Summary - 29 Kayley House, New Hall Lane PR1 4DP
2 bed 1 bath Flat
Affordable modern two-bed flat on New Hall Lane — investment-ready with tenant in situ..
Tenant in situ producing rental income (£8,700 pa)
Long lease remaining (over 230 years)
Central location with excellent transport links and amenities
Small overall size; best for single occupants or investors
Faces a busy main road — traffic noise likely
High local crime and very deprived area — affects tenant profile
Electric room heating only — potentially higher running costs
Modest service charge (£800) and low ground rent (£150)
This second-floor, two-bedroom apartment on New Hall Lane is a compact, modern leasehold flat geared toward buy-to-let buyers or first-time investors. The property is in practical condition with neutral finishes, double glazing and an EPC C rating; it currently has a tenant in situ generating rental income. The long lease (over 230 years) and modest service and ground charges reduce holding costs.
Location is the primary draw: direct access to Preston city centre, frequent public transport links and immediate local amenities including a supermarket and shops. The apartment’s open-plan living/kitchen and two double bedrooms make it straightforward to rent to professionals, students or local workers seeking central, well-connected accommodation.
Buyers should weigh clear negatives alongside the positives. The flat faces a busy road so traffic noise and limited private outdoor space are notable. The local area shows high crime levels and very high deprivation, which can affect tenant profiles and resale. Heating is electric via room heaters rather than a communal gas system, which may raise running costs compared with gas-heated properties.
Overall this is an affordable, low-maintenance city-centre flat with immediate rental demand and minimal upfront legal delays (no chain). It will suit investors seeking a hands-off income stream or buyers wanting an inexpensive, central foothold in Preston, provided they are comfortable with the urban setting and service arrangements.
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