5 × 1-bed flat · FY8 1JE
Sold STCListed 212 days
Opportunity summary
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About
****FANTASTIC INVESTMENT OPPORTUNITY!!!**** BLOCK OF FIVE ONE BEDROOM APARTMENTS SET OVER THREE FLOORS WHICH ARE FULLY TENANTED AND ACHIEVING A GREAT RENTAL INCOME OF £31,320 PER ANNUM (11.39% YIELD) - CLOSE TO THE SEA FRONT, LOCAL SHOPS AND A SHORT DISTANCE FROM ST ANNES TOWN CENTRE, BARS, RESTAURANTS AND TRANSPORT LINKS - FLAT TWO BENEFITS FROM IT'S OWN PRIVATE ENTRANCE - OFF ROAD PARKING SPACES AT THE FRONT AND REAR - GARAGE TO THE REAR - COMMUNAL PATIO AREA**** Communal Entrance - Entrance gained via solid timber door which leads into; Communal Entrance Hallway - Large cupboard housing the electric meters, decorative coving, staircase leading to the first floor landing, door leading into; Entrance To Flat One - Solid timber door leading into; Entrance Vestibule - Fuse box, door leading into; Open Plan Kitchen / Lounge - 4.93m into the bay x 3.73m at widest point (16'2 i - Large UPVC double glazed walk in bay window to the front, entry phone, wall mounted electric fire, wall mounted electric storage heater, television and telephone points, range of wall and base units, laminate work surfaces, stainless steel sink and drainer, electric hob with overhead illuminated extractor hood, integrated 'Logik' electric oven, washing machine, fridge freezer, vinyl flooring, skirting boards, decorative coving.
Bedroom - 3.45m into the bay x 3.20m at widest point (11'4 - Double bedroom with large UPVC double glazed bay window to the rear, wall mounted electric storage heater, skirting boards, decorative coving, door leading into; En-Suite Shower Room - 1.96m x 0.97m (6'5 x 3'2) - Three piece white suite comprising of; shower cubicle with overhead electric shower,, WC and pedestal wash hand basin, fully tiled walls, vinyl flooring, extractor fan, coving.
First Floor Landing - Split level landing, decorative coving, skirting boards, staircase leading up to the second floor landing, doors leading to both first floor apartments.
Entrance To Flat Three - Located at the rear,solid timber door leading into; Hallway - Entry phone, fuse box, doors lead to the following rooms; Bedroom - 3.30m x 2.06m (10'10 x 6'9) - Double bedroom with UPVC double glazed opaque window to the side, wall mounted electric storage heater, skirting boards, door leading into; En-Suite Shower Room - 2.08m x 0.74m (6'10 x 2'5) - Three piece white suite comprising of; shower cubicle with overhead electric shower, WC and pedestal wash hand basin, fully tiled walls, vinyl flooring, extractor fan.
Open Plan Kitchen / Lounge - 4.09m x 3.07m (13'5 x 10'1) - Large UPVC double glazed window to the rear, wall mounted electric storage heater, television and telephone points, range of wall and base units, laminate work surfaces, tiled to splash backs, stainless steel sink and drainer, electric hob with overhead illuminated extractor hood, integrated 'Logik, electric oven, fridge freezer, vinyl flooring, skirting boards, coving.
Entrance To Flat Four - Located at the front, solid timber door leads into; Hallway - Fuse box, skirting boards, set of doors leading into; Open Plan Kitchen / Lounge - 5.18m at widest point x 5.03m into the bay (17' at - Large UPVC double glazed walk in bay window to the front, further UPVC double glazed window to the front, entry phone, wall mounted electric fire, wall mounted electric storage heater, television and telephone points, range of wall and base units, laminate work surfaces, stainless steel sink and drainer, electric hob with overhead illuminated extractor hood, integrated 'Logik' electric oven, fridge freezer, space for dining table and chairs, extractor fan, vinyl flooring, skirting boards, decorative coving, door leading into; Bedroom - 4.06m at widest point x 3.23m at widest point (13' - Double bedroom with UPVC double glazed window to the rear, wall mounted electric storage heater, skirting boards, decorative coving, door leading into; En-Suite Shower Room - 2.13m x 0.99m (7' x 3'3) - Three piece white suite comprising of; shower cubicle with overhead electric shower, WC and pedestal wash hand basin, fully tiled walls, vinyl flooring, extractor fan, decorative coving.
Second Floor Landing - Large Velux window to the rear, skirting boards, decorative coving, stairs leading up to entrance door for flat five.
Entrance To Flat Five - Solid timber door leads into; Hallway - Fuse box, skirting boards, doors to the following rooms; Bedroom - 3.28m x 2.54m (10'9 x 8'4) - Double bedroom with UPVC double glazed window to the side, wall mounted electric storage heater, skirting boards, door leading into; En-Suite Shower Room - 3.00m x 0.97m (9'10 x 3'2) - Three piece white suite comprising of; shower cubicle with overhead electric shower, WC and pedestal wash hand basin, fully tiled walls, vinyl flooring, extractor fan.
Open Plan Kitchen / Lounge - 5.23m at widest x 4.11m (17'2 at widest x 13'6) - Large UPVC double glazed window to the front, velux window to the front, entry phone, wall mounted electric fire, wall mounted electric storage heater, television and telephone points, range of wall and base units, laminate work surfaces, stainless steel sink and drainer, tiled to splash backs, electric hob with overhead illuminated extractor hood, integrated 'Logik' electric oven, fridge freezer, space for dining table and chairs, vinyl flooring, skirting boards, decorative coving.
Entrance To Flat Two - Located at the rear of the building, the apartment is accessed via private solid timber door with glass inserts to the side leads into; Entrance Vestibule - Fuse box, doors leading into the following rooms; Open Plan Kitchen / Lounge - 4.06m x 3.10m (13'4 x 10'2) - Large UPVC double glazed window to the rear, entry phone, wall mounted electric fire, wall mounted electric storage heater, television and telephone points, range of wall and base units, laminate work surfaces, stainless steel sink and drainer, electric hob with overhead illuminated extractor hood, integrated electric oven, fridge freezer, space for dining table and chairs, vinyl flooring, skirting boards, decorative coving.
Bedroom - 3.07m x 3.02m at widest point (10'1 x 9'11 at wide - UPVC double glazed window to the side, wall mounted electric storage heater, skirting boards.
En-Suite Shower Room - 2.01m x 1.68m (6'7 x 5'6) - Three piece white suite comprising of; shower cubicle with overhead electric shower, WC and pedestal wash hand basin, fully tiled walls, vinyl flooring, extractor fan, wall mounted mirror, wall mounted chrome towel holder.
Garage - 5.26m x 3.05m (17'3 x 10') - Accessed via up and over door. External water tap. The garage is currently used for landlord storage space and isn't used by any of the tenants.
Outside - Off road parking space for one car, this currently belongs to flat two. To the rear is a patio area.
Other Details - Tenure: Freehold Council Tax Band: A (£1,533.06 per flat, per annum) * The property has recently had a new fire alarm system installed * The property was renovated and converted into 5 flats in 2018 and is listed as one title * Three phase electric installed at the time of the renovations * Each flat is registered with separate addresses and have their own electric and water meters * The property benefits from a new roof and double glazing * EPC ratings: Flat 1: E, flat 2: E, flat 3: D, flat 4: D, flat 5: D * The flats are achieving the following rents: * Flat 1 - £550pcm * Flat 2 - £550pcm * Flat 3 - £480pcm * Flat 4 - £550pcm * Flat 5 - £550pcm
Value & comps
No previous sales on record.
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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.
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