2-bedroom flat · BB7 1FF
Listing removedReduced £5k (−3.5%) on 21 JunListed 426 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculate ground floor apartment that offers an attractive proposition for a variety of buyers, including investors with the option of being sold with a sitting tenant at £715 pcm or with vacant possession.
With designated residents' parking to the rear and very well looked after communal entrance and areas, the main bedroom enjoys an en-suite shower room and the kitchen benefits from integrated appliances.
Positioned just off Woone Lane, there is easy access both in and out of town and a host of amenities locally. Tenure is Leasehold on a 250 year term from 1 May 2013.
Ground rent and Service charge applies. Council Tax Band B Payable to rvbc. EPC Rating B.
There is access via both the front and rear door to the ground floor communal area, with the use of intercom entrance for visitors' convenience.
On entrance to the apartment the hallway provides access to two useful storage cupboards, separate bathroom comprising modern three piece suite, main bedroom with en-suite shower room, second bedroom with built-in wardrobe/storage and an open-plan living kitchen arrangement.
The kitchen benefits from fitted units and ample integrated appliances including washing machine, fridge freezer, electric oven, gas hob with extractor over as well as being open to the lounge area with space to relax and dine in one.
Situated to the rear of the apartment there is an allocated parking space. Primrose Nature Reserve is just across which adds a particularly attractive element to the area.
Located just off Woone Lane, the apartment is within walking distance to the town centre and all amenities on offer.
It is also well positioned for access to the A59 providing excellent links to commuter routes and motorway networks.
As part of making an offer, we’re required by law to complete Anti-Money Laundering (aml) checks to confirm the identity of all purchasers.
To cover the cost of this process, a fee of £48 inc VAT per buyer is payable when your offer is accepted.
This is a standard requirement for all buyers and helps us ensure your offer can be progressed as quickly and smoothly as possible.
The property is located by proceeding along Woone Lane until turning right into Edward Drive and right again into the parking area and rear entrance. All Mains Services Are Installed.
Anti-Money Laundering (aml) Checks - As part of making an offer, we're required by law to complete Anti-Money Laundering (aml) checks to confirm the identity of all purchasers.
To cover the cost of this process, a fee of £48 inc VAT per buyer is payable when your offer is accepted.
This is a standard requirement for all buyers and helps us ensure your offer can be progressed as quickly and smoothly as possible.
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.
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FAQ
About Flat 2, 2, Edward Drive, Lancashire
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