4 bed block of flats for sale

Warbreck Drive, Blackpool FY2

For Sale by Online Auction with a Starting Bid of £100,000. Block of 4 Apartments - Below Market Value - Tenanted Income Approx. £18,500 pa - Lots of Scope for Review. See WebbMove for all the Auction Details.

For Sale by Online Auction with a Starting Bid of £100,000. Terms and Conditions Apply. See WebbMove for all the Auction Details.

High-Yield Investment Opportunity – Four Self-Contained Flats – Approx. 18% Gross Yield at Guide Price

A rare opportunity to acquire a substantial garden-fronted terraced property extending to approximately 1,700 sq ft, currently arranged as four self-contained flats, with full planning consent for use as four separate residential units. Offering immediate rental income and significant asset management potential, this is an excellent opportunity for investors seeking to add value.

The property is competitively priced for a prompt sale and currently generates a combined rental income of £18,568.68 per annum, representing an attractive approximate 18% gross yield based on the guide price. The current rents comprise:

Flat 1 – £398.84 pcm
Flat 2 – £350.87 pcm
Flat 3 – £398.84 pcm
Flat 4 – £398.84 pcm

The flats are occupied by long-term tenants, providing an established income stream from day one.

The building would benefit from a programme of refurbishment and modernisation, including electrical upgrades to enable the necessary Electrical Installation Condition Reports (EICRs) to be obtained. We understand Flat 4 has already undergone improvement works and is presented to a good standard, providing an indication of the standard that could be achieved throughout the remainder of the property.

With targeted investment, there is considerable scope to improve the accommodation, increase rental income in line with market levels and, in turn, enhance both the property's capital value and overall investment yield.

We understand the property falls within Blackpool's Selective Licensing Scheme and does not currently hold a licence. Prospective purchasers should satisfy themselves regarding the licensing requirements and any associated obligations.

Ideally situated on a main bus route, the property is just a short walk from Blackpool's picturesque Promenade and is conveniently located for a wide range of local amenities, including shops, supermarkets and other everyday conveniences.

An excellent opportunity for experienced landlords, developers and portfolio investors to acquire a fully let, income-producing multi-unit property with planning consent in place and substantial scope for future growth.

Entry 4' 1" x 4' 0" (1.24m x 1.22m)

communal hallway 17' 10" x 3' 11" (5.44m x 1.19m)

flat 1

lounge 12' 6" x 15' 10" (3.81m x 4.83m)

bedroom 11' 0" x 12' 8" (3.35m x 3.86m)

kitchen 11' 2" x 11' 3" (3.4m x 3.43m)

utility room 11' 3" x 12' 6" (3.43m x 3.81m)

bathroom 8' 10" x 3' 1" (2.69m x 0.94m)

first floor

flat 2

lounge/bedroom 17' 3" x 12' 10" (5.26m x 3.91m)

kitchen 5' 7" x 12' 8" (1.7m x 3.86m)

bathroom 4' 11" x 4' 11" (1.5m x 1.5m)

flat 3

lounge/bedroom 11' 3" x 12' 6" (3.43m x 3.81m)

kitchen 11' 3" x 4' 0" (3.43m x 1.22m)

bathroom 5' 2" x 4' 4" (1.57m x 1.32m)

second floor

flat 4

kitchen/lounge 13' 5" x 10' 10" (4.09m x 3.3m)

bedroom 16' 11" x 7' 10" (5.16m x 2.39m)

bathroom 6' 5" x 2' 4" (1.96m x 0.71m)

coverage broadband

We are advised that the property can obtain Fibre to the Cabinet (fttc)
Mobile data


We are advised that you are likely to have mobile coverage

We would suggest that you also make your own enquiries as to Mobile Data coverage

auction information This property is for sale by online auction under WebbMove Auctions ('The Auctioneer'). Lots sold by the Auctioneer will typically be sold under unconditional auction terms.

The auction end date for this property is scheduled for 10th August 2026. Please note some circumstances can cause this date to change, and it may close before the scheduled end date.

Upon acceptance of their bid, the winning bidder will be required to pay both a deposit and a buyer's premium within 24 hours. Typically, this will be 10% of the sale price and 4% plus VAT of the sale price (subject to a minimum of £4,000 plus VAT) respectively. The deposit will form part of the sale price on completion of the sale, the buyer's premium will be retained by The Auctioneer as a fee for their services.

Most properties can be viewed prior to the auction date either in person or through our virtual 360 tours and can be arranged via Tiger Sales and Lettings.

Prospective buyers will be required to register with The Auctioneer, upon doing this they will be able to download legal information and place bids. Visit the Auctioneer's website to register, in-line with anti-money laundering regulations, a prospective buyer's identity will have to be verified before a bid(s) can be placed.

For specifics relating to the auction/sale, a buyer should download and review the Legal Pack via The Auctioneer's website, paying special attention to the Special Conditions, the auctioneers' terms and conditions, and the RICS Common Auction Conditions. We recommend seeking the advice of a competent legal advisor before placing a bid.

Looking to sell by auction rather than buy? Get in touch for your free valuation! You never know, your property may be worth more than you think.

WebbMove Auctions is a trading name of Tiger Sales and Lettings Ltd.