Project Description

*Submit Pre-Auction Offer

The subject property is located on the north side of Osborne Road on the outskirts of Blackpool town centre. Blackpool, the popular seaside resort is on the Irish Sea coast of England.
There are an array of local amenities within walking distance to the property including shops, bars and restaurants. Blackpool pleasure beach and sandcastle water park are just minutes walk from the property.
There are a number of local schools and numerous transport links nearby. The property is located just off the B5262. Blackpool south train station is located 0.5 miles from the property, providing easy access for commuters.
Blackpool boasts many popular tourist attractions, such as the Blackpool tower and the north pier which are both within 1.5 miles of the property.
The opportunity has arisen to purchase this high yielding investment property which has been converted into eight self contained flats, set over four storey’s.
There are four, two bedroom apartments each having fitted kitchen, living area, two bedrooms and shower room.
In addition there are four, one bedroom apartments comprising of fitted kitchen, living area, one bedroom and shower room.
The majority of the apartments share communal door entry and hall with stairwell to upper floors.
Externally the property benefits from on street parking to the front and off road parking to rear.
Viewing is strongly recommended.
We understand the property has mains electric, water and drainage.

Investment Analysis
We are advised that seven of the eight properties are currently tenanted and are achieving the following:

4 x One bedroom flats – £90 pw
3 x Two bedroom flats – £115 pw

The property is currently generating £3055 pcm (£36,660 pa). Representing a gross annual yield of 10.2%.

If the property was fully tenanted then a rental income of £3,553.33 pcm (£42,640 pa) would be generated representing a gross yield of 12.92%.

Council Tax
Each property is rated in Council Tax Band A. Council Tax payable (2016/17) is £1057.18

*Guide Price


Please note an inspection of this property has not been undertaken.

Viewing by Appointment

To view this property, please contact John Pye Property – – 0115 970 6060

Please click the following link to access the legal pack documents –


62 – 64 Osborne Road


✓ Two period terraced properties converted into eight flats
✓ Current rent £36,660 pa
✓ Current gross yield of 10.2%
✓ Potential rent £42,640
✓ Reversionary yield 12.92%
✓ Four 2 bedroom flats & four 1 bedroom flats
✓ One 2 bed flat currently vacant
✓ Reasonable condition throughout
✓ Ideal investment opportunity
✓ Strong rental area
✓ Close to amenities and transport links


Hayley Riley
Phone: 0115 970 6060
Our Ref: PR253

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