18 Palatine Road, Blackpool, Lancashire

Description

A substantial freehold property operating as 8 self-contained holiday apartments. Situated in a prime tourist position on Palatine Road, the building is split into three 1-bedroom apartments, three studio apartments, one split-level family suite, and one ground-floor 1-bedroom apartment. Most notably, it sits directly adjacent to the upcoming £300 million Blackpool Central leisure development, placing it in a major regeneration zone less than a mile from the town centre and a short away from the seafront and Central Pier.

Accommodation

Eight self-contained holiday flats: three 1-bedroom apartments, three studio apartments, one split-level family suite, and one ground-floor 1-bedroom apartment.

Location

Situated on Palatine Road, directly adjacent to the upcoming £300 million Blackpool Central leisure development, less than a mile from the town centre and a short distance from the seafront and Central Pier.

Tenure / Property Information

Tenure	Freehold
Lease	Freehold; Title number: LA874908
EPC	Current Rating C
Council Tax	Band A

Investment Analysis

The property is described as a substantial freehold block containing eight self-contained holiday apartments, adjacent to the proposed Blackpool Central leisure development. No completed sales, formal valuation, operating accounts, occupancy data or holiday-let income evidence has been supplied, so GDV and investment value cannot be reliably estimated. The £165,000 guide equates to £20,625 per apartment before fees, but this is not a valuation.

Investment Snapshot

Guide Price

£165,000 plus fees

Strategy Recommendation

Treat as a specialist holiday-accommodation investment only pending inspection, legal-pack review, trading accounts, occupancy data, planning and compliance checks. Do not set a bid ceiling from the current evidence; obtain an independent valuation and verified income before bidding.

Works Required

No specific defects or refurbishment requirements are evidenced. Verify the condition, compliance, fire safety, furnishings, utilities, communal areas and holiday-letting setup through inspection and the legal pack before bidding.

Rental & Market Context

Flats and apartments to rent in Blackpool, Lancashire — 3 bed — — Advertised asking rent

£800 pcm

Potential BRRR Position

BRRR analysis is unsupported because there is no GDV, refurbishment budget, operating income, valuation evidence or finance-cost information. The 2.75% administration charge on the £165,000 guide would be £4,537.50, before any buyer premium, disbursements or other legal costs; the minimum charge does not apply. Refinance capacity cannot be calculated without a supported GDV.

Buy-to-Let Analysis

A conventional BTL yield cannot be established. The only rental evidence is an advertised £800 pcm asking rent for a three-bedroom flat, which is not directly comparable with the three one-bedroom apartments, three studios, family suite and ground-floor one-bedroom apartment. Holiday accommodation income, occupancy, operating costs and licensing/compliance evidence are absent.

Flip Analysis

A flip surplus cannot be calculated because no completed comparable sales, GDV, works allowance or supported selling-cost allowance has been supplied. The property is configured as eight holiday apartments, so resale demand and any conversion or operating requirements require specific due diligence.

Investor Risks & Due Diligence

• No verified holiday-let income, occupancy or trading accounts are supplied.

• The only rental evidence is an advertised asking rent for a non-comparable three-bedroom flat.

• No condition survey or refurbishment budget is supplied.

• Buyer premium, disbursements, seller-cost reimbursement, legal fees and transfer fees may be payable but are unquantified.

• Planning, licensing, fire-safety and other compliance status for the eight holiday apartments is not evidenced.

• The proposed Blackpool Central development is described but its delivery, timing and effect on value or demand are not guaranteed.

• Specialist holiday-accommodation resale and finance risk cannot be assessed from the supplied evidence.

Recommendation

Treat as a specialist holiday-accommodation investment only pending inspection, legal-pack review, trading accounts, occupancy data, planning and compliance checks. Do not set a bid ceiling from the current evidence; obtain an independent valuation and verified income before bidding.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low

The description, tenure, unit mix, guide price, EPC and administration charge are supplied, but there are no comparable sales, property-specific rent or trading data, occupancy information, condition report, works budget or GDV evidence.