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EPC
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Total views:  2500+
Guide price
£70,000

1 bedroom apartment for sale

16 Cross Street, City Centre, Preston, Lancashire, PR1 3AJ
Auction
Apartment
1 bed
1 bath
409
EPC rating: C
Added > 14 days

Key information

TenureLeasehold | 143 yrs left
Council taxBand A
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Being Sold via Secure Sale online bidding. Terms and Conditions apply.
  • Sought-after Winckley Square location with modern apartment finish throughout
  • Flexible investment with appeal to professionals, students and short-stay guests
  • Close to the station and the city centre shops, bars and restaurants
  • Potential to earn around £700pcm on an AST or up to £700 per week as a short let
  • Bright open-plan living space with modern fitted kitchen
  • Double bedroom with clean, tiled bathroom including shower over bath
  • Long lease in place offering investors peace of mind and simple ownership
  • Walk-to-everything lifestyle with shops, restaurants and culture on the doorstep
  • Immediate ‘exchange of contracts’ available Being sold via ‘Secure Sale’
Just round the corner from Preston’s most sought after square, this smart one-bedroom apartment gives investors the edge - combining a heritage location curb appeal with modern efficiency, just a short walk from the station.

You get all the Georgian charm outside - with none of the Georgian draughty sash windows or need for constant upkeep inside.

Professionals love the walk-to-everything lifestyle. Students settle here after graduating. And Airbnb guests book for the Winckley Square picture postcard views and come back for the clean, modern finish and city-centre convenience.

Inside, you’ll find a bright, open-plan living space with a modern fitted kitchen, a double bedroom and a clean, tiled three-piece bathroom with a shower over the bath.

There’s laminate flooring through the living space, cosy carpet in the bedroom and a separate storage cupboard off the hallway to keep things clutter-free.

Purchased in 2020 by the current owner as part of a high-quality office conversion, the apartment still feels fresh and ready to let. And with a long lease already in place, it's a low-hassle option for investors who want simplicity and strong returns from the start.

With demand from both short-stay guests and long-term tenants far outstripping local supply, this is a smart investment that works from day one.

Whether you're letting to city workers, students or weekend visitors, this flat gives you a prime postcode that quietly delivers reliable returns.

You can expect to receive around £700pcm renting it out on a long term AST or upto £700 per week as a short term let.

Please note that the photos of the lounge, kitchen, and bathroom represent the property in a vacant state

A prime Winckley Square location paired with a modern, low-upkeep apartment - perfect for investors seeking flexible income from both long-term lets and high-yield short stays."

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 143
Annual Ground Rent Amount: £450.00
Annual Service Charge Amount: £1,427.00

Rooms

Bedroom
Bedroom 3.55 x 3.32m

Kitchen
Kitchen 6.04 x 3.10m

Bathroom
Bathroom 2.49 x 1.98m

Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law

Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.

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About this agent

Pattinson - North West Auction
Pattinson - North West Auction
2 Hills Street Gateshead, Tyne and Wear NE8 2AS
0191 499 9262
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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