- Three fully let flats on one title, delivering immediate income from day one +
- Strong gross yield of 8.14%, outperforming typical residential investments +
- Long term tenants in situ with benefit-assisted income for added stability +
- Priced below 2025 lender valuation (£183,000) offering instant equity upside +
- Flexible tenancy structure +
- Exceptionally long lease (885 year) +
Investment Opportunity - 6 Durham Avenue, Lytham St Annes, FY8 2BD
Guide Price: £170,000
Three Self-Contained Flats | Tenants in Situ | Strong Yield with Asset Upside
An attractive residential investment opportunity comprising three self-contained flats held on a single title, located in the established rental area of Lytham St Annes (FY8). The property is offered with tenants in situ, providing immediate income and long-term investment security.
Property Composition & Income
Flat 1 - One-Bedroom Flat: £476 pcm
Flat 2 - One-Bedroom Flat: £412 pcm
Flat 3 - Studio Flat: £266 pcm
Total Monthly Income: £1,154 pcm
Total Annual Income: £13,848 pa
Configuration:
2 × One-bedroom flats
1 × Studio flat
All units held on one title
Tenancy Profile & Security
All flats are occupied by long-term tenants (5+ years)
Tenants are benefit-assisted in one form or another, offering dependable rental continuity
No historic tenancy issues
Break clauses included within the tenancy agreements, providing flexibility for future management or asset repositioning
Sold with tenants in situ, ensuring income from completion
This setup is ideal for investors seeking stable, low-turnover income with optional flexibility built into the leases.
Tenure Information
Leasehold
Approximately 885 years remaining
Ground Rent: £7.65 per annum (nominal)
Valuation & Pricing
Paragon Bank valuation (2025): £183,000
Asking Price: £170,000
Gross Annual Income: £13,848
Gross Yield: circa 8.18%
LET PURE INVESTOR TAKE THE STRAIN AWAY .....
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.
Fully managed lettings and property management service
Comprehensive coverage throughout England and Wales
One team, one fee across your full portfolio
Rental income protection available
Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: to find out more