Worst House on the Street Logo
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 1
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 2
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 3
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 4
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 5
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 6
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 7
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 8
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 9
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 10
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 11
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 12
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 13
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 14
159 Central Drive, Blackpool, Lancashire, FY1 5ED - Image 15

159 Central Drive, Blackpool, Lancashire, FY1 5ED

North West

£45,000

Listed on 24/06/2026

Property Details

Bedrooms
5
Type
Block Of Apartments
Area
452 sqft

Description

This mid-terrace property offers a promising investment opportunity, comprising five one-bedroom flats spread across three levels. Currently, one flat is occupied, generating an annual income of £4,680, with the potential to achieve an estimated rental value of £23,400 once fully let. The building is situated in a residential area close to local conveniences and leisure options at Blackpool Promenade, while also benefitting from access to public transport via Blackpool South railway station. The structure requires a refurbishment program and repairs to maximize its rental potential. Each flat includes a reception room with an open-plan kitchen, bedroom, and bathroom layout. This property presents an ideal chance for investors looking to rejuvenate and enhance the living spaces within this established community. Please note that there are additional legal considerations regarding overage as outlined in the legal pack.

Investment Analysis

(FY1 area)

Below Market Value

This property is priced -6.5% below area average per sq ft

-6.5%
Potential saving
This Property
£100/sq ft
Area Average
£107/sq ft
Avg Rent (weekly)
£142
Avg Yield
6.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£52,952
10% above area average per sq ft
Potential ROI
-44.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (FY1)

Area prices are stable by -0.8% over the last 12 months
3 year growth: -5.5%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on FY1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

159 Central Drive, Blackpool, Lancashire, FY1 5ED
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£170
Based on a loan of £33,750 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates

Similar Properties