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See how verdicts work2-bedroom flat · PR1 1US
Sold STCListed 230 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Introducing this modern and well-proportioned first floor apartment, ideally located just outside Preston city centre and offered as an excellent ready-made investment opportunity with long-term professional tenants already in place.
Accessed via a well-maintained communal entrance, the apartment opens into a welcoming entrance hallway which provides useful built-in storage and connects seamlessly to all rooms.
The standout feature of the home is the impressive open plan living space, combining a spacious lounge area with a modern fitted kitchen.
This bright and well-proportioned room offers plenty of space for both relaxing and dining, creating a comfortable and practical environment for everyday living.
The main bedroom is a generous double room and benefits from its own private ensuite shower room, providing excellent convenience and appeal for tenants.
A second bedroom offers additional flexibility and works perfectly as a guest room, home office or additional bedroom.
Completing the accommodation is a modern three piece family bathroom fitted with bath, wash basin and WC.
Externally, the development provides allocated residents’ parking, adding further practicality for occupants.
The property is currently let at £795 per calendar month to professional tenants who have been in residence long term and maintain the property to an excellent standard, offering investors an immediate income stream and a well-established tenancy from day one.
Overall, this represents a superb turnkey buy-to-let investment in a highly convenient location close to Preston city centre, transport links and local amenities.
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 Wove Court,12, Garstang Road, Preston
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