Summary - 78 PARK ROAD BLACKPOOL FY1 4EP
5 bed 2 bath Apartment
High-yield rental near university and hospital, ready for immediate income.
Two self-contained dwellings with separate front doors
Projected yield over 9.5% at asking price
Modern kitchens, bay windows and high ceilings
Off-street parking for two cars; rear garden space
EPC C for both units; council tax Band A (very cheap)
Area: very high crime and very deprived — increased management risk
Heating: electric room heaters; no central heating gas
Solid brick walls likely uninsulated — consider insulation works
This freehold property contains two self-contained dwellings with separate front doors, designed for immediate rental income. Modern fitted kitchens, bay windows and high ceilings preserve period character while offering practical, lettable accommodation. Off-street parking for two cars and a rear garden add tenant appeal, and both units hold EPC C ratings.
Positioned close to Blackpool & Fylde College, Blackpool Victoria Hospital and the town centre, the location supports steady demand from students and local professionals. At the asking price the projected yield exceeds 9.5%, making this a clear investment opportunity for a buyer seeking near-term cashflow and long-term capital growth.
Buyers should note material downsides: the area has very high crime levels and is classified as very deprived, which may affect tenant profiles and management needs. Heating is by electric room heaters (no central gas) and the property’s solid brick walls likely lack insulation, which could raise running costs and tenant turnover. These factors should be weighed into letting strategy and refurbishment budgeting.
Overall, the property suits investors experienced with urban rental markets who can capitalise on strong local demand while managing higher operational risks. With routine updates and targeted tenant screening, the two-property layout offers flexible income streams and scope to increase value through insulation and heating upgrades.
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