8 bed detached house for sale

Whitegate Drive, Blackpool FY3

Welcome to this fantastic investment opportunity! This well-maintained property has been thoughtfully converted into eight individual apartments, all in good condition and ready for immediate tenancy.

Currently generating an impressive annual rental income of £38,000 and a yield of 12%, the property offers a solid return on investment. Each unit is designed to appeal to a variety of tenants, with modern conveniences and a prime location.

The apartments are designed for comfort and practicality, ensuring steady tenant demand in a sought-after area. With its prime location and excellent income potential, this is a fantastic opportunity to secure a high-yielding, income-generating investment. Don’t miss out!

All the apartments are EPC grade C and all are council tax band A

flat 1 - Studio apartment £390PCM / £400 Deposit

flat 2 - Studio apartment £390PCM / £400 Deposit

flat 4 - Studio apartment £377PCM / £347 Deposit

flat 5 - Studio apartment £304PCM / £325 Deposit

flat 6 - Studio apartment £412PCM / £475 Deposit

flat 7 - Studio apartment £390PCM / £400 Deposit

Flat 8 - One bedroom apartment £424PCM / £300 Deposit

251A - One bedroom apartment £477PCM / £550 Deposit

income breakdown

- £3164pcm

- £37,968PA

- Yeild 12%

**A rental increase of 5% would increase the yeild to 12.56% or an increase of 10% would equal 13.28%**



Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.