£75,000
Rathmore Court
- 0 beds
£75,000
- 0 beds
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Four One-Bedroom Apartments for Sale at Rathmore House, Blackpool FY2 0RZ
£75,000 Each - Exceptional Rental Income Potential
Presenting a rare opportunity to acquire four one-bedroom apartments within the same development at Rathmore House, located in Blackpool FY2 0RZ. These flats offer excellent investment potential with long-standing tenants in situ and strong rental yields. The properties are priced at £75,000 each, offering a great entry point for investors seeking steady cash flow and long-term growth.
Property Overview:
Each apartment consists of a living room, a kitchen, a three-piece bathroom suite, and a well-sized bedroom. All flats come with 979 years remaining on the lease and an EPC rating of C, ensuring energy efficiency for both tenants and investors.
Investment Highlights:
* Flat 8:
o Rental Income: £540pcm
o Ground Rent: £50 per annum
o Service Charge: £0
o Tenancy: Current tenants on a 12-month contract from August 2025
o Gross Yield = (£6,480 ÷ £75,000) × 100 = 8.64%
o Net Yield = (£6,430 ÷ £75,000) × 100 = 8.57%
* Flat 9:
o Rental Income: £495pcm
o Ground Rent: £50 per annum
o Service Charge: £0
o Tenancy: Current tenants have been in situ for 10 years
o Gross Yield = (£5,940 ÷ £75,000) × 100 = 7.92%
o Net Yield = (£5,890 ÷ £75,000) × 100 = 7.85%
* Flat 10:
o Rental Income: £540pcm
o Ground Rent: £50 per annum
o Service Charge: £0
o Tenancy: Current tenants have been in situ for 10 years
o Gross Yield = (£6,480 ÷ £75,000) × 100 = 8.64%
o Net Yield = (£6,430 ÷ £75,000) × 100 = 8.57%
* Flat 11:
o Rental Income: £520pcm
o Ground Rent: £50 per annum
o Service Charge: £0
o Tenancy: Current tenants have been in situ for 10 years
o Gross Yield = (£6,240 ÷ £75,000) × 100 = 8.32%
o Net Yield = (£6,190 ÷ £75,000) × 100 = 8.25%
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