Modern Method of Auction
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See how verdicts work5-bedroom terraced house · FY8 3BT
Sold STCReduced £20k (−12.5%) on 25 SepListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***chain free*** ***Being Sold via Modern Method of Auction*** Situated on Spring Gardens in Lytham St Annes, this impressive five-bedroom mid-terrace property offers a truly versatile living arrangement, currently configured as two separate apartments while remaining held on one title deed.
The property also benefits from two single garages and off-street parking to the rear.
The ground floor apartment is accessed via a front door which opens directly into the generous-sized lounge, providing a welcoming reception space.
From the lounge, you can move through into the hallway, which provides access to the master bedroom, family bathroom and kitchen.
The family bathroom is fully tiled and comprises a WC, wash basin and walk-in shower.
The well-maintained kitchen provides access to the second bedroom, while there is also access to a small rear yard, providing useful outside space.
The ground floor accommodation also benefits from access to one of the property’s two single garages.
The second apartment is accessed separately via its own entrance door and staircase, providing an excellent degree of separation from the ground floor accommodation.
On the first floor, there is a kitchen completed to a good standard, featuring built-in appliances including a dishwasher, electric hob, extractor fan, built-in oven and grill.
The kitchen also provides access to a useful utility room.
Also located on the first floor is a fantastic-sized family living room, finished in neutral tones and providing an ideal space for relaxing and entertaining guests. A WC completes this level.
Moving to the second floor, there are three further bedrooms.
The master bedroom is particularly impressive in size, while the second bedroom is also generously proportioned and benefits from built-in storage.
The third bedroom is again a good size and offers excellent flexibility, making an ideal third bedroom or home office.
The family bathroom on this level comprises a wash basin and walk-in shower, with plenty of useful storage.
To the rear, the property benefits from off-street parking and two single garages, providing valuable secure parking and storage.
Located in the popular coastal town of Lytham St Annes, the property is well positioned for access to a wide range of local amenities, including shops, supermarkets, cafés, restaurants and leisure facilities.
The beautiful Fylde coastline and promenade are also within easy reach, while the area is well served by local schools and everyday amenities.
Excellent transport links provide convenient access towards Lytham, St Annes, Blackpool and the wider Fylde area, with road links also providing access towards the M55 and surrounding towns and cities.
With its five bedrooms, two separate apartment-style living spaces, two garages, rear parking and single-title ownership, this is a particularly versatile property offering considerable potential for a range of buyers and uses.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 7, Spring Gardens, Lancashire
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