1 bedroom flat for sale

£44,495

10-12 Queens Promenade, Blackpool, Lancashire FY2

1 bedroom flat for sale 1
Interested in this property? Call +44 20 8115 8144 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Rolling refurbishment
  • Immediate rental returns
  • 12% net yield
  • 10 years guaranteed rental
  • Buy back from year 5
  • 70% roi in 5 years

Property description

Brand new hotel opening on Blackpool seafront, offering fantastic proximity to all of the best things that Blackpool has to offer including the world famous Pleasure Beach.

Investment highlights:

-10% for 10yrs (Pre-launch net yield at 12%)
-Prices starting from £34,995 for rooms
-Prices starting from £52,995 for apartment rooms
-Optional buyback starting in year 5 at 110%
-5 days accommodation to investors each year for the first 5yrs
-Immediate Income

Location details:
Blackpool is the most popular seaside resort in the UK. The town is located on the Lancashire coast, about 28 km from Preston and about 65 km from Manchester. The town became a popular resort during the 19th century when it was connected by rail to much of northern England. Today, it attracts about 12 million people each year. The Mosaic Hotel is situated on Queens Promenade, Blackpool just minutes away from the Pleasure Beach, this is a prime location for holidaymakers.

Example Investment:

Purchase Price: £47,995
Rent per month: £479.95
Ongoing costs: £0
Year 5 buy back: £52,794.50
Total amount received over 5 years: £81,591.50
Total amount less original investment: £33,596.50
5 year roi: 70% plus your money back!

Reservation process:

1.Pick your unit and complete reservation agreement
2.Send £3,000 reservation fee
3.Instruct solicitors
and complete with final balance minus £3,000 - cash only
5.Rental income start

Property value data/graphs for FY2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £224,137 £146 3.4 £190,179
Semi-detached £138,956 £134 3.1 £134,795
Terraced £113,060 £121 3.2 £102,853
Flats £87,963 £142 1.8 £68,600

Current asking prices in FY2

Average: £116,703
Avg. current asking prices in FY2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £127,981
(16)
£138,448
(84)
£171,060
(14)
£201,725
(4)
Flats £55,794
(55)
£113,302
(22)
£111,750
(6)
- -
All £55,794
(55)
£119,483
(38)
£136,668
(90)
£171,060
(14)
£201,725
(4)

Current asking rents in FY2

Average: £545 pcm
Avg. current asking prices in FY2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £572 pcm
(1)
£637 pcm
(13)
£687 pcm
(2)
-
Flats £397 pcm
(10)
£579 pcm
(5)
£552 pcm
(3)
- -
All £397 pcm
(10)
£578 pcm
(6)
£621 pcm
(16)
£687 pcm
(2)
-

Fun facts for FY2

Highest value in FY2
Highest value streets Zed-Index
Fennel Close £243,681
Tarragon Drive £234,494
Tower View £233,229
Regency Gardens £218,483
Queens Promenade £203,063
Highest turnover in FY2
Highest turnover streets Turnover
Athlone Avenue 50.0%
Calder Road 41.3%
Broderick Avenue 36.0%
Quebec Avenue 30.3%
Boston Avenue 30.0%
Arrange Viewing

For more information about this property, please contact
Property and Invest, N1 on +44 20 8115 8144 * (local rate)

Monthly running costs Beta

£355 Monthly total

Energy

Gas £19 Electricity £29 Estimated energy cost £48/mo

Similar properties could save up to £154

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5700 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Blackpool

Estimated tax band A Council tax cost £110 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £13 Sewerage £15 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Property and Invest, and do not constitute property particulars. Please contact Property and Invest for full details and further information. The Running Costs data displayed on this page are provided by Homes24 to give an indication of potential running costs based on various data sources. Homes24 does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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