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See how verdicts work2-bedroom flat · PR2 7EQ
For saleReduced £5k (−7.7%) on 17 OctListed 55 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to purchase this two bedroom Ground floor apartment set in the popular Hanover Court Development for over 55's and well placed for local amenities and road links.
Call the office today so you don’t miss out.
On internal inspection inside the property, you have an entrance hallway with a large storage cupboard, you have the main reception room which has a sliding patio door which leads out to the communal gardens, there is also a fitted kitchen.
You have two bedrooms with the main bedroom having a three piece en-suite and there is also a family bathroom. Communally there is a laundry room, gardens and car parking.
Book your viewing today so you don’t miss out. This property is part of a deceased estate and grant of Probate has been granted. Leasehold information: 250 years from the 1st January 2013.
Ground rent: £172 per Calander month which includes the service charge.
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
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FAQ
About 2, Hanover Court, Preston
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