Summary - 97b Beach Road FY5 1EW
1 bed 1 bath Flat
Ground-floor one-bed near the promenade — tenant in place and strong estimated yield.
- Ground-floor one-bedroom flat, minutes from the promenade
- Sold with tenants in situ; immediate rental income potential
- Estimated gross yield circa 11% at asking price
- Leasehold with ~110 years remaining; small ground rent (£25)
- Annual service charge £1,531.50; one year paid by seller
- High flood risk and high local crime — affects insurance/resale
- Area classed as very deprived; resale demand may be constrained
- Compact size (approx 463 sq ft); may suit single occupancy
A ground-floor, one-bedroom flat close to Thornton Cleveleys promenade, offered with tenants in situ and an estimated gross yield of 11%. The flat has a separate lounge with a bay window, a compact modern kitchen, a double bedroom and a three-piece bathroom — practical accommodation for rental demand or a buy-to-let portfolio.
Practical lease and running costs support the investment case: a long lease (around 110 years remaining), low annual ground rent (£25) and a service charge of £1,531.50 (one year’s service charge paid by the seller). Council Tax is Band A, keeping ongoing occupant costs low.
Important risk factors: the property sits in an area with high flood risk, high local crime and marked deprivation — these affect tenant demand, insurance and resale. The building is mid-terrace from the 1930s–1940s with assumed cavity walls and no added insulation; some longer-term maintenance or efficiency improvements may be needed.
This is aimed at investors wanting immediate rental income from a seaside location. It’s sold with tenants in place, so expect limited vacant possession flexibility. Buyers should budget for insurance and possible fabric or energy-efficiency upgrades given construction era and local risk profile.
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