Period character and a modern interior near university — strong rental appeal for investors..
- Victorian corner building with high ceilings and arched windows
- Compact one-bedroom, open-plan living with external balcony
- Contemporary fitted kitchen and recently refurbished shower room
- Electric room heaters only — potentially higher heating costs
- Leasehold: service charge ~£1,800/year and ground rent £250/year
- Situated in a busy student/multicultural city-centre neighbourhood
- Very high local crime and very deprived area — consider security
- Potential rental ~£1,100 pcm (investors), small internal footprint
Set within a striking Victorian corner building in central Preston, this one-bedroom apartment pairs period curb appeal with a recent high-spec interior. The open-plan living space includes a contemporary fitted kitchen, a walk-in shower room and a decked balcony overlooking the busy high street — a compact, city-centre home suited to a single professional, couple or buy-to-let investor.
Practical running costs should be considered: the flat uses electric room heaters (no central gas), the property is leasehold with an annual service charge of around £1,800 and ground rent £250. Council Tax sits at a low Band A, but energy and heating costs may be higher than gas-heated homes.
Location is the apartment’s chief selling point. It’s within walking distance of the university, shopping at Fishergate and St George’s, plentiful public transport links and strong rental demand in this student/city-centre neighbourhood. Mobile signal is excellent and the building has double glazing installed post-2002.
Buyers and investors should note notable local conditions: the area is classified as very deprived with very high crime levels, and the setting is a busy pedestrianised high street, which brings footfall but also street noise. The apartment’s compact footprint and modest room sizes limit suitability for families; however, expected rental income (circa £1,100 pcm) supports investor interest.