Summary - FLAT 406, CHARLES HOUSE, 8, WINCKLEY SQUARE PR1 3AW
1 bed 1 bath Apartment
Central one-bedroom flat with immediate rental income and long lease..
Tenanted at £850pcm — immediate rental income
Long lease: 249 years remaining from 2021
Service charge c. £1,800pa; ground rent £134pa
Electric heating (room heaters) — no gas central heating
Double glazing fitted post-2002; EPC C
Built 1930–1949; cavity walls assumed uninsulated
Very high local crime and very deprived area
Five-minute walk to train station and Winckley Square Gardens
A well-presented one-bedroom apartment on Winckley Square offers a strong central location and immediate rental income. The flat is currently tenanted at £850pcm, making it suitable for buy-to-let investors seeking an established income stream and easy access to Preston train station and city amenities.
The apartment sits in a purpose-built period block with lift access and recent double glazing. The open-plan living room and contemporary fitted kitchen include integrated appliances, and the property has modern fixtures throughout. Long lease (249 years remaining) reduces future lease-extension risk and the EPC rating is C.
Buyers should note material running costs and local factors: a service charge of around £1,800pa and ground rent of £134pa apply, with annual building insurance quoted at £450. Heating is electric via room heaters (no central gas), and the building’s cavity walls are assumed uninsulated, which may affect energy bills. The broader area is classified as very deprived with very high crime levels — important for resident safety perceptions and future tenant profiling.
Overall this apartment suits investors or buyers wanting a central, low-maintenance rental with immediate yield. It offers renovation potential for increased rent, but factor in service charges, electric heating costs, and local area considerations when assessing long-term returns.
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