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See how verdicts work2-bedroom flat · PR7 1HP
Listing removedListed 113 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This luxury two-bedroom apartment comprises of; entrance hallway leading to a spacious lounge with double glazed window to the side; a fully fitted kitchen with all appliances included and breakfast bar; two double bedrooms with double glazed window to the rear; three-piece family bathroom with shower over bath and ensuite.
It also has a state-of-the-art smart heating system, as well as keyless electronic fob access from your apartment door. Sumner House is an ideal investment.
The apartment has a central location in Chorley which is just a 5-minute walk to the train station, making it easier for those who commute to cities such as Manchester, Liverpool and London.
Sumner House has a variety of bars, shops and restaurants right on its doorstep, making it attractive to young working professionals.
This block also benefits from HG Smart Technology which allows you to keep a closer eye on energy prices and usage to allow better returns and lower outgoings.
This property is also a short distance from Preston which is the third largest city in the North West, and the largest in its county of Lancashire.
It is only a 40-minute train journey from Manchester and a 50-minute train journey from Liverpool, whilst also having direct links to London and Glasgow.
In addition, the city sits at the heart of a motorway network making it incredibly easy to access the rest of the UK.
With this in mind and the fact that many university students decide to stay in the city after graduation, Preston's population is expected to grow exponentially in the coming years.
In turn, house prices are predicted to continue to rise, following the growth of almost 20% in the last five years according to Zoopla figures. Please note, lettings and management charges may apply.
Financial Breakdown Gross Rent: £9,540.00 Net income: £6,125.10 Gross yield: 12.72% Net yield: 8.17% Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract.
Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-08032
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.
Area
Agent & docs
FAQ
About Sumner House, 29 St. Thomas's Road, PR7 1HP
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