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See how verdicts work2-bedroom flat · PR5 4DL
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bridgfords Estate Agents are pleased to present to the market this truly unique and characterful two-bedroom penthouse apartment, forming part of an impressive converted chapel comprising just three exclusive residences.
Situated in the highly sought-after location of Higher Walton, the property offers spacious and versatile accommodation, combining period charm with modern living.
Ideally positioned for access to local amenities, and excellent transport links, this exceptional home will appeal to young professionals, couples and anyone seeking a property with individuality and character.
The accommodation briefly comprises a private entrance through the original chapel doors, leading via a striking spiral staircase to the first floor.
Here, an impressive open-plan lounge, dining and kitchen area provides a bright and sociable living space, complemented by a private balcony enjoying far-reaching views.
There are two bedrooms, with the principal bedroom benefiting from an en-suite bathroom, together with a contemporary shower room.
A further spiral staircase leads to the stunning mezzanine level, offering flexible accommodation that could be utilised as a home office, occasional bedroom, hobby room or additional reception space.
This delightful area showcases original wooden beams and overlooks the living space below, enhancing the property's unique character and charm.
Externally, residents enjoy beautifully landscaped communal gardens, whilst electric gated access leads to two allocated parking spaces. Offered with no chain delay viewing is highly recommended!
Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Entrance Hall Entrance via the Original Chapel wooden double doors, wood flooring, spiral staircase to the first floor and brick and stained glass window features Lounge / Dining Kitchen (6.17m x 5.69m) Lounge - Vaulted ceiling, exposed beams, carpet, radiators, double glazed skylights and double doors leading onto the private balcony Kitchen - Breakfast bar with seating, vinyl flooring, range of integrated appliances including fridge freezer, washing machine, dishwasher, oven, microwave and electric hob.
Range of storage cupboards and complimentary work surfaces Bedroom One (3.88m x 3.57m) Part vaulted ceiling, two double glazed skylights, carpet and radiator En Suite (2.72m x 2.03m) Part tiled walls, tiled flooring, double glazed skylight, feature stain glassed window, bath with shower over, low flush wc, sink and spiral radiator Bedroom Two (2.78m x 2.02m) Double glazed skylight, feature stain glassed window, carpet, radiator and overhead storage Shower Room (2.13m x 1.29m) Double glazed skylight, part tiled walls, radiator, wooden flooring, low flush wc, sink and shower Mezzanine Floor (5.84m x 2.58m) Offering flexible usage as a third bedroom or home office, carpet, radiator, double glazed skylights, vaulted ceiling, character wooden beams and mezzanine balcony overlooking the lounge area below Externally Secure electric gated access to two allocated parking spaces and fantastic landscaped communal gardens Tenure We have been advised the Tenure is Leasehold with an original 999 years lease from 2001
Value & comps
No previous sales on record.
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 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
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FAQ
About Church Terrace, Preston
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