Summary - Apartment 30 Leicester Court, Craggs Row PR1 1JD
2 bed 1 bath Apartment
City-centre two-bed with strong rental yield close to university and transport.
Chain-free two-bedroom city-centre apartment, walking distance to UCLan
Currently let on AST — rental income reported £850pcm (approx £10,200pa)
Projected achievable rent £900pcm; yield reported above 8% at asking price
Lease remaining approx. 111 years; modest ground rent and service charge
Modern building (c.2003–2006) with double glazing and EPC band B
Small overall size (approx 571 sq ft); compact internal layout
Neighbourhood: high crime rate and area classed as deprived, student-focused
Heating description inconsistent in listing — electric claimed; records list mains gas boiler
This two-bedroom city-centre apartment in Leicester Court sits within walking distance of the university and local transport hubs, making it a strong let-ready choice for investors. The property is currently tenanted on an AST and produces around £850pcm, with projected achievable rents of £900pcm given local demand — a reported yield of just over 8% at the asking price.
The apartment offers an open-plan living/kitchen, a balcony, and two double bedrooms across approximately 571 sq ft. The building is modern (circa 2003–2006) with double glazing, an EPC band B, and one off-street parking space noted. Service charge and ground rent are modest (approx. £1,200 and £160 p.a.). The lease has around 111 years remaining and the sale is chain-free.
Buyers should note this location is a multicultural, high-crime, and economically deprived city-centre neighbourhood with strong student presence. The listing references electric heating in the flat, while property records also list mains gas boiler and radiators — clarify with legal/title documents. The property is small in overall size and is sold with a tenant in situ, which limits vacant possession options for owner-occupiers.
Overall this is a compact, low-maintenance apartment aimed at investors seeking immediate rental income in a student-heavy market. It offers straightforward management and decent yield potential, but consider the neighbourhood profile, current tenancy, and confirm heating, tenure details and service charge figures prior to purchase.
2 bedroom flat for sale in Leicester Court Preston PR1 1JD, PR1 — £105,000 • 2 bed • 1 bath
2 bedroom apartment for sale in Light Buildings, Preston, PR1 — £100,000 • 2 bed • 1 bath • 711 ft²
2 bedroom flat for sale in Leicester Court, Preston, PR1 — £104,950 • 2 bed • 1 bath • 593 ft²
2 bedroom apartment for sale in Kayley House, New Hall Lane, Preston, PR1 — £79,000 • 2 bed • 1 bath • 603 ft²
1 bedroom apartment for sale in 16 Cross Street, Preston, PR1 — £70,000 • 1 bed • 1 bath • 593 ft²
2 bedroom apartment for sale in City Bridge Apartments, 3 Glovers Court, Preston, PR1 — £187,000 • 2 bed • 2 bath • 840 ft²
