Summary - Flat 3, 2 Lonsdale Road FY1 6EE
1 bed 1 bath Flat
Low-price studio near Blackpool promenade — renovation project with strong rental upside..
Potential 20% rental yield after renovation
A compact one-bedroom studio offered as a renovation project in central Blackpool, a short distance from the promenade and local transport links. The flat is offered freehold and sold via the Modern Method of Auction, with a stated potential rental yield of around 20% once refurbished. Current condition is poor: the apartment needs full modernisation, there are signs of damp in the kitchen area, and heating is by electric room heaters only.
This is best suited to an investor or experienced developer looking for a low-entry purchase price with clear upside after works. Buyers should factor in the auction costs and mandatory fees: a Buyer Information Pack (£300 inc VAT) and a non-refundable Reservation Fee of 4.5% of the purchase price (minimum £6,600 inc VAT) paid in addition to the price. Optional recommended services may incur additional fees (up to £450).
Location offers easy access to amenities, bus routes and the seafront, but note the property sits in a very deprived area with very high local crime levels. Structural specifics are limited: the building dates from 1900–1929, has cavity walls likely without insulation, double glazing of unknown age, and basic electric heating. Buyers should commission a full survey and consult lenders before bidding at auction.
For a buyer prepared to invest in repairs and modernisation, this flat presents a low-cost entry with rental potential. For those seeking a ready-to-live-in home, the current condition and auction charges make it unsuitable without significant work and additional costs.
2 bedroom flat for sale in Flat 6, 203 Dickson Road, Blackpool FY1 2HQ, FY1 — £10,000 • 2 bed • 1 bath • 536 ft²
5 bedroom block of apartments for sale in 33 Bethesda Road, Blackpool, Lanarkshire FY1 5DT, FY1 — £150,000 • 5 bed • 1 bath
Property for sale in 227 Promenade, Blackpool, Lancashire, FY1 5DL, FY1 — £35,000 • 1 bed • 1 bath
4 bedroom end of terrace house for sale in Yates Street, Blackpool, FY1 — £75,000 • 4 bed • 4 bath
Land for sale in Dickson Road, Blackpool, Lancashire, FY1 2HQ, FY1 — £15,000 • 1 bed • 1 bath
Block of apartments for sale in 21 Dale Street, Blackpool, Lancashire FY1 5BY, FY1 — £75,000 • 1 bed • 1 bath
