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5 bed end of terrace house
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Our Summary
- A blank canvas for the incoming landlord to select their own tenant at full market rent
- 0% gross yield when fully let – £19,800 per annum; two sitting tenants providing £12,600 per annum from day one; newly vacant two-bedroom apartment offering instant uplift to full income; diversified income – three tenancies under one roof reduces void risk; sought-after Lytham St Annes location with proven, year-round rental demand
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Description
The property is a large end-terrace building arranged as three self-contained apartments. The ground floor apartment is a two-bedroom unit let to a sitting tenant for £550 per month, while the first floor apartment is a two-bedroom unit that is ready for re-letting at an expected £600 per month. The top floor apartment is a one-bedroom unit let to a sitting tenant for £500 per month.
All three apartments are relatively modest in terms of energy efficiency, with EPC ratings of C or D. The building is located on St Albans Road in Lytham St Annes, a coastal town with a strong and consistent rental market.