St. Marys Close, Preston, Lancashire PR1

This two-bedroom ground floor flat presents a valuable opportunity for investors and developers seeking to enhance their portfolio in a sought-after rental area of Preston. Situated within a small collection of just four units, the property is available with vacant possession, allowing for a seamless transition into refurbishment. The layout includes a spacious lounge, a functional kitchen, and two bedrooms that all benefit from natural light through double glazed windows. The bathroom requires updates that could significantly improve the living experience. What truly sets this apartment apart is its potential for complete internal renovation. Investors can undertake an extensive overhaul to elevate both aesthetic appeal and functionality, tailoring the space to current market demands. The private rear garden also offers additional value, providing an outdoor space that can be revitalised to attract tenants. Given the competitive nature of the local rental market, this property represents an ideal chance for a 'Buy, Refurbish, Refinance' strategy aimed at maximising capital growth and rental yield. A thorough inspection is recommended to fully understand the scope of renovation needed.