This property has been taken off the market.
5 Bed Flat For Sale Holmfield Road, Blackpool, FY2
£200,000- Flat
1 of 15
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Last Updated: 25th March 2024
Description
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.\r
Council tax band: C
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.\r
Council tax band: C
Agent Details
Keller Williams Oxygen
18 York Road, York House Maidenhead SL6 1SF
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.