4-bedroom terraced house · PR2 1UR
Listing removedListed 239 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Immaculate and extended four bedroom family home boasting a large L-shape dining kitchen, two bathrooms and private rear garden.
Situated within this quiet cul-de-sac location in Ashton offering excellent access to local amenities, schools and transport links.
The home has been refurbished throughout and is a credit to the current owners and briefly comprises; porch, hall, lounge, study, large L-shape dining kitchen, utility room, downstairs bedrooms and en-suite shower room.
To the first floor, three further bedrooms and modern three piece bathroom.
Double glazing, gas central heating system, enclosed garden to the front, private enclosed garden to the rear with a large artificial lawn patio and summerhouse used as a bar.
Viewing highly recommended to fully appreciate. Porch Wood panelled door and double glazed window to the front.
Hallway UPVC door to the front, radiator, meter cupboard and staircase leads to the first floor landing.
Lounge (6.03m x 3.33m) Double glazed window to the front, marble mantle with lving flame gas fire and two radiators.
Study (4.18m x 2.15m) Double glazed window to the front, double glazed french doors to the side, radiator and laminate flooring.
Dining Kitchen (7.26m x 5.65m) A large L-shape modern dining kitchen comprising of; a range of wall and base units with complementary work surfaces and breakfast bar, Range cooker and extractor, sink and drainer, double glazed window and french doors to the rear, radiator and laminate flooring.
Utility Room (1.85m x 1.83m) Double glazed window to the front, space for washer and dryer. Bedroom Four (2.94m x 2.55m) Double glazed window to the rear and radiator.
En-Suite Shower Room (2.17m x 1.41m) Modern three piece suite comprising; double shower cubicle, wash basin with vanity unit and low flush wc.
Landing Staircase leads from the hallway to the first floor landing, loft access which is part boarded. Bedroom One (4.19m x 3.14m) Two double glazed windows to the front and radiator.
Bedroom Two (4.2m x 2.79m) Double glazed window to the rear, fitted wardrobes and radiator. Bedroom Three (4.2m x 2.4m) Double glazed window to the front and radiator.
Bathroom (2.33m x 1.66m) Modern three piece suite comprising; p-shape bath with shower over, wash basin with vanity unit, low flush wc, tiled walls, radiator and double glazed window to the rear.
Gardens Fence enclosed garden to the front.
To the rear is a private enclosed garden with a large artificial lawn patio area, shrub borders and gated access to the rear, summerhouse currently used a bar.
Summerhouse (4.25m x 2.95m) With power and light, currently used as a bar.
Council Tax Band & Tenure We have been advised by the seller that the Council Tax Band is Band A and the Tenure is Freehold.
Value & comps
No previous sales on record.
Returns
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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 12, Formby Place, Preston
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