Duplex for sale in Holmfield Road, Blackpool, Lancashire FY2

Overview

This property stands as a lucrative opportunity for potential investors.

Generating an annual return of £22,100, equating to an impressive 11% yield, it is a freehold, semi-detached property consisting of four self-contained 1-bedroom flats and one studio, distributed across three floors. Each flat is thoughtfully designed, featuring a lounge/kitchen area, a shower room, and a bedroom, ensuring a comfortable living space.

Ideally located in close proximity to shops, amenities, and the promenade, the property boasts significant rental potential. Capitalizing on the current demand for rental properties, and with an average rent of £368 per flat, there exists the opportunity for increased valuation following minor improvements.

Furthermore, the property stands to benefit from the ongoing Blackpool investment project, expected to conclude in five years, potentially resulting in a substantial 20% surge in its current value. Notably, the property falls within Council Tax Band C.
Council tax band: C