Apartment FOR SALE in Fleetwood, Lancashire

Property Description

High-Yield Mixed-Use Investment – 2 × 3-Bed Flats + Conversion Opportunity – Fleetwood FY7
An excellent opportunity to acquire a freehold mixed-use investment in the heart of Fleetwood, offering strong income, long-term tenant security, and clear value-add potential.
The property comprises two newly refurbished three-bedroom flats, both let to housing providers at £855 PCM each, alongside a ground floor commercial unit with additional cellar space. The residential units are configured to meet HMO compliance standards, making them highly attractive to supported accommodation providers and ensuring stable, long-term occupancy.
Currently generating £28,920 per annum, the asset already delivers a strong yield. However, the key upside lies in the ground floor commercial unit, which can either be let at approximately £700 PCM or converted into a third residential unit (subject to planning), aligning with the upper flats.
Housing providers have indicated demand for additional units, providing a clear pathway to increased income and improved yield performance.
Size / Area
Approx. 3,817 sq ft
Sale or Rent
For Sale
Price
£290,000
Key Features
Freehold mixed-use building
Approx. 3,817 sq ft
2 × 3-bedroom self-contained flats
Ground floor commercial unit + cellar
£1,710 PCM from residential units
£700 PCM commercial rental potential
£28,920 current annual income
~9.97% gross yield
Potential to increase to ~10.6% yield
Conversion opportunity (STPP)
Let to housing providers (secure income)
Central Fleetwood location
Location Description
Fleetwood (FY7) is a coastal town with a stable rental market, driven by affordability and demand for supported and social housing. The town centre location ensures access to local amenities, transport links, and employment, supporting consistent tenant demand.
Investment Angle
This asset offers a dual-income and value-add investment strategy:
Immediate strong yield (~10%)
Secure income via housing providers
Upside through commercial letting or residential conversion
Potential to increase income to £30,780+ per annum
The combination of low entry price, strong yield, and clear exit strategy makes this an attractive opportunity for investors seeking both income and capital growth.
For full details, RICS valuation, and to arrange a viewing, contact Fraser Bond today.
Opportunities with this level of yield and conversion potential are rarely available at this price point.