Summary - 30 Winckley House, 16 Cross Street PR1 3AJ
1 bed 1 bath Apartment
Chain-free one-bedroom buy-to-let with tenant in situ and long lease.
Chain-free city-centre one-bedroom apartment
Situated in the heart of Preston city centre, this one-bedroom apartment offers a compact, city-centre buy-to-let with immediate income potential. The property has a long lease (150 years from 2018) and an existing tenant reported as paying around £725 pcm (another figure of £675 pcm is also cited), producing a high gross yield figure in published material. Service charges and ground rent are moderate for city-centre stock: service charge approx. £1,300pa and ground rent £418pa. EPC rating B is a practical plus for lettings, but main heating is electric room heaters which may deter energy-conscious tenants.
The flat is a traditional-style layout with a combined lounge/kitchen, a good-sized bedroom and a larger-than-average bathroom. Its central location places shops, cafes, bars, Preston railway station and UCLan within short walking distance — attractive to students and commuting renters. Broadband and mobile signals are good, and the property was constructed in the 2007–2011 period, suggesting relatively modern fabric and double glazing (install date unknown).
Drawbacks to note: the local area registers high crime and deprivation indices, which can affect tenant profiles and rental demand; heating is electric room heaters (no mains gas), and the property is leasehold with annual charges. Council tax is low (Band A). This is best suited to an investor targeting city-centre student or commuter lets who can accept the neighbourhood profile and current service costs.
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