Summary - 21, STATION ROAD PR4 2AS
1 bed 1 bath Office
Ground-floor office plus let flat with uplift and conversion potential.
Vacant ground-floor office, 13 sq m (140 sq ft) with separate meter
Let two-bedroom flat generates £5,200 pa; uplift to £6,240 possible
Total current income £7,800 pa; clear uplift potential to ~£8,840 pa
Freehold mid-terrace Victorian with ginnel rear yard and external toilet
Small rooms and dated interiors — requires modernisation or refurbishment
High local crime rate — may affect tenant demand and screening
Excellent mobile signal and fast broadband; convenient town-centre location
Potential to convert back into a single residential dwelling in future
This Victorian mid-terrace on Station Road offers a compact mixed-use holding in Kirkham, with immediate rental income and short-term uplift potential. The ground-floor office (approx. 13 sq m / 140 sq ft) is vacant and separately metered; the self-contained two-bedroom flat is let to a long-standing tenant. Both parts are on a small plot with ginnel access to a rear yard and an external toilet for the office.
The property suits an investor seeking a hands-on asset: current combined income is £7,800 per year with identifiable scope to increase the flat rent to around £6,240 and improve yields. Services are in place separately for the office and flat; the flat benefits from gas central heating. The freehold tenure and city/major town location beside local shops and Morrisons add convenience and long-term demand.
Defects and constraints are straightforward. Rooms are small and the office and flat are dated, requiring modernisation to achieve rental growth or to convert back to a single residential dwelling. The immediate area records higher crime levels, which may affect tenant screening and lettings. Broadband and mobile signal are strong.
Overall, the building is a low-cost entry for an investor or developer prepared to refurbish, reconfigure, or convert. It offers a quick rental return now and simple measures (refurbishment, re-letting) to increase income or reposition as a single residence in future.
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