Summary - First Floor Flat Rear 2, 35 Bethesda Road FY1 5DT
5 bed 1 bath Block of Apartments
Affordable income-producing property for hands-on investors seeking value uplift.
Five self-contained flats generating £23,399.88 per annum.
Central location close to town centre and Promenade.
Small overall floorspace reported (approx. 345 sq ft).
Mixed EPCs across units (ratings D–E); potential upgrade costs.
High local crime and very deprived area — increased risk factors.
No ASTs sighted; buyers must verify tenancies and meters.
Auction sale: 5% deposit plus buyers’ fee (4.8%, min £6,000).
Scope to increase rents with refurbishment and active management.
This freehold block of five self-contained flats in central Blackpool is offered at auction with a current gross income of £23,399.88 pa. The property is close to the town centre, Promenade and local amenities, giving ready tenant demand and potential for rent uplift with active management or minor investment.
The building is Victorian, end-terrace with small overall floorspace (approx. 345 sq ft reported) and mixed EPC ratings (D–E). Heating is gas boiler/radiators; utilities are understood to be separately metered but buyers must verify tenancy and service arrangements in the legal pack. The asset suits a hands-on investor targeting short-term returns from existing cashflow and medium-term uplift via refurbishment and rent re-banding.
Material risks are clear: the area records very high crime and high deprivation, which will affect void risk, tenant profiles and insurance costs. The auction sale is unconditional at exchange with a 5% deposit and a buyers’ fee (4.8% min. £6,000 inc. VAT) — read the legal pack carefully before bidding. Prospective purchasers should carry out full inspections and tenancy checks; no ASTs were sighted by the auctioneer.
Overall this is an affordable, small-scale investment with immediate income and scope to increase rents, but it requires active management, potential refurbishment and careful due diligence given location and variable EPCs.
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