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See how verdicts work6-bedroom semi-detached house · PR2 1EB
No longer listedListed 91 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
TO BE SOLD BY ONLINE AUCTION ON THE 12TH - 13TH AUGUST UNLESS SOLD PRIOR UNDER AUCTION TERMS 10 Rose Terrace, Ashton-on-Ribble, Preston, PR2 1EB An outstanding development opportunity to acquire a substantial period property on a generous plot.
Not inspected by Edward Mellor, the seller has advised that a planning application has been submitted for the conversion into seven self-contained studios and apartments.
Subject to the final specification, the completed scheme is understood to have the potential to generate an estimated gross rental income of approximately £58,000 per annum.
The substantial rear plot also offers further development potential, subject to the necessary planning consents.
Interested parties should make their own enquiries with the local planning authority regarding the status of any application.
The property is understood to have been stripped back in preparation for the proposed conversion whilst retaining a number of attractive period features, including original coloured leaded windows.
It also benefits from a garage, outbuildings and ample off-road parking.
Ideally positioned for Preston City Centre, the University of Central Lancashire (UCLan), Royal Preston Hospital and excellent transport links, the property is well placed to serve the strong student and professional rental market, where demand for quality self-contained accommodation remains consistently high.
A rare value-add opportunity for developers and investors to complete the proposed conversion and explore the potential of the generous rear plot, subject to the necessary planning consents.
Value & comps
No previous sales on record.
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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 starting price
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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 10, Rose Terrace, Preston
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