Summary - 6, CITY BRIDGE APARTMENTS, 1, GLOVERS COURT PR1 3LZ
1 bed 1 bath Apartment
Spacious city centre one-bedroom with balconies, parking and strong rental potential ideal for investors.
Corner city-centre apartment with high ceilings and large windows
Located in the heart of Preston city centre, this one-bedroom apartment occupies a corner position in a handsome Victorian building with high ceilings and large windows that flood the living space with light. The flat has been recently refurbished to a contemporary specification: an open-plan living/kitchen, fitted appliances, modern shower room and two balconies providing outdoor space. One allocated off-street parking space is included, a rare city-centre convenience.
This property is well placed for rental demand — walking distance to the university, shops and transport links — and the vendor’s guidance suggests a potential rent of around £1,100 pcm. Practical features include double glazing (installed post-2002), average broadband speeds and excellent mobile signal, supporting both students and young professionals as tenants.
Material considerations are set out plainly. The apartment is leasehold with an annual service charge of around £1,800 and ground rent of £250. Heating is by electric room heaters rather than a communal gas system, which can mean higher running costs. The surrounding area is classified as very deprived with very high recorded crime levels; that context will affect both tenant mix and resale appeal.
The building’s Victorian construction gives character and good natural light but may carry higher future repair costs than newer development. Conservation or listing controls are possible, which could limit alterations but help preserve character. For investors, the combination of central location, turnkey condition and parking presents clear upside; buyers should budget for ongoing service charges and factor local area social indicators into rental and management plans.
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