Residential · Block Of Apartments · Freehold

A Mid Terrace Building Arranged To Provide 5 x One Bedroom Flats. One Flat is Let Producing £4,680 Per Annum. ERV of £23,400 Once Fully Let.

159 Central Drive, Blackpool, Lancashire, FY1 5ED

Property type
Block Of Apartments
Bedrooms
1
Bathrooms
1
Receptions
1
Tenure
Freehold

A mid terrace building arranged to provide 5 x one bedroom flats over ground and two upper floors. One flat is let producing £4,680 per annum, with an estimated rental value of £23,400 once fully let. The property requires a program of refurbishment and repairs and is freehold.

5-unit investment building One tenanted flat Freehold tenure Refurbishment opportunity Central location

Accommodation

  • Reception Room with Open-Plan Kitchen
  • Bedroom
  • Bathroom

Full description

A mid terrace building arranged to provide 5 x one bedroom flats arranged over ground and two upper floors. The property requires a program of refurbishment and repairs. Each flat is arranged to provide a reception room with open-plan kitchen, a bedroom, and a bathroom. The property is situated on a residential road close to local shops and amenities. The open spaces of Blackpool Promenade are within easy reach. Transport links are provided by Blackpool South rail station. The property is freehold. One of the five flats is subject to a periodic tenancy at a rent of £4,680 per annum. The estimated rental value once fully let is £23,400. The property is subject to an overage; please refer to the legal pack for further information.

Financial Tools

Your estimated monthly payment
£187.59/mo
Deposit £11,250 (25%) Loan £33,750 Interest £22,528
Total cost £56,278 Total interest £22,528
Property price£45,000
Deposit25%
£11,250
Interest rate4.5%
Term25 yrs

For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.

Location

159 Central Drive, Blackpool, Lancashire, FY1 5ED
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