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Elterwater Place, Blackpool, Lancashire FY3 - Image 1
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Elterwater Place, Blackpool, Lancashire FY3

North West

£120,000

Listed on 17/06/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
880 sqft

Description

This two-bedroom semi-detached property presents an intriguing renovation opportunity for buyers seeking a project with potential. Located in a desirable area, the home features a welcoming front porch and garden that set the tone for its character. The spacious front reception room offers ample room for relaxation, leading to a kitchen and dining area that seamlessly connects to a sunroom or conservatory at the rear—ideal for enjoying garden views or entertaining guests. The upper floor comprises two well-sized bedrooms along with a family bathroom, but it’s the second bedroom that stands out, featuring patio-style doors opening onto a flat roof. This unique attribute allows for the exciting possibility of creating a balcony or terrace (subject to permissions), making it an attractive feature for future buyers. The extensive rear garden is another highlight, providing significant space for landscaping or outdoor living enhancements, as well as the potential for further developments subject to planning consent. Additionally, there’s a garage and off-road parking available via a shared driveway, adding practicality to the property. Although this residence requires updating, this represents an excellent blank canvas opportunity for modernisation. With solid foundations and generous living space, there's substantial potential here to enhance value and create your ideal home. Given its location near Preston New Road with easy motorway access and close proximity to Clifton Retail Park's amenities, this property certainly deserves consideration by first-time buyers and investors alike.

Investment Analysis

(FY3 area)

Below Market Value

This property is priced -14.5% below area average per sq ft

-14.5%
Potential saving
This Property
£136/sq ft
Area Average
£159/sq ft
Avg Rent (weekly)
£186
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£154,299
10% above area average per sq ft
Potential ROI
-0.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (FY3)

Area prices are rising by +2.2% over the last 12 months
3 year growth: +6.1%
5 year growth: +16.4%
Investment Disclaimer: Analysis based on FY3 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

Elterwater Place, Blackpool, Lancashire FY3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£453
Based on a loan of £90,000 over 30 years at 4.45% 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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