Summary - 50 GRASMERE ROAD BLACKPOOL FY1 5PQ
5 bed 1 bath Residential Development
Five-flat Victorian block with income and clear refurbishment potential near Blackpool town centre..
Five self-contained flats plus garage and front paved garden
A mid-terraced Victorian building in central Blackpool offered as a five-flat residential development with a garage and front paved garden. The property currently produces a stated annual income of £20,531.88 (individual flat rents and potential garage income listed) and is being sold by online auction with a starting bid of £135,000. Double glazing, card electric meters and fast broadband/mobile coverage are in place.
The block requires repair and updating: external brick deterioration, signs of damp and general dilapidation to windows and rear yard are noted. Interiors are small to medium rooms with basic shower facilities throughout; the building will suit a hands-on investor prepared to renovate, reconfigure or improve energy and heating arrangements (all flats currently have electric card meters).
Location is central and close to the town centre, amenities and multiple primary schools. However the immediate area is classified as very deprived with high crime levels and a transitional Eastern European neighbourhood profile — these factors will affect tenant demand, rent growth and management considerations.
This is a practical acquisition for a buyer seeking immediate rental income and scope for value-add refurbishment, conversion or improved management. Important sale facts: freehold tenure, auction sale, viewing recommended, and annual income figures are vendor-stated.
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