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5 bedroom terraced house for sale
Central Drive, Blackpool, Lancashire, FY1
£159,950
Central Drive, Blackpool, Lancashire, FY1
£159,950
Our Summary
- CALL ALL SAVVY BLACKPOOL INVESTORS, A FANTATIC OPPORTUNITY TO SECURE A HIGH YEILD INVESTMENT PROPERTYExcellent Investment Opportunity
- This substantial property in central Blackpool offers a fantastic rental income and is ripe for further development
- 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
- *Refurbishment Opportunity: Refurbishment and updating can significantly increase rental yields and property value
- *Rental Growth Potential: The potential for rent increases in the future provides further opportunities for capital appreciation
Description
This fantastic investment opportunity in central Blackpool presents a substantial property converted into five self-contained one-bedroom apartments, offering a high yield potential. The apartments, while requiring some refurbishment and updating, provide spacious living and hold excellent potential for increased rental income, currently estimated at £27,000 per annum. With its prime location close to local attractions and amenities, the property is highly desirable for residents, and the current rental income is £360 per calendar month (periodic tenancy) for Flat 1, with potential rents of £450 per calendar month for the other apartments. This is a superb opportunity for savvy investors looking to capitalize on the thriving Blackpool rental market.