2-bedroom flat · PR1 2RA
For saleListed 2542 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** attention investors ** Modern and spacious two double bedroom ground floor apartment offering no chain delay. With tenant in situ providing yearly income of £7200.
Situated within easy access to Preston city centre and uclan. The generous accommodation briefly comprises; hallway, open plan lounge, dining kitchen, two double bedrooms and modern bathroom.
Double glazing and electric heating system. Call now to arrange your viewing on . Leasehold, Council Tax Band A. Hall (0m x 0m) Wood panelled door to the front.
Lounge (3.23m x 4.96m) Double glazed patio doors with juliet balcony and electric radiator.
Kitchen Breakfast (2.3m x 2.42m) Range of wall and base units with complementary work surfaces, stainless steel sink and drainer, electric hob and oven with extractor and space for washer.
Bedroom One (3.53m x 5.55m) Double glazed window to the front and electric radiator. Bedroom Two (2.07m x 3.98m) Double glazed window to the front and electric radiator.
Bathroom (3.53m x 1.83m) Modern three piece suite comprising; bath with shower over, wash basin, low flush wc, part tiled walls, tiled flooring and heated towel rail.
Leasehold Details The vendor has advised us that the service charge is approximately £1046 per anum and ground rent £250 per anum.
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
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FAQ
About 48, Light Buildings, Preston
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