Summary - 23 PALATINE ROAD BLACKPOOL FY1 4BX
5 bed 3 bath Terraced
Income-producing Victorian terrace with established tenants and refurbishment upside.
Five bedrooms and three bathrooms; current long-term tenants in situ
Annual gross rental income £12,000 — immediate income stream
Headline gross yield ≈ 8.9% at asking price £135,000
Freehold Victorian terrace with bay windows and high ceilings
Small front forecourt and modest rear garden; limited outdoor space
Area shows high crime and very high deprivation — buyer risk factor
Slow broadband speeds; not suitable for high-bandwidth tenants without upgrade
Buyer’s premium applies; internal condition likely needs updating
A five-bedroom Victorian terrace on Palatine Road presented primarily as a buy-to-let opportunity. The property is freehold, currently occupied by long-term tenants producing a gross annual income of £12,000, making it immediately income-generating for investors seeking steady returns. The terrace retains period exterior features (bay windows, high ceilings) and offers both a small forecourt and a rear garden — compact but usable outdoor space.
Financially this purchase at £135,000 produces a strong headline gross yield (about 8.9%), which will attract investors focused on rental income or portfolio growth. The existing tenancy appears stable — tenants have remained for several years and are not planning to vacate — so expect a continuity of income but limited vacant possession options in the short term.
Be clear about constraints: the property sits in an area with high crime rates and very high deprivation indices, and broadband speeds are slow. The internal condition is not fully documented and the property will likely need updating or refurbishment to maximise rental value or to reposition for higher-yield tenants. A buyer’s premium applies to secure the sale, which is an additional transactional cost to factor into any purchase appraisal.
This is best suited to investors or developers who accept working in challenged urban locations and want immediate rental income with upside from refurbishment or portfolio-scale management. It is less suitable for buyers seeking low-crime family neighbourhoods, high-speed connectivity, or a turnkey owner-occupied home.
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