7 bedroom hmo

Raikes parade, Blackpool, Lancashire, FY1 4EY

Size: 188.68 sqm

Purchase price

£260,000

Size: 188.68 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £35,620
Lettings fees £4,274
Net income £25,887
Gross yield 13.7%
Net yield 9.96%

EARN INSTANT INCOME ON THE ALREADY TENANTED HMO INVESTMENT OPPORTUNITY! This excellent 7 bedroom HMO is in the heart of the popular seaside resort of Blackpool, enquire today to avoid disappointment.


EARN INSTANT INCOME ON THE ALREADY TENANTED HMO INVESTMENT OPPORTUNITY! This excellent 7 bedroom HMO is in the heart of the popular seaside resort of Blackpool, enquire today to avoid disappointment.

This wonderful seven bedroom HMO comprises of; entrance hallway leading to two rooms on the ground floor; a three piece family bathroom with shower over bath; spacious lounge with double glazed window; fully fitted kitchen with all appliances included. First floor comprises of; three self contained rooms; spacious lounge; fully fitted kitchen with all appliances included; three piece family bathroom. Second floor comprises of; two self contained rooms; two spacious lounges with double glazed windows; fully fitted kitchen with all appliances included.

Raikes Parade is within a short distance of Blackpool’s famous promenade, this attractive HMO opportunity benefits from also being close to popular schools, local amenities, bus routes and links to the motorway networks. Blackpool is a great place to invest right now with Blackpool Council’s £300m leisure development plans which includes new hotels, restaurants, apartments and entertainment venues including the UK’s first ‘flying theatre’, and an indoor virtual reality experience amongst other exciting attractions.

Reasons to invest in Blackpool:

 Great commuter area
 Average asking price for flats £83,362 (Zoopla, 2020)
 Future investment to area with potential to increase job opportunities and property prices.

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

Seven bedroom HMO

Key features

Over 8% NET yield

Key features

Freehold

Key features

Excellent location

Key features

Great transport links

Key features

Shops and amenities nearby

Key features

Walking distance to promenade

Key features

Freehold

EARN INSTANT INCOME ON THE ALREADY TENANTED HMO INVESTMENT OPPORTUNITY! This excellent 7 bedroom HMO is in the heart of the popular seaside resort of Blackpool, enquire today to avoid disappointment. More info...

EARN INSTANT INCOME ON THE ALREADY TENANTED HMO INVESTMENT OPPORTUNITY! This excellent 7 bedroom HMO is in the heart of the popular seaside resort of Blackpool, enquire today to avoid disappointment.

This wonderful seven bedroom HMO comprises of; entrance hallway leading to two rooms on the ground floor; a three piece family bathroom with shower over bath; spacious lounge with double glazed window; fully fitted kitchen with all appliances included. First floor comprises of; three self contained rooms; spacious lounge; fully fitted kitchen with all appliances included; three piece family bathroom. Second floor comprises of; two self contained rooms; two spacious lounges with double glazed windows; fully fitted kitchen with all appliances included.

Raikes Parade is within a short distance of Blackpool’s famous promenade, this attractive HMO opportunity benefits from also being close to popular schools, local amenities, bus routes and links to the motorway networks. Blackpool is a great place to invest right now with Blackpool Council’s £300m leisure development plans which includes new hotels, restaurants, apartments and entertainment venues including the UK’s first ‘flying theatre’, and an indoor virtual reality experience amongst other exciting attractions.

Reasons to invest in Blackpool:

 Great commuter area
 Average asking price for flats £83,362 (Zoopla, 2020)
 Future investment to area with potential to increase job opportunities and property prices.

  • Key features
    Tick Desktop Earn instant income
    Tick Desktop Seven bedroom HMO
    Tick Desktop Over 8% NET yield
    Tick Desktop Freehold
    Tick Desktop Excellent location
    Tick Desktop Great transport links
    Tick Desktop Shops and amenities nearby
    Tick Desktop Walking distance to promenade
    Key features

    Freehold

  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £35,620
Lettings fees £4,274
Net income £25,887
Gross yield 13.7%
Net yield 9.96%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.