Modern Method of Auction
Auction date not yet published
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 work6-bedroom flat · PR1 8QF
For saleReduced £25k (−7.1%) on 29 AugListed 101 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being Sold via Secure Sale Online Bidding through Pattinson. Terms & Conditions Apply. Starting Bid £350,000.
An excellent investment opportunity comprising three self-contained apartments in the heart of Preston, generating a gross annual income of £37,644.
Ideally positioned close to Preston Railway Station, UCLan and a wide range of city centre amenities.
Key Features: Three self-contained apartments, gross annual income of £37,644, excellent investment opportunity, secure sale via Pattinson Auction, city centre location, strong rental potential.
Location Highlights: Situated in Preston city centre, the property is within walking distance of Preston Railway Station, the University of Central Lancashire (UCLan), Fishergate Shopping Centre, supermarkets, cafés, restaurants and excellent road and public transport links.
Auctioneers Additional Comments: The successful bidder will be required to pay a 5% non-refundable deposit on exchange of contracts.
A reservation fee of up to 6% including VAT (minimum fee may apply) is payable in addition to the purchase price. Buyers should consider any Stamp Duty Land Tax liability associated with the purchase.
The Marketing Agent and The Auctioneer may introduce purchasers to third-party service providers, although there is no obligation to use these services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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
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
FAQ
About Flat 1, 2 and 3, 7, Fishergate, Preston
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