Summary - Fylde Road, Preston, Lancashire, PR1 2XP PR1 2XP
1 bed 1 bath Studio
City-centre studio with managed student income and communal amenities, sold at auction.
Mandatory student-only tenancy; must be rented to a student
A compact studio in Jubilee Court offering straightforward entry to the UCLan student lettings market. The unit is sold via Secure Sale online bidding and carries a mandatory student-only tenancy requirement; the property is managed by a lettings agency and currently achieves £110 per week inclusive of bills (circa £5,720 pa). The lease has 241 years remaining, providing long-term leasehold security.
Communal facilities include a communal kitchen/dining area, laundry room, cinema and games room — amenities that support strong student demand. The city-centre location places bars, restaurants and campus facilities within easy walking distance, helping maintain lettability for successive cohorts.
Running costs and local context are material: annual service charge £2,289 and ground rent £582. The wider area shows high crime rates and relative deprivation, which investors must weigh against rental yield and low council tax (Band A). The apartment must be rented to a student — sale conditions and tenancy restrictions limit owner-occupier options.
Suitable for buy-to-let investors seeking a low-effort, managed student asset with immediate income. Be aware of the mandatory student-only stipulation, above-average service charges, and local area issues when assessing total return and re-letting risk.
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