2-bedroom flat · PR2 8JJ
Let agreedListed 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Quote ref NR0608 Set within a popular residential development on Derby Road in Fulwood, this spacious two-bedroom second-floor apartment has recently benefited from fresh decoration and new carpets throughout, creating a clean and welcoming home ready for its next tenants.
The accommodation extends to approximately 528 sq ft and offers a practical layout with noticeably good room sizes.
From the entrance hallway there is useful built-in storage, with doors leading to each of the main rooms.
The lounge is a real highlight, measuring approximately 16'11" x 9'0", providing plenty of space for both living and dining furniture.
A large window brings in plenty of natural light, while the kitchen sits conveniently just off the lounge.
The fitted kitchen provides a good range of wall and base units with worktop space, an integrated electric oven and hob, together with a washer dryer and fridge freezer, both of which are included with the property.
There are two well-proportioned bedrooms, with the main bedroom measuring approximately 13'5" x 10'0".
The second bedroom is also a useful size at approximately 14'5" x 6'11", making it suitable as a bedroom, home office or additional living space.
The bathroom is fitted with a three-piece suite comprising bath with shower over, wash hand basin and WC.
Externally, the development benefits from residents' parking, while the Derby Road location puts the apartment within easy reach of Fulwood's shops and amenities, Royal Preston Hospital and transport links into Preston city centre and the surrounding area.
With new carpets, fresh décor, two genuinely useful bedrooms and appliances included, this is a practical and well-positioned apartment that should appeal to a range of tenants.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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.
Area
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FAQ
About 39, Derby Road, Preston
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