3 bedroom end of terrace house for sale

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3 bedroom end of terrace house for sale

Hornby Road, Blackpool FY1
£145,000

Our Summary

  • Available with vacant possession this property can generate a remarkable yield with scope to dramatically increase this lucrative return further by running as a short term let which there is significant demand for throughout the year in this area

Description

This exciting investment opportunity is a freehold end of terrace property located on Hornby Road in Blackpool, just a stone's throw from the promenade and popular attractions. The property comprises a three-bedroom duplex apartment with its own entrance, spacious terrace, and modern kitchen and bathroom, as well as a vast commercial unit with two reception rooms, a utility, and four toilet cubicles. With a gross rent of £16,200 and a net income of £16,200, the property offers a gross yield of 11.17% and a net yield of 11.17%. The property is perfectly situated to take advantage of the town's ambitious development plans, which are expected to attract 600,000 additional visitors a year and create new employment opportunities, increasing demand for rental properties like this one. With vacant possession available, investors have the opportunity to dramatically increase the property's lucrative return by running it as a short-term let, which is in high demand throughout the year.
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