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See how verdicts work3-bedroom flat · PR9 0AU
Sold STCListed 398 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This luxury ground floor apartment forms part of the prestige development by Blackthorn Homes of a Grade II listed building, originally built circa 1882.
The well presented living space is accessed via a private entrance, providing well planned accommodation comprising Hallway with Study Area, cupboard to house washer dryer, open plan Fitted Kitchen, Dining Area and Living Room with access to Private Garden.
The vendors converted the property from two Bedrooms to three Bedrooms with the Master Bedroom Suite having an En-Suite Shower Room.
It also has the benefit of a family Bathroom and underground garage space. The private garden is accessed from the open plan lounge and enjoys patio and lawn.
The development occupies a prominent position on Southport's promenade and is well placed for accessing the beach, Lord Street and the many amenities of the town centre.
PRIVATE ENTRANCE HALL LIVING ROOM - 19' 8" x 14' 2" (5.99m x 4.32m) KITCHEN AND DINING AREA - 35' 11" x 8' 8" (10.95m x 2.64m) BEDROOM 1 - 17' 6" x 13' 8" (5.33m x 4.17m) ENSUITE BEDROOM 2 - 15' 6" x 9' 7" (4.72m x 2.92m) BEDROOM 3 - 9' 10" x 8' 1" (3m x 2.46m) BATHROOM OUTSIDE A private garden is accessed via a glazed door in the Living Room with paved sun patio, lawn and established borders.
Remote controlled gated access to the underground garage where there is one allocated parking space.
A brick-built store opposite the entrance to the apartment provides storage for bicycles and tools etc TENURE: Leasehold for the residue of a term of 999 years from 1st January 1997 with zero ground rent.
Freehold is owned by Marine Gate Mansions leaseholders.
SERVICE CHARGE: We are informed by the owner the current service charge (September 2025) amounts to £5,066.88 per annum as a contribution towards the building insurance premium, window cleaning, lift maintenance, cleaning and lighting of the communal areas, garden maintenance, sinking fund and managing agent's fees.
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
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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.
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 Promenade, Southport
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