Summary - 42 NEWCASTLE AVENUE BLACKPOOL FY3 9DH
2 bed 1 bath Terraced
Immediate rental income with clear scope for value-adding refurbishment and portfolio growth.
- Two-bedroom Victorian mid-terrace with small front and rear gardens
- Currently let with long-term tenants; tenants do not intend to vacate
- Gross annual rental income £6,000 against asking price £98,000
- Freehold tenure; average overall size (775 sq ft) and traditional layout
- Obvious cosmetic and external repair needs: peeling paint, crumbling facade
- Area shows high crime and deprivation; neighbourhood risk to consider
- Very small plot and on-street parking only
- Excellent mobile signal and fast broadband; close to local amenities
A compact two-bedroom mid-terrace in Blackpool offered freehold and currently let to long-term tenants. The property produces a gross annual rental income of £6,000 against a guide price of £98,000, making it suitable for buy-to-let investors seeking an immediate income stream and potential capital uplift through refurbishment.
The house is a Victorian terrace with period features externally but requires cosmetic and structural attention internally and to the facade — peeling paint, crumbling render and dated fittings are evident. Accommodation includes two bedrooms, two reception rooms, a three-piece bathroom and a basic kitchen, plus small front and rear garden space and on-street parking.
Location benefits include proximity to local shops, transport links and a range of schools; mobile signal and broadband speeds are strong. Material considerations: the neighbourhood records higher crime and area deprivation levels, the plot is very small, and a buyer’s premium applies on sale. The current tenants wish to remain, which secures income but limits vacant-possession flexibility.
For investors this is a hands-on opportunity: immediate rental return with scope for added value through modernization and external repairs, but factor in refurbishment costs, tenancy terms, local market risks and the buyer’s premium when assessing purchase viability.
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