2-bedroom flat · PR1 9SG
Listing removedListed 84 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Taylors Estates are delighted to present this spacious two bedroom apartment situated in the popular area of Penwortham.
Situated in close proximity to Preston City Centre, this property is ideally located near all local amenities and is well positioned for motorway access.
The apartment is presented to a high standard, having been recently renovated throughout including new appliances in the kitchen!
Situated on the ground floor of the development, there is a communal entrance to the block and then a private door leading into the hallway of the apartment, which flows through to the large open plan kitchen and living space.
The living room has good natural light from dual aspect windows and a spacious feel to it.
The kitchen has a great range of wall and base units providing ample storage, and has appliances including integrated electric oven and gas hob with extractor hood above, tall fridge/freezer, washing machine and dishwasher.
Back into the hallway, there are two good sized bedrooms, one double and one single, and a modern bathroom.
The apartment benefits from gas central heating, double glazing and secure entry system, whilst externally there are communal gardens and parking.
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.
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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
FAQ
About 1 Handshaw Drive, Preston
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