Summary - 2 GRIMSHAW PLACE, PRESTON PR1 3BW
1 bed 1 bath Flat
Vacant buy-to-let near Preston city centre, sold at auction.
Vacant one-bedroom ground-floor flat, 593 sq ft
A one-bedroom vacant ground-floor apartment offered for sale by online auction, approximately five minutes’ walk from Preston city centre. The 593 sq ft flat sits in a modern brick development (built 2003–2006) and benefits from a long lease (999 years from 2006), gated rear parking and double glazing. The apartment is currently heated by electric room heaters and has an EPC rating of C.
This lot is suited to investors or buyers seeking a low-entry purchase in a busy student-focused neighbourhood. Its vacant status and proximity to local colleges, shops and transport make it straightforward to relet or to refurbish for short-term lets, subject to any management or local restrictions. Council Tax Band A and a relatively long lease support hold-value for the future.
Important practical points: the area records very high crime and is in a very deprived ward, which will affect tenant demand and rental yields. Main heating is electric room heaters (no central system), and the sale is by auction: buyers must pay deposit and fees immediately on exchange. The legal pack lists an administration fee (2.5% inc. VAT, minimum £2,500) and a buyer’s premium (£900 inc. VAT). Service charge and ground rent are not stated in the summary and should be checked in the legal documents.
This is a clear, pragmatic opportunity for an investor comfortable buying at auction and managing property in a student/cosmopolitan neighbourhood. Check the legal pack, verify service charges and local lettability, and allow budget for any heating upgrades or interior refurbishment where needed.
1 bedroom flat for sale in Fylde Road, Preston, PR1 — £10,000 • 1 bed • 1 bath
1 bedroom flat for sale in Fylde Road, Preston, PR1 — £10,000 • 1 bed • 1 bath
4 bedroom flat for sale in Apartment D3, The Warehouse , Victoria Street, Preston, Lancashire PR1 7QT, PR1 — £60,000 • 4 bed • 1 bath • 937 ft²
1 bedroom apartment for sale in Cross Street, Preston, PR1 — £70,000 • 1 bed • 1 bath • 417 ft²
1 bedroom apartment for sale in Bishopgate, Preston, Lancashire, PR1 1AS, PR1 — £100,000 • 1 bed • 1 bath • 496 ft²
2 bedroom flat for sale in Centenary Mill Court, New Hall Lane, Preston, PR1 — £29,000 • 2 bed • 2 bath
