2-bedroom flat · PR2 2XF
For saleReduced £5k (−4%) on 24 MayListed 208 days
Opportunity summary
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About
**INVESTMENT OPPORTUNITY**CHAIN FREE** A modern one/two bedroom apartment available in Trafalgar Wharf in the sought after location of Preston Docklands.
The property briefly comprises a large lounge/diner, modern fitted kitchen with appliances, good sized double bedroom, converted second room into walk in wardrobe/dressing room and modern fitted three piece bathroom.
The second double bedroom of this property has been converted onto a walk in wardrobe but can easily be converted back to a bedroom if desired.
The property also boasts a designated secure parking space, economy heating, south facing balcony, modern furnishings and C energy efficiency rating.
The property is leasehold with approximate annual fees of: Ground Rent: £65, Service Charge - £1035, Insurance - £225, Parking Space - £224, and a remaining lease of 971 years.
**This property can be offered with a tenant in situ with a yield return of around 7%** Property additional info HALLWAY: 12'06" (3m 81cm) x 3'09" (1m 14cm) L-Shaped hallway with carpet and large storage cupboard.
LOUNGE/DINER: 22'10" (6m 95cm) x 8'04" (2m 54cm) Large carpeted lounge and dining area with south facing balcony.
KITCHEN: 9'03"x7'11" (2m 41cm) Modern kitchen with fitted wall and base units and part tiled walls. The kitchen also includes oven and hob, fridge freezer, washing machine.
BEDROOM: 12'04" (3m 75cm) x 9'00" (2m 74cm) Good sized double bedroom with carpet and double bed and bedside cabinets, leading to dressing room CONVERTED DRESSING ROOM: 9'00" (2m 74cm) x 5'02" (1m 57cm) This room was a second double bedroom but has now been converted into a walk in wardrobe dressing room with plenty of wardrobe and cupboard space.
Could easily be converted back into a second bedroom.
BATHROOM: 7'09"x5'06" (1m 67cm) Very modern 3 piece fitted bathroom, with part tiles walls, white bathroom suite including shower over bath, vanity unit with mirror and towel rail.
Disclaimer: At Harbour Properties we make our advertisements as accurate as we can, however complete correctness cannot be guaranteed and any information provided, including measurements and any leasehold fees, should be used as a guideline only.
All details provided in this advert should be excluded from any contract. Please note no appliances, electrics, drains, plumbing, heating or anything else have been tested by Harbour Properties.
All purchasers are recommended to carry out their own investigations before completing a purchase. Flooded in the last 5 years: No. Water source: Mains. Electricity source: Mains.
Sewerage arrangements: Mains. Heating Supply: Central heating (electric).
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 Trafalgar Wharf, Preston, PR2
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