1 bedroom flat for sale

TO BE SOLD BY ONLINE AUCTION ON 25TH – 26TH MARCH UNLESS SOLD PRIOR UNDER AUCTION TERMS.

Flat 71, 188 Lord Street, Southport, PR9 0QG

A well-positioned one-bedroom apartment located within a popular development in Southport, one of the town’s most desirable and well-known locations. The property sits within easy reach of an excellent range of local amenities including shops, cafes, restaurants, transport links and Southport’s seafront attractions, making it a convenient place to live and an attractive rental location.

The property is currently tenanted on a periodic tenancy agreement at £600 per calendar month, producing an annual rental income of £7,200. At the guide price of £60,000, this represents an approximate gross yield of 12%, offering a strong return for buy-to-let investors.

The apartment forms part of an established residential building and provides well-proportioned accommodation, making it well suited to the local rental market. With a tenant already in situ, this represents a ready-made investment opportunity with immediate income from day one.

Properties of this nature rarely come to the market with such an attractive yield, making it an excellent opportunity for both experienced landlords looking to expand their portfolio and first-time investors seeking an affordable entry point into the rental market.

Southport continues to be a popular rental area due to its coastal location, strong local amenities and good transport links to Liverpool and the surrounding areas, further supporting long-term rental demand.

Here are some similar sold properties taken from Land Registry that highlight the potential:

8, Brentwood Court, Southport, PR9 9JN -£105,000 Flat 1 Bed 0.59 mi

Flat 7, Poplar Bank, Leyland Road, Southport, PR9 0LB - £115,000 Flat 1 Bed 0.37 mi

Flat 17, Maritime Court, Promenade, Southport, PR8 1SP £88,000 Flat 1 Bed 0.35 mi

Tenant ready property values in the area are in the region of £650-£750pcm