Summary -
Apartment 86,Centenary Mill Court,New Hall Lane,PRESTON,PR1 5JQ
PR1 5JQ
2 bed 2 bath Flat
Affordable two-bedroom investment with tenant in situ and immediate rental income.
- Two bedrooms, two bathrooms, including an en-suite
- Tenant in situ paying £700 pcm (see legal pack)
- Low guide price £29,000 — auction sale
- Leasehold with c.105 years remaining
- Service charge c. £356.16 pcm (above average)
- Ground rent c. £26.41 pcm
- Located in very high crime, very deprived area
- Industrial-conversion character with high ceilings and large windows
Offered for auction with a tenant in situ, this two-bedroom flat sits within a converted industrial mill and presents a low entry price for investors. The open-plan living space benefits from high, double-height ceilings and large windows that deliver generous natural light and loft-style character. The current rent is £700 pcm (tenant details in legal pack), providing immediate income for a buyer seeking yield or a long-term hold.
Practical considerations include a leasehold tenure with approximately 105 years remaining, a relatively high monthly service charge of about £356.16, and a ground rent of £26.41 pcm. The property is located in an inner-city area with very high local crime and significant deprivation, which may affect tenant profiles and capital growth prospects. Viewings are by block appointment ahead of the online auction date.
This is most suitable for a hands-on investor or buyer comfortable with urban, student-and-commuter rental markets. Structural and cosmetic condition should be checked via the legal pack and viewing; the building’s industrial conversion offers good volume and character but may require ongoing maintenance. All purchasers should review the full legal pack and service charge accounts before bidding.
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