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1 bedroom apartment for sale

Flat , Cross Street, Preston
Apartment
1 bed
1 bath
473
EPC rating: B
Added > 14 days

Key information

TenureLeasehold | 150 yrs left
Ground rent£457 per annum | review period: 146 yrs
Service charge£1,644 per annum
Council taxAsk agent

Features and description

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Stylish 1-Bed Apartment | Prime City Centre Location | NOW £100,000 | 5.8% Yield (Up to 12% Potential on Airbnb model)
Apartment 33, Winckley House, 5 Cross Street, Preston, PR1 3LT

Key Features:
* Fully furnished, modern one-bedroom apartment
* Excellent investment opportunity - tenanted with a current 5.8% yield
* Potential NET yields of up to 12% via short-term lets (permitted in lease)
* Sought-after location overlooking historic Winckley Square
* Leasehold: 150 years from 2019
* Ground Rent: £457 p.a.
* Located on the second floor of a completed development
* Just 5 minutes from Preston Train Station and city centre amenities

Property Description:

An ideal opportunity for investors seeking strong, immediate returns, this stylish second-floor apartment is located in the highly regarded Winckley House development in the heart of Preston.
Currently tenanted and generating £700pcm, the apartment is fully furnished and designed with modern, open-plan living in mind. The bright and spacious layout includes:
* A large lounge/dining area with integrated kitchen
* One double bedroom
* A contemporary bathroom suite
The apartment benefits from short-term let permissions, offering savvy investors the option to increase NET yields to up to 12%, subject to management.

Location:

Set in the prestigious Winckley Square Conservation Area, this apartment offers a peaceful green outlook just moments from city life. You'll be within walking distance to:
*Preston Train Station (less than 5 mins)
*High street shops, bars, and restaurants
*Avenham & Miller Parks

Whether you're expanding your portfolio or seeking a modern base in central Preston, Apartment 33 at Winckley House delivers location, lifestyle, and excellent return potential in one attractive package.

Enquire now to arrange a viewing or request further financial breakdowns.

* PLEASE NOTE: Images are of a very similar apartment in the same block. Viewings of the actual property can be arranged upon request.

Tenure: Leasehold (150 years)
Ground Rent: £457 per year (reviewed every 146 years)
Service Charge: £1,644 per year

Property information from this agent

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About this agent

Residential Estates - Chester
Residential Estates - Chester
Kinnerton House, Bell Meadow Cuckoos Nest, Pulford CH4 9EP
01244 988842
Full profileProperty listings
Residential Estates is an independent property company that provides unrivalled expertise in UK residential and commercial investments, property management, and sales as well as lettings. Covering all aspects of the property industry, our estate agents and consultants are experts in investment properties, sales, and lettings, this ensures that you are in safe hands with experts available to assist you with your property.  With more than 26 years in the industry, we are associated with the Property Ombudsman for your complete peace of mind.
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