Studio flat · FY1 5AJ
For saleListed 79 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Mid terraced block of 3 apartments located close to Blackpool town centre and the Promenade. 1 apartment let on Assured Shorthold Tenancy Agreement and produces a rental income of £10,200 per annum.
The remaining 2 apartments have been sold off and produce a combined ground rent of £130 per annum plus a service charge of £375 for each flat per annum.
The modern apartments were converted to a high standard in 2022. Current income £11,085 per annum.
LOCATION Coop street is located off Chapel Street which is opposite Central Pier, close to Blackpool Promenade and the town centre.
GROUND FLOOR Flat 1 - Open plan lounge and modern fitted kitchen; 2 bedrooms and a bathroom. FIRST FLOOR No 32: Flat 2 - Sold off under separate ownership not inspected.
SECOND FLOOR No 32: Flat 3 - Sold off under separate ownership not inspected. EXTERIOR Rear yard and bin stores. BUSINESS Rent Schedule: Flat 1: £850 per calendar month.
Flat 2: Ground rent £70 per annum, service charge £375 per annum. Flat 3: Ground rent £65 per annum, service charge £375 per annum.
Total Rental Income: £11,085 SERVICES Electricity and water individual supplies and meters. Individual council tax ratings. Tenants pay all their own bills.
TENURE Freehold subject to long ground lease on Flats 2 & 3.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 32 Coop Street, Blackpool, FY1 5AJ
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