Reduced
15 photos · FloorplanFor saleReduced 20 Aug 2026
£165,000
Reads Avenue, Blackpool FY1 4DG
8bedrooms
6bathrooms
Apartmenttype
2,336sq ft
Freeholdtenure
Listed 25 Jun 2026 · price reduced 20 Aug 2026 · Blackpool
How the price compares
This home£165,000£71 per sq ft
Median 8 bed in Blackpool£170k2 homes listed · £71 per sq ft
Difference-3%in line with the area
Key features
- Just reduced!
- Over 17% potential rental yield once renovated
- Block of 6 Apartments
- Chain free
- Basement
- Parking for multiple vehicles
- Central Blackpool location
- Achievable Annual ERI of £30,600 per annum
- Investment opportunity
About this home
Situated within the popular Central area of Blackpool (FY1), this substantial freehold property presents an exceptional investment opportunity. Arranged over three floors plus a basement and currently informally configured as six self-contained apartments (subject to the necessary planning consents and selective licensing requirements), the accommodation comprises two studio apartments, two one-bedroom apartments, and two two-bedroom apartments.
Once fully renovated, the block is estimated to achieve a combined rental income of approximately £2,550 PCM (£30,600 per annum), representing an impressive gross yield of around 17% based on the asking price.
The apartments have already undergone partial renovation works, providing investors with a valuable head start and reducing the time and capital required to bring the building to a lettable standard. With significant scope to add value and create a strong income-producing asset, the property offers excellent potential for both experienced landlords and developers alike.
Ground Floor Rear Flat: 29 Square metres EPC - C Estimated rental income:£400 pcm GF One-bedroom apartment, comprising a kitchen/diner, reception room, double bedroom and bathroom with bath.
FLAT 1: 38 Square Metres EPC - D Estimated rental income:£400 pcm GF One-bedroom apartment, comprising a kitchen and reception room, double bedroom and bathroom with shower.
Flat 2: 41 Square Metres EPC - C Estimated rental income:£550 pcm First floor two-bedroom apartment, comprising a kitchen and reception room, two double bedrooms and bathroom with bath.
Flat 3: 28 Square Metres EPC - C Estimated rental income:£350 pcm First floor studio apartment, comprising an open plan kitchen, reception room and bedroom space with a bathroom with shower.
Flat 4: 14 Square metres EPC - C Estimated rental income:£300 pcm Second floor studio apartment, comprising an open plan kitchen, reception and bedroom space with a bathroom with shower.
Flat 5: 37 Square Metres EPC - D Estimated rental income:£550 pcm Second floor two-bedroom apartment, comprising a kitchen with reception space, two double bedrooms, shower room and separate WC
Location: - Based in FY1, Blackpool Centre close to all local amenities - Less than 10 minutes walk from Blackpool Promenade - Less than 8 minutes walk from Houndshill Shopping Centre - Just 4 minutes drive from Stanley Park
Property details
- Property type
- Apartment
- Size
- 2,336 sq ft / 217 sq m
- Council tax band
- A
- Tenure
- Freehold
- Parking
- Off street
- Heating
- Gas central
- Broadband
- ADSL copper wire
- Electricity
- Mains supply
- Water
- Mains supply
Floorplan
Location
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1 on this map
- Blackpool North Station0.6 mi
- Blackpool South Station1.1 mi
- Layton Station1.6 mi
What nearby homes sold for
Median sold prices in FY1 over the last 12 months: terraced £95k · semi-detached £150k · flat £76k · detached £243k.
| Address | Type | Sold | Price |
|---|---|---|---|
| 32 Reads Avenue Blackpool FY1 4BP | Other Freehold | 11 Sept 2026 | £97,000 |
| 158 Reads Avenue Blackpool FY1 4JD | Semi-detached Freehold | 19 Mar 2026 | £82,000 |
| 172 Reads Avenue Blackpool FY1 4JD | Semi-detached Freehold | 23 Feb 2026 | £260,000 |
| 26 Reads Avenue Blackpool FY1 4BP | Terraced Freehold | 14 Jan 2026 | £302,500 |
| 136 Reads Avenue Blackpool FY1 4JJ | Semi-detached Freehold | 27 Oct 2025 | £155,000 |
| 102 Reads Avenue Blackpool FY1 4JJ | Semi-detached Freehold | 30 Jun 2025 | £170,000 |
| 101 Reads Avenue Blackpool FY1 4JH | Semi-detached Freehold | 23 Jun 2025 | £220,000 |
| 84 Reads Avenue Blackpool FY1 4DE | Semi-detached Freehold | 6 Jun 2025 | £145,000 |
| 155 Reads Avenue Blackpool FY1 4HZ | Terraced Freehold | 23 May 2025 | £163,000 |
| 85 - 87, Reads Avenue Blackpool FY1 4DG | Detached Freehold | 19 May 2025 | £460,000 |
Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in FY1
Buying costs
Monthly repayment£825£16,500 deposit · £148,500 loan
Stamp Duty£800England rates
Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.
Listed by Martin & Co, Blackpool on Rightmove (original listing). First listed 25 Jun 2026; details checked 7 Nov 2026. Latest change: reduced on 20/08/2026.
Agent disclaimer
Disclaimer - Property reference 100579008691. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Martin & Co, Blackpool. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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Reduced
23 photos · Floorplan