Summary - 124, Palatine Road, BLACKPOOL FY1 4DS
1 bed 1 bath Commercial Property
Central terrace with clear rework and rental uplift potential for hands-on investors.
Five self-contained flats producing £23,160 annual rental income
A substantial mid-terraced Victorian property in central Blackpool, arranged as five self-contained flats producing £23,160 pa. The freehold includes four one-bedroom flats and one studio, each with individual prepaid meters and a Lawful Use Certificate (03/0581) confirming current residential use.
Positioned on Palatine Road close to the town centre, the building benefits from excellent mobile reception, fast broadband and immediate access to local amenities, colleges and hospitality venues. The flats are let on modest rents with potential for income improvement after targeted refurbishment and energy upgrades.
The building shows period character such as bay windows and high ceilings but requires maintenance in places — roof issues are noted and several units have electric heating and lower EPC ratings (D/E). The area is classified as very deprived with high local crime levels, which will affect tenant demand and management costs. Investors should factor in refurbishment costs, energy efficiency improvements and active management strategies to increase rents or reduce voids.
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