Low-start auction lot: two flats near Blackpool promenade, income-producing but in need of refurbishment..
Freehold block: two flats across three floors with separate entrances
Two self-contained flats arranged across three floors, offered freehold and with separate entrances, make this a compact buy-to-let opportunity close to Blackpool’s promenade. The block currently produces £9,880 pa and will be sold at online auction with a low starting bid, appealing to investors seeking immediate rental income and short-term upside through refurbishment.
The building is a Victorian mid-terrace constructed c.1900–1929 with solid brick walls and double glazing; heating is by electric room heaters and the EPCs are rated E. Expect some remedial work: properties of this age typically need modernisation and insulation upgrades, and the listing notes the flats require renovation to reach higher rents or sale values.
Location is a principal draw — a short walk to the busy seafront and local amenities — but the area scores as very deprived with very high crime levels, and nearby social conditions reflect constrained rental demand. Broadband and mobile signal are adequate for tenants, and flood risk is low.
This lot suits a hands-on investor or a buyer comfortable with auction purchase mechanics and additional upfront costs (deposit and buyer’s premium). Review the legal pack carefully and budget for refurbishment, heating upgrades, and potential insulation or structural surveys before bidding.