Summary - Fylde Road, Preston, PR1 PR1 2XP
1 bed 1 bath Flat
Auction lot near university with shared facilities and fast completion.
Close to university and town centre, convenient for students and short-term tenants
Shared on-site facilities: gym, cinema room, games room, laundry, communal kitchen
Starting price £10,000 but buyer's premium £5,000 payable on top of sale price
Sold at auction on unconditional terms; completion strictly within 28 days
Reserve price is higher and unpublished; full due diligence strongly advised
Very high local crime and a generally deprived area — affects demand and insurance
Tenure is unknown; property sold as seen, refurbishment and management likely required
Compact one-bedroom layout limits rental flexibility and resale appeal
This one-bedroom flat on Fylde Road is offered as an online auction lot, close to the university and within walking distance of Preston town centre. The building offers communal amenities including a shared kitchen, gym, games room, cinema room and laundry — conveniences attractive to students and short-term tenants.
The starting price is very low at £10,000, but bidders must note a non-negotiable buyer’s premium of £5,000 (inc VAT) payable on top of the sale price, and the vendor’s reserve price is higher and unpublished. The sale is unconditional with completion required within 28 days; prospective buyers should carry out full due diligence beforehand. Tenure is unknown and the property will be sold as seen at auction.
Location strengths are proximity to several schools and the university, excellent mobile signal and on-site communal facilities that reduce day-to-day management for landlords. Significant negatives to factor into valuation and refurbishment budgets include the property’s siting in a deprived area with very high recorded crime and a compact one-bedroom layout that limits rental configuration options.
This lot suits investors targeting student lets or short-term rental markets who can manage the quick auction timetable, cover upfront buyer’s fees, and handle any refurbishment or management needed. For owner-occupiers or those seeking long-term security, the area’s crime levels, unknown tenure, and auction conditions represent material risks.
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