2-bedroom flat · PR1 9TG
For saleReduced £13k (−19.1%) on 12 AugListed 208 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A lovely ground floor apartment for the over 55's, Available on a 70% shared ownership basis. Being set in the most amazing Grade 2 listed building.
Having been the former dwelling of Mr John Horrocks, the famous cotton merchant. Now the main hall has been cleverly adapted to form some amazing residences in stunning grounds all around.
'The Walmer Suite' has two bedroom, generous size hall, spacious lounge and a contemporary kitchen and shower room.
There is gas central heating as well as many stunning original features, high ceilings and gorgeous Georgian windows.
The building is entered via the main formal hall where this property sits to the left. Close to local bus routes, services and amenities.
Viewing is essential and only by appointment with Marie Holmes Estates Entrance Hall Access for a keypad intercom system, this flat is easily accessible as on ground floor level.
Flat Entrance Hall With storage cupboard, ceiling lights, radiator and door off.
Lounge (15' 6'' x 13' 1'' (4.72m x 3.98m)) With a stunning Georgian window set in period window casing, lovely high ceilings, gas fire, radiator, ceiling light and T.V. Point.
Kitchen (10' 9'' x 9' 3'' (3.27m x 2.82m)) A stylish kitchen with a range of wall drawer and base units with contrasting working surfaces, cupboard housing the central heating boiler, plumbed for washer and space for white goods, one Georgian window to the front and another bay effect Georgian window to the other side set in period window casing.
Bedroom One (10' 0'' x 11' 1'' (3.05m x 3.38m)) A lovely bedroom with a Georgian window, ceiling light and radiator. Bedroom Two With a Georgian window, radiator and ceiling light.
Shower Room With a glazed shower compartment and a jetting steam shower, low suite W.C.
And pedestal wash hand basin Outside What is so wonderful about this apartment is the Heritage of the great building itself but also the stunning well maintained grounds, plenty of parking bays and outdoor areas.
Value & comps
No previous sales on record.
Returns
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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
FAQ
About 41, Penwortham Hall Gardens, Preston
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