No rent data on file — verify locally before offering.
Why it works
Priced below market -87% vs 12 nearby sold (last 12 mo) — instant equity
EPC B — MEES compliant
Why to be cautious
Auction lot — bridging-only finance, 28-day completion
Service charge unknown — could swing £100-300/mo
Monthly profit −£434/mo — significantly negative — real recurring drain
No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.
Property research tool — not a regulated financial service. Numbers are point-in-time estimates; how we decide →
Monthly cashflow
−£434/mo
You top up £434/mo
Price vs market
Below market value
-87% vs 12 sold · interior unseen
Return · IRR
—
Not modelled
Cash left in
£0
Fully recycled — pull all your cash back out
Price £15KCash to buy £11K5-yr return on cash -256%
How we define each return:On price — gross yield = annual rent ÷ purchase price.On cost — net yield ÷ total project cost (price + refurb + fees).On cash — cash-on-cash & ROI ÷ the actual cash you put in (deposit + costs).
Listing seen …
What-if calculator
Edit any input — outputs recalc liveRates as of 20 May 2026
Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer (£)
Monthly rent (£)
No rent data — verify locally
Financing
DepositYour cash in — the rest is the mortgage25% · £3,750
5%100% (cash buy)
Standard 75% LTV for BTL
Mortgage rate5y fixed5.8%
3.0%9.0%
5-year fixed at 75% LTV — 5.75% (as of 2026-05-20).
Mortgage term (years)
Stress rate6.5%
5.0%9.0%
BoE base + 2pp stress (6.5%)
Acquisition costs
Refurb (£)
Capped at 20% of £15,000 asking (£3,000). Raw model: £6,427–£13,902. Verify with a surveyor before offering.
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £11,250 loan + £1,000 booking fee
We don't ingest the NHLE bulk register, so we can't flag listed-building or conservation-area status for this address from our data alone. Use the official registry to verify before exchanging.
Housing-benefit (LHA) scheme detailBRMA East Lancs · cap £474/mo
Housing-benefit rent scheme detail
Per-BRMA Local Housing Allowance + per-LA council leasing scheme.
Rental Market Area (BRMA):
East Lancs
LHA monthly cap:
£474
Scheme type:
none
Premium:
+1000% premium over LHA cap
Typical lease:
0 years lease
Management:
landlord pays agent (typical 10%)
Ready to move on this deal?
Generates an offer pack with your numbers & sources — take it to the agent.
Pro analysis — outcome range, stress tests & portfolio impactLocal lettings demanddays-to-let · supply now · trend
Rent by the room conversion upside
As-is Rent it out vs converted Rent by the room
+£1,034/mo cash flow vs Rent it out if converted to Rent by the room
192.00% Return before costs on price converted vs 0.00% as-is
As-is Rent it out
Monthly profit-£262
Return before costson price0.00%
Cash needed£15,648
If converted to Rent by the room
Monthly profit+£773
Return before costson price192.00%
Cash needed£31,648
Δ vs Rent it outMonthly profit+£1,034
Show conversion detail
Cannot Rent by the room:Only 2 bed — too small for an HMO (3+ unrelated tenants from 2+ households) without major reconfiguration.
Conversion cost estimate
£9,000
Range: £7,650 – £10,350
Fire safety, plumbing, partitioning, licensing.
Rates as of Apr 2026
£4,780–£9,000full refurb + room split
⚠️ Capped at 60% of £15,000 asking (£9,000). Raw model: £42,690–£80,380. Verify with a surveyor before offering.
What's in this cost
Kitchen£967–£1,935
1 × bathroom£638–£1,170
Rewire£363–£635
Replumb£272–£544
Windows£907–£1,632
Paint + decor£635–£1,179
Flooring£998–£1,905
Comparables
sold within 0.5 mi
Wide · CV 22.0%Med confidence
Loading nearby sold…
Location & area intelligence
Transport 100 / 100
Loading map…
Transport score100 / 100
On the map
Registered HMOs
Approved HMO conversions
Pending HMO applications
Schools & catchment4 schools nearby
Nearby schoolsOfsted-rated, nearest first4 of 5
Tauheedul Islam Girls' High School
Secondary · Academy converter · BB2 7AD
Outstanding
Balderstone St Leonard's Church of England Voluntary Aided Primary School
Primary · Voluntary aided school · BB2 7LL
Not rated
Mellor St Mary Church of England Primary School
Primary · Voluntary aided school · BB2 7JT
Not rated
St Mary's Roman Catholic Primary School, Osbaldeston
Primary · Voluntary aided school · BB2 7HX
Not rated
Ofsted · postcode-area match. Catchment areas vary year to year — verify with the local council before relying for school admissions.
Tax treatment
-£5,205/yr kept
Annual gross rent£0
Section 24 credit£0
Annual tax due£0
Post-tax Monthly profitannual-£5,205
Exit costs
-£27,407 after CGT
Projected sale price (5y · 2%/yr growth)£16,561
Capital gain (pre-CGT)£1,561
Sale costs (~2.5%)£414
CGT due (Ltd Co 25%)£0
No personal CGT — the gain is taxed at the company level (corporation tax) when the SPV disposes of the property.
