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 work1-bedroom flat · PR1 4YJ
Listing removedListed 278 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Newly decorated ground floor studio apartment boasting a long lease of 177 years. Would make an ideal buy to let investment or first time buy.
Situated within this convenient location in Preston offering easy access to local amenities and transport links.
The accommodation briefly comprises; hallway with new wood panelled fire door, open plan lounge/ bedroom, fitted kitchen and newly fitted shower room.
Double glazed throughout and offers a paid for allocated parking space. No chain delay and viewing highly recommended. Hallway Newly fitted wood panelled fire door and storage cupboard.
Lounge/ Bedroom 4.65m x 4.05m Double glazed window to the front and side, radiator and storage cupboard.
Kitchen 3.1m x 1.8m Double glazed window to the front, range of wall and base units with complementary work surfaces, electric hob and oven with extarctor, stainless steel sink and drainer, space for washer and part tiled walls.
Shower Room 3.1m x 1.6m Newly fitted three piece shower room comprising; double shower cubicle, wash basin with vanity unit and low flush wc.
Parking Paid for allocated parking space (W1). Council Tax Band & Tenure We have been advised by the seller that the Council Tax Band is Band A and the Tenure is Leasehold.
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
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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 Samuel Street, Preston, Lancashire, PR1
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