£159,950
5 bed terraced house for saleCentral Drive, Blackpool, Lancashire FY1
5 beds
5 baths
5 receptions
EPC Rating: C
About this property
*High Rental Income Potential: With a potential income of £27,000 per annum, this property offers a strong return on investment.
*Refurbishment Opportunity: Refurbishment and updating can significantly increase rental yields and property value.
*Central Location: Situated in central Blackpool, close to local attractions and amenities, ensuring high demand from tenants.
*Popular with Residents: Located in a popular residential area, providing a stable and consistent rental market.
*Spacious Apartments: Each apartment offers ample living space, allowing for comfortable living and attracting a wider range of tenants.
*Rental Growth Potential: The potential for rent increases in the future provides further opportunities for capital appreciation.
Excellent Investment Opportunity! This substantial property in central Blackpool offers a fantastic rental income and is ripe for further development. Converted into five self-contained one-bedroom apartments, this block is ideally located close to local attractions and amenities, making it highly desirable for residents. While the apartments require some refurbishment and updating, they offer spacious living and hold excellent potential for increased rental income, currently estimated at £27,000 per annum. This is a superb opportunity for investors looking to capitalise on the thriving Blackpool rental market.
Flat 1: £360 per calendar month (periodic tenancy)
Lounge: 4.32m x 3.60m
Bedroom: 4.16m x 2.76m
Kitchen: 4.0m x 2.17m
Bathroom: 3.2m x 1.63m
Flat 2: £100 per calendar month (fixed term contract ending 30/04/2025)
Flat 3: Potential Rent £450 pcm
Lounge/Kitchen: 4.2m x 2.9m
Bedroom: 3m x 1.8m
Shower Room
Flat 4: Potential Rent £450 pcm
Lounge/Kitchen: 3.3m x 3.3m
Bedroom: 4.2m x 2.9m
Shower Room: 2m x 1.2m
Flat 5: Potential Rent £450 pcm
Lounge/Kitchen: 5.5m x 2.2m
Bedroom: 2.5m x 2.3m
Shower Room: 1.8m x 1.2m
.png){kind=logo}