High-yield freehold block with off-street parking and clear refurbishment potential.
Four self-contained 2‑bedroom apartments in one freehold building
This substantial three‑storey freehold building contains four self-contained two‑bedroom apartments arranged for straightforward lettings. Internally the flats are presented with modern finishes and each unit offers the basic living spaces required for rental demand close to Blackpool town centre.
For an investor the property offers clear yield potential — advertised rental income is approximately £20,000 per year — plus two off‑street parking spaces, a helpful amenity in this central location. Tenure is freehold, simplifying management and future value decisions.
Buyers should weigh the positives against material drawbacks. The building has an EPC rating of D, electric storage heating and assumed solid brick walls with no known insulation; double glazing is present but install dates are unknown. The area records very high crime and very high deprivation, which will influence tenant profiles, management costs and rental assumptions.
This is suited to an investor or buyer seeking an income-producing property who is prepared to carry routine maintenance, review energy upgrades and manage lettings in a challenging urban market. Full surveys and verification of rental levels, refurbishment costs and running expenditure are recommended before offer.
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