Guide price
£19,950
(£50/sq. ft)
1 bed flat for saleHandsworth Road, Blackpool FY1
1 bed
1 bath
1 reception
400 sq. ft
EPC Rating: D
About this property
For Sale by Online Auction
Spacious 400 sq. Ft. Ground Floor Flat
999-Year Lease From 26th October 1993
Just £25 Per Annum Ground Rent
Est. Rental £525 pcm (Once Refurbished)
Close to Amenities & Blackpool Town Centre
Rear Yard
No Chain
EPC Rating - D
Viewings Available in Person or via our 360 Virtual Tour
For Sale by Online Auction with a Starting Bid of £19,950. Terms and Conditions Apply. See WebbMove for all the Auction Details.
Ground Floor Investment Flat – High-Yield Opportunity
A spacious ground floor flat with a rear yard, offering an excellent refurbishment and rental investment opportunity, with an estimated rental income of £525 pcm and an impressive potential gross yield of approximately 30%.
This generously proportioned 400 sq ft ground floor flat benefits from a rear yard and is offered with no onward chain, making it an attractive proposition for investors looking for a straightforward purchase with strong rental potential.
The property benefits from a 999-year lease from 26th October 1993, with no management fees and a nominal £25 per annum ground rent. Following refurbishment, the property is estimated to achieve a rental income of around £525 per calendar month, providing an exceptional potential gross yield of approximately 30% based on the asking price and estimated rental income.
Its convenient location places it close to local amenities, the promenade and the town centre, making it well positioned for both rental demand and future capital growth. The town centre is also currently undergoing a multi-million-pound regeneration programme, adding further potential to the area's long-term appeal.
Communal hallway
living room 17' 9" x 8' 9" (5.41m x 2.67m)
inner hallway 15' 2" x 3' 2" (4.62m x 0.97m)
kitchen 6' 11" x 7' 10" (2.11m x 2.39m)
bathroom 8' 5" x 4' 7" (2.57m x 1.4m)
bedroom 10' 7" x 11' 1" (3.23m x 3.38m)
rear yard
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 21st September 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.
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More information
Tenure
Leasehold (966 years)
Service charge
Council tax band
A
Ground rent
£25
Ground rent date of next review



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