2-bedroom flat · PR1 1JG
For saleListed 725 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Purpose built apartment situated to the ground floor of a popular development and located close to the city centre, train station and UCLAN. Adjacent resident and Visitor parking.
Comprises: Communal entrance hallway, private hallway, open plan lounge/kitchen area, three piece bathroom and two bedrooms of which the master is a good sized double.
Well placed for the cities numerous cafes, bars and restaurants. Internal inspection comes highly recommended.
Leasehold information: Ground Rent Payable: Yes Annual Ground Rent: 156.48 Service Charge: 1113 Length of the Lease: 120 Start Date of the Lease: 01/07/2007 Council Tax Information: Band B Agent Note In order to purchase a property in the UK, all estate agents are legally required to conduct identity checks on everyone involved in the transaction, in line with anti-money laundering regulations.
Farrell Heyworth outsource this process to a trusted third party, and a non-refundable charge will apply. Please contact your local branch for further details.
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 Russell Court, Craggs Row, Preston
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