2-bedroom flat · FY8 1FG
Sold STCReduced £5k (−3.3%) on 26 MayListed 190 days
Opportunity summary
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About
**REDUCED FOR A QUICK SALE*** Second-floor apartment in a superb coastal location, just minutes from the seafront and offered with no onward chain.
Ideally positioned close to AKS Independent Co-educational School, Fairhaven Lake and local bus routes, the property is also within easy reach of St Annes town centre with its excellent range of shops, cafés and restaurants.
The accommodation comprises a bright and welcoming lounge with Juliette balcony, a well-appointed dining kitchen, and two double bedrooms with fitted furniture, including a principal bedroom with en-suite shower room.
A three-piece bathroom serves the remainder of the apartment. Externally, the property benefits from an allocated parking space. Please note that the building does not have a lift. EPC Rating: C.
Communal Entrance - Entrance with intercom to all flats, door to: Communal Hallway - Letterboxes, stairs to all floors, Apartment 9 is located on the second floor, door to: Hallway - Cloaks cupboard, cupboard housing hot water system, intercom, wall mounted electric heater, doors to all rooms, double doors lead into: Lounge - 17'4 x 10'7 - UPVC French doors to the front opening up to Juliette balcony overlooking courtyard, television and telephone points, wall mounted electric heater, wood effect laminate flooring, recessed spotlights, coving.
Dining Kitchen - 9'8 x 9'9 - Good range of wall and base units, laminate work surfaces with incorporated stainless steel bowl sink and drainer, integral appliances include: electric hob with overhead illuminated extractor hood, electric oven, fridge freezer, dishwasher and washer dryer, ceramic floor and wall tiles, wall mounted electric heater, space for dining table and chairs, UPVC double glazed window to the rear.
Bedroom One - 10'3 x 10'4 - UPVC double glazed window to the rear, range of fitted wardrobes, wall mounted electric heater, door leading into; En-Suite - 1.78m x 1.40m (5'10 x 4'7) - Three piece white suite comprising of; WC, vanity wash hand basin with cabinet and light, overhead electric shower in shower cubicle, ceramic tiled floor.
Bedroom Two - 9'5 x 9'9 - UPVC double glazed window to the front, wall mounted electric heater, range of fitted bedroom furniture.
Bathroom - 1.98m x 1.78m (6'5" x 5'10") - Three piece white suite comprising of: WC, vanity wash hand basin with cabinet, light and mirror, bath, wall mounted heated towel rail, recessed spotlights, ceramic tiled floor.
Other Details - The apartment comes with an allocated parking space. Council Tax Band: C Tenure: Leasehold Number of years left on the lease: 136 Service Charge: £1,610.00 Ground Rent: £230.00
Value & comps
No previous sales on record.
Returns
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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 Bailey Avenue, Lytham St. Annes
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