Summary - PERCIVAL COURT FLAT 39 LORD STREET SOUTHPORT PR8 1QD
1 bed 1 bath Ground Flat
Ready-made investment or affordable retirement flat near shops and transport.
Tenant in situ paying £650 pcm — immediate rental income
Attractive rental yield relative to £50,000 asking price
Over‑55s development with communal lounge and laundry areas
Ground-floor, one-bedroom layout requiring interior updating
Leasehold: 87 years remaining; ground rent £135 pa
Electric storage heaters; not a gas-fired heating system
No flood risk; double glazing fitted (install date unknown)
Location: central Lord Street, but high crime and very deprived area
This ground-floor one-bedroom apartment sits within a purpose-built over-55s development on Lord Street, a central Southport location close to shops, bars and transport. It is sold with a tenant in situ paying £650 pcm, presenting immediate rental income and an attractive yield at the asking price.
The layout includes a large lounge, fitted kitchen, bathroom and a roomy hallway. The block provides communal sitting and laundry areas, and the flat benefits from double glazing and electric storage heating. The building dates from the 1980s and has been generally well maintained, though the flat itself offers clear scope for modernisation to improve comfort and capital value.
Practical details: the property is leasehold with 87 years remaining, a small ground rent (£135) and an EPC rating of C. There is no flood risk and broadband and mobile signals are strong. Prospective buyers should note the location scores high for crime and is in a very deprived area — factors that will influence both personal use and long-term capital growth.
This is best suited to investors seeking an immediate, low-management rental in a central seaside town or downsizers seeking an affordable, ground-floor retirement option willing to update the interior. The presence of an existing tenant means any purchaser must accept a tenancy in place at completion.
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