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School Road, Blackpool FY4

North West

£460,000
Listed on 08/05/2024

Property Details

Bedrooms
5
Type
Semi Detached House
Area
2411 sqft

Description

This semi-detached property offers generous living space and versatile accommodations, making it an excellent candidate for renovation and investment. The house features a welcoming entrance hall leading to two bright reception areas, a well-equipped kitchen with breakfast bar, a cloakroom, and a double bedroom with en-suite on the ground floor. The first floor provides access to a family bathroom and three double bedrooms, two of which include en-suites. Upstairs, there's an additional double bedroom with its own en-suite. Outdoor spaces are plentiful, including a gated driveway that leads to ample parking and a garage at the rear. The gardens offer significant potential for family-friendly landscaping or even creating additional useable land such as a paddock. A detached outbuilding currently functions as a games room/bar with its own bathroom, presenting further opportunities for conversion into an annexe or guest accommodation. Situated in a desirable residential area in South Shore, this property is close to shops, schools, and transport links to nearby Blackpool and St Annes, thus making it a strategic investment for rental or personal use.

Investment Analysis

(FY4 area)

Above Market Value

This property is priced +16.1% above area average per sq ft

+16.1%
This Property
£191/sq ft
Area Average
£164/sq ft
Avg Rent (weekly)
£146
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£435,873
10% above area average per sq ft
Potential ROI
-14.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (FY4)

Area prices are stable by +0.4% over the last 12 months
3 year growth: -0.8%
5 year growth: +7.9%
Investment Disclaimer: Analysis based on FY4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

School Road, Blackpool FY4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,629
Based on a loan of £345,000 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Price History

-5.2% since listed
£460,000£25,000(-5.2%)
29/09/2024
Current price
£485,000Initial listing
08/05/2024

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