Reads Avenue, Blackpool FY1
- PROPERTY TYPE
Apartment
- BEDROOMS
8
- BATHROOMS
6
- SIZE
2,336 sq ft
217 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Investment opportunity
- Over 17% potential rental yield once renovated
- Block of 6 Apartments
- Chain free
- Basement
- Parking for multiple vehicles
- Central Blackpool location
- Achievable Annual ERI of £30,600 per annum
Description
Once fully renovated, the block is estimated to achieve a combined rental income of approximately £2,550 PCM (£30,600 per annum), representing an impressive gross yield of around 17% based on the asking price.
The apartments have already undergone partial renovation works, providing investors with a valuable head start and reducing the time and capital required to bring the building to a lettable standard. With significant scope to add value and create a strong income-producing asset, the property offers excellent potential for both experienced landlords and developers alike.
Ground Floor Rear Flat:
29 Square metres
EPC - C
Estimated rental income:£400 pcm
GF One-bedroom apartment, comprising a kitchen/diner, reception room, double bedroom and bathroom with bath.
FLAT 1:
38 Square Metres
EPC - D
Estimated rental income:£400 pcm
GF One-bedroom apartment, comprising a kitchen and reception room, double bedroom and bathroom with shower.
Flat 2:
41 Square Metres
EPC - C
Estimated rental income:£550 pcm
First floor two-bedroom apartment, comprising a kitchen and reception room, two double bedrooms and bathroom with bath.
Flat 3:
28 Square Metres
EPC - C
Estimated rental income:£350 pcm
First floor studio apartment, comprising an open plan kitchen, reception room and bedroom space with a bathroom with shower.
Flat 4:
14 Square metres
EPC - C
Estimated rental income:£300 pcm
Second floor studio apartment, comprising an open plan kitchen, reception and bedroom space with a bathroom with shower.
Flat 5:
37 Square Metres
EPC - D
Estimated rental income:£550 pcm
Second floor two-bedroom apartment, comprising a kitchen with reception space, two double bedrooms, shower room and separate WC
Location:
- Based in FY1, Blackpool Centre close to all local amenities
- Less than 10 minutes walk from Blackpool Promenade
- Less than 8 minutes walk from Houndshill Shopping Centre
- Just 4 minutes drive from Stanley Park
- 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: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- 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
Reads Avenue, Blackpool FY1
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Visit our security centre to find out moreDisclaimer - Property reference 100579008691. 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 Martin & Co, Blackpool. 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.
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