Summary - 16, WINCKLEY HOUSE, 16, CROSS STREET, PRESTON PR1 3AJ
2 bed 1 bath Apartment
City-centre buy-to-let with immediate rental income.
Steps from Preston train station and local amenities
A compact two-bedroom apartment in Winckley House offering immediate rental income and strong buy-to-let appeal. The current tenant pays £795 pcm and the property will be sold with the sitting tenant in place, making it attractive for investors seeking an income-ready purchase.
The 520 sq ft open-plan living space benefits from a Juliet balcony overlooking Winckley Square, a fitted modern kitchen and practical layout for sharers or professionals. The lease has 143 years remaining and the property is offered at auction with a starting bid of £85,000.
Buyers should note material costs and practical considerations: annual service charge £1,769 and ground rent £457, electric room heaters (no gas central heating), and the property is in an area with high crime rates and wider deprivation indicators. The sale is via Secure Sale online bidding and cash buyers are preferred.
Overall, this is a straightforward city-centre investment with reliable rental demand and strong transport links, balanced by above-average running costs and local social challenges that may affect long-term capital growth.
2 bedroom apartment for sale in Cross Street, Preston, PR1 — £85,000 • 2 bed • 1 bath • 520 ft²
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 Cross Street, Preston, PR1 — £85,000 • 2 bed • 2 bath • 545 ft²
1 bedroom apartment for sale in Cross Street, Preston, PR1 — £70,000 • 1 bed • 1 bath • 417 ft²
2 bedroom apartment for sale in Cross Street, Preston, Lancashire, PR1 3AN, PR1 — £85,000 • 2 bed • 2 bath • 545 ft²
1 bedroom apartment for sale in Winckley Square, Preston, Lancashire, PR1 — £140,000 • 1 bed • 1 bath
