1 bed flat for sale

Cross Street, Preston PR1

Highgate Homes are delighted to present this well-maintained one-bedroom apartment in Winckley House, Preston.

Generating an impressive gross rental yield of approximately 11.25%, this is an excellent opportunity for investors seeking a ready-made income-producing asset. The property is currently tenanted, providing immediate rental income from day one, with the tenant occupying on a periodic tenancy.

Ideally positioned within walking distance of Preston City Centre, Preston Train Station, UCLan, and the popular Avenham Park, the apartment benefits from strong rental demand from professionals, students, and commuters alike. Residents also enjoy easy access to a wide range of shops, cafés, bars, and restaurants.

The accommodation comprises a private reception area, double bedroom, fitted kitchen, and separate bathroom. The apartment has been renovated and is presented in good condition throughout, requiring no further works, making it an ideal turnkey investment.

Externally, the development benefits from resident parking.

Call Highgate Homes today on to get booked in for a viewing!

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services m

Reception

With full laminate flooring throughout, the reception consists of 2 chairs and a table.

Bedroom

Next to the reception is the bedroom with a new, large double bed.

Kitchen

A newly fitted kitchen with washing machine, oven, hob & fridge freezer unit.

Bathroom

A fully tiled, recently fitted bathroom with bath, shower, sink and toilet.