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See how verdicts work2-bedroom flat · PR1 2RA
Listing removedReduced £5k (−4.8%) on 1 SepListed 341 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This modern two bedroom apartment in Preston city centre is perfect for both investors and first time buyers.
Recently renovated and in move-in condition, it offers so much space with a large lounge / kitchen, two double bedrooms with the main bedroom having an en-suite and a separate bathroom.
Call to arrange a viewing before it sells. This spacious modern apartment offers city centre living at its best.
Located in a lovely block of apartments with secure parking, it is ideal for a first time buyer wanting to live in the city centre or an investor looking for an excellent buy to let investment in an area where the rental demand is high.
Internally the apartment consists of a lounge / kitchen, two bedrooms, en-suite and a bathroom.
The lounge / kitchen is an excellent size and is so light with double doors leading to the balcony which let in so much natural light.
The kitchen comes with built-in appliances including a cooker, fridge / freezer and a washing machine.
Both of the bedrooms are light and spacious doubles and the main bedroom has the added benefit of an en-suite. The bathroom is fresh and modern with a bath with a shower over.
The apartment has recently been renovated and is in move-in condition meaning that the new occupier can move in and enjoy living there immediately.
It is ultra modern and comes with glass panel heaters that can be controlled using Amazon, Alexa, Google Assistant and Tuya Smart App.
The block of apartments has spacious well maintained corridors and communal areas and there are lifts to all floors.
There is secure resident parking providing the major benefit of a parking space with city centre living.
Being located in Preston city centre means that there are bars, cafes, shops and plenty of amenities on the doorstep providing a great area to live in.
The local transport links are brilliant with the bus station and train station being nearby. This is a leasehold property.
Length of lease - 125 years commencing on 1st January 2008 Service charge - £2104 annually (£503.50 billed quarterly) Ground rent - £250 annually (£125 billed half yearly) EPC rating - C Council tax band - A Whenever we bring apartments to the market for sale in Preston city centre, there is a lot of interest in them from first time buyers and investors so call to arrange a viewing as soon as possible to avoid missing out.
Please contact Kingswood. Fulwood Office: Watling Street Road, Fulwood, Preston, PR2 8EA Disclaimer: These particulars, whilst believed to be correct, do not form any part of an offer or contract.
Intending purchasers should not rely on them as statements or representation of fact.
No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Entrance Hallway (4.62m x 3.38m) Entrance door, two ceiling light points and a wall mounted heater.
Lounge / Kitchen (6.58m x 3.30m) Two ceiling light points, ceiling spotlights, double doors leading to the balcony, wall and base units with contrasting work surfaces, electric hob, extractor, built-in oven, integral fridge / freezer, integral washing machine, sink and drainer and a wall mounted heater.
Bedroom 1 (5.09m x 3.27m) Ceiling light point, double glazed window, wall mounted heater and a door leading to the en-suite.
En-Suite (2.20m x 1.22m) Ceiling spotlights, walk-in shower, low level WC, hand wash basin and a heated towel rail.
Bedroom 2 (3.98m x 2.10m) Ceiling light point, double glazed window and a wall mounted heater.
Bathroom (2.28m x 1.95m) Ceiling spotlights, bath with shower over, low level WC, hand wash basin and a heated towel rail.
Disclaimer These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact.
No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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
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 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.
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About 32 Light Buildings,, Lumen Court, Preston
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