PR1 4LQ - 2 bed preston two bedroom investment in Preston, PR1 4LQ

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2 bedroom flat for sale in Mercer Street, Preston,PR1

Summary - ARTIC BRANDS, FISHWICK PARK, MILLER STREET PR1 4LQ

2 bed 1 bath Flat

Ready-made rental with long lease and income uplift potential for serious investors.
- Long-term tenant currently in situ, consistent rental payments
- Current gross income £9,540 per year, potential to £10,044
- Leasehold with 232 years remaining
- Two bedrooms, one bathroom, about 624 sq ft
- Modern open-plan kitchen and spacious lounge
- Area classified as very deprived with high crime rates
- Buyers premium payable on purchase (fee applies)
- Average-sized apartment; may need redecoration between tenancies
A well-presented two-bedroom flat in a contemporary residential block, offered with a long-term tenant in situ. The property produces a current gross income of £9,540 per year, with estimated achievable income of around £10,044 at local market rates — making it a straightforward addition to an investor portfolio. Internal accommodation includes a spacious lounge, modern open-plan kitchen and two bedrooms across approximately 624 sq ft.

The flat is leasehold with 232 years remaining and sits in a modern development with landscaped communal entrance. Broadband and mobile signal are reported as good, and the location is close to shops, supermarkets, public transport and several schools, which supports ongoing rental demand.

Buyers should note material considerations: the property sits in an area of high crime and very high social deprivation, and it is advertised with a buyer’s premium payable on completion. The building appears well maintained externally, but the apartment is an average-sized unit and may need standard tenant-turnover redecoration between lets.

This listing is directed at investors and developers seeking immediate rental income and long-lease security. Full investment figures and tenancy documentation are available in the Let Property Pack for those conducting detailed due diligence.

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