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Erdington Road, Blackpool, Lancashire, FY1 - Image 1
Erdington Road, Blackpool, Lancashire, FY1 - Image 2
Erdington Road, Blackpool, Lancashire, FY1 - Image 3

Erdington Road, Blackpool, Lancashire, FY1

North West

£69,950
Listed on 19/06/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
614 sqft

Description

This traditional terraced house presents a significant opportunity for renovation and investment, ideally situated close to the bustling center of Blackpool. With four bedrooms and a versatile loft space, the property is ripe for updating, making it an attractive prospect for both families looking to create their ideal home and investors seeking potential rental income. Upon entering, you are greeted by a vestibule that leads into a spacious entrance hall. The ground floor features two distinct reception rooms, providing flexible living spaces that can be adapted to suit various needs. A practical kitchen with laminate base units and necessary plumbing offers possibilities for modernization. The ground floor also includes a bathroom and a separate W.C., catering to everyday convenience. The first floor accommodates four well-proportioned bedrooms, each benefiting from natural light. Notably, one bedroom includes a sink unit, which could serve as an additional ensuite option after renovation. The staircase leading to the loft hobbies room adds another level of utility; this space can be repurposed as an office or additional storage area. The property is equipped with gas central heating throughout and partial UPVC double glazing, presenting a foundation on which to build further energy-efficient enhancements. Outside, residents will appreciate the west-facing courtyard—a pleasant spot for outdoor relaxation or further landscaping projects. Parking is made easier with resident permit availability on the street, adding to the property's appeal in this convenient location near local amenities. Given its size and layout, this house not only offers comfortable living but also significant potential for value appreciation through thoughtful upgrades. Overall, this property represents a unique chance to invest in an area with strong demand while creating a personalized living space tailored to modern standards.

Investment Analysis

(FY1 area)

Above Market Value

This property is priced +8.8% above area average per sq ft

+8.8%
This Property
£114/sq ft
Area Average
£105/sq ft
Avg Rent (weekly)
£151
Avg Yield
7.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£70,748
10% above area average per sq ft
Potential ROI
-35.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (FY1)

Area prices are rising by +4.5% over the last 12 months
3 year growth: -2.8%
5 year growth: 16.4%
Investment Disclaimer: Analysis based on FY1 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

Erdington Road, Blackpool, Lancashire, FY1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£256
Based on a loan of £52,462 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