Characterful two-bed city apartment with strong rental potential and six months’ parking.
Two-bedroom second-floor apartment with three arched city-facing windows
A characterful two-bedroom apartment in a converted red-brick warehouse, City Bridge Apartments offers striking arched windows, exposed brickwork and high ceilings that stand out in central Preston. The open-plan kitchen/living space is fitted with integrated appliances and a newly installed washer-dryer, while the master bedroom includes fitted wardrobes and an ensuite — turnkey presentation that appeals to professional tenants or short-term lets.
This unit has income-focused features: Wi‑Fi controlled upgraded electric heating, integrated Bluetooth speakers, and six months’ paid off-street parking included. At the listed price the property shows clear rental potential (approx. £17,000 p.a.), supported by excellent public transport links, nearby amenities and proximity to the university and city-centre employers.
Important practical facts: the property is leasehold with about 120 years remaining, an annual service charge around £1,755 and ground rent of £250. Heating is electric (room heaters) — convenient but can mean higher running costs than gas. The apartment is average-sized (approx. 679 sq ft) with no private garden; outdoor space is limited to communal or street areas.
Buyers should weigh the site’s strong central location against local challenges: the area is classified as very deprived and crime levels are very high, which may affect tenant profiles, insurance costs and long-term capital growth. For investors seeking a well-presented, easily managed city-centre flat with immediate rental income potential, this is a practical, characterful option — but factor in service charges, electric heating costs and local area considerations.