Modern Method of Auction
Auction date not yet published
2-bedroom flat · PR25 2SF
For saleReduced £5k (−5.3%) on 3 SepListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground floor apartment in over 55s development sold with no chain. Ideal alternative to a bungalow with communal entrance, lifeline alarms and all maintenance managed.
The apartment comprises of spacious light and airy lounge with two external windows, new fitted kitchens and new cooker. Two double bedrooms and a three piece bathroom with walk-in shower.
The property is located close to Leyland Town Centre and is within walking distance of all amenities such as Doctors/Dentist, shops and supermarkets, library and leisure centre.
Also within easy reach of M6, M65 and M61 motorway junctions. Communal gardens with lawns, planted borders and areas for drying washing, ample parking (not allocated), bin store / recycling areas.
To be sold by modern method of auction. Ref; GB0615 services all mains connected but no gas.
Local authority south ribble borough council band 'B' tenure leasehold - management fee of approx £152 per month which includes garden maintenance, cleaning of communal areas, lifeline system, maintenance of common parts including roof, drains & car park etc.
Ground rent £75 every 6 months. Disclaimer.
I endeavour to make my particulars accurate and reliable, however, they do not constitute or form part of an offer or agreement or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by me and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
A party must rely on its own investigation(s). Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional.
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.
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FAQ
About 3, Kings Court, Leyland
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