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52 Osborne Road, Blackpool, Lancashire, FY4 - Image 1
52 Osborne Road, Blackpool, Lancashire, FY4 - Image 2
52 Osborne Road, Blackpool, Lancashire, FY4 - Image 3
52 Osborne Road, Blackpool, Lancashire, FY4 - Image 4
52 Osborne Road, Blackpool, Lancashire, FY4 - Image 5
52 Osborne Road, Blackpool, Lancashire, FY4 - Image 6
52 Osborne Road, Blackpool, Lancashire, FY4 - Image 7
52 Osborne Road, Blackpool, Lancashire, FY4 - Image 8

52 Osborne Road, Blackpool, Lancashire, FY4

North West

£160,000
Listed on 21/11/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This residential flat investment property includes three individual flats spread across the lower ground, ground, first, and second floors. Each unit presents an opportunity for both immediate rental income and future enhancement through thoughtful renovation. The property has seen some recent updates, including a complete re-wiring done approximately two years ago, as well as a modern fire alarm system in place, ensuring compliance with safety regulations. Currently generating a rental income of £15,480 per annum, it offers a stable return while also allowing for further financial growth. One of the standout features is the potential to develop the lower ground floor area. With appropriate planning permissions (subject to planning), this space could be transformed to increase overall rental yield significantly. Located conveniently near the Promenade and local amenities, the property is positioned in a desirable area that attracts tenants year-round. This combination of existing income and renovation potential makes it an appealing investment opportunity for those looking to maximize their return in a vibrant community setting.

Investment Analysis

(FY4 area)
Area Average
£159/sq ft
Avg Rent (weekly)
£153
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (FY4)

Area prices are rising by +4.0% over the last 12 months
3 year growth: 1.4%
5 year growth: 10.2%
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

52 Osborne Road, Blackpool, Lancashire, FY4
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE