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Lytham Road, Blackpool, Lancashire, FY1 - Image 1
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Lytham Road, Blackpool, Lancashire, FY1

North West

£99,000
Listed on 25/04/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling opportunity for renovation and investment, boasting planning permission for the development of seven self-contained apartments. The existing two-story structure will require demolition, allowing for a fresh start and the ability to design modern living spaces in line with current market demands. Currently utilized as an NCP car park, this land parcel comes with vacant possession, providing immediate access for redevelopment. The location offers advantageous proximity to local amenities and transport links, enhancing its appeal for future tenants or buyers. The planning application can be reviewed under reference number 22/0713, showcasing the potential this site holds for generating rental income or capital growth through residential development. With freehold tenure, the new owner will have full control over the property’s future direction. This is an ideal venture for investors looking to capitalize on a prime location with significant growth potential. Viewing is available by appointment through Kenricks.

Investment Analysis

(FY1 area)
Area Average
£105/sq ft
Avg Rent (weekly)
£151
Avg Yield
7.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (FY1)

Area prices are rising by +4.5% over the last 12 months
3 year growth: -2.8%
5 year growth: 16.4%
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

Lytham Road, Blackpool, Lancashire, FY1
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£363
Based on a loan of £74,250 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE