5-bedroom flat · PR1 4JX
For saleReduced £5k (−1.9%) on 21 JunListed 389 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent investment opportunity to acquire a block of three self-contained apartments located on James Street, Preston, offering strong rental potential in a popular central location.
The property comprises two two-bedroom apartments and one one-bedroom / studio apartment, each with its own fitted kitchen and bathroom.
Current rental details: Flat 1: Two-bedroom apartment – currently let at £650 pcm Flat 2: Two-bedroom apartment – currently vacant, with an achievable rent of £700 pcm Flat 3: One-bedroom / studio apartment – currently let at £650 pcm When fully let, the property generates a total income of £2,000 per calendar month (£24,000 per annum).
There are tenants in situ in Flats 1 and 3, with Flat 2 providing immediate scope for rental uplift or owner occupation.
The property is ideally situated close to Preston city centre, the University of Central Lancashire (UCLan), transport links and local amenities, making it attractive to both professionals and students.
Full tenancy details and rental information are available upon request.
Flat One Kitchen/Living Room (4.4m x 2.5m (14'5" x 8'2")) Bedroom One (2.5m x 2.0m (8'2" x 6'6")) Bedroom Two (2.8m x 1.8m (9'2" x 5'10")) Flat Two Awaiting information Flat Three Kitchen/Lounge/Bedroom (6.0m x 3.0m (19'8" x 9'10")) Bathroom (1.5m x 1.5m (4'11" x 4'11"))
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.
Area
Agent & docs
FAQ
About Flat 1 - 3, 60b, James Street, Preston
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