6 bedroom House For Sale

This established HMO presents a rare chance to acquire a well-configured multi-let with strong proven rental performance and outstanding future income potential. Situated in a high-demand residential area of Blackpool, this licensed HMO stands out in a market where Article 4 restrictions make securing new HMO permissions increasingly difficult. This factor alone significantly enhances the asset's long-term value and barriers to entry for competitors.

Investment Highlights
- Six generous double bedrooms with strong occupancy levels
- Three en-suite shower rooms plus additional communal facilities
- Spacious communal lounge with dining area promoting tenant comfort and social living
- Well-equipped kitchen ideal for multiple occupants with plenty of ovens and storage
- Separate laundry room to serve household needs
- Three communal bathrooms ensuring convenience on each floor

Achieved Rental Performance
- Room 1 - £560 pcm
- Room 2 - £550 pcm
- Room 3 - £555 pcm
- Room 4 - £455 pcm
- Room 5 - £550 pcm
- Room 6 - £455 pcm
- Total Actual Income: £3,125 pcm (£37,500 pa)
- Gross Yield at Asking Price: 15.96%
There is further potential to increase these rents (particularly rooms 4 & 6) to further increase yield and the generous bedroom sizes provide scope for above-market rents when compared with many local HMOs.

Tenant demand drivers: Further education and training:

One of the biggest advantages here is how close the property is to Blackpool's key education hubs, which can act as reliable tenant pipelines.
- B&FC University Centre (Park Road, FY1 4ES): approx. 370m
- B&FC Gateway Campus (Park Road, FY1 4JN): approx. 292m
- B&FC Palatine Building (Palatine Road, FY1 4DW): approx. 442m
These walkable distances are a genuine selling point for occupancy resilience, particularly for students, apprentices, trainee professionals, and early-career renters. Additionally, Blackpool Multiversity is planned to open in the town in September 2027 which will host an additional ~3000 students and staff, further increasing rental demand.

Location & Transport Accessibility

The property enjoys excellent connectivity and tenant appeal.
- Bus Stops: Chapel Street bus stop ~188 m, Palatine Road ~346 m from the property providing regular services including routes 3, 5, 5A, 5B, 6, 11A, 11B, 121 and 424 linking to key areas of Blackpool and beyond.
- Tram Access: Blackpool Tramway (Central Pier stop) ~648 m offers direct light rail access along the coast between Starr Gate and Fleetwood.
- Train Stations: Blackpool North Station is the nearest mainline rail hub serving regional rail networks (Northern services).
- Motorway Access: M55 motorway junction is within easy reach via local road network offering connections toward Preston and the national motorway network.
Proximity to Local Amenities & Points of Interest
- Blackpool Victoria Hospital: approximately 2,800 metres away providing significant local employment and tenant demand drivers. Easily accessible via the local bus services.
- Blackpool and The Fylde College: Several campuses nearby including the University Centre on Park Road and Palatine Road serving further and higher education students, creating strong HMOs tenant pipelines.
- Town Centre & Leisure: Blackpool town centre, Promenade and leisure attractions are all walkable, enhancing rental appeal for both student and professional tenants.
- Local Amenities: A wide array of shops, cafes and services within walking distance increases desirability for long-term tenants.

Why This HMO Is a Strategic Investment

- Article 4 HMO Licensing Restricts Supply: Acquiring a property with an existing licence in this controlled market gives you a strategic asset with reinforced long-term trading security.
- Strong Rental Performance: Current income demonstrates resilience and appeal across a range of tenant types.
- Transport Links & Employment Hubs: Exceptional access to public transport, major employment centres and educational institutions broadens tenant catchment and reduces void periods.