Summary - Leighton Street, Preston, PR1 PR1 8RH
6 bed 6 bath Flat
Turnkey six-bed student flat with en-suites — sold at auction with tenants in situ..
- Six double bedrooms, each with en-suite, desk space and wardrobe
- Communal fitted kitchen and separate store room
- Sold with tenants in situ — immediate rental income potential
- Leasehold tenure; fourth-floor flat with secure entry
- To be sold at online auction; completion within 28 days
- Buyer’s premium £5,000 payable in addition to sale price
- Very high local crime and area classified as deprived
- Council tax above average; broadband only average
A purpose-built six-bedroom flat arranged for communal student letting, offered with tenants in situ and immediate rental income potential. Each bedroom has an en-suite, built-in desk and wardrobe; a communal kitchen and store room serve the fourth-floor apartment accessed via secure entry. The block and flat present a modern, utilitarian finish and are marketed as a turnkey rental for an investor comfortable with HMO-style student accommodation.
Buyers should note this is a leasehold property being sold at online auction on unconditional terms. Completion is required strictly within 28 days; a buyer’s premium of £5,000 (incl. VAT) is payable separately and immediately on winning. The published starting price is £120,000 with an unpublished reserve likely higher.
Location advantages include proximity to the university, bars and retail amenities, plus excellent mobile signal; the surrounding area is classified as a cosmopolitan student neighbourhood. Material negatives: the area has very high crime levels, is in a deprived ward, council tax is above average and broadband speeds are only average. The flat is sold with tenants in situ and may need routine maintenance between tenancies; no major flood risk is recorded.
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