Summary - Charnley Road, Blackpool, FY1 4PE FY1 4PE
1 bed 1 bath Block of Apartments
Freehold eight-flat investment with garage and immediate rental income potential.
Eight self-contained one-bed flats producing over £41,000 pa income
Approximate gross yield reported at around 11%
Freehold block with large garage/lock-up included
Most flats have modern kitchens, shower rooms, UPVC glazing
Electric heating throughout; compact room sizes may limit rents
Located in very deprived area with very high crime levels
Described as a fixer-upper; external repairs and maintenance likely
No garden; Victorian external staircase and brickwork may need work
This four-storey Victorian terrace is arranged as eight self-contained one-bedroom flats, producing a reported annual rental income of over £41,000 and a gross yield around 11%. The freehold block includes a large garage/lock-up and benefits from UPVC double glazing and modern fitted kitchens and shower rooms in most units, supporting steady occupancy in a student-heavy rental market.
The property suits an investor seeking immediate income and portfolio scale in Blackpool city centre. Electric heating and compact room sizes keep maintenance straightforward, while excellent mobile signal and fast broadband appeal to tenants. Nearby amenities and several schools add letting demand variety, from students to local professionals.
Material considerations are clear: the building sits in a very deprived area with very high crime levels and is described as a fixer-upper in places, including external Victorian brickwork and multi-story access stairs that may need repair or renewal. No garden space is provided and internal rooms are small to medium—factor refurbishment costs and active management into projections.
Overall this is a high-yield, hands-on investment: strong current income and tenant demand are balanced by local social challenges and likely ongoing maintenance/upgrade requirements. It will suit an investor prepared to manage refurbishment, security measures, and tenant turnover to protect rental income and asset value.
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