Flat , Lord Street, Southport
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Key features
- TO BE SOLD UNDER AUCTION TERMS
- GREAT BUY TO LET INVESTMENT
- HIGHLY DESIRABLE AREA
- HIGH YEILDING BUY TO LET
Description
TO BE SOLD BY ONLINE AUCTION ON 25TH – 26TH MARCH UNLESS SOLD PRIOR UNDER AUCTION TERMS.
Flat 71, 188 Lord Street, Southport, PR9 0QG
A well-positioned one-bedroom apartment located within a popular development in Southport, one of the town’s most desirable and well-known locations. The property sits within easy reach of an excellent range of local amenities including shops, cafes, restaurants, transport links and Southport’s seafront attractions, making it a convenient place to live and an attractive rental location.
The property is currently tenanted on a periodic tenancy agreement at £600 per calendar month, producing an annual rental income of £7,200. At the guide price of £60,000, this represents an approximate gross yield of 12%, offering a strong return for buy-to-let investors.
The apartment forms part of an established residential building and provides well-proportioned accommodation, making it well suited to the local rental market. With a tenant already in situ, this represents a ready-made investment opportunity with immediate income from day one.
Properties of this nature rarely come to the market with such an attractive yield, making it an excellent opportunity for both experienced landlords looking to expand their portfolio and first-time investors seeking an affordable entry point into the rental market.
Southport continues to be a popular rental area due to its coastal location, strong local amenities and good transport links to Liverpool and the surrounding areas, further supporting long-term rental demand.
Here are some similar sold properties taken from Land Registry that highlight the potential:
8, Brentwood Court, Southport, PR9 9JN -£105,000 Flat 1 Bed 0.59 mi
Flat 7, Poplar Bank, Leyland Road, Southport, PR9 0LB - £115,000 Flat 1 Bed 0.37 mi
Flat 17, Maritime Court, Promenade, Southport, PR8 1SP £88,000 Flat 1 Bed 0.35 mi
Tenant ready property values in the area are in the region of £650-£750pcm
- 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.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Flat , Lord Street, Southport
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Visit our security centre to find out moreDisclaimer - Property reference EM-166920. 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 Edward Mellor Ltd, Auction. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Edward Mellor Ltd, Auction on 0161 524 2443.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*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.
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