Ready-income three-flat block with approximate 7% yield and tenant continuity.
Freehold block of three self-contained 2-bed flats
This compact Victorian terrace has been converted into three self-contained two-bedroom flats, currently let and producing an approximate 7% gross yield. The freehold block sits in Southport town centre, minutes from the promenade and Lord Street, and benefits from solid tenant continuity — two tenants in place for over two years.
The building retains period character (bay windows, brickwork, high ceilings) and practical benefits: EPC C, fast broadband and excellent mobile signal. Each flat includes living room, kitchen and bathroom; the ground-floor unit has a private courtyard. The property is presented as a ready-to-run buy-to-let investment with immediate rental income.
Important considerations: the location records high crime and very high area deprivation, which can affect tenant profiles, demand and management costs. The property shows renovation potential and may need ongoing maintenance typical of older conversions — factor refurbishment and management expenditure into return calculations.
Overall this is a straightforward, cash-flowing block for investors seeking an entry-level freehold in a popular seaside town centre. It suits landlords wanting an income-producing asset with scope to add value through measured upgrades and active management.
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