Summary - Flat 66, 188 Lord Street PR9 0QG
1 bed 1 bath Apartment
Sold with tenant in situ producing a 7.5% gross yield.
Ground-floor one-bedroom with private decked patio
A practical buy-to-let in central Southport, offered with a sitting tenant producing a 7.5% gross yield at the current asking price. The ground-floor one-bedroom apartment opens into a bright open-plan living space with a fitted kitchen and doors onto a private decked patio — a useful amenity that appeals to many renters. Off-street parking is included, a clear advantage in the area.
The property has a very long lease (979 years) and a below-average service charge of £810 per annum, simplifying long-term ownership costs. Heating is by electric room heaters and the building has double glazing; prospective buyers should note electricity is the primary fuel and heating upgrade potential exists. Broadband speeds are reported slow, which could affect tenant demand for home-working renters.
Location is a key draw: Lord Street Boulevard, the promenade and transport links are all within walking distance, alongside shops, bars and amenities. However, the neighbourhood has higher crime and marked area deprivation; this is an important factor for risk assessment and lettings strategy. Council Tax Band B and proximity to several well-rated primary and secondary schools may broaden tenant appeal.
Overall this apartment is positioned for someone seeking an immediate rental income stream with low entry hassle. It suits investors focused on rental yield and long-lease security, while buyers seeking a primary home should factor in local area challenges and the property’s basic electric heating and broadband limitations.
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