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See how verdicts work2-bedroom flat · PR1 4YL
No longer listedListed 39 daysAuction 29 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Strapline Auction Sale - 29/09/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. - Of interest to investors.
A Leasehold two bedroom self-contained purpose built flat located in Preston, subject to an Assured Shorthold Tenancy producing £6,600 p.a Benefiting from its own parking space.
Description A well-maintained two-bedroom apartment at Derwent House, Samuel Street, Preston, ideally located within easy reach of Preston City Centre, Preston Train Station, local shops, amenities, and Moor Park.
The property is being sold with excellent long-term tenants already in occupation.
We understand that the tenants have a proven track record of paying rent consistently and on time and have well maintained the property.
Location The property is located on Samuel Street a residential area running south off A59 New Hall Lane which offers a wide range of retail and public transport facilities.
The M6 Motorway (Junction 31) is located approximately two miles to the east and Preston Fishergate Rail Station is also approximately two miles to the west.
Preston town centre and Fishergate Shopping Centre are also within two miles.
Tenancy Subject to an Assured Shorthold Tenancy producing £6,600 p.a Accommodation The property has not been inspected by Savills, however has been regularly inspected by the managing agent and an inspection report is available upon request.
We understand that it comprises as follows. - Two bedrooms, living room/kitchen, bathroom and balcony.
The Energy Performance Certificate (EPC) states the floor area to be approximately 78 sq m (839 sq ft)
Value & comps
No previous sales on record.
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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 starting price
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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
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FAQ
About 14, Preston
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