The Wellington Apartments
RE

The Wellington Apartments

By Residential Estates

£ 54,000

Reviews

3 out of 5 stars

Residential Estates says ..

A unique low entry level development in the heart of Blackpool, offering investors large potential returns. The Wellington is perfectly positioned to cater to both holidaymakers and corporate tenants, making it an ideal investment for those seeking high-yield returns.

Property Oracle says ..

The property is a 1 bedroom apartment located in Blackpool, Lancashire. The apartment is part of The Wellington Apartments on Coop Street. The apartment is in good condition. The photos show a recently refurbished property with modern furnishings and decor. The rooms are clean and well-maintained. While the plot size is listed as 0.00 sqft, the property benefits from access to a communal outdoor patio area, as shown in the provided images. This provides some outdoor space for residents. Considering the list price of £54,000, the average price in the area is £104,432 and the average price per sqft is £119. The property’s size of 2346.53 sqft is significantly larger than the average in the area (871 sqft). However, given that it is an apartment with no private land and the average price of nearby properties varies significantly, a conclusive statement on the value for money cannot be made without further information regarding the specifics of the apartment’s features and the overall condition of the building. The price seems potentially low compared to the average for the area, but without more detailed information, it is difficult to definitively assess its value. The location is in Blackpool, close to several train stations (Blackpool North, Blackpool South) and schools (Blackpool St John’s Church of England Primary School, Revoe Learning Academy). Blackpool is a popular seaside resort town, which may impact the desirability of the location. However, without knowing the proximity to amenities and the specific character of the immediate neighbourhood, a precise assessment of the location score is not possible.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
9
Location
7
Land
3
Bedrooms
1
Bathrooms
1
Sqft (est)
2,346.53

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
75,833.00 £
Decreased by 8.73 %
from 83,086.00 £
Est sale value
265,157.89 £
Increased by 34.52 %
from 197,108.52 £
Average area rental value
1,020.00 £/mo
Increased by 42.06 %
from 718.00 £/mo
Est letting value
2,346.53 £/mo
from 0.00 £/mo
Est rental Yield
16.14 %
Increased by 55.64 %
from 10.37 %
Crime Rate
13.00 %
Unchanged by 0.00 %
from 13.00 %

Agent Activity

  • Residential Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Bfc SchoolOther Independent School0.72 KM
Blackpool St John'S Church Of England Primary SchoolVoluntary Aided SchoolGood0.95 KM
Blackpool Gateway AcademyAcademy ConverterRequires improvement0.98 KM
Revoe Learning AcademyAcademy Sponsor LedGood1.07 KM
Revoe Children'S CentreChildren's Centre1.21 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Chapel Street £ 000.00 KM
Princess Street £ 63,33300.00 KM
Princess Court £ 105,00000.00 KM
Hamilton Court £ 000.00 KM
Chadwick Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Blackpool North2739BPN1.26 KM
Blackpool South2740BPS1.40 KM
Blackpool Pleasure Beach2738BPB2.56 KM
Layton (Lancs)2669LAY3.65 KM
Squires Gate2666SQU3.74 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Wellington Apartments £ 75,000BUY6 / 100.00 KM
The Wellington Apartments £ 42,000BUY6 / 100.00 KM
The Wellington Apartments £ 54,000BUY6 / 100.00 KM
The Wellington Apartments £ 135,000BUY7 / 100.00 KM
Coop Street, Blackpool, FY1 £ 77,500BUY7 / 100.01 KM

Nearby Properties

AddressPriceDistance
1 Coop Street £ 82,0000.00 KM
15 Coop Street £ 36,0000.00 KM
5 Coop Street £ 78,0000.00 KM
34 - 36 Coop Street £ 67,5000.00 KM
16 Coop Street £ 140,0000.00 KM