3-bedroom flat · PR1 3UQ
Sold STCListed 217 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Leasehold Flat – Investment Opportunity for cash buyers!
Offers Over £60,000 A three-bedroom flat located on the ninth floor of Sandown Court, positioned within Preston city centre and offering convenient access to local amenities, transport links, and the University of Central Lancashire.
The property provides spacious accommodation but requires full modernisation throughout, presenting an excellent opportunity for investors or purchasers seeking a refurbishment project.
Due to the property’s ninth-floor location, it is not suitable for mortgage lending and is therefore offered to cash buyers only.
Accommodation The accommodation consists of: Entrance hallway Lounge Kitchen Three bedrooms Bathroom Separate WC Tenure Leasehold Long lease of 999 years from 1 January 1986 Approximately 959 years remaining Ground Rent & Service Charge Details of the current ground rent and service charge are to be confirmed.
Any purchaser should make their own enquiries prior to exchange of contracts. Mortgageability Please note: This property is not suitable for mortgage applicants due to its position on the ninth floor.
Cash purchasers only. Please call our office on for further information or to request a viewing.
Tenure type : Leasehold Current service charge : 2064 Length of lease : 999 years from 1st January 1986 Council tax band (E, W & S) : A Bedroom 1 - 3.14 x 4.10 (10'3" x 13'5") - Bedroom 2 - 2.00 x 3.69 (6'6" x 12'1") - Bedroom 3 - 1.96 x 3.69 (6'5" x 12'1") - Bathroom - 1.56 x 2.03 (5'1" x 6'7") - Wc - 0.80 x 1.56 (2'7" x 5'1") - Storage Room - 0.72 x 1.63 (2'4" x 5'4") - Kitchen - 3.29 x 2.02 (10'9" x 6'7") - Storage Room 2 - 1.51 x 1.10 (4'11" x 3'7") - Lounge - 3.28 x 5.27 (10'9" x 17'3") -
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 Avenham Lane, Preston
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