Summary - FLAT 4, 15, CASTLE WALK PR8 2AR
6 bed 6 bath Semi-Detached
Town-centre block with tenanted income and excellent commuter links.
- Six self-contained studio flats, each with ensuite facilities
- Being sold with tenants in situ; no immediate vacant possession
- Potential gross yield around 10% (depends on rents and occupancy)
- Newly renovated overall but some internal wear and isolated damp reported
- Heating via electric room heaters; higher running costs likely
- Cavity walls assumed uninsulated; energy improvement needed
- Small plot and total internal size; limited scope for extension
- Area records higher crime; factor into letting and insurance
A compact, six-unit building in central Southport offering immediate rental income and clear investment upside. The property is freehold and has been largely renovated, with each studio arranged as a self-contained living space — bedroom, bathroom and small reception — making it straightforward to manage or re-let.
The location is the primary draw: town-centre position within walking distance of shops, cafés and public transport, including direct rail links to Liverpool and Manchester. That connectivity supports a broad tenant pool of students, commuters and short-term occupiers, underpinning the advertised potential yield of around 10% (subject to occupancy and costs).
Buyers should weigh the practical drawbacks alongside the positives. The building is being sold with tenants in situ, which limits immediate vacant possession. Heating is by electric room heaters only; walls are cavity with assumed no insulation, and broadband speeds in the area are very slow. The neighbourhood records higher-than-average crime, and the plot and overall internal size are small, which will affect long-term repositioning or owner-occupation plans.
For investors seeking an income-producing, centrally located asset that requires limited upfront refurbishment, this property offers a clear, manageable opportunity. For those prioritising long-term refurbishment, energy efficiency upgrades and improved connectivity will be necessary investments to enhance value and tenant appeal.
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