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 work2-bedroom flat · PR1 3AJ
No longer listedReduced £20k (−33.3%) on 29 SepListed 139 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No onward chain: A modern purpose built apartment. Excellent location. Ideal for owner occupiers or as a buy to let investment.
The two bedroom apartment just walking distance from Preston Station, offers direct views views over Winckley Square. Vacant possession.
Accommodation: Bright kitchen/living room reception, two bedrooms, bathroom.
Location: Nestled in the heart of Lancashire, Preston is a vibrant, well-connected city that effortlessly blends rich historic charm with contemporary urban living.
As one of the North West's most dynamic hubs, it offers an exceptional quality of life for first-time buyers, growing families, and professionals alike.
Victorian riverside landscapes right next to the city center, perfect for weekend strolls or morning runs. Tenure: Leasehold, please refer to auction legal pack.
Unconditional lot: The Lot is for sale via Traditional Auction.
This is a timed auction, which requires both parties to complete the transaction within the completion date as per the Buyer Information Pack.
The buyer, is required to register, with Connect UK Auctions, in order to participate and will be required to go through, identification verification process.
The Buyer Information Pack, is available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price.
The Reserve Price and Starting Bid being subject to change. Auction Fees apply, upon the fall of the gavel.
The successful bidder is required to pay 2%+VAT of the purchase price, subject to a minimum of £8,000+VAT (Unless otherwise stated in the Buyer Information Pack) The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.
The auction conditions require a full legal completion 28 or 42 days following the day of auction (Unless otherwise stated in the Buyer Information Pack).
Delayed completion available, please request further details if required.
Disclaimer: *Connect UK Auctions does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars.
All displayed property boundaries use data provided by Land Registry and is assumed to be correct and updated regularly.
However for the avoidance of doubt all displayed property boundaries are indicative and for marketing purposes only.
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
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FAQ
About Flat 38 Winckley House, Preston
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