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See how verdicts work1-bedroom flat · PR7 1HP
Listing removedListed 9 daysAuction 1 Jan · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**FOR SALE BY MODERN METHOD OF AUCTION; STARTING BID PRICE £50,000 PLUS RESERVATION FEE*** SOLD WITH TENANT IN SITU PAYING £650pcm.
Situated within Sumner House, a modern conversion completed in 2018 is this fantastic third floor apartment.
Located on the doorstep is Chorley town centre with its array of shops, eateries, bars and other amenities including excellent transport links via road and rail.
Positioned on the ground floor of the building, the well maintained communal areas welcome you. There is then stairs and a lift to the upper floors.
Once in the apartment a light and bright interior is revealed. The property is entered via a secure intercom system with keyless fob technology.
The flowing floorplan has to offer: entrance hallway with storage, open plan living/kitchen area with a modern fitted kitchen and great views to the rear.
There is a double bedroom and modern three piece shower room. Externally to the rear of the building allocated parking is available within a gated car park.
Sold with NO CHAIN DELAY this apartment would be an ideal buy to let investment. Call today to book your viewing. This property is for sale by the Modern Method of Auction.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller.
POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
CHO260507/2 Ground Floor Communal Entrances Communal entrances to the front and rear with key fob and intercom entry system. Lift and stairs to upper floors.
Third Floor Entrance Hall Main entrance door. Intercom entry system. Built in storage cupboards. Living Room/Kitchen 3.73m x 3.52m (12' 3" x 11' 7") Open plan living room/kitchen.
Central heating radiator. Inset spotlighting. Kitchen area fitted with wall and base units with contrasting work surfaces. Inset stainless steel sink and drainer unit with mixer tap.
Built in electric oven and hob with extractor fan built over. Integrated fridge freezer and washing machine. UPVC double glazed window to rear.
Bedroom One 2.87m x 2.57m (9' 5" x 8' 5") Fitted wardrobes, drawers and over head storage. Central heating radiator. Inset spotlighting.
Shower Room 2.14m x 1.2m (7' 0" x 3' 11") Fitted with a modern three piece suite in white, comprising; step in, double width shower cubicle, vanity unit wash hand basin and low level WC.
Heated towel rail. Inset spotlighting. Extractor fan. External Residents parking. Communal bin stores and bike storage areas.
Leasehold & Service Charges Term: 250 years from and including 1 January 2017 Ground rent £350 per annum.
Service charge for 2026 £2,110.90 Agents Notes This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive (truncated)
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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

FAQ
About St. Thomas's Road, Chorley, Lancashire, PR7
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