Summary - 77 WARBRECK DRIVE BLACKPOOL FY2 9RZ
1 bed 1 bath Not Specified
Value-add multi-flat in North Shore with clear income upside after renovation.
- Three self-contained tenanted flats generating £21,504 per year
- Potential uplift to ~£37,000 pa after top-floor conversion
- Planning permission exists for the three current flats only
- Top-floor needs full renovation; no current planning consent
- Period features: bay windows, high ceilings, large rooms
- Signs of damp and general maintenance required throughout
- Located in a high-crime, very deprived area; rental profile constrained
- Garage included; sold at auction — buyer due diligence essential
A substantial three-storey Victorian property in North Shore offered as an investment at auction. It currently comprises three self-contained, long-standing tenanted flats generating £21,504 pa, with a garage and strong rental demand from local tenants. The building’s bay windows, high ceilings and large rooms provide period charm and scope for conversion and uplift.
There is planning permission in place for the existing three flats, but the top-floor accommodation currently lacks planning consent and requires full renovation to become a two-bedroom flat. The vendor’s figures suggest rental income could rise substantially if the top floor is converted and other modernisations are carried out.
Buyers should note this is a high-crime, very deprived area with a local profile described as "hampered aspiration" and "constrained renters." The building shows signs of damp and general wear typical of older properties; some structural and maintenance works are likely. This investment suits a buyer prepared for refurbishment, tenant management and progressive capitalising on rental potential.
Sale at auction and the uncertain tenure status mean purchasers must perform their own due diligence on leases, planning and condition. For an investor seeking a value-add multi-let in Blackpool with clear scope to increase income, this property offers tangible upside alongside material refurbishment and locality risks.
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