2-bedroom house · PR1 3QU
For saleReduced £2k (−1.4%) on 6 OctListed 311 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This spacious two bedroom terraced house is a brilliant addition to an investment portfolio with already having long term tenants in situ paying £700pcm.
Located in the Frenchwood area of Preston with a large reception room, kitchen and two bedrooms. This property will not be around for long.
When you enter this spacious terraced property you are welcomed into a cosy vestibule giving you space between the main door and the lounge area.
From the vestibule you enter the very spacious lounge area that draws in lots of light from the main window.
You are then lead into the kitchen area where you have enough space for cooking and also having a small dining table to entertain plus an added storage cupboard to keep your larger items.
You are then greeted by a very good size rear yard. On the first floor you have two bedrooms, a family bathroom and a storage / walk in wardrobe.
The main bedroom has a lot of space to offer and bedroom two is a good size double room. The main bathroom has a bath with shower over and a large window making it very bright.
You also have the added benefit of having a walk-in wardrobe / large storage room coming off the landing perfect to save more space in the bedrooms. This is a freehold property.
Council tax band - A EPC rating - D Tenant in situ currently paying £700 pcm 'Due to the property being tenanted, there are no internal photographs.
The tenant did not want their personal possessions being shown on the Internet.' Whenever we bring terraced houses in Preston to the market for sale there is a lot of interest in them and we are expecting this to sell quickly.
Call to arrange a viewing. 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.
Ground Floor Entrance Vestibule (1.21m x 1.11m) Entrance door and a door leading through to the lounge. Lounge (4.78m x 4.16m) Celling light point, double glazed window and radiator.
Kitchen (3.74m x 3.36m) Celling light point, single glazed window and radiator.
Utility Room (1.60m x 0.82m) First Floor Bedroom 1 (4.24m x 3.33m) Celling light point, double glazed window and radiator.
Bedroom 2 (3.23m x 2.22m) Celling light point, double glazed window and radiator. Storage Cupboard (2.43m x 1.80m) Celling light point and radiator.
Bathroom (3.62m x 2.03m) Celling light point, double glazed window and radiator. External At the rear there is a yard.
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
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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 31, Herschell Street, Preston
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