Worst House on the Street Logo
Alexandra Road, Lytham St. Annes, FY8 - Image 1
Alexandra Road, Lytham St. Annes, FY8 - Image 2
Alexandra Road, Lytham St. Annes, FY8 - Image 3
Alexandra Road, Lytham St. Annes, FY8 - Image 4
Alexandra Road, Lytham St. Annes, FY8 - Image 5

Alexandra Road, Lytham St. Annes, FY8

North West

£169,950
Listed on 27/04/2024

Property Details

Bedrooms
2
Type
Terraced house
Area
807 sqft

Description

This two-bedroom mid-terrace home presents a compelling opportunity for buyers seeking a project with significant renovation potential. With some updates, this property could be transformed into a stylish and comfortable living space that reflects personal taste. The interior currently features a living room, kitchen, second reception area, two bedrooms, and a family bathroom, all of which are primed for modernization. The layout allows for creative reconfiguration or enhancement to maximize space and functionality. One of the standout features of this property is its expansive rear garden. This outdoor area offers room for landscaping projects or the creation of an inviting entertaining space, making it appealing for those who appreciate outdoor living. Additionally, the property provides pleasant views over Hope Street Park, enhancing its tranquil atmosphere. Located on a well-regarded street, the home benefits from easy access to both Lytham and St. Annes town centres. Residents will find themselves close to local schools and various amenities, as well as convenient transport links that connect to surrounding areas. Given its prime location and renovation possibilities, this property holds excellent investment potential. It is ideally suited for first-time buyers looking to make their mark or investors aiming to increase value through targeted improvements. Viewing is encouraged to fully appreciate what this property has to offer.

Investment Analysis

(FY8 area)

Below Market Value

This property is priced -15.2% below area average per sq ft

-15.2%
Potential saving
This Property
£211/sq ft
Area Average
£248/sq ft
Avg Rent (weekly)
£181
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£16,995 - £42,488
10-25% of property value
Target Value
£220,505
10% above area average per sq ft
Potential ROI
+3.8%
After renovation
Monthly Sales
52
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (FY8)

Area prices are falling by +3.9% over the last 12 months
3 year growth: 5.1%
5 year growth: 14.7%
Investment Disclaimer: Analysis based on FY8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Alexandra Road, Lytham St. Annes, FY8
Map showing location of Alexandra Road, Lytham St. Annes, FY8
Open Map