Net 5y Monthly profitafter CGT-£27,407
Rates as of Oct 2024
Acquisition costs
£10,725cash needed
Purchase price£15,000
Deposit (25%)£3,750
Stamp duty+5% additional-property surcharge£750
Refurb£3,000
Legal + survey£2,000
Mortgage fees£1,225
Total cash neededdeposit + costs (loan covers the rest)£10,725
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
About this propertydescription · onthemarket
Description& agent copyOnTheMarket
STUNNING TWO BEDROOM APARTMENT FOR OVER 55'S - NO ONWARD CHAIN. Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £30000*
Set within the highly sought-after Larmenier Retirement Village, this charming two-bedroom apartment offers independent living for the over 55s. Beautifully presented with a contemporay finish, the apartment features a spacious layout, including a generously sized lounge, study, modern fitted kitchen, two bedrooms, convenie…
Preston New Road, Blackburn, Lancashire, BB2 7AL, Blackburn, BB2 7AL
flat · 2 bed · 1 bath
£15,000
Chain freeEPC B
Priced below market
1 / 5
0/100
Marginal
No rent data — verify locally before offering.
Priced below market -87% vs 12 nearby sold (last 12 mo)
Chain free
Price
£15K
87% below sold comps
Return before costs
—
rent unknown
Bedrooms
2
1 bath
Energy rating
B
Energy rating
Run the numbers
Each tab prefills
What-if calculator
Edit any input — outputs recalc liveRates as of 20 May 2026
Buy-to-Let. Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent). (hover any strategy tab for pros + cons)
Offer (£)
Monthly rent (£)
No rent data — verify locally
Financing
DepositYour cash in — the rest is the mortgage25% · £3,750
5%100% (cash buy)
Standard 75% LTV for BTL
Mortgage rate5y fixed5.8%
3.0%9.0%
5-year fixed at 75% LTV — 5.75% (as of 2026-05-20).
Mortgage term (years)
Stress rate6.5%
5.0%9.0%
BoE base + 2pp stress (6.5%)
Acquisition costs
Refurb (£)
Capped at 20% of £15,000 asking (£3,000). Raw model: £6,427–£13,902. Verify with a surveyor before offering.
Legal + survey (£)
Leasehold flat — £1,500 legal + £500 survey
Mortgage fees (£)
2% product fee on £11,250 loan + £1,000 booking fee
Housing-benefit (LHA) scheme detailBRMA East Lancs · cap £474/mo
Housing-benefit rent scheme detail
Per-BRMA Local Housing Allowance + per-LA council leasing scheme.
Rental Market Area (BRMA):
East Lancs
LHA monthly cap:
£474
Scheme type:
none
Premium:
+1000% premium over LHA cap
Typical lease:
0 years lease
Management:
landlord pays agent (typical 10%)
Year-by-year Monthly profit (5-yr horizon)
Net Monthly profit after tax. Rent + costs compound at their growth rates; mortgage principal amortises year-by-year for repayment loans.
Mortgage paydownRent profitbefore price growth
Full year-by-year breakdown
Year
Gross Rent
Op Costs
Mortgage
Equity Built
Tax
Net
Cumulative
Year 1
£0
£4,474
£731
£0
£0
-£5,205
-£5,205
Year 2
£0
£4,608
£731
£0
£0
-£5,339
-£10,544
Year 3
£0
£4,746
£731
£0
£0
-£5,477
-£16,021
Year 4
£0
£4,888
£731
£0
£0
-£5,620
-£21,640
Year 5
£0
£5,035
£731
£0
£0
-£5,766
-£27,407
Rent by the roomupside
Tap to expand
Rent by the room conversion upside—▾
Required
Rooms (3+)2 bd
If converted
Gross Rent by the room yield—
What we verified
12 total
3306
Legal & planning4▾
Article 4HMO restriction lookupUnknown
Rent by the room licensingMandatory if 5+ unrelatedN/A
TenureTenure typeLeasehold
HeritageListed building / conservation areaNot stated on the listing
Building condition3▾
EPCEnergy efficiency ratingB
EWS1External wall safety (cladding)Not stated on the listing
Refurb costBased on beds + baths + sqftEstimate available
Area3▾
Crimepolice.uk · monthlyChecking…
SchoolsGIAS · OfstedChecking…
FloodEA Flood Map · England onlyChecking…
Investor profile2▾
Tenant profileBeds + postcode heuristicFamily let
Rent by the room feasibilityMin 3 beds for C4 routeBelow threshold
Comparables
sold within 0.5 mi
Wide · CV 22.0%Med confidence
Loading nearby sold…
Location & transport
Score 100/100
Loading map…
PropertySchoolsUniversitiesStationsArticle 4
Transport detail not loaded for this property.
Tax & exit
Ltd Co
Tax bandLtd Co 25%
Mortgage-interest tax rule credit£146
Annual rental tax£0
CGT yr 5£0 · company level
5y net total-£27,407
Acquisition costs
£11K
25% deposit£3,750
Stamp duty£750
Refurb£3,000
Legal + survey£2,000
Mortgage + broker£1,225
Cash needed£10,725
Green = verified data. Amber = market typical. Red = our estimate — verify before offering.
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Description& agent copyOnTheMarket
STUNNING TWO BEDROOM APARTMENT FOR OVER 55'S - NO ONWARD CHAIN. Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £30000*
Set within the highly sought-after Larmenier Retirement Village, this charming two-bedroom apartment offers independent living for the over 55s. Beautifully presented with a contemporay finish, the apartment features a spacious layout, including a generously sized lounge, study, modern fitted kitchen, two bedrooms, convenie…