Summary - 35, Cheltenham Road FY1 2PS
5 bed 5 bath Block of Apartments
Freehold five-flat block with immediate income and refurbishment potential in Blackpool FY1..
- Freehold five self-contained one-bed flats (5 beds, 5 baths total)
- Current rental income £13,000 pa; 3 of 5 flats let
- Two flats vacant and available for immediate re-letting or refurbishment
- Solid brick walls with no assumed insulation; poor energy efficiency
- Heating by electric room heaters; may need system upgrade
- Property requires internal modernisation and remedial works
- Off-street parking for two vehicles and private rear yard
- Located in very deprived area with very high local crime rates
A five-flat mid-terraced block on Cheltenham Road offering an immediate rental footprint and freehold ownership. Three of the one-bedroom flats are let, producing a reported current income of £13,000 per annum, while two flats are vacant and ready for re-letting or refurbishment. The building dates from the 1930–1949 period and retains period exterior character, with off-street parking for two vehicles and a private rear yard.
The block requires modernisation: many internal rooms show wear, heating is by electric room heaters and the solid-brick walls have no assumed insulation, so energy efficiency and tenant comfort are likely below modern standards. Double glazing was installed after 2002. The property sits in a very deprived area with very high local crime rates and constrained local demand, which will affect lettings, rents and long-term capital growth.
This is a clear investor/refurbishment opportunity for someone able to manage works and tenant turnover. With two vacant flats, there is scope to increase rental income quickly after upgrades; alternatively an investor could refurbish multiple flats to improve yields and energy performance. Be prepared for ongoing management and safety compliance given the rental mix and local market conditions.
Block of apartments for sale in 8 Cocker Street, Blackpool, FY1 1SF, FY1 — £230,000 • 1 bed • 1 bath
4 bedroom block of apartments for sale in Central Drive, Blackpool, FY1 — £140,000 • 4 bed • 3 bath • 1938 ft²
6 bedroom flat for sale in Westmorland Avenue, Blackpool, FY1 — £179,950 • 6 bed • 5 bath • 1082 ft²
3 bedroom block of apartments for sale in Clifford Road, Blackpool, Lancashire, FY1 — £105,000 • 3 bed • 2 bath • 700 ft²
Block of apartments for sale in 32 Warbreck Drive, Blackpool, Lancashire FY2 9RZ, FY2 — £110,000 • 1 bed • 1 bath • 3229 ft²
