Summary - 54 PARK ROAD BLACKPOOL FY1 4HT
1 bed 1 bath Not Specified
Four self-contained flats in central Blackpool — strong yield, needs modernisation..
Draws £31,800 annual rental income (stated)
This substantial mid-terraced Victorian building is arranged as four self-contained one-bed flats, currently drawing a reported £31,800 per year. At a guide price of £240,000 and offered via online auction, the block presents a strong headline rental yield for buyers targeting central Blackpool accommodation close to the Winter Gardens and town centre.
The property will suit investors seeking an income asset with immediate lettings history and short-term upside through refurbishment. The building shows visible age: dated exterior, likely maintenance needs and possible damp issues are noted. Tenure is unknown and the vendor’s sale was a retirement sale — the property has not been inspected, so buyers should allow for unseen repairs and survey costs.
Location strengths include proximity to major entertainments, fast broadband and excellent mobile signal which support lettings to city-centre renters and short-stay visitors. Drawbacks that materially affect investor due diligence: the area is very deprived with very high crime levels, the rear courtyard and external fabric require maintenance, and the property will be sold at auction under standard T&Cs.
Practical points for purchasers: there is a small garden and compact driveway, flooding risk is low, and the building offers potential for value-add through modernization or staged refurbishment. Budget for refurbishment, confirm tenure, and commission a full inspection and gas/electrical checks before bidding.
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