2-bedroom flat · PR2 2YD
Let agreedListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Two bedroom apartment with water views located on the sought after Preston docklands development.
The property is on a bus route, has close links to the motorways and just 5 minutes drive into the city centre.
the property comprises a good sized lounge/diner area with access through to a water facing balcony. There is a fully fitted modern kitchen with oven, hob and extractor fan.
A good sized double bedroom with fitted wardrobes, good sized second bedroom and a modern fitted bathroom with shower over bath.
Property additional info HALLWAY: Entrance hallway with storage cupboard leading to.... LOUNGE/DINER: Good sized lounge and dining area with carpet. Patio doors leading to a water facing balcony.
KITCHEN: Fitted kitchen with worktops, wall and base units. Comes with oven, hob and extractor fan. BEDROOM 1: Good sized double bedroom with water views and modern fitted wardrobes and drawers.
BEDROOM 2: Good sized second bedroom with water views. BATHROOM: Modern family bathroom with WC, basin and shower over bath. Flooded in the last 5 years: No. Water source: Mains.
Electricity source: Mains. Sewerage arrangements: Mains. Heating Supply: Central heating (electric).
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Victory Wharf, Preston, PR2
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