Summary - Fylde Road, Preston, PR1 PR1 2XP
1 bed 1 bath Flat
Compact one-bedroom student flat with shared amenities — sold at online auction.
One bedroom student-style flat, compact and contemporary layout
A compact one-bedroom flat close to Preston city centre and the university, offered for sale at online auction. The apartment suits investors targeting student lets or buyers seeking close-in, low-upkeep accommodation. Shared on-site amenities include a gym, games room, cinema room and laundry, supporting lettable income and convenience for residents.
The flat is leasehold and will be sold under unconditional auction terms with completion strictly within 28 days. The advertised starting price is £10,000; a buyers’ premium of £5,000 (inc. VAT) is payable by the purchaser in addition to the sale price. The reserve price is higher and unpublished; interested parties should review the provided searches and carry out due diligence before bidding.
Internally the property presents contemporary, compact living: a small double bedroom, a modern open-plan kitchen and communal living spaces. Broadband speeds are average and mobile signal is excellent. The local neighbourhood is a cosmopolitan student area within a wider classification of social-renting young families, which supports steady tenant demand but limits owner-occupier premiums.
Material considerations: the area records very high crime levels and is in a deprived local authority area, which can affect rental yields, insurance costs and resale prospects. The flat requires no noted flooding mitigation. Prospective buyers and investors should factor in the auction timetable, additional fees and ongoing communal management costs when assessing total purchase economics.
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