Summary - 62 ST ALBANS ROAD LYTHAM ST ANNES FY8 1XD
5 bed 4 bath Terraced
Immediate cashflow portfolio for hands-on landlords and developers.
- Four self-contained flats currently producing £15,408 gross pa
- Indicated gross yield c.8.4% (rent £1,284 pcm referenced)
- Victorian three-storey terraced building with period bay windows
- Leasehold with c.750 years remaining
- Long-term tenants in situ for immediate income
- On-street parking only; no dedicated off-street parking
- Located in an area with high crime and significant deprivation
- No internal photos/floorplans provided; inspection advised
This terraced property on St Albans Road is presented as a four-flat portfolio with long-term tenants in situ, producing a current gross annual income of £15,408 (circa £1,284 pcm) and an indicated gross yield around 8.4% at the asking price. The building’s Victorian red-brick façade, three-storey layout and bay windows reflect period character that appeals to renters and adds street-level kerb appeal in Lytham St. Annes.
The asset is marketed specifically to investors and developers: it is leasehold with a very long term remaining (circa 750 years) and is income-producing on completion. Flats are described as having spacious lounges, modern kitchens and bathrooms, with tenants already occupying the units — a straightforward transition for a landlord seeking immediate cashflow.
Material considerations are factual and important. The property sits in an area with high crime statistics and significant local deprivation, and parking is on-street only. Marketing materials do not include internal photos or full floor plans, so purchasers should obtain the Let Property Pack, inspect interiors, verify tenancy agreements, and confirm actual room counts and condition before committing. A buyer’s premium applies to secure the purchase.
For a focused investor, this offers near-term rental income and longer-term upside through active management, refurbishment or reconfiguration. However, values and rental prospects will be influenced by the wider neighbourhood profile and any refurbishment costs identified on inspection.
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