Winckley Square, Preston, Lancashire PR1
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
379 sq ft
35 sq m
Key features
- Well-positioned one-bedroom apartment
- Highly desirable city-centre location
- Low-maintenance investment ideal for buy-to-let
- Suited to professionals, couples or students, offering consistent rental demand
- Long lease: 247 years remaining
Description
Asking Price: £125,000 | 1 Bedroom | Currently Let £800 PCM | 6.1% Net Yield | Long Lease
A well-presented one-bedroom apartment located within Charles House on the highly regarded Winkley Square, in the heart of Preston. Currently let at £800 PCM (£9,600 per annum), the property presents a strong income-producing investment with the potential to increase rent in line with the building's market to £850 PCM, enhancing returns.
Investment Highlights
Currently let: £800 PCM (£9,600 per annum)
Potential rent: £850 PCM (£10,200 per annum)
Approx. 6.1% net yield at current rent
Ground rent: £127 per annum
Service charge: £1,524.50 per annum
Long lease: 247 years remaining
Highly desirable city-centre location
Strong demand from professional tenants
Low-maintenance investment ideal for buy-to-let
Net Income Illustration (at £800 PCM):
£9,600 annual rent
Less £1,524.50 service charge
Less £127 ground rent
= £7,948.50 net annual income
? 6.1% net yield at £125,000 purchase price
Upside Potential: Raising rent to £850 PCM increases net income to approx. £8,548.50 per annum, improving the net yield to ~6.8%.
EPC - C
Property Overview
One double bedroom
Secure communal entrance
Entrance hallway
Open-plan living area
Modern fitted kitchen
Bathroom suite
The apartment is ideally suited to professionals, couples, or students, offering consistent rental demand.
Location
Winkley Square is one of Preston's most sought-after addresses, combining historic charm with convenient city-centre living. The property benefits from:
Walking distance to Preston railway station (direct links to Manchester, Liverpool & London)
Close proximity to the University of Central Lancashire, supporting long-term tenant demand
Immediate access to shops, bars, restaurants, and leisure facilities
Excellent road connections via the M6 motorway, M61 motorway, and M55 motorway
Investment Summary
A long-lease, city-centre one-bedroom apartment currently let at £800 PCM, with potential to increase rent to £850 PCM, delivering an approximate 6.1% net yield (rising to 6.8% with market rent). Positioned within a proven development on Winkley Square, this property represents a strong, low-maintenance income-generating investment suitable for both new and experienced investors.
LET PURE INVESTOR TAKE THE STRAIN AWAY ...
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.
Fully managed lettings and property management service
Comprehensive coverage throughout England and Wales
One team, one fee across your full portfolio
Rental income protection available
Transfer your existing properties quickly and easily
If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team on Tel:
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Winckley Square, Preston, Lancashire PR1
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 107charles. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.