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Reads Avenue, Blackpool, Lancashire, FY1 4JD

North West

£80,000
Listed on 29/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for investors, featuring two one-bedroom flats in a sought-after area close to Stanley Park and local amenities. Both flats are situated in a residential setting that promises steady rental demand. However, they require modernisation to unlock their full rental potential, making them ideal for enhancement and value increase. The ground-floor flat includes a lounge with a fireplace, an en-suite double bedroom, and a kitchen with ceramic tiles. The first-floor flat boasts a lounge/dining room, another double bedroom, and a bathroom complete with essential fittings. Externally, the property offers an enclosed rear yard and a paved front area. This offering is perfect for those looking to invest in refurbishment projects that can yield significant returns through strategic upgrades.

Investment Analysis

(FY1 area)
Area Average
£108/sq ft
Avg Rent (weekly)
£150
Avg Yield
7.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (FY1)

Area prices are rising by +3.9% over the last 12 months
3 year growth: -3.6%
5 year growth: +15.3%
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

Reads Avenue, Blackpool, Lancashire, FY1 4JD
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£289
Based on a loan of £60,000 over 30 years at 4.06% 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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