3-bedroom flat · PR1 1AW
For saleListed 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious and well-presented three-bedroom (two bathroom) apartment for sale in the popular Exchange Building in Preston.
The apartment, which will be sold with the current tenant in situ represents an excellent investment opportunity for landlords seeking a high yield investment in the Preston area.
Priced at £275,000 and tenanted at £1,700.00 per month, the property is being brought to market at a gross yield of 7.4% - comfortably ahead of both the national and regional averages, in a price bracket that keeps the deposit and stamp duty commitment modest for a buy-to-let purchase.
KEY FINANCIALS Asking price: £275,000 Current rent: £1,700 pcm Gross annual income: £20,400.00 per annum Gross yield: 7.4% PROPERTY DETAILS Property type: Three-bedroom (two bathroom) apartment Bedrooms: 3 Tenure: Tenanted - sold with tenant in situ EPC rating: B Postcode: PR1 1AW Local authority: Preston City Council On-site concierge and reception Gymnasium 197-year leasehold Annual service charge - £1,995.00 per annum Annual ground rent - £188.00 TENANCY AT A GLANCE The property is currently let at £1,700.00 per calendar month, providing an incoming landlord with immediate, uninterrupted rental income and none of the costs or delay associated with sourcing a new tenant, referencing, or redecorating a vacant property.
Full tenancy details are available on request. The current tenant is a single professional working in the local area.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs
FAQ
About The Exchange, Percy Street, Preston, Lancashire
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