2-bedroom house · PR3 2FQ
Sold STCListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold An excellent opportunity to get onto the property ladder with this beautifully presented two-bedroom end mews home, available to purchase through the Shared Ownership Scheme with an initial 25% share.
Situated in a convenient central location within the thriving market town of Longridge, this modern home is ideal for first-time buyers looking for an affordable way to own their own property while enjoying everything the town has to offer.
A fantastic selection of independent shops, cafés, pubs, supermarkets and everyday amenities are all within easy reach, along with beautiful countryside walks and excellent transport links to Preston and the surrounding areas.
Finished to a modern standard throughout, the accommodation has been thoughtfully designed for contemporary living.
The ground floor offers a bright and spacious open-plan layout incorporating the living, dining and kitchen areas, creating a sociable space that's perfect for both everyday life and entertaining.
A convenient downstairs WC completes the ground floor.
To the first floor are two well-proportioned bedrooms and a modern family bathroom, providing comfortable accommodation for individuals, couples or a young family.
Externally, the property benefits from an enclosed rear garden, ideal for relaxing or entertaining, together with a parking space to the front of the property.
The property is available to purchase on a 25% shared ownership basis, making it an affordable first step onto the property ladder.
The monthly rent payable on the remaining 75% share is £354.27, with a monthly service charge of £12.44, which includes the cost of buildings insurance.
One of the key benefits of this scheme is the opportunity to staircase your ownership in the future, allowing you to purchase additional shares as your circumstances change.
Subject to the terms of the lease, you can ultimately staircase to 100% ownership, at which point you will own the property outright and acquire the freehold.
Offering stylish, low-maintenance accommodation in a highly desirable location, this is a fantastic opportunity to secure your first home with the flexibility to own more of it in the future.
Early viewing is highly recommended.
EPC Rating: B Garden Enclosed rear garden Disclaimer Disclaimer: All information such as plans, dimensions, and details about the property's condition or suitability is provided in good faith and believed to be accurate, but should not be relied upon without independent verification.
Buyers or tenants must carry out their own checks. Appliances and systems (e.g. Electrics, plumbing, heating) haven’t been tested.
It’s strongly advised to get professional inspections before making any commitments. No employee or agent of Holdens Estate Agents is authorised to make promises or guarantees about the property.
These details are for general guidance only and do not form part of any contract.
If the property is leasehold, buyers should carefully review the lease terms, including length, rent, deposit, and any specific conditions.
All discussions with Holdens Estate Agents are subject to 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 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 3 Cortusa Drive, Preston
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