2-bedroom flat · PR1 3BW
Let agreedReduced £55 (−5.8%) on 2 SepListed 108 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Available for Immediate Move-In (Subject to Referencing) Situated within a secure, gated development just a short distance from Preston City Centre, this well-presented two-bedroom apartment offers spacious, modern accommodation ideally suited to professionals, couples or small families seeking convenience and contemporary living.
The property welcomes you into a generous entrance hallway leading through to a bright and spacious open-plan living area.
The lounge benefits from a Juliette balcony, allowing plenty of natural light to flood the room, while the adjoining modern fitted kitchen features a range of contemporary units, integrated workspace and a practical breakfast bar, creating an ideal space for both everyday living and entertaining.
The principal bedroom is a generous double and enjoys the added benefit of its own en-suite shower room.
A second well-proportioned double bedroom provides flexible accommodation, whether for guests, a home office or additional family members.
Completing the internal accommodation is a spacious three-piece family bathroom fitted with a modern white suite.
Externally, the property benefits from an allocated parking space located within a secure residents' car park, accessed via electronic gates, providing both convenience and peace of mind.
Ideally positioned, the apartment enjoys an excellent location within easy walking distance of Preston City Centre, offering an extensive range of shops, cafés, restaurants, bars and leisure facilities.
Preston Railway Station is also nearby, providing direct links to Manchester, Liverpool, Lancaster and London, making this an excellent choice for commuters.
The property is well placed for access to the University of Central Lancashire (UCLan), major road networks including the M6, M61 and M55, and a variety of local amenities, making it a highly convenient place to call home.
Early viewing is highly recommended to fully appreciate the spacious accommodation and excellent location this superb apartment has to offer.
EPC Rating: C Disclaimer Disclaimer: All information such as plans, dimensions, and details about the property's condition or suitability is provided in good faith and believed to be accurate, but should not be relied upon without independent verification.
Buyers or tenants must carry out their own checks. Appliances and systems (e.g. Electrics, plumbing, heating) haven’t been tested.
It’s strongly advised to get professional inspections before making any commitments. No employee or agent of Holdens Estate Agents is authorised to make promises or guarantees about the property.
These details are for general guidance only and do not form part of any contract.
If the property is leasehold, buyers should carefully review the lease terms, including length, rent, deposit, and any specific conditions.
All discussions with Holdens Estate Agents are subject to contract.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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About 12 Grimshaw Place, Preston
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