Summary -
20, Rosebank,THORNTON-CLEVELEYS,FY5 3FL
FY5 3FL
1 bed 1 bath Apartment
Low-maintenance investment with immediate rental income and private parking..
Turn-key buy-to-let with tenant in place at £595pcm
A compact, income-producing one-bedroom apartment offered at auction with a sitting tenant and immediate rental income. The property is an upper-floor flat in a well-kept purpose-built block, currently let at £595pcm, providing a strong gross yield of approximately 9.8% at the asking price of £73,000. Private off-street parking and a secure building add tenant appeal in this popular Thornton-Cleveleys residential area.
The accommodation is open-plan with a fitted kitchen, separate double bedroom and a bathroom with shower over bath. The apartment is modest in size (about 451sq ft) with some lower/sloped ceilings in the living area; it is presented for straightforward buy-to-let occupation rather than owner-occupation for space-conscious buyers. Broadband speeds are reported slow — a potential drawback for working-from-home tenants.
Leasehold details are favourable for an investment: 108 years remaining, annual service charge £880 (described as below average) and ground rent £200 per year. Important sale terms: this property is offered by Modern Method of Auction. Successful buyers should budget for the non-refundable reservation fee (4.5% of purchase price, minimum £6,600) and review the Buyer Information Pack before bidding.
Location strengths include private parking, good local amenities within walking distance (Thornton village c.800m), bus links (c.450m) and the Cleveleys seafront about 2km away. The block and communal grounds appear well maintained, making this a low-management, turn-key let for investors seeking immediate income and a high initial yield.
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