Summary - Lightburne Avenue, ., Lytham St. Annes, Lancashire, FY8 1JE FY8 1JE
1 bed 1 bath Not Specified
Freehold five flat investment near St Annes seafront — strong income, sold at auction..
- Five one-bedroom apartments over three floors, all reportedly tenanted
- Gross rental income £31,320 pa (approx. 8.64% yield at guide price)
- Freehold building with communal patio and period character features
- Off-street parking front and rear; separate garage to the rear
- Flat Two benefits from its own private entrance
- Sold via online auction; buyer to complete due diligence pre-sale
- No internal inspection carried out by vendor; tenure details not provided
- Local area flagged as very deprived; factor potential voids/risks
A ready-made buy-to-let block offering immediate income and strong headline yield. Five one-bedroom apartments are arranged over three floors in a Victorian red-brick conversion close to St Annes seafront. The current gross rental income is reported at £31,320 per annum (approx. 8.64% yield on the guide price), with most flats described as settled, single-occupant tenancies.
Practical benefits include a freehold title, off-street parking front and rear, a rear garage and a communal patio — useful for management and tenant amenity. Flat Two has its own private entrance, which can help attract longer-term tenants or provide re-letting flexibility. The building’s period features (high ceilings, bay windows, fireplaces) add character that can support rental demand in this coastal market.
Important considerations for buyers: the property will be sold via secure online auction and the vendor’s notes state no internal inspection has been carried out, so you must rely on available documents and your own due diligence. Tenure details are not provided, and the wider local area is flagged as very deprived — these factors can affect capital growth, void risk and re-let prospects. Legal packs and tenancy agreements should be checked before bidding.
This is primarily an investment play for an investor seeking immediate yield and minimal initial void time. It suits a buyer comfortable with auction purchases and with the resources to verify tenancies, service records and compliance (safety certificates, EPCs) prior to completion.
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