Four-flat freehold near promenade with rental income and clear renovation upside.
- Freehold Victorian semi-detached arranged as four self-contained flats
- Two flats currently let: Flat 2 (£500pcm) and Flat 3 (£600pcm)
- Roof reported in poor condition; repair works required
- Overall property needs full renovation and EPC improvements
- Located ~10-minute walk to town centre and close to promenade
- High local crime and very deprived area may affect demand
- Sold at auction — immediate deposit, buyer’s premium and fees apply
- Council Tax Band A for all flats; fast broadband and excellent mobile signal
A freehold, Victorian semi-detached building arranged as four self-contained flats, located a short walk from Southport promenade and the town centre. Two flats already let (Flat 2 at £500pcm; Flat 3 at £600pcm), providing immediate rental income while the remaining units offer refurbishment upside.
The property requires significant work: the roof is reported to be in poor repair and the building needs renovation throughout. EPC ratings are low (F/E/D/E across flats) and the area scores high for crime and deprivation, which will affect tenant mix and yields. Please review the legal pack for auction fees, administration charges and disbursements before bidding.
This lot is suited to experienced investors or developers comfortable buying at auction and managing refurbishment. The freehold, decent plot size and proximity to the promenade and transport links to Liverpool, Ormskirk and Preston create clear repositioning potential once repairs and upgrades are completed.
Buyers must be auction-ready: the sale is legally binding on exchange, with immediate deposit, buyer’s premium and administration fees payable. Inspect the property and legal documents carefully, and allow budget for roof works, general refurbishment and energy-efficiency improvements.
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