2-bedroom flat · PR2 9TP
Listing removedListed 37 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Zero Deposit Option Available Please be advised these properties are now 3 years old - awaiting new photos St Martins is Redwing’s development located in Fulwood, available for rent to buy.
This two bedroom apartment includes an open plan kitchen, diner and living space & family bathroom.
St Martins apartments are built to a high standard of energy efficiency using the latest technology including air source heat pumps and LED lighting throughout, to reduce bills and our carbon footprint.
Getting from A to B St Martins is located less than an hour drive away from Manchester and Liverpool, less than 30-minute drive to Blackburn, and only a 10-minute drive to the centre of Preston.
Commuting is simple, with excellent access to M6, M55, and M65 motorways, train travel via Preston train station located a 14-minute drive away, and local bus stops dotted around the neighbourhood.
Travelling out of the country? It takes less than 50 minutes to drive to both Liverpool John Lennon and Manchester Airport.
Rent to buy Apartments at St Martins are available for rent-to-buy, a government backed initiative that makes getting onto the property ladder easier.
You’ll rent your home at a reduced rate allowing you to save money towards a mortgage deposit, whilst still living in a beautiful new-build property, so you can buy your dream home later!
As your landlord, Redwing will also support you whilst you’re renting to manage your tenancy and cover repairs and maintenance, giving you one less thing to worry about.
Disclaimer: You may be able to buy the home you are renting if your landlord agrees. If your landlord decides to sell while you are a tenant, they must give you the option of buying your home first.
The price you pay will be the property’s market value, which may be more or less.
To find out more about rent to buy, visit: Before enquiring please make sure you meet the below criteria for rent to buy: • Be over 18 years of age (over 21 years of age for developments where the accommodation comprises apartments).
• Be employed. • Usually be a first-time buyer or a former homeowner returning to the market, for instance following a separation or divorce. • Wish to become a homeowner.
• Be eligible for a mortgage were it not due to the lack of deposit or sufficient saving towards a deposit.
• Have no obvious barriers preventing them from obtaining a mortgage or owning a home in the next five years.
• Have a household income that is enough to sustain rent payments whilst saving towards a deposit.
• Satisfy any reference checks, which will include a credit reference check, employment check and a landlord reference check. • Must be eligible to rent a property in the UK.
• Not already be in a financial position to buy an appropriate home on the open market immediately without assistance.
• Not own another property or have legal interest/obligation related to properties in the UK or aboard.
• Not be excluded from housing registers due to any reason including former arrears or anti-social behaviour or any unspent criminal convictions.
• Not have adverse credit that has been registered within the last 12 months, (including County Court Judgements, Individual Voluntary Agreements and Debt Relief Orders).
• Have paid off in full any lapsed ccj. • Not rely on a guarantor to satisfy credit reference or affordability assessment.
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.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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.
Area
Agent & docs
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FAQ
About 23a, Northway, Preston
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