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See how verdicts work2-bedroom flat · FY1 4DG
For saleReduced £30k (−5.5%) on 24 MayListed 412 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Substantial detached 4 storey property located in Blackpool Town Centre close to all amenities and attractions.
12 self contained holiday apartments (7 x 1 bed, 2 x 2 bed, 3 x studio) together with ground floor bar lounge (not currently in use) and a games room.
In addition there is a spacious ground floor 2 bedroom owners/manager apartment and extensive basement store rooms. 4 person passenger lift to all floors. Parking to the front and side for 15 cars.
The current owners are looking to retire having operated the business since 2004. A substantial property that must be viewed to appreciate.
LOCATION On the northerly frontage of Reads Avenue which is in Blackpool central holiday location adjacent to the town centre with all the shops, bars and restaurants.
5 minutes walk to the Promenade, Blackpool's famous Tower, Winter Gardens and Theatres. LOWER GROUND FLOOR Extensive basement stores and boiler room.
GROUND FLOOR Entrance hall; Games room; bar lounge with bar counter; former laundry room; 2 toilets; separate entrance to owners apartment consisting - Large front lounge; spacious double bedroom with fitted robes; inner hallway giving access to bathroom with bath, toilet, wash hand basin, step in shower; 2nd double bedroom; fitted kitchen with access to rear garden.
FIRST FLOOR Flat 1 - Inner hall; lounge and kitchen with wall bed; double bedroom; bunk bedroom; shower, basin and toilet. Caters for 6 persons.
Flat 2 - Inner hall; Lounge and kitchen with wall bed; Double bedroom; Double bedroom; Shower, basin and toilet. Caters for 6 persons. Flat 3 - Studio with double bed; Shower, basin and toilet.
Caters for 2 persons. Flat 4 - Lounge with wall bed; Kitchen; Double bedroom; Shower, basin and toilet. Caters for 4 persons.
SECOND FLOOR Flat 5 - Inner hall; lounge and kitchen with wall bed; family bedroom; shower, basin and toilet. Caters for 6 persons.
Flat 6 - Inner hall; lounge and kitchen with wall bed; family bedroom; shower, basin and toilet. Caters for 6 persons. Flat 7 - Studio with double bed; shower, basin and toilet. Caters for 2 persons.
Flat 8 - Inner hall; lounge with wall bed; kitchen; family bedroom; shower, basin and toilet. Caters for 6 persons.
THIRD FLOOR Flat 9 - Inner hall; lounge and kitchen with wall bed; family bedroom; shower, basin and toilet. Caters for 6 persons.
Flat 10 - Inner hall; lounge and kitchen with wall bed; family bedroom; shower, basin and toilet. Caters for 6 persons. Flat 11 - Studio with double bed; shower, basin and toilet.
Caters for 2 persons. Flat 12 - Inner hall; Lounge with wall bed; kitchen; family bedroom; shower, basin and toilet.
EXTERIOR Parking for 15 cars front side and rear; private rear garden area to owners apartment. BUSINESS The flats are fully equipped and have been operated by the current owners since 2004.
Consistent trading accounts available to genuine interested parties after viewing. SERVICES All mains services. Gas central heating with two boilers for the flats and one for the owners apartment.
3 Phase electricity supply. Passenger lift to all floors. Flat roof renewed 2025. TENURE Freehold.
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 81/83 Reads Avenue, Blackpool, FY1 4DG
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