Summary - 2 Balmoral Terrace, ., Fleetwood, Lancashire, FY7 6HG FY7 6HG
1 bed 1 bath Not Specified
High-yield, hands-on portfolio opportunity near seafront and transport.
Freehold block of four flats in central Fleetwood
A substantial Victorian freehold block arranged as four self-contained flats, offered at auction and presenting strong immediate rental income. The building currently produces £14,460 per annum from three let units, with a further advertised studio that would lift income to an estimated £18,660 per annum when fully let — representing a gross yield in the mid-to-high teens at the guide price. Its central Fleetwood location places shops, transport links and the seafront within easy reach, supporting steady tenant demand.
The property has period character — sash windows, high ceilings and original fireplaces — and clear refurbishment potential to increase rents further. Several flats are let on Assured Shorthold Tenancies with rents shown, while one unit is currently vacant and actively marketed. The block will suit a portfolio investor comfortable managing multiple tenancies and undertaking targeted upgrades to boost capital value and rental returns.
Buyers should note material negatives: the building requires maintenance, has not been inspected by the seller, and tenure details are not confirmed in the sale particulars. The area is classified as very deprived with very high local crime levels, which can affect re-letting risk and longer-term capital growth. The sale is by auction via secure online bidding and will be subject to auction terms and conditions.
This is a high-yield, hands-on investment opportunity: attractive income and upside for purchasers prepared to manage refurbishment, tenancy turnover and local market risk.
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