Summary - Birley Street, Preston, Lancashire, PR1 PR1 2AQ
2 bed 1 bath Flat
High-yield central two-bed with tenant in place and city views, cash buyers preferred.
Tenant in situ paying £10,200 per year
A well-located two-bedroom eighth-floor apartment with a tenant in situ producing £10,200 per year, offering an immediate income stream. The large living room, generous breakfast kitchen and city views over Flag Market make it a straightforward city-centre rental.
Sold leasehold and for cash buyers only, the flat has double glazing and electric heating via room heaters; these reduce refurbishment workload but can mean higher running costs. The building appears modern with maintained communal areas, and the apartment’s 617 sq ft layout is typical for urban two-bed homes.
Buyers should note material considerations: the area is very deprived with very high crime rates, broadband speeds are slow, and the building relies on electric heating. These factors affect tenant profiles, management needs and long-term demand. Overall this is a clear, hands-off rental purchase for investors seeking immediate yield and central location.
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