Compact ground-floor flat near Blackpool attractions; ideal for buy-to-let refurbishment..
Ground-floor one-bedroom flat, approx. 388 sq ft
A ground-floor one-bedroom flat just off Blackpool promenade, offered vacant and sold at auction. At about 388 sq ft, the property requires refurbishment throughout but has strong short-term rental potential thanks to its proximity to tourist attractions and the seafront.
The leasehold title carries a very long term (circa 984 years remaining). Heating is by electric room heaters and the building has double glazing of unknown age; walls are cavity with no added insulation — expect upgrade costs for modern comfort and energy performance. The property is being sold with immediate vacant possession and an EPC rating of E.
Practical considerations are significant: the building sits in a very deprived area with very high crime statistics, and the flat is described as derelict and in need of modernisation. The lot is sold via online auction with immediate deposit and fees payable on sale; purchasers must review the legal pack for administration fees (2.5% inc VAT, minimum £2,500) and any additional disbursements. Finance is available but buying at auction is a binding legal commitment.
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