2-bedroom flat · PR2 8XE
Listing removedListed 212 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This beautifully presented two-bedroom ground floor apartment is set within a charming period building, offering a blend of character and modern convenience.
The spacious lounge and dining area is flooded with natural light, thanks to distinctive sash-style windows, creating a bright and welcoming atmosphere ideal for relaxing or entertaining.
The modern kitchen comes complete with integrated appliances, providing a sleek and functional space for meal preparation.
Both bedrooms are generously sized doubles, offering comfortable accommodation for residents or guests.
The property also benefits from an allocated parking space, ensuring convenience and peace of mind.
With approximately 977 years remaining on the lease, this apartment represents a secure and long-term investment.
The location is particularly advantageous, being close to Royal Preston Hospital, local amenities, and motorway links, making it ideal for professionals, first-time buyers, or those seeking easy access to commuter routes.
To the rear of the building, residents can enjoy a large, private communal lawn that is both well maintained and attractively landscaped.
This outdoor space offers a tranquil setting for relaxation, social gatherings, or simply enjoying the fresh air.
Mature trees and established borders provide a sense of seclusion and privacy, making it a perfect retreat from the hustle and bustle of daily life.
The communal grounds are regularly cared for, ensuring that the gardens remain tidy and inviting throughout the year.
Allocated parking is conveniently situated within the grounds, providing easy access to the property and additional security.
Whether you are looking to unwind in peaceful surroundings or entertain friends on a summer’s day, the outside space complements the apartment’s interior perfectly, offering an appealing lifestyle opportunity in a sought-after location.
EPC Rating: C Parking - Allocated parking Parking - On street
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 Nooklands Court, 227 Garstang Road, Preston, PR2 8XE
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