5 bedroom serviced apartment for sale
Key information
Property description & features
- Tenure: Freehold
- Prime location
- Excellent investment opportunity
- Freehold
- No onward chain
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
Places of interest
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Property reference ZLukasSKW0003491349. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Keller Williams - Home Counties & Surrey (Oxygen).
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Broadband availability and predicted speed: obtained from Ofcom on January 11, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 11, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 21, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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