We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · PR1 3TF
For saleListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Exceptional City Centre Living - Perfect for Investors, First-Time Buyers.
Occupying a prime position within Preston's thriving city centre, this beautifully presented one bedroom apartment offers a superb blend of modern living and urban convenience.
Perfectly suited to first-time buyers and investors alike, the property provides an attractive opportunity to acquire a low-maintenance home in a highly sought-after location.
The surrounding area boasts an impressive selection of amenities right on your doorstep, including a wide range of retail outlets, popular restaurants, vibrant bars, independent cafés, all contributing to the dynamic city lifestyle.
Excellent transport links are also within easy reach, with Preston railway and bus stations just a short stroll away, offering direct connections to key destinations across the North and beyond.
The property is also ideally located for access to the University of Central Lancashire (uclan), making it particularly appealing for the rental market.
Internally, the apartment is well proportioned and thoughtfully laid out.
A welcoming entrance hallway leads through to a bright and spacious open-plan living area, designed to maximise both comfort and functionality.
The contemporary kitchen is fully fitted with integrated appliances, creating a sleek and practical space ideal for modern living.
The double bedroom is generously sized, offering ample space for furnishings, while the bathroom is finished to a clean and modern standard.
Further benefits include a secure entry system for added peace of mind, Economy 7 electric heating, and double glazing throughout, ensuring both efficiency and comfort.
Offering both lifestyle appeal and strong investment potential, this property represents an excellent opportunity in one of Preston's most convenient and well-connected locations.
Early viewing is highly recommended. This is a leasehold property, with a combined ground rent and service charge of approximately £240 per quarter.
Contact Open House Lancashire today to arrange your viewing! Council Tax Band: A Tenure: Leasehold
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Flat 9 The Goldthread Works, Preston
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