We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · PR2 9HP
Listing removedReduced £30k (−6.3%) on 21 JunListed 218 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ruby Estates welcomes you to a charming character property with development potential at £480,000.
Set on a generous 6.27m2 plot, this unique three-bedroom property offers a rare opportunity to own a home full of original character features, combined with versatile additional space and excellent convenience.
The main residence boasts three well-proportioned bedrooms and retains a wealth of period charm throughout, making it ideal for families or those seeking a distinctive home with personality.
To the front of the property, there is an attached separate dwelling, formerly used as a hairdressers, offering fantastic potential for a home business, studio, annex, or conversion (subject to relevant permissions).
Externally, the property benefits from three garages, a large driveway providing ample off-road parking, and a gated entrance ensuring privacy and security.
The plot offers a sense of seclusion rarely found in such a well-connected location.
Situated next to the Royal Preston Hospital, the property enjoys excellent motorway access and is conveniently close to local amenities and public transport links, making it perfect for commuters and professionals alike.
Key Features: - £480,000 - Three-bedroom character home - Original period features throughout - Attached former commercial unit with conversion potential - Three garages and spacious driveway - Gated property with excellent privacy - Prime location next to Royal Preston Hospital - Superb transport links and local amenities nearby A truly versatile property offering both charm and opportunity-early viewing is highly recommended.
***Please call us today to arrange a viewing*** Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one months rent is required. Rent is to be paid one month in advance. It is the tenants responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
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FAQ
About 2, Tower Lane, Preston
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