42 Talbot Street, Southport, Merseyside, PR8

A compelling opportunity to acquire a well-located, fully let residential investment comprising a substantial double-fronted detached Victorian property, converted to provide six self-contained apartments.

The property produces a total passing rent of £50,640 per annum and comprises five 2-bedroom apartments and one 3-bedroom apartment. The asset benefits from established tenancies in place, providing immediate income from day one, with all tenants unaffected by the sale.

The building retains a number of attractive period features including bay windows, generous ceiling heights and a well-balanced symmetrical façade, giving strong kerb appeal within an established residential setting.

Internally, the apartments are well proportioned and offer practical, lettable accommodation suited to a broad tenant base including working professionals, couples and small families. Apartment sizes range from approximately 43 sqm to 88 sqm, providing a strong mix of unit types and enhancing tenant appeal. The overall specification is consistent and serviceable, offering a low-maintenance investment, while also presenting clear scope for future asset management through incremental refurbishment and rental growth.

The property further benefits from good energy efficiency credentials, with EPC ratings predominantly within the B to C range, reflecting well-maintained and upgraded accommodation.

This is supported by modern gas central heating systems and boilers, double glazed windows, insulated walls and floors, and energy-efficient lighting. These features contribute to lower running costs for tenants and enhance long term sustainability, while also aligning with current and anticipated regulatory standards for rental properties.

The property is held freehold but comprises six individual long leasehold titles, providing a highly flexible ownership structure. This allows an investor to benefit from control of a single block while retaining the ability to refinance efficiently or dispose of units individually in the future, subject to any necessary consents.

There is clear reversionary potential across a number of the units. Current rents appear modest when compared with local market levels, with comparable two-bedroom apartments typically achieving between £650 and £800+ pcm, and three-bedroom units achieving £850 to £1,000 pcm. This suggests potential to increase the overall income
to approximately £55,000 - £60,000+ per annum, subject to asset management.

Southport continues to demonstrate consistent rental demand, driven by its relative affordability compared to Liverpool and surrounding commuter locations, alongside strong local amenities, transport links and access to the coastline. Period conversions offering space and outdoor amenity remain particularly popular with tenants, supporting stable occupancy and long-term income performance.

In addition to its investment credentials, the property may also appeal to purchasers seeking longer-term flexibility, including potential future owner occupation, partial occupation or reconfiguration, subject to any necessary consents.

Externally

Off-street parking to the front
Communal rear garden for tenant use
Established and attractive residential surroundings