Summary - 80 BEACH ROAD THORNTON-CLEVELEYS FY5 1EH
6 bed 1 bath Block of Apartments
Six-flat freehold block close to Cleveleys Promenade — income now, upside with refurbishment..
Six self-contained flats; current full occupancy
Gross rent £2,580 pcm (£30,960 pa); initial gross yield ~12%
Planning permission recorded for five self-contained flats
Units 19–35sqm; mix of studios and one-bedrooms
Freehold; double glazing; individual electric meters
High flood risk — insurance and mitigation likely needed
Local area: very deprived with high crime; slow broadband
Refurbishment and active management required to uplift rents
A six-flat block on Beach Road, Cleveleys, currently producing a gross rent roll of £2,580 pcm (£30,960 pa) and showing an initial gross yield of around 12% at the listed price. The building is offered freehold and benefits from double glazing and individual electric meters. Units range from 19sqm to 35sqm with full occupancy at the time of the rent schedule, giving immediate income for a hands-on investor.
There is planning permission recorded for five self-contained flats (three one-bed, one studio in the main building and a two-bed at the rear). In practice the rear unit is being used as two separate one-bed units, so the current internal layout yields six lettable units. This creates short-term flexibility but also indicates potential formalisation or reconfiguration work if a purchaser prefers the approved scheme.
Buyers should be clear about material downsides: the property lies in a high flood-risk zone, within a neighbourhood classified as very deprived, and local crime levels are recorded as high. Broadband speeds are slow and mobile signal is average. These factors can limit rental demand or cap achievable rents without targeted investment and management.
The block is best suited to an investor prepared to carry out refurbishment and active management to drive rental uplift — there is potential to increase rents after upgrades and by aligning the layout with the approved planning. Essential considerations for any purchaser include flood mitigation costs, security and anti-social behaviour measures, and potential refurbishment to improve energy efficiency and broadband connectivity.
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