Summary - 375 CENTRAL DRIVE BLACKPOOL FY1 5JN
4 bed 3 bath Block of Apartments
Three self-contained flats in central Blackpool — immediate income, refurbishment needed.
Freehold three-flat block — immediate rental income potential
A three-flat mid-terraced block in central Blackpool, offered freehold with tenants in situ — a clear buy-to-let entry at offers over £140,000. The building dates from c.1900–1929 and retains period external features; internal spaces are average-sized across a combined 1,938 sq ft. Each flat has separate utility meters and the block currently returns immediate rental income.
Flat mix: one one-bed, one two-bed and one open-plan one-bed. Flats 1 and 2 share access to a small enclosed rear yard; on-street parking and a small walled forecourt sit to the front. The property has double glazing (install date unknown) and an EPC C. Heating runs on electric-fed boiler and radiators; main fuel is electricity.
Material positives include central location close to town centre, transport links and local amenities, plus separate meters and tenants in place for immediate cashflow. Notable concerns: the area records very high crime levels and very high deprivation, which will affect demand and management costs. Exterior shows some roof damage potential and the interiors will likely need modernisation and ongoing maintenance.
This is a pragmatic purchase for an investor who understands higher-yield, higher-management urban stock. Expect refurbishment works and active tenant management to improve rental value and capital growth; the block suits a hands-on landlord or portfolio buyer targeting central Blackpool rental demand.
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