Summary - Fylde Road, Preston, PR1 PR1 2XP
1 bed 1 bath Flat
Low-entry student flat close to university — sold at auction with strict completion terms..
Close to university and town centre — strong student rental catchment
Purpose-built block with gym, games room, cinema and laundry
Compact one-bedroom layout; likely single-occupancy/student use
Sold at online auction — completion strictly within 28 days
Starting price £15,000; buyer’s premium £5,000 payable within 2 hours
Unknown tenure and reserve price; confirm lease/service charges
Local area deprived with very high crime — affects tenant pool/rent
Average broadband speeds; excellent mobile signal on site
This one-bedroom apartment on Fylde Road is presented as a compact student investment in a purpose-built modern block close to the university and town centre. The building offers communal facilities — gym, games room, cinema room and laundry — and onsite communal areas that appeal to student occupants seeking convenience. The flat has a small bedroom and compact living spaces; the property includes a garden and appears well-suited to single-occupancy or short-term student lets. The sale is by online auction with a low opening bid of £15,000 but buyers must budget for a non-refundable buyer’s premium of £5,000 (inclusive of VAT) payable within two hours of winning and an unpublished reserve price. Completion is unconditional and required within 28 days, so purchasers should only bid after undertaking full due diligence. Important negatives: the local area is classified as deprived with very high crime levels and a cosmopolitan student neighbourhood character; the property is compact and likely configured for student use with shared kitchens/communal living. Tenure is not stated in the provided information — confirm freehold/leasehold and service charges before bidding. Broadband speeds are average; mobile signal is excellent. This is aimed at experienced investors or cash buyers seeking a low-entry-price student-let opportunity who can manage short completion times, factor in the buyer’s premium and accept the local area challenges.
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