298-300 Lytham Road, Blackpool, Lancashire

Description

Ground Floor Commercial Unit & Three-Bedroom Flat Above. This mixed-use property comprises a vacant, self-contained three-bedroom flat at 298 Lytham Road and a vacant commercial premises at 300 Lytham Road, with a basement previously used as storage.

Accommodation

298 Lytham Road: Self-contained three-bedroom flat with its own private entrance located on the ground floor. Stairs lead up to a living room, separate kitchen, three bedrooms, bathroom and separate WC. Previously used as office space. 300 Lytham Road: Ground-floor vacant commercial premises totalling approximately 1,345 sqft, currently internally subdivided with the possibility to provide mainly open-plan commercial space. Extended to the rear to provide storage space. Basement level previously used as storage space, totalling approximately 380 sqft.

Location

Located on Lytham Road in South Shore Blackpool.

Tenure / Property Information

Investment Analysis

The £95,000 guide is broadly aligned with the supplied £95,000 sale at 320 Lytham Road, but the other nearby sales range from £107,000 to £171,500 and £288,000 and are described differently or less specifically. The evidence does not support a reliable GDV for this mixed-use property.

Investment Snapshot

Strategy Recommendation

Proceed only after legal, planning, condition and commercial/residential valuation due diligence. Do not underwrite on rental or resale assumptions absent further evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Potential works may include reviewing the internal subdivision of the commercial unit and any required adaptation or reconfiguration, subject to surveys, consents and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed without a supported GDV, refurbishment budget, rental evidence and finance assumptions. The vacant mixed-use configuration may require separate residential and commercial assessments.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The property is vacant and includes both a three-bedroom flat and commercial premises.

Flip Analysis

A flip surplus cannot be calculated reliably because no supported GDV, works budget or selling-cost allowance is available. Nearby completed sales are insufficiently specific and vary materially in price and description.

Investor Risks & Due Diligence

• The property is vacant, with no supported passing or achievable rent.

• No sufficiently specific rental comparables or auctioneer rent estimate are supplied.

• The commercial and residential elements require separate demand and valuation assessment.

• The flat was previously used as office space; use, consent and suitability should be verified.

• Buyer fees, legal-pack disbursements and special-condition costs may increase total acquisition cost.

• The basement was previously used for storage; its condition and permitted use are not evidenced.

Recommendation

Proceed only after legal, planning, condition and commercial/residential valuation due diligence. Do not underwrite on rental or resale assumptions absent further evidence.

Strategy Rating

Analysis Confidence

The evidence confirms the accommodation, tenure, vacancy and guide price, but provides no EPC, rent, condition, GDV, refurbishment budget or sufficiently specific comparable evidence.