Summary - 59 ST ALBANS ROAD LYTHAM ST ANNES FY8 1TG
1 bed 1 bath Residential Development
Turn-key multi-let block with income and recent safety upgrades.
Five self-contained one-bedroom flats generating £27,480 pa gross
A five-flat residential investment building in Lytham St Annes, offered with current gross rental income of £27,480 per annum. The late-Victorian red-brick property is newly renovated in parts: flats 1, 3, 4 and 5 have new kitchens, bathrooms, carpets and decoration. The owner reports full rewiring, up-to-date electrical safety certificates, emergency lighting and fire-safety equipment, plus recent roof, gutter and repointing works.
Accommodation comprises five self-contained one-bedroom flats across ground, first and second floors; flat 5 has some restricted head height but previously had planning permission to convert to a two-bedroom unit (buyers should verify with Fylde Borough Council). There is off-street parking to the front and a rear yard, which supports tenant convenience and turnover.
This lot suits an investor seeking a turn-key, multi-let block with immediate income and reduced short-term capital works: many major safety and communal repairs appear addressed. Important negatives: the property sits in a very deprived area with high local crime levels and “hampered aspiration / constrained renters” classifications, which can limit capital growth and affect management costs and tenant risk. Tenure is unknown and should be confirmed prior to exchange.
Internal viewings are recommended to check room sizes and restricted headroom in the top floor flat, and to validate condition of flats not recently updated. Prospective buyers should confirm planning history, current tenancy agreements and service/certification documentation during due diligence.
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