2-bedroom flat · PR1 2RA
Sold STCReduced £5k (−5%) on 9 SepListed 218 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern and spacious fully furnished two double bedroom third floor apartment boasting two bathrooms and offers no chain delay.
Situated within this excellent location for Preston city centre and UClan.
The generous sized accommodation briefly comprises; hallway, open plan lounge with Juliet balcony / dining kitchen with integrated appliances, two double bedrooms, master en-suite and guest bathroom.
Double glazing, electric heating system, a lift services the accommodation and secure gated access with an allocated parking space. Viewing highly recommended.
Hallway Wood panelled door, electric radiator and cylinder cupboard.
Lounge / Dining Kitchen (5.98m x 3.41m) Double glazed french doors to the front, range of wall and base units with complementary work surfaces, stainless steel sink and drainer, electric hob and oven with extractor, glass splashback, integrated fridge, freezer, dishwasher, space for washer/dryer.
Bedroom One (3.16m x 3.13m) Double glazed window to the front and electric radiator.
Master En-Suite (2.13m x 1.11m) Modern three piece suite comprising; shower cubicle, wash basin, low flush wc, part tiled walls, tiled flooring and heated towel rail.
Bedroom Two (3.4m x 2.46m) Double glazed window to the front and electric radiator.
Guest Bathroom (2.09m x 1.69m) Modern three piece suite comprising; bath with shower over, wash basin, push button wc, part tiled walls, tiled flooring and heated towel rail.
Parking Secure gated entrance and allocated parking space. Council Tax Band & Tenure We have been advised by the seller that the Council Tax Band is Band A and the Tenure is Leasehold.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 40 Light Buildings,, Lumen Court, Lancashire
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