Tenants in place with immediate income and refurbishment upside.
Freehold portfolio of two self-contained flats
A compact investment portfolio of two self-contained flats in Boothroyden, Blackpool, offered with tenants in situ. The pair combine to three bedrooms across ground and first-floor flats, private front and rear gardens and on-street parking, and are sold freehold. The portfolio currently produces a gross rental income of £10,800 per year — around a 12% gross yield at the current asking price of £90,000.
The properties are traditional red-brick Victorian terraces with period features such as a bay-window living room and high ceilings. One flat is a one-bedroom ground-floor unit with a large lounge and modern three-piece bathroom; the first-floor flat has two bedrooms, an en-suite, open-plan lounge/kitchen and a further bathroom. Tenants are currently in place, making this suitable for buyers seeking immediate rental returns.
Buyers should note material negatives plainly: the local area is very deprived with very high recorded crime levels, and the street/area classification suggests constrained renter demand. The overall property size is small and parts appear dated — the flats will suit investors comfortable with maintenance or cosmetic refurbishment to sustain long-term lets and rental growth. A Buyers Premium will apply on sale.
This is a clear income-led opportunity for investors or developers targeting high-yield stock in Blackpool. The combination of existing tenancy, freehold title and private outdoor space gives straightforward letting potential, while refurb works could increase rental value or enable resale after improvement.
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