Blackpool, FY4 1GY | Investment Property for Sale | VES-FY4-002

Opportunity to purchase an apartment in Blackpool generating £6,600 rent pa & gross yield of 7.8%

£85,000

Apartment

VES-FY4-002

INITIAL INVESTMENT

£26,300

Based on

deposit: £21,250

stamp duty: £2,550

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£6,600

GROSS YIELD

7.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£792

2 bedrooms

2 bathrooms

1 reception room

947

Partially Furnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2006
  • Years left on lease: 982 years (from 2023)
  • Ground rent review period: n/a
  • Service charge review period: tbc

Property information

  • Located on the second floor
  • The property comprises:
    • 2 x bedrooms
    • 2 x bathrooms, one of which is an ensuite bathroom
    • Kitchen
    • Lounge with juliette balcony
  • The property comes with allocated parking
  • Secured gated access
  • EPC rating: D
  • Council tax band B
  • Monthly rental income £550

Location information

  • The property is located just outside of Blackpool town centre
  • The town centre is a short walk from the property
  • Blackpool South is the closest station just 0.6 miles away
  • There is a bus stop near the property with regular services

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Blackpool, Lancashire

Blackpool is a seaside resort on the coast of the county of Lancashire in north-west England. This town is situated around 15 miles north-west of Preston, 27 miles north of Liverpool and 40 miles north-west of Manchester.

Blackpool North is the main station serving this town and is the terminus stop on the Blackpool branch line operated by Northern and Virgin Trains. Northern runs 1 train per hour to each of these destinations from this station; Preston, Liverpool Lime Street and Manchester Piccadilly via Bolton. A further 4 trains per day to London Euston are run by Virgin Trains.

Blackpool Transport and Stagecoach provide bus services around the town and to destinations within the region also. Blackpool fortunately has access to a tram service that run from Starr Gate to Fleetwood, and there are plans to extend this even further to Blackpool North station by April 2019.

Blackpool is still recognised as one of the major centres of tourism in the UK and there are over a hundred fun-filled and action-packed attractions, throughout the centre of town and surrounding areas.

Attractions such as Blackpool Pleasure Beach, Blackpool tower, SEA LIFE, Blackpool Zoo, Madame Tussauds and many more draws in thousands of tourists every year. This property is also a short walk from Houndshill Shopping Centre which is the main source of retail options in town and has a selection of well-known high street brands.

Osborne Road,

Blackpool,

Blackpool,

England,

FY4 1GY

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All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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