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See how verdicts work2-bedroom terraced house · PR1 8EJ
Listing removedListed 48 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description This terraced house, converted into two self-contained flats, represents an excellent buy-to-let investment opportunity.
With two separate rental units providing a strong combined rental income, the property offers the potential for a very healthy rental yield and an attractive ongoing return for investors.
The property has been thoughtfully separated into two self-contained apartments, comprising a ground-floor studio and a spacious one-bedroom apartment on the first floor.
The ground-floor studio features a spacious and light-filled lounge/bedroom, leading through to a good-sized kitchen at the rear.
The kitchen provides access to a garden, offering a pleasant outdoor space to relax and enjoy. A generously sized bathroom is conveniently located off the kitchen.
The first-floor apartment is also well proportioned and comprises a spacious lounge, separate bedroom, kitchen and bathroom.
Both the lounge and bedroom are bright and spacious, while the bathroom is a generous size, providing comfortable and practical accommodation.
Overall, the property offers two well-presented and generously proportioned living spaces, each with its own amenities, making it an appealing opportunity for investors.
Located in the sought-after Broadgate area of Preston, the property benefits from strong rental demand and an excellent location.
With bus routes on the doorstep and Preston city centre within walking distance, tenants have easy access to excellent transport links and local amenities.
Preston city centre is within easy reach and offers a wide selection of cafes, bars, restaurants and shops.
This combination of convenience, excellent connectivity and a vibrant range of lifestyle amenities makes Broadgate a highly popular location for renters and an attractive area for property investment.
Please contact Open House Lancashire to arrange your viewing. Council Tax Band: A Tenure: Freehold
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
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FAQ
About 12 River Parade, Preston
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