Summary - Cross Street, Preston, PR1 PR1 3AJ
1 bed 1 bath Apartment
Low-maintenance modern flat with flexible long-term and short-stay income potential.
- Prime Winckley Square location, short walk to station and city centre
- Long lease in place (143 years) offers ownership security
- Newly renovated 2019 build with double glazing and modern finishes
- Potential income: approx £700 pcm (AST) or up to £700/week (short let)
- Small overall size (approx 417 sq ft) limits space
- Electric room heaters only — higher running costs likely
- Area recorded as very high crime and generally deprived
- Sold at auction: 5% non-refundable deposit plus reservation fee risk
A compact one-bedroom apartment on Cross Street, in the sought-after Winckley Square area, offers low-maintenance modern living and flexible income potential. Built in 2019 and newly renovated, the flat includes a bright open-plan living area with an integrated kitchen, double bedroom and a tiled bathroom. A long lease (143 years) and recent double glazing reduce long-term ownership risk and make this straightforward for lettings.
This property suits investors seeking a walk-to-everything postcode with appeal to professionals, students and short-stay guests. Forecasted income is around £700 pcm on an AST or up to £700 per week as a short-term let, reflecting strong local demand close to the station, shops and hospitality. Fast broadband and excellent mobile signal support short-stay and remote-working tenants.
Buyers should note material negatives plainly: the apartment is small (approx. 417 sq ft), heated by electric room heaters (potentially higher running costs), and sits within an area recorded as very high crime and generally deprived. The lot is sold at auction via an online Secure Sale process; successful bidders must pay a 5% non-refundable deposit on exchange and may also be charged a non-refundable reservation fee (up to 6% inc. VAT, minimum applies). These sale costs and the leasehold tenure are important factors for budgeting.
1 bedroom apartment for sale in 16 Cross Street, City Centre, Preston, Lancashire, PR1 3AJ, PR1 — £70,000 • 1 bed • 1 bath • 417 ft²
2 bedroom apartment for sale in 16 Cross Street, Preston, Lancashire, PR1 3AJ, PR1 — £85,000 • 2 bed • 1 bath • 520 ft²
2 bedroom apartment for sale in Cross Street, Preston, PR1 — £85,000 • 2 bed • 1 bath • 520 ft²
1 bedroom apartment for sale in Winckley Square, Preston, Lancashire, PR1 — £140,000 • 1 bed • 1 bath
1 bedroom apartment for sale in Winckley Square, Preston, Lancashire, PR1 — £115,000 • 1 bed • 1 bath • 430 ft²
2 bedroom apartment for sale in Cross Street, Preston, PR1 — £85,000 • 2 bed • 2 bath • 545 ft²
