3-bedroom flat · PR1 8HU
Listing removedListed 189 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Attention investors! This modern spacious apartment within walking distance of Preston city centre is a superb long term investment.
With three bedrooms and a brilliant size lounge / kitchen, it offers ample space for multiple occupants and has everything the city centre offers on the doorstep.
Call to arrange a viewing before it sells.
This modern, light and spacious apartment is situated in the Sorting Office which is a beautiful building which has been converted very sympathetically into apartments.
It has clean and spacious corridors and is a lovely building to live in. The apartment itself is so incredibly spacious and you will realise that as soon as you enter and see the great size hallway.
Leading off the hallway there are multiple rooms including a lounge / kitchen, three bedrooms and a bathroom.
The lounge / kitchen is a great size with two double glazed windows allowing so much natural light to flood in.
The kitchen is modern and the room provides the perfect living / cooking / entertaining area.
All of the bedrooms are good size doubles and one of the bedrooms benefits from an en-suite with a walk-in shower.
The main bathroom located at the end of the entrance hallway has a bath with a shower over and is a generous size.
The property is located on a lovely road within walking distance of Preston city centre and everything the city centre provides including cafes, restaurants, bars and shops.
The area has great transport links including bus routes and Preston train station is within walking distance. This is a leasehold property.
Length of lease - 250 years commencing on 1st July 2017 Service charge - £2150 per annum Ground rent - £350 per annum EPC rating - C Council tax band - A The property is currently empty but has historically been rented out on a regular basis producing a very good return on investment.
We are expecting a lot of interest in it from investors so call to arrange a viewing to avoid missing out on it. Please contact Kingswood.
Town Office: Lune Street, Preston, PR1 2NL Disclaimer: These particulars, whilst believed to be correct, do not form any part of an offer or contract.
Intending purchasers should not rely on them as statements or representation of fact.
No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Entrance Hallway (5.61m x 1.21m) Entrance door, ceiling spotlights, radiator, utility cupboard and a storage cupboard.
Lounge / Kitchen (6.60m x 6.27m) Ceiling spotlights, two double glazed windows, two radiators, wall and base units with contrasting work surfaces in the kitchen and a door leading to the fire escape area.
Inner Hallway (2.25m x 1.12m) Ceiling spotlights, opening leading through to the bedroom and a door leading to the en-suite bathroom.
Bedroom 1 (3.64m x 3.07m) Ceiling spotlights, double glazed window and a radiator.
Bedroom 1 En-Suite Bathroom (2.16m x 1.38m) Ceiling spotlights, walk-in shower, low level WC, hand wash basin and a heated towel rail.
Bedroom 2 (3.92m x 2.87m) Ceiling spotlights, double glazed window and a radiator. Bedroom 3 (3.90m x 2.80m) Ceiling spotlights, double glazed window and a radiator.
Bathroom Ceiling spotlights, bath with shower over, low level WC, hand wash basin and a heated towel rail.
Disclaimer These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact.
No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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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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 advisors 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.
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FAQ
About Apartment 30, The Sorting Office, Preston
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