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 workStudio · PR2 9TB
No longer listedReduced £2k (−3.6%) on 15 OctListed 412 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Studio Apartment With Car parking space. Location Highlights: Walkable distance to Royal Preston hospital.
Easy access to motorway Close to local amenities, shops, and public transport links Investment Details: Currently achieving £500.00 per calendar month rental income Strong yield of over 10% return This property represents an excellent buy-to-let investment with strong rental demand in the area.
Council Tax Band: A (Preston City Council) Tenure: Leasehold Ground Rent: £150 per year Annual fee of Landlord Service £33 ( First Property services) Ground Maintenance - £7.20pcm (First Port) Communal Electric - £1.20pcm (First Port) Lease for 120 years commencing on the 29th of September 1983 expiring 29th of September 2103.
78 years remain of the term as of Sep 2025
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
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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.
Area
Agent & docs
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FAQ
About 19 Longley Close, Preston
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