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About this property

INVESTOR / DEVELOPER OPPORTUNITY

Ground Floor Flat | 2 Bedrooms | High Yield Potential | Private Garden

A prime "add-value" opportunity located in a high-demand rental pocket of Preston. This two-bedroom ground-floor apartment is one of only four units in a low-density, purpose-built block. Offered with vacant possession and no onward chain, it represents a straightforward flip or "Buy, Refurbish, Refinance" (BRR) prospect.

The property is ripe for a full internal strip-out and modernisation, allowing an incoming investor to set their own specification to maximise both capital appreciation and rental ceiling.

This property is priced to reflect the work required and is expected to generate significant interest from the local investment community. Internal inspection is essential to quantify the works required.



Hallway
Wood panelled door to the front.

Lounge
4.46m x 3.75m
Double glazed window to the front, radiator and storage cupboard.

Kitchen
2.94m x 2.35m
Double glazed window to the front, range of wall and base units with complementary work surfaces, sink and drainer, gas cooker point, space for washer, tiled flooring.

Bedroom One
3.54m x 2.83m
Double glazed window to the rear and radiator.

Bedroom Two
3.27m x 1.95m
Double glazed window to the rear and radiator.

Bathroom
2.34m x 1.72m
Double glazed window to the side, bath with shower over, wash basin, low flush wc, part tiled walls, tiled flooring and radiator.

Externally
Fence enclosed garden to the rear with patio area and lawn.

Council Tax Band Tenure
We have been advised by the seller that the Council Tax Band is Band A and the Tenure is Leasehold.

Room details

  • Hallway
    Wood panelled door to the front.
  • Lounge 4.46m x 3.75m
    Double glazed window to the front, radiator and storage cupboard.
  • Kitchen 2.94m x 2.35m
    Double glazed window to the front, range of wall and base units with complementary work surfaces, sink and drainer, gas cooker point, space for washer, tiled flooring.
  • Bedroom One 3.54m x 2.83m
    Double glazed window to the rear and radiator.
  • Bedroom Two 3.27m x 1.95m
    Double glazed window to the rear and radiator.
  • Bathroom 2.34m x 1.72m
    Double glazed window to the side, bath with shower over, wash basin, low flush wc, part tiled walls, tiled flooring and radiator.
  • Externally
    Fence enclosed garden to the rear with patio area and lawn.
  • Council Tax Band Tenure
    We have been advised by the seller that the Council Tax Band is Band A and the Tenure is Leasehold.

Key information

Council Tax Band: A

Tenure: Leasehold

Leasehold Information:

  • Number of years left on lease: Contact branch
  • Annual service charge: Contact branch
  • Annual ground rent: £15
  • Annual ground rent review period: Contact branch
  • Ground rent increase: Contact branch

  • Utility supply:

    • Electric: Mains Supply
    • Water: Mains Supply
    • Heating: Double Glazing
    • Gas Central: Ask agent
    • Broadband: Ask agent
    • Sewerage: Mains Supply

    Rights and restrictions:

    • Private rights of way: Ask agent
    • Public rights of way: Ask agent
    • Listed property: Ask agent
    • Restrictions: Ask agent

    Risks:

    • Flooded in last 5 years: Ask agent
    • Flood defences: Ask agent
    • Source of flood: Ask agent

Energy Performance Certificate

EPC
  • Property responsive
    St. Marys Close, Preston, Lancashire, PR1 2 ground floor flat
    £
    £
    £
    Years
    %
    * Estimated monthly repayment: £...

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    *Please be aware, these results are for illustrative purposes only and should not be considered as a mortgage quote. These are based on a repayment mortgage and may vary depending on the term and interest rate of your mortgage. Lender fees may also be applicable. If you would like guidance on the right mortgage for you, we recommend speaking to a Countrywide Mortgage Services Consultant who will be more than happy to help.

    †The 4.7% annual interest rate is based on the Connells Group average mortgage interest rate taken from the period of 01/01/2024 – 31/12/2024 and is correct as at 13/02/2025.

Agent details

Preston
    13-14 Chapel Street
    PRESTON
    Lancashire
    PR1 8BU
Phone Icon Icon set Phone 01772804285

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Sales: Entwistle Green is a trading name of Countrywide Estate Agents Limited, Registered in England Number 00789476. Registered Office Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN.
Lettings: Entwistle Green is a trading name of Countrywide Residential Lettings Limited, Registered Office: Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN. Registered in England Number 02995024. Countrywide Residential Lettings Limited is a member of and covered by the ARLA Propertymark Client Money Protection Scheme. Countrywide Residential Lettings Limited is an agent and subsidiary of Countrywide Estate Agents Limited, Registered in England Number 00789476, Registered Office: Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN. Countrywide Estate Agents is an appointed representative of Countrywide Principal Services Limited which is authorised and regulated by the Financial Conduct Authority FRN 301684. VAT number 500 2481 05.

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