Summary - 8 LEEDS ROAD BLACKPOOL FY1 4HQ
4 bed 2 bath Block of Apartments
**Standout Features:**
- Two 2-bedroom flats in a Victorian end-terrace building
- Projected income of approximately £14,000 PA post-renovation
- Ground floor flat vacant; first floor flat rented at £500 PCM
- Walking distance to Stanley Park and Blackpool Victoria Hospital
- Viewings available in-person or via a 360 virtual tour
- Auction starting bid at £80,000, with flexible renovation potential
**Summary:**
This Victorian end-terrace property is an appealing investment opportunity, comprising two spacious 2-bedroom flats, ideally located near Stanley Park and Blackpool Victoria Hospital—perfect for attracting healthcare professionals as tenants. The ground floor flat is currently vacant and partially modernized, providing an excellent canvas for improvements that could yield a monthly rental of around £600. The first-floor flat is tenanted, generating consistent income but also requiring updates for potential rent increases.
This property is realistically priced at £80,000, with a projected annual income of approximately £14,000 once renovations are completed. Both flats have room for personalization and growth, making it an exciting prospect for first-time buyers or investors. However, it's important to note that improvement works are needed; there are reports of damp and a high crime rate in the area. Characteristics such as a small yard and a convenient location enhance the potential for a comfortable living space, but buyers should be prepared for renovation efforts. Given the property's location and potential, it's best to act quickly to secure this opportunity, with viewings conveniently available now.
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