Christie King Estate Agents says ..

Property Oracle says ..

This listing presents a block of four one-bedroom apartments located on Shaw Road in Blackpool. The property is described as a fantastic investment opportunity, with an annual rental income of £18,123.96. This represents a significant return on investment if the operating costs are low, although no cost information is available.

The property’s location is advantageous due to its proximity to Blackpool South train station and the famous Blackpool Promenade, making it accessible and potentially attractive to renters. However, Blackpool’s overall property market dynamics must be considered. This seaside town’s reputation might positively or negatively affect the property value. Additional information about nearby amenities and the quality of the local schools is needed for a more comprehensive assessment of the location.

The provided image indicates a terraced house in average condition. The exterior displays some signs of wear and tear or would benefit from some cosmetic improvement. A detailed survey is recommended to determine the extent of any necessary repairs or renovations.

The listing lacks crucial information, such as the total square footage and individual apartment sizes. These details are essential to perform a proper comparative market analysis and establish the property’s value and the reasonableness of the asking price. Rental market data is key to justify a price of £180,000; however, it is important to compare the net rental income to typical returns for this type of investment in the specific area.

In conclusion, the property shows potential as an investment opportunity, but further information on the square footage, condition, rental costs and rental income are needed to make a well-informed decision.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Images