81 Alexandra Road

81 Alexandra Drive is a residential property located in the South Shore area of Blackpool. It is situated in a desirable area with easy access to local amenities, schools and public transport links. The property consists of 3 self contained flats each offering two bedrooms, bathroom, lounge and kitchen. The property is in need of renovation to bring it up to modern standards. Well-executed renovations will significantly boost the property value and rental income.

Transport Links: Blackpool South train station is within easy walking distance, providing connections to Preston and beyond. The property is well-served by local bus routes, providing residents easy access to Blackpool town centre, nearby towns and key attractions. Road connections, including the M55 motorway, provide access to nearby cities such as Preston and Manchester.

ROI of 10% is a strong indicator of profitability, especially in a market where average yields for residential properties in many parts of the UK hover around 4-6%. These numbers suggest that this property can generate a high return relative to its cost, outperforming typical investments in property. The achievable rent of £550 per month per flat is reasonable given Blackpool's strong rental market and this could potentially rise over time, increasing yield.

Refurbishing the flats gives the investor the opportunity to add significant value to the property, increasing its attractiveness to tenants and potentially raising the rental price or sale price.
Refurbishments to modern standards make the property more competitive and reduce the need for major maintenance for several years, further improving long-term profitability.

• Stamp Duty (£6,750)
• Legal Fees (£750)
• Building Insurance (£1,500)

The area is largely residential with a variety of terraced and semi-detached homes, as well as flats, catering to a mix of families, workers and retirees. It is generally considered a quiet and community-focused neighbourhood. Alexandra Road is just a short walk from Blackpool's promenade, offering easy access to scenic views, fresh sea air and the town’s renowned tourist attractions. There are several primary schools and secondary schools in the surrounding area, making the neighbourhood suitable for families with children. In addition, Blackpool and The Fylde College is not to far which should also attract students looking for rental accommodation.

Blackpool is known for its vibrant tourism industry which attracts millions of visitors every year. The town’s economy which is supported by entertainment, hospitality and regeneration projects, ensures ongoing demand for rental properties. As the town further invests in infrastructure, businesses and regeneration projects, Blackpool will continue to see a further uplift in rental demand and property prices. This positions Blackpool as a future growth area while also offering current rental income stability.

Blackpool is undergoing regeneration efforts to improve the local economy and infrastructure, which often leads to increased property values. This property could benefit from capital appreciation over the long term, in addition to the steady rental income.