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Laurel Avenue, Blackpool

North West

£45,000
Listed on 27/04/2026

Property Details

Bedrooms
1
Type
Apartment
Area
410 sqft

Description

This first-floor flat presents a promising opportunity for investors or first-time buyers looking to make their mark. With all the essential features in place, it comprises a spacious one-bedroom layout with a well-sized living room and kitchen, alongside a bathroom that is ripe for modernization. The property benefits from approximately 964 years remaining on its lease and has very low ground rent, ensuring long-term security at minimal ongoing costs. Accessed through a private entrance and complete with a rear yard, this flat provides both privacy and potential for outdoor enjoyment. While the interior requires some refurbishment to reach its full potential, this is reflected in the starting auction price, allowing buyers to customise the space to their preferences. Located in a desirable area with convenient access to local amenities and transportation links into Blackpool Town Centre, this property could achieve an estimated rental income of around £550 per month, translating to an impressive gross yield of approximately 14.6%. Overall, this flat serves as an ideal blank canvas for those looking to invest or downsize while creating a tailored living environment.

Investment Analysis

(FY1 area)

Above Market Value

This property is priced +1.5% above area average per sq ft

+1.5%
This Property
£110/sq ft
Area Average
£108/sq ft
Avg Rent (weekly)
£147
Avg Yield
6.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£48,753
10% above area average per sq ft
Potential ROI
-30.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (FY1)

Area prices are rising by +4.1% over the last 12 months
3 year growth: -3.6%
5 year growth: +14.8%
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

Laurel Avenue, Blackpool
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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
£159
Based on a loan of £33,750 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.

Stamp Duty Calculator

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