2 × 1-bed flat + 2 × 2-bed flat · FY1 4DG
For saleListed 121 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated within the popular Central area of Blackpool (FY1), this substantial freehold property presents an exceptional investment opportunity.
Arranged over three floors plus a basement and currently informally configured as six self-contained apartments (subject to the necessary planning consents and selective licensing requirements), the accommodation comprises two studio apartments, two one-bedroom apartments, and two two-bedroom apartments.
Once fully renovated, the block is estimated to achieve a combined rental income of approximately £2,550 PCM (£30,600 per annum), representing an impressive gross yield of around 17% based on the asking price.
The apartments have already undergone partial renovation works, providing investors with a valuable head start and reducing the time and capital required to bring the building to a lettable standard.
With significant scope to add value and create a strong income-producing asset, the property offers excellent potential for both experienced landlords and developers alike.
Ground Floor Rear Flat: 29 Square metres EPC - C Estimated rental income:£400 pcm GF One-bedroom apartment, comprising a kitchen/diner, reception room, double bedroom and bathroom with bath.
FLAT 1: 38 Square Metres EPC - D Estimated rental income:£400 pcm GF One-bedroom apartment, comprising a kitchen and reception room, double bedroom and bathroom with shower.
Flat 2: 41 Square Metres EPC - C Estimated rental income:£550 pcm First floor two-bedroom apartment, comprising a kitchen and reception room, two double bedrooms and bathroom with bath.
Flat 3: 28 Square Metres EPC - C Estimated rental income:£350 pcm First floor studio apartment, comprising an open plan kitchen, reception room and bedroom space with a bathroom with shower.
Flat 4: 14 Square metres EPC - C Estimated rental income:£300 pcm Second floor studio apartment, comprising an open plan kitchen, reception and bedroom space with a bathroom with shower.
Flat 5: 37 Square Metres EPC - D Estimated rental income:£550 pcm Second floor two-bedroom apartment, comprising a kitchen with reception space, two double bedrooms, shower room and separate WC Location: - Based in FY1, Blackpool Centre close to all local amenities - Less than 10 minutes walk from Blackpool Promenade - Less than 8 minutes walk from Houndshill Shopping Centre - Just 4 minutes drive from Stanley Park
Value & comps
No previous sales on record.
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 asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Area
Agent & docs
FAQ
About Reads Avenue, Blackpool FY1
Explore nearby
