3-bedroom flat · PR1 3AN
For saleReduced £5k (−3.1%) on 23 MarListed 283 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious three double bedroom second floor apartment boasting an idyllic outlook overlooking Winckley Square. Fantastic investment with tenant in situ and income of £12,000 per anum.
Cash Buyers Only Situated within the heart of Preston city centre offering excellent access to city centre amenities, restaurants. Wine bars, train station and Avenham Park.
The generous accommodation briefly comprises; hallway, living room / breakfast kitchen, three double bedrooms with master en-suite shower room and modern bathroom.
Double glazing with fitted plantation shutters throughout, electric heating system and covered allocated parking. No chain delay and viewing highly recommended. Leasehold. Hallway Wood panelled door.
Living Room / Dining Kitchen (5.03m x 4.5m) Double glazed sash windows to the front and side with plantation shutters boasting picturesque views over Winckley Square, a range of high gloss wall and base units with complementary work surfaces, electric hob and oven with extractor, stainless steel sink and drainer, integrated fridge and freezer, space for washer and electric radiator.
Bedroom One (4.98m x 2.57m) Double glazed window with plantation shutters and electric radiator.
Master En-Suite (2.87m x 1.35m) Modern three piece suite comprising; shower cubicle, wash basin, low flush wc, tiled walls and flooring, heated towel rail.
Bedroom Two (4.75m x 2.03m) Double glazed window with plantation shutters with views over Winckley Square and electric radiator.
Bedroom Three (3.48m x 2.54m) Double glazed window with plantation shutters with views overlooking Winckley Square and electric radiator.
Bathroom (2.34m x 1.7m) Modern three piece suite comprising; bath with shower over, wash basin, low flush wc, tiled walls and flooring, heated towel rail and extractor.
Allocated Parking Covered allocated parking space. Council Tax Band & Tenure We have been advised by the seller that the Council Tax Band is Band B and the Tenure is Leasehold.
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 34, Guild House, 17, Cross Street, Lancashire
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