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See how verdicts work3-bedroom flat · FY8 1NW
Sold STCListed 241 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This modern third floor apartment enjoys a prime seafront position with breathtaking sea views and is ideally located close to St Annes Square, with its wide range of amenities, cafés and transport links.
The spacious accommodation comprises a generous reception room leading onto a balcony and open plan to a modern fitted kitchen.
There are three bedrooms, with the principal bedroom benefiting from an ensuite and direct access to the balcony, which is also accessed from the lounge.
A further contemporary bathroom serves the remaining bedrooms. The property is set within well-maintained communal gardens to the front and benefits from an allocated parking space to the rear.
Being sold with no forward chain, early viewing is highly recommended.
Communal Entrance Secure communal entrance with entry phone system, stairs and leading to: Third Floor Hall Electric storage heater, entry phone, coving to ceiling with smoke detector, secure hardwood part glazed opaque door, Lounge 5.26m (17'3") x 3.50m (11'6") max Two UPVC double glazed windows , decorative wall mounted electric fireplace, electric storage heater, telephone point, TV point, coving to ceiling with ceiling rose, secure uPVC double glazed double door leading to balcony, Kitchen 4.26m (14') x 2.34m (7'8") Fitted with a matching range of base and eye level units with worktop space over with underlighting, 1+1/2 bowl stainless steel sink unit with single drainer and mixer tap, integrated fridge/freezer, dishwasher and washing machine, built-in eye level electric fan assisted oven, electric hob with extractor hood over, electric eye level grill, uPVC double glazed window to front aspect, tiled flooring with low-voltage spotlights, tiling to three walls.
Bedroom 1 7.40m (24'3") x 0.86m (2'10") UPVC double glazed window to front aspect with sea views, fitted with cupboards and drawers, electric storage heater, radiator, TV point, coving to ceiling, secure double glazed door leading to balcony, En-suite Fitted with three piece suite comprising wash hand basin with mixer tap, recessed tiled shower enclosure with Mira electric shower and folding glass screen, low-level WC, half height ceramic tiling to all walls, towel rail, extractor fan, wall mounted mirror, shaver point, ceramic tiled flooring.
Bedroom 2 5.00m (16'5") x 3.06m (10') max Two uPVC double glazed windows to rear, fitted bedroom suite with a range of wardrobes, telephone point, TV point, coving to ceiling, Bathroom Fitted with four suite comprising panelled bath with mixer tap, wash hand basin with mixer tap, recessed tiled shower enclosure with Mira electric shower and folding glass screen, low-level WC, half height ceramic tiling to all walls, heated towel rail, electric fan heater, mirrored cabinet, shaver point, uPVC frosted double glazed window to side, ceramic tiled flooring with low-voltage spotlights.
Bedroom 3 3.32m (10'11") x 2.30m (7'7") UPVC double glazed window to rear, fitted bedroom suite with a range of wardrobes, electric heater.
External Well kept communal gardens to the front. Allocated parking space to the rear.
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 Flat 16, Spinnakers, 87 South Promenade, Lytham St. Annes, Lancashire
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