5-bedroom terraced house · PR1 6LY
Listing removedListed 54 daysAuction 16 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Under The Hammer online auction on Wednesday 16th September 2026. Head over to our website to download the legal pack, register to bid and see more information.
A Long Leasehold (800 Years) Investment Property producing 26,591.75 per annum internally arranged to provide Five Letting Rooms, extending to approximately 78 sq m (840 sq ft).
The property is held on a 999 year lease from 1887 (approximately 860 years unexpired) and presents an income-producing investment opportunity.
The property is let to Cedar Care Group cic on a lease expiring 18th November 2044, producing a current rent reserved of £26,591.75 per annum.
Please note there is an ongoing dispute relating to the leasehold interest and rent - purchasers must refer to the legal pack and Special Conditions of Sale for full details.
Externally, the property benefits from a Rear Yard.
Situated on St Michael's Road in the Deepdale area of Preston, the property is conveniently positioned for a range of local shops and everyday amenities, with Moor Park and Deepdale Stadium close by and Preston city centre within easy reach.
Preston Railway Station is approximately 1.4 miles away, while regular bus services and the M55 and M6 motorway networks provide convenient access throughout Preston and the wider area.
Here's what to do next Visit - Our website and view the auction terms. View - Book a viewing directly through our website. Register - Get registered prior to the auction opening date.
Legal Pack - Download and view the legal pack to find out all the relevant information. Prior Auction Offer - Want it now? Submit a prior auction offer through our website.
All offer's go direct to the seller. Bidding - Everything is completed online through the website and the intuitive bidding controls.
If you would like your property to go into our next auction then contact our auction experts on or submit a valuation on our website
Value & comps
No previous sales on record.
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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 starting price
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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 7 St. Michaels Road, 7 St. Michaels Road, Preston
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