Apartment on Clifton Street, Blackpool
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Recently converted two-bedroom apartment located on Blackpool's high street.
Cash-only investment of £48,500 for those looking to buy in the immediate future. 10% yields achievable due to low entry point.
Key Figures
£48,500Starting Price
10%Net Yield
Q4 2020Completion Date
Investment Details
Two-bedroom apartment for sale on Blackpool's high street. It is a recent office to residential conversion fitted with new furnishings and appliances.
The apartment itself is conveniently located close to all of Blackpool's amenities. Clifton Street itself is lined with hotels and restaurants, and is located in the town centre close to the seafront.
According to Zoopla, the average property price in Blackpool is £132,618, 6.84% up on 2020 figures. This means there is room for capital growth as well as strong rental yields due to the low entry point.
What is Social Housing?
Property that is made available to tenants who receive income support such as housing allowance or universal credit. These types of tenants may be in part time employment and just need a little support from government subsidies.
The Numbers
Ground Rent:
Number of Units:1
Service Charge:
Prices:£48,500
Leasehold:74
- Recent office to residential conversion
- Fitted kitchen
- Two bedrooms
- High street location
- Easy access to amenities
- Cash-only purchase of £48,500
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