Frank Wyles and Co says ..

Property Oracle says ..

This property is a block of eight apartments located on Pleasant Street in Lytham, Lancashire. The listing highlights its central location, proximity to amenities, and rental income potential. The exterior of the building looks well-maintained, from the provided images. The interior photos depict apartments that are functional, with modern fitted kitchens and bathrooms. However, the apartments do not appear particularly high-end or luxurious, exhibiting a more utilitarian feel. While the location in the heart of Lytham is a major strength, and the substantial rental income of approximately £64,000 per annum when fully let suggests a positive cash flow for investors, a lack of square footage information and details concerning individual apartment rentals prevents an in-depth assessment of property value per square foot. The absence of information about individual apartment specifications limits the assessment of overall value. For buyers interested in a high rental yield investment property, this block of apartments presents an interesting option. However, prospective purchasers should diligently scrutinize individual apartment yields and conduct due diligence on the rental market and potential maintenance costs before making a decision.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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