3 bedroom block of apartments for sale
Durham Avenue, Lytham St. Annes, Lancashire, FY8
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
3
- BATHROOMS
3
- SIZE
Ask agent
Key features
- Three fully let flats on one title, delivering immediate income from day one
- Strong gross yield of 8.14%, outperforming typical residential investments
- Long term tenants in situ with benefit-assisted income for added stability
- Priced below 2025 lender valuation (£183,000) offering instant equity upside
- Flexible tenancy structure
- Exceptionally long lease (885 year)
Description
Guide Price: £170,000
Three Self-Contained Flats | Tenants in Situ | Strong Yield with Asset Upside
An attractive residential investment opportunity comprising three self-contained flats held on a single title, located in the established rental area of Lytham St Annes (FY8). The property is offered with tenants in situ, providing immediate income and long-term investment security.
Property Composition & Income
Flat 1 - One-Bedroom Flat: £476 pcm
Flat 2 - One-Bedroom Flat: £412 pcm
Flat 3 - Studio Flat: £266 pcm
Total Monthly Income: £1,154 pcm
Total Annual Income: £13,848 pa
Configuration:
2 × One-bedroom flats
1 × Studio flat
All units held on one title
Tenancy Profile & Security
All flats are occupied by long-term tenants (5+ years)
Tenants are benefit-assisted in one form or another, offering dependable rental continuity
No historic tenancy issues
Break clauses included within the tenancy agreements, providing flexibility for future management or asset repositioning
Sold with tenants in situ, ensuring income from completion
This setup is ideal for investors seeking stable, low-turnover income with optional flexibility built into the leases.
Tenure Information
Leasehold
Approximately 885 years remaining
Ground Rent: £7.65 per annum (nominal)
Valuation & Pricing
Paragon Bank valuation (2025): £183,000
Asking Price: £170,000
Gross Annual Income: £13,848
Gross Yield: circa 8.18%
LET PURE INVESTOR TAKE THE STRAIN AWAY .....
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.
Fully managed lettings and property management service
Comprehensive coverage throughout England and Wales
One team, one fee across your full portfolio
Rental income protection available
Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: to find out more
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Durham Avenue, Lytham St. Annes, Lancashire, FY8
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference Durham-Ave-Lytham-St-Annes. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.