8 bedroom house of multiple occupation for sale

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8 bedroom house of multiple occupation for sale

Springfield Road, Blackpool, Lancashire, FY1
£550,000

Price History

Initial price £900,000
19/09/24 £680,000
27/09/24 £600,000
04/10/24 £595,000
11/10/24 £590,000
17/10/24 £585,000
25/10/24 £575,000
31/10/24 £570,000
07/11/24 £565,000
14/11/24 £560,000
20/11/24 £555,000
27/11/24 £550,000
Price Change -38.89%

Description

This two-story property in Springfield, Blackpool, consists of four flats, each with two bedrooms, and is currently being used as a House of Multiple Occupancy (HMO). The property is located within walking distance of various amenities and offers the potential for fantastic rental returns. Each flat features spacious bedrooms, a shared kitchen, and bathroom, and is currently generating an annual gross income of £30,000, which could be increased to £54,000 with long-term tenants. The property presents a rewarding investment opportunity for investors looking to add to their portfolio, with a purchase price that could provide a worthwhile return.