Auction lot with immediate rental income potential and refurbishment scope.
7 self-contained units configured as an HMO
A substantial Victorian terrace in central Fleetwood, currently arranged as a seven‑unit HMO with one occupied ground‑floor self‑contained flat producing £368.33pcm. The building offers immediate rental potential and flexible unit layouts across three storeys plus a basement, with rear yard access and a modest front yard.
This is a forward‑working investment opportunity for an experienced landlord or developer prepared to manage HMO compliance and refurbishment. The property has uPVC double glazing and electric heating but will require updating in parts; some rooms are compact and several communal facilities are shared. The area is very deprived with high recorded crime, which affects tenant demand and management costs.
Sale is by online auction on conditional or unconditional terms. Buyers must allow for auction fees, a 5% non‑refundable contract deposit on exchange, and a reservation fee (up to 6% inc. VAT, minimum £6,000). Legal and AML checks apply — obtain and review the legal pack before bidding.
For the right purchaser this freehold offers large overall floor space (approximately 1,774 sq ft), HMO income foundations, and scope to refurbish, reconfigure or continue HMO use. Proximity to local shops, schools and transport links supports lettings, but factor in ongoing management, refurbishment costs and the local market conditions.
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