Summary - 21, Palatine Road, BLACKPOOL FY1 4BX
6 bed 1 bath Commercial Property
Large former guest house with immediate rental income and refurbishment potential.
Long-term tenant in situ at £810 pcm
Freehold mid-terrace with Edwardian bay windows
Five upper-floor bedrooms plus ground-floor living/bedroom
Basement subdivided; requires extensive clearance of debris
Property needs general updating and renovation throughout
High local crime and very deprived area may affect demand
Rear yard, front garden and off-street parking included
Slow broadband despite excellent mobile signal
A substantial mid-terraced former guest house converted to residential use, this freehold property offers a large layout across multiple floors and a long-term tenant in place. The building retains Edwardian character with bay windows, a front garden, rear yard and off-street parking — practical assets for rental or short-term conversions. Services include mains gas boiler and radiators; EPC rated D.
The property is let on an assured shorthold tenancy at £810 pcm (tenant in situ since 2020), providing immediate income for an investor. Accommodation comprises 5 upper-floor bedrooms plus ground-floor living rooms and a ground-floor bedroom/office with sink and WC. Basement is subdivided into three spaces but contains construction debris and requires substantial clearance.
Important negatives: the building needs updating and renovation throughout, the basement requires extensive clearance, and the surrounding area records high crime and very high deprivation which may limit tenant profiles and resale premium. Broadband speeds are slow despite excellent mobile signal. These factors have been reflected in the current offer of £89,000.
This is a clear opportunity for a buyer prepared to invest in refurbishment or repositioning. Income is immediate from the existing tenant, the freehold and central location close to colleges and local amenities provide longer-term value if brought up to modern standards.
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