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See how verdicts work2-bedroom flat · PR1 3BW
For saleListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Taylors Estates are delighted to bring to the market this modern two bedroom apartment, situated on the first floor of the popular Grimshaw Place development.
The building is ideally located in Preston City Centre close to all local amenities including the bus station, supermarkets, and restaurants.
As you enter the apartment, you will find yourself in a welcoming entrance hall which has a storage cupboard and provides access to all the other rooms in the property.
To your right is the door to the open plan kitchen and living room, this space benefits from lots of natural light due to the double doors in the living room, and the kitchen conveniently has built in appliances such as an oven with hobs, washing machine, and fridge freezer.
Next you will find the two double bedrooms, one with an ensuite shower room, and finally the main bathroom which briefly comprises of a bath with overhead shower, sink, and toilet.
Externally, the building is set within a gated car park, and this property benefits from one parking space.
The property is currently tenanted and generating an income of £650pcm, representing an 8.7% yield. EPC Rating: C Living Room Dimensions: 12' 1" x 15' 2" (3.70m x 4.63m).
A carpeted living area with patio doors opening to a Juliet balcony, this room benefits from TV/power points as well an electric storage heater. Kitchen Dimensions: 12' 1" x 6' 3" (3.70m x 1.91m).
Fully fitted kitchen including washing machine, electric oven, hob, and fridge freezer. Laminate flooring Master Bedroom Dimensions: 8' 2" x 14' 1" (2.50m x 4.31m).
Good size master bedroom with electric storage heater and double glazed window.
Door to Ensuite Ensuite Ensuite bathroom with shower cubicle and heated towel radiator Bedroom Dimensions: 7' 4" x 13' 9" (2.24m x 4.20m).
Double bedroom with electric storage heater and double glazed window. Bathroom Dimensions: 9' 6" x 8' 7" (2.90m x 2.62m).
Fitted bathroom with a white three piece bathroom suite and a shower over the bath.
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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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.
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FAQ
About 32 Grimshaw Place, Preston
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