Summary - 19 LONGLEY CLOSE FULWOOD PRESTON PR2 9TB
1 bed 1 bath Apartment
Refurbished studio with parking and strong rental yield — lease requires caution.
Modern open-plan studio with laminate flooring and good natural light
Private off-street parking space included
Currently let at £500 pcm — strong gross yield over 10%
78 years remaining on lease — lenders may refuse mortgage offers
Electric storage heating; potential replacement for efficiency
Ground rent £150pa plus small communal/service charges apply
Council Tax Band A — low local tax costs
Compact room sizes; limited living space for furniture
Compact, recently refreshed studio apartment in Fulwood offering immediate rental income and a private off-street parking space. The open-plan living/kitchen has new laminate flooring, neutral decoration and good natural light from a large front window; the bathroom is fitted with a shower-over-bath. Fast broadband, excellent mobile signal and low local crime make this convenient for tenants or a single occupant.
This is primarily a buy-to-let opportunity: the property currently achieves £500 pcm, delivering a strong gross yield above 10% at the indicated price. Local amenities, easy motorway access and walkable proximity to Royal Preston Hospital support ongoing rental demand. Council Tax Band A and low running costs help keep tenant expenses down.
Important lease information: only 78 years remain on the lease as of September 2025. This is a material issue—many mortgage lenders may refuse finance on flats with short leases. Prospective buyers should seek specialist mortgage advice and factor in potential future lease-extension costs.
Other practical points: heating is electric storage heaters, which are less efficient than gas systems and may be a future upgrade cost. Ground rent and small service charges apply (ground rent £150pa; additional communal and maintenance charges apply). Room sizes are compact — best suited to single occupants, students, or investors targeting lettings rather than buyers seeking spacious accommodation.
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