Summary - Leighton Street, Preston, Lancashire, PR1 PR1 8RH
1 bed 1 bath Apartment
Compact, ready-made let close to university amenities and transport links.
- One-bedroom studio with en-suite and fitted furniture
- Part of gated modern block built 2003–2006
- Sold by auction; starting bid £10,000, undisclosed reserve
- Non-refundable reservation fee 3.5% (min £6,600 + VAT)
- Leasehold tenure; chain-free sale
- Electric room heaters; no central gas heating
- Located in high-crime, deprived student neighbourhood
- Communal kitchen and sitting area; ready for student let
A compact one-bedroom studio with en-suite, offered chain-free and marketed via the Modern Method of Auction. The flat is part of a modern, gated block built c.2003–2006 with double glazing and low-maintenance exterior brickwork. Furnished for student occupation, it includes fitted furniture and access to a communal kitchen and sitting area, making it ready for immediate letting.
This lot is aimed squarely at buy-to-let investors targeting student demand in central Preston. The building sits in a cosmopolitan student neighbourhood close to university facilities and local amenities; mobile signal is excellent and broadband speeds are average. The property’s modest size and simple electric room heaters keep running costs straightforward but limit tenant appeal outside the student market.
Important sale details materially affect purchase costs and timing: the sale is by Modern Method of Auction with a starting bid of £10,000, an undisclosed reserve, and a non-refundable reservation fee of 3.5% (minimum £6,600 plus VAT) on completion of bidding. The flat is leasehold, EPC rated D, in a high-crime, deprived city-area location — factors investors must weigh when forecasting rents and voids.
For an investor seeking a low-entry purchase into a student communal block, this is a workable, low-maintenance unit with immediate letting potential. For owner-occupiers or those seeking long-term capital growth in a low-crime neighbourhood, the location and heating/amenity constraints are important downsides.
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