Summary - 60B Flat 2, James Street, Preston PR1 4JX
5 bed 3 bath Apartment
Ready-income block near university, ideal for buy-to-let portfolios.
Freehold small block of three self-contained flats generating £2,000pcm
This freehold end‑terrace on James Street is offered as a small block of three self‑contained flats, currently fully tenanted and producing circa £2,000pcm (around 8.5% yield at the asking price). The building includes two two‑bed flats and one studio-style unit with modern fitted kitchens and bathrooms, providing immediate rental income and low day‑to‑day maintenance requirements.
Accommodation is compact: overall footprint is small, individual rooms and bathrooms are modest in size and some attic spaces have low, sloped ceilings. There is no private garden; parking is on‑street with a small paved forecourt and driveway/kerbside space to the side. EPC ratings vary across units (D/E/C) so further EPC detail should be requested if energy efficiency is a priority.
The location close to Preston city centre and UCLan supports consistent tenant demand from students and professionals, but the area is very deprived with above‑average crime statistics — factors that affect rental pricing and management considerations. Mobile signal and broadband speeds are good, and council tax costs are low (Band A), aiding affordability for tenants.
This is a practical buy‑to‑let proposition for an investor seeking immediate income and a low‑maintenance asset. Buyers should budget for a full survey, standard management overheads, and potential targeted upgrades to improve EPC scores and long‑term capital value.
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