2-bedroom flat · PR2 2GB
For saleListed 195 days
Opportunity summary
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About
We are delighted to bring to the market for sale, this modern two bedroom apartment for sale in the apartment complex of Princes Reach, which is located on the sought after Preston Docklands.
The property is in a great location, with supermarkets, gym, restaurants and lots of amenities nearby. Outside is a bus route into the city centre, which is just 5 minutes drive away.
Its also well located to the nearby motorway network. It comes with stunning elevated views over the docks.
The apartment briefly comprises an entrance hall, good sized lounge with balcony over the water, fitted kitchen, family bathroom, and two double bedrooms.
The property also boasts electric economy heating, new double glazing and an allocated parking space. The property is leasehold and has a monthly management fee of £72.65.
The property benefits from having no onward chain. The property currently has a tenant in situ and can be purchased with the tenant in if the new owner is lookign for a tenanted property.
Property additional info ENTRANCE HALLWAY: 11'08" (3m 55cm) x 2'09" (83cm) Small entrance vestibule leading hallway with laminate flooring and entry phone system.
LOUNGE: 14'04" (4m 36cm) x 7'08" (2m 33cm) Good sized lounge with laminate flooring. Comes with patio leading out to balcony with stunning views over Preston Marina and docks.
KITCHEN/DINER: 12'09" (3m 88cm) x 8'07" (2m 61cm) Fitted kitchen includes wooden wall and base units with marble effect top, tiled floors and part tiles walls.
There is also space for a dining table and chairs.
BEDROOM 1: 10'11" (3m 32cm) x 10'07" (3m 22cm) Large double bedroom with laminate flooring and large window giving ample light and stunning water views BEDROOM 2: 10'06" (3m 20cm) x 6'09" (2m 5cm) The second bedroom is also a small double room with laminate flooring and water views.
BATHROOM: 8'04" (2m 54cm) x 6'08" (2m 3cm) Modern bathroom with tiled floor and walls, toilet, basin, shower over bath and large storage cupboard.
Disclaimer: At Harbour Properties we make our advertisements as accurate as we can, however complete correctness cannot be guaranteed and any information provided, including measurements and any leasehold fees, should be used as a guideline only.
All details provided in this advert should be excluded from any contract. Please note no appliances, electrics, drains, plumbing, heating or anything else have been tested by Harbour Properties.
All purchasers are recommended to carry out their own investigations before completing a purchase. Flooded in the last 5 years: No. Water source: Mains. Electricity source: Mains.
Sewerage arrangements: Mains. Heating Supply: Central heating (electric). Parking Availability: Yes.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Princes Reach, Preston, PR2
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