8 bed block of flats for sale

Knowle Avenue, Blackpool FY2

For Sale by Online Auction with a Starting Bid of £240,000. Substantial Block of 6 Apartments and 2 Garages with a Projected Income of circa £33,400 P.A. T&Cs Apply. See WebbMove for all the Auction Details.

For Sale by Online Auction with a Starting Bid of £240,000. Terms and Conditions Apply. See WebbMove for all the Auction Details.

A rare opportunity for investors to acquire a substantial freehold block of six apartments with two garages, extending to almost 3,000 sq. Ft., in the highly regarded coastal suburb of Bispham. Situated just moments from Queen's Promenade, the property occupies a sought-after position close to the seafront, local amenities, transport links and popular leisure facilities, making it an attractive and sustainable rental location.

The block comprises a mix of one studio apartment, four one-bedroom apartments and a spacious three-bedroom ground floor apartment. All six apartments and both garages are fully let, providing immediate income from day one and removing any initial letting risk for the incoming purchaser.

The property currently generates approximately £33,400 per annum, producing an impressive 15% gross yield based on the starting price. Opportunities to acquire fully occupied multi-unit blocks at this level of return are increasingly rare, particularly in established coastal locations with strong tenant demand.

The current accommodation comprises a substantial three-bedroom ground floor apartment let at £606.67 pcm, together with four one-bedroom apartments currently producing rents of £390 pcm, £433 pcm, £420 pcm and £420 pcm respectively. The studio apartment is also let at £420 pcm, while the two garages generate a combined rental income of £173.33 pcm.

Bispham remains one of Blackpool's most desirable residential areas, with Queen's Promenade providing attractive coastal walks, excellent tram connections and easy access to both Blackpool and Cleveleys. The area benefits from a strong local amenities offering, good transport connectivity and sustained rental demand, making it a proven location for residential investment. The property is also well positioned to benefit from Blackpool's continued regeneration and investment programmes, which are helping to support long-term economic and property market growth across the town.

N.B. Photographs and virtual tour were taken last year (2025).

There is also an opportunity to acquire two additional apartment blocks on Northumberland Avenue. Purchasers interested in expanding their holdings may be able to acquire all three assets as a portfolio at a discounted rate. Please contact Steven in the sales team for further information.

Coverage broadband

We are advised that the property can obtain Fibre to the Cabinet (fttc)
Mobile data


We are advised that you are likely to have mobile coverage

We would suggest that you also make your own enquiries as to Mobile Data coverage

auction information This property is for sale by online auction under WebbMove Auctions ('The Auctioneer'). Lots sold by the Auctioneer will typically be sold under unconditional auction terms.

The auction end date for this property is scheduled for 30th June 2026. Please note some circumstances can cause this date to change, and it may close before the scheduled end date.

Upon acceptance of their bid, the winning bidder will be required to pay both a deposit and a buyer's premium within 24 hours. Typically, this will be 10% of the sale price and 4% plus VAT of the sale price (subject to a minimum of £4,000 plus VAT) respectively. The deposit will form part of the sale price on completion of the sale, the buyer's premium will be retained by The Auctioneer as a fee for their services.

Most properties can be viewed prior to the auction date either in person or through our virtual 360 tours and can be arranged via Tiger Sales and Lettings.

Prospective buyers will be required to register with The Auctioneer, upon doing this they will be able to download legal information and place bids. Visit the Auctioneer's website to register, in-line with anti-money laundering regulations, a prospective buyer's identity will have to be verified before a bid(s) can be placed.

For specifics relating to the auction/sale, a buyer should download and review the Legal Pack via The Auctioneer's website, paying special attention to the Special Conditions, the auctioneers' terms and conditions, and the RICS Common Auction Conditions. We recommend seeking the advice of a competent legal advisor before placing a bid.

Looking to sell by auction rather than buy? Get in touch for your free valuation! You never know, your property may be worth more than you think.

WebbMove Auctions is a trading name of Tiger Sales and Lettings Ltd.