1/8
£185,000
4 beds · 4 baths
Livingstone Road, Blackpool, Lancashire, FY1
0.02 miles
away
Freehold
Added on 16/09/2026 
1/17
1/17
£165,000
Asking price 8 bed flat for sale Reads Avenue, Blackpool FY1
8
beds Flat
Freehold
Added on 16/09/2026
About this property
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.
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
Floorplan
Price guide
This home
£529 / sq ft
Area average (sold)
£120 / sq ft
Price per area, sold homes nearby
£72 / sq ft
£529 / sq ft
£172 / sq ft
Lowest
This home
Highest
£529 per sq ft, above 9 in 10 recent sales in FY1 (£72–£172, 10th–90th percentile, 654 sales over 24 months).
Lowest and highest are the 10th and 90th percentiles of 654 homes sold in FY1 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in FY1 →
Location
Reads Avenue, Blackpool FY1, FY1 4DG
- Council tax
- Band D (Approx £2,513/year)The agent has not stated the band, so band D is shown as the local reference: Blackpool's 2026/27 area average, including the typical parish precept. The actual band and any discounts change the bill.
Mortgage and stamp duty
Property price £165,000
£82k £248k
Deposit10% £17,000
£0 £165k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £148,000 mortgage. Most lenders would want a household income of about £33,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Historic sold prices nearby
HM Land Registry sales in FY1 4DG. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 97, Reads Avenue Detached | Detached | Apr 2014 | 2,045 sq ft £142/sq ft | 2,045 sq ft | £142 | £290,000 |
| 95, Reads Avenue Semi-detached | Semi-detached | Aug 2011 | — | — | — | £170,000 |
| 71, Reads Avenue Semi-detached | Semi-detached | Dec 2009 | — | — | — | £165,000 |
| 53, Reads Avenue Terraced | Terraced | Jul 2008 | — | — | — | £217,000 |
| 73 - 75, Reads Avenue Terraced | Terraced | Nov 2007 | — | — | — | £327,500 |
| 61, Reads Avenue Terraced | Terraced | Sept 2007 | — | — | — | £250,000 |
| 63, Reads Avenue Terraced | Terraced | Sept 2007 | — | — | — | £304,000 |
| 55, Reads Avenue Semi-detached | Semi-detached | Jun 2007 | — | — | — | £132,500 |
Area insights
The neighbourhood around this property.
