Summary - 103 FLAT 1 MANCHESTER ROAD SOUTHPORT PR9 9BB
2 bed 1 bath Apartment
Return-focused lot with tenants in place and immediate rental income.
Ground-floor two-bedroom apartment with high ceilings and large rooms
A two-bedroom ground-floor apartment offered at auction, currently let and producing an immediate rental income of £895 pcm. The property sits in a small Victorian-style block on Manchester Road, just minutes from Southport town centre and local amenities. High ceilings and large reception rooms give genuine scope to reconfigure the layout — one reception could become a third bedroom to increase rental income.
The flat benefits from double glazing, gas central heating, off-street parking and access to a communal garden. With tenants in situ, this is a hands-off purchase for an investor seeking near-term cash flow; the current rent equates to a gross yield close to 9.8% on the guide price.
Buyers should note material negatives: the building shows signs of age and some damp/repair work is indicated, and broadband speeds in the area are slow. The property is in a very deprived area with a high local crime rate, which may affect tenant demand and long-term capital growth. Tenure is unknown and the sale will be conducted at auction — purchasers must carry out their own due diligence prior to bidding.
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