12 bedroom house

Balmoral House, Withnell Road, Blackpool, Lancashire, FY4 1HE

Size: 404 sqm

Purchase price

£180,000

Size: 404 sqm

Finance breakdown
Financial performance*
Gross rent £40,000
Net income £40,000
Gross yield 25%
Net yield 25.00%

EXCELLENT RENOVATION PROJECT - POTENTIAL FOR UP TO £40,000 ANNUAL INCOME! This excellent 12 bedroom property is located in the heart of the famous seaside town of Blackpool.

This wonderful 12 bedroom former guest house is the perfect project for any investor, comprising of 12 bedrooms over 4 floors. With parking to the rear of the property as well as a small garden area.

Withnell Road is within a short distance of Blackpool’s famous promenade, this attractive block opportunity benefits from also being close to popular schools, local amenities, bus routes and links to the motorway networks. Blackpool is a great place to invest right now with Blackpool Council’s £300m leisure development plans which includes new hotels, restaurants, apartments and entertainment venues including the UK’s first ‘flying theatre’, and an indoor virtual reality experience amongst other exciting attractions.

Reasons to invest in Blackpool:

 Great commuter area
 Average property value for flats £94,293 (Zoopla, 2021)
 Future investment to area with potential to increase job opportunities and property prices.
 House prices in Blackpool have increased by 32.59% in the last decade (Zoopla, 2021)

EXCELLENT RENOVATION PROJECT - POTENTIAL FOR UP TO £40,000 ANNUAL INCOME! This excellent 12 bedroom house is located in the heart of Blackpool.

Interested in this property? Enquire today for more information

Key features

Key features

Excellent renovation project

Key features

12 bedrooms

Key features

Freehold

Key features

Parking to the rear

Key features

Over four floors

Key features

Excellent location

Key features

Great transport links

Key features

Shops, bars and amenities nearby

Key features

Freehold

EXCELLENT RENOVATION PROJECT - POTENTIAL FOR UP TO £40,000 ANNUAL INCOME! This excellent 12 bedroom house is located in the heart of Blackpool. More info...

EXCELLENT RENOVATION PROJECT - POTENTIAL FOR UP TO £40,000 ANNUAL INCOME! This excellent 12 bedroom property is located in the heart of the famous seaside town of Blackpool.

This wonderful 12 bedroom former guest house is the perfect project for any investor, comprising of 12 bedrooms over 4 floors. With parking to the rear of the property as well as a small garden area.

Withnell Road is within a short distance of Blackpool’s famous promenade, this attractive block opportunity benefits from also being close to popular schools, local amenities, bus routes and links to the motorway networks. Blackpool is a great place to invest right now with Blackpool Council’s £300m leisure development plans which includes new hotels, restaurants, apartments and entertainment venues including the UK’s first ‘flying theatre’, and an indoor virtual reality experience amongst other exciting attractions.

Reasons to invest in Blackpool:

 Great commuter area
 Average property value for flats £94,293 (Zoopla, 2021)
 Future investment to area with potential to increase job opportunities and property prices.
 House prices in Blackpool have increased by 32.59% in the last decade (Zoopla, 2021)

  • Key features
    Tick Desktop Excellent renovation project
    Tick Desktop 12 bedrooms
    Tick Desktop Freehold
    Tick Desktop Parking to the rear
    Tick Desktop Over four floors
    Tick Desktop Excellent location
    Tick Desktop Great transport links
    Tick Desktop Shops, bars and amenities nearby
    Key features

    Freehold

  • LocationLocation

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £40,000
Net income £40,000
Gross yield 25%
Net yield 25.00%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.