Summary - 5 FLAT 2 WINCKLEY SQUARE PRESTON PR1 3JU
2 bed 2 bath Flat
Ready income-generating flat with parking in a central, amenity-rich location.
Victorian ground-floor apartment with characterful original exterior
This ground-floor two-bedroom apartment on Winckley Square offers a solid city-centre rental opportunity with characterful Victorian frontage and modern interior fittings. The property benefits from a long lease (978 years), double glazing, gas central heating and two secure allocated parking spaces — rare for central locations.
A tenant occupies the flat until November 2026, producing £9,300 per annum, so the purchase suits investors seeking immediate rental income and no-chain completion. The accommodation includes a lounge/diner, modern fitted kitchen with integrated appliances, two double bedrooms (master with en-suite) and a four-piece bathroom across 769 sq ft.
Buyers should note a relatively high annual service charge (£3,726) and a small ground rent (£100). The local area records very high crime levels and is classified as deprived, which may affect long-term capital growth and lettings to certain tenant profiles. Viewings will need to accommodate the existing tenancy.
Overall, this apartment will appeal to investors looking for a ready-made city-centre let with parking and period character, but purchasers must factor running costs and local area issues into yield and growth calculations.
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