10, Firbank, Preston, PR5 6SU

2-bedroom flat · PR5 6SU

624 sq ftEPC B1 bath

Asking

£116,500

For saleReduced £50 (−0%) on 21 JunListed 142 days

Investor metrics

Opportunity summary

See Archie’s verdict, returns by strategy and what to check before viewing.

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About

The property

Generously sized as new 2 Bedroom/2 Bathroom 1st Floor Apartment, located in a quiet residential area in (South) Preston with excellent motorway access.

Ideally located close to all local amenities including shops, supermarkets, M6/61/65.

Briefly comprises; Entrance hallway, a large lounge area, a contemporary fitted kitchen with integrated appliances, three piece bathroom suite, two Double bedrooms with master being en-suite with fitted robes.

Storage and ideal parking bay. Early viewing is highly-advised!

Property Ownership Information Tenure Leasehold Council Tax Band A Annual Ground Rent £150.00 Ground Rent Review Period No review period Annual Service Charge £1,000.00 Service Charge Review Period No review period Lease End Date 01/01/2256 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.

It has been verified by the seller(s), unless marked as "draft".

Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.

If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.

All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.

Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.

You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.

The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.

Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Key information

Price per Square Foot

£187/sq ft

Based on 624 sq ft (58 sq m)

Floor Area

624 sq ft (58 sq m)

Council Tax Band

Band A

Estimated ~£1200/year

EPC Rating

current

Tenure

Leasehold

Property Age

England and Wales: 2003-2006

Local Authority

South Ribble District (B)

District

County

Lancashire County

Value & comps

What is it worth?

No previous sales on record.

Comparable salesNo comps yet

No comparable sales matched this property yet.

Returns

What does it return?

Set an offer; the calculator follows it.

Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

We're still gathering serviced-accommodation data for this area.

Archie refurb estimate: a Pro feature

Model an offerFeeds your report · not a commitment

0.0% below asking

Model

Run the numbers.

BTL · HMO · BRRR · SA · Flip — editable, saved scenarios

Investment calculatorBTL · BRRR · HMO · Flip · SA · R2R — editable inputs, saved scenarios

Investment Disclaimer

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 advisors before making any investment decisions.

Past performance does not guarantee future results. Tax implications vary by individual circumstances.

Mortgage

Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

Deal score · weighted

Weak signals — move on

Factor breakdown

BMV discountNot calculated, and not zero — there is no value estimate for this property to discount against.

0/25

Yield potential—

0/25

Motivation signalsNot enough data

0/25

Days on market142 days · price-fatigue

17/25

—

Seller motivation

Not scored yet

Days on market142

Price reduction-0.0%

STC fall-through—

Back to market—

Agency change—

EPC ratingB

Listing timeline

First listedListed at £116,55031-05-2026

Price reduced£116,550 → £116,500 (-0.0%)21-06-2026

Still activeDay 142 on marketToday

Strategy fit

No strategy scores available yet.

HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.