Winckley Square, Preston, Lancashire PR1
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
504 sq ft
47 sq m
Key features
- Well-positioned two-bedroom apartment
- Prime Preston Setting
- Secure communal entrance
- Strong demand from professional tenants
- Long lease: 242 years remaining
Description
Asking Price: £145,000 | 2 Bedrooms | £895 PCM | Long Lease
A well-positioned two-bedroom apartment within Charles House, located on the sought-after Winkley Square in the heart of Preston. Currently let at £895pcm (£10,740pa), this is a strong city-centre investment with proven rental demand in the building, where similar units achieve up to £950pcm.
Investment Highlights
Purchase price: £145,000
Current rent: £895pcm (£10,740 per annum)
Comparable rents in building: £950pcm
Net yield: 6.0%
Service charge: £1,869.44 per annum
Ground rent: £156 per annum
Long lease: 242 years remaining
Prime city centre location
Strong demand from professional tenants
Ideal for first-time or portfolio investors
Property Overview
Secure communal entrance
Entrance hallway
Spacious open-plan living/dining area
Modern fitted kitchen
Two well-proportioned bedrooms
Bathroom suite
The property is well suited to professionals, sharers and couples seeking central living, ensuring consistent rental appeal.
Location - Prime Preston Setting
Winkley Square is one of Preston's most desirable residential addresses, offering attractive Georgian surroundings and green space while being moments from the city centre.
The property benefits from:
Walking distance to Preston railway station (direct services to Manchester & London)
Close proximity to the University of Central Lancashire, supporting ongoing tenant demand
Immediate access to shops, restaurants and amenities
Excellent motorway links via the M6 motorway, M61 motorway and M55 motorway
Investment Summary
A high-yielding, city-centre two-bedroom apartment with a long 242-year lease, established rental performance at £895 PCM, and clear evidence of continued rental demand within the building. Delivering approximately 6% net yield, this represents a low-maintenance and income-generating addition to any buy-to-let portfolio.
EPC D60
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- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Winckley Square, Preston, Lancashire PR1
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