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See how verdicts work2-bedroom house · PR9 8NG
Sold STCReduced £10k (−11.1%) on 26 OctListed 171 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An early internal inspection is strongly recommended of this well presented, purpose built, first floor retirement apartment for the over 60's, forming part of a development which occupies a particularly convenient location for access to the many amenities of Churchtown Village and the Botanic Gardens.
With lift or staircase access from the communal hall, the apartment offers well planned and pleasantly proportioned accommodation overlooking school playing fields, briefly comprising: Private Hall with entry-phone system, Living Room, Fitted Kitchen, two Bedrooms (both with fitted wardrobes) and Shower Room.
Upvc double glazing and electric heating are installed. The development stands in established and well maintained gardens incorporating residents' parking.
Mallee Crescent is located off Preston New Road within convenient distance of the many amenities of Churchtown and the Botanic Gardens.
There are public transport facilities at Preston New Road leading to the town centre.
First Floor: Hall Lounge/ Dining Room - 4.37m x 3.78m (14'4" plus door recess x 12'5") Kitchen - 3.78m x 2.39m (12'5" max x 7'10" max) Bedroom 1 - 3.71m x 2.74m (12'2" max x 9'0") Bedroom 2 - 3.28m x 1.91m (10'9" x 6'3") Shower Room - 2.18m x 2.01m (7'2" max x 6'7") Store Outside: The development stands in established and well maintained gardens incorporating residents' parking.
Council Tax: Enquiries made of the Council Tax Valuation List indicate the property has been placed in Band (C) Tenure: Leasehold with a residue term of 125 years from 1990 with a ground rent of £234 per annum Service Charge: The current service charge amounts to £473.12 per quarter (£1892.48 per annum), as a contribution towards communal cleaning and electricity, building insurance, general maintenance, lift maintenance, gardening, window cleaning and the sinking fund.
NB: We are required under the Money Laundering Regulations to check Purchaser's Identification Documents at the time of agreement to purchase. © 2026 All Rights Reserved
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 The Ridings, off Mallee Crescent, Churchtown, Southport
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