Summary - Wellington Street, PRESTON, Lancashire, PR1 PR1 8TQ
1 bed 1 bath Flat
Compact city flat with strong rental potential and modern conveniences.
Upper-floor one-bedroom leasehold flat, about 402 sq ft
City-centre location close to shops, transport links and amenities
Excellent mobile signal and fast broadband for renters or remote workers
Very cheap council tax but located in a deprived area with very high crime
Electric room heaters only — no central heating, higher running costs likely
Solid brick walls likely without insulation — consider thermal upgrades
Compact layout suitable for single occupant, couple, student, or investor
Requires ongoing maintenance and possible cosmetic refurbishment
This compact one-bedroom leasehold flat sits on an upper floor of a Georgian terrace in central Preston, suited to a single buyer, student or investor seeking city-centre rental potential. The apartment offers a double bedroom, fitted kitchen with appliances and a three-piece bathroom in a practical layout across 402 sq ft.
The property benefits from strong digital connectivity — excellent mobile signal and fast broadband — plus very cheap council tax and convenient local amenities including supermarkets, restaurants and leisure facilities. Low flood risk and secure period character add further appeal for short-term lettings or first home use.
Buyers should note material drawbacks: the building is in a deprived area with very high local crime rates, heating is by electric room heaters only, and the terrace has solid brick walls likely without insulation. As a leasehold upper-floor conversion in a traditional property, maintenance and potential thermal upgrade costs should be expected.
For investors, the flat’s city-centre location near students and professionals supports rental demand, but factor in safety considerations, possible refurbishment, and leasehold terms. For first-time buyers, the property is an affordable entry point but may require spending on heating, insulation and cosmetic updating.
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