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Raikes Parade

Blackpool, Lancashire

£140,000

  • Two x one bedroom flats
  • Net yield of 10%
  • Current tenanted
  • Strong rental potential
  • Popular residential location

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Blackpool, Lancashire

Two Flats | £140,000 | Freehold Property

PROPERTY OVERVIEW

A fantastic opportunity to acquire a fully tenanted, two-flat freehold investment in the heart of Blackpool. This property comprises two spacious one-bedroom flats across ground and first floor, offering an investor immediate income with strong long-term growth potential.

  • 2 x 1-bedroom flats (ground floor & first floor)
  • Freehold
  • Both flats generously proportioned
  • EPC Ratings: Flat 1 – C | Flat 2 – D (valid until 31 May 2028)
RENTAL INCOME
Unit Rent Annual Income
Ground Floor Flat £118.75 per week £6,175
First Floor Flat £650 pcm £7,800
Total Annual Rent £13,975
   
YIELD & RETURNS
  • Purchase Price: £140,000
  • Gross Annual Rent: £13,975
  • Gross Yield: approx. 9.98% (circa 10%)

This represents an excellent gross yield, well above the UK average buy-to-let return, making this a standout opportunity for investors seeking strong rental income.

WHY INVEST HERE?
  • Located close to local amenities, shops, and transport links
  • Situated near the site of Blackpool’s new university development, set to drive future demand for rental accommodation and support long-term capital growth
  • Freehold title offers full control with no ground rent or service charge liabilities
  • Two income streams from one purchase, spreading risk and maximising returns
SUMMARY

With a gross yield approaching 10% and the added upside of nearby regeneration and university development, 20 Raikes Parade offers investors a rare combination of immediate income and future growth potential.

Return on Capital Employed (ROCE) Calculator

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Property Price


Mortgaged

Cash Purchase

Deposit

£0.00

25%

£140,000.00

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£3,000.00

£3,000.00

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£1,164.00

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