Summary - The Bungalow, 460 Lytham Road, BLACKPOOL FY4 1JQ
1 bed 1 bath Block of Apartments
Income-producing freehold with refurbishment upside in South Shore location.
9 self-contained flats: 5 x 1-bed and 4 x 2-bed
Established rent roll £50,572 per annum, tenants in place
Freehold with individual electricity and water meters
Parking for nine cars; small rear garden and front garden
Most tenants billed direct for utilities and council tax
Detached flat with private entrance offers flexibility
Located in a deprived area; tenant profile may reflect this
Viewing recommended; scope for rental uplift and refurbishment
A three-storey, Victorian block of nine self-contained apartments offered as a freehold investment opportunity on Lytham Road, South Shore. The property comprises five 1-bed and four 2-bed flats, many with private entrances, period features and generous room proportions. The block benefits from nine off-street parking spaces, a small garden and individual metering for electricity and water, with tenants billed directly.
The current rent roll totals £50,572 per annum, providing an established income stream with scope for uplift. Most apartments are let to long-standing tenants, and several flats have potential for rental increases or refurbishment-driven value enhancement. Flat 9 is detached with its own entrance, offering flexibility in management or conversion decisions.
Practical advantages include freehold ownership, excellent mobile signal and fast broadband. Notable considerations: the property sits in a generally deprived area and is classified locally as communal retirement/aspiring urban households, which may affect tenant profiles and management needs. The shared drive also provides access to a neighbouring house not included in the sale.
Viewing is recommended for investors seeking an income-producing block with refurbishment upside and straightforward tenant billing arrangements. Purchasers should allow for ongoing management, possible refurbishment works, and local market influences when assessing long-term returns.
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