Offers over
£270,000
5 bed flat for saleJames Street, Preston PR1
5 beds
3 baths
3 receptions
EPC Rating: D
Freehold
About this property
Fully self-contained apartments with separate entrances
Fitted kitchens and bathrooms
Low-maintenance investment
Tenure: Freehold
On Street Parking
EPC Rating: D, E, C
Council Tax Band: A
An excellent investment opportunity to acquire a block of three self-contained apartments located on James Street, Preston, offering strong rental potential in a popular central location.
The property comprises two two-bedroom apartments and one one-bedroom / studio apartment, each with its own fitted kitchen and bathroom.
Current rental details:
Flat 1: Two-bedroom apartment – currently let at £650 pcm
Flat 2: Two-bedroom apartment – currently vacant, with an achievable rent of £700 pcm
Flat 3: One-bedroom / studio apartment – currently let at £650 pcm
When fully let, the property generates a total income of £2,000 per calendar month (£24,000 per annum). There are tenants in situ in Flats 1 and 3, with Flat 2 providing immediate scope for rental uplift or owner occupation.
The property is ideally situated close to Preston city centre, the University of Central Lancashire (UCLan), transport links and local amenities, making it attractive to both professionals and students.
Full tenancy details and rental information are available upon request.
Flat One
Kitchen/Living Room (4.4m x 2.5m (14'5" x 8'2"))
Bedroom One (2.5m x 2.0m (8'2" x 6'6"))
Bedroom Two (2.8m x 1.8m (9'2" x 5'10"))
Flat Two
Awaiting information
Flat Three
Kitchen/Lounge/Bedroom (6.0m x 3.0m (19'8" x 9'10"))
Bathroom (1.5m x 1.5m (4'11" x 4'11"))
The property comprises two two-bedroom apartments and one one-bedroom / studio apartment, each with its own fitted kitchen and bathroom.
Current rental details:
Flat 1: Two-bedroom apartment – currently let at £650 pcm
Flat 2: Two-bedroom apartment – currently vacant, with an achievable rent of £700 pcm
Flat 3: One-bedroom / studio apartment – currently let at £650 pcm
When fully let, the property generates a total income of £2,000 per calendar month (£24,000 per annum). There are tenants in situ in Flats 1 and 3, with Flat 2 providing immediate scope for rental uplift or owner occupation.
The property is ideally situated close to Preston city centre, the University of Central Lancashire (UCLan), transport links and local amenities, making it attractive to both professionals and students.
Full tenancy details and rental information are available upon request.
Flat One
Kitchen/Living Room (4.4m x 2.5m (14'5" x 8'2"))
Bedroom One (2.5m x 2.0m (8'2" x 6'6"))
Bedroom Two (2.8m x 1.8m (9'2" x 5'10"))
Flat Two
Awaiting information
Flat Three
Kitchen/Lounge/Bedroom (6.0m x 3.0m (19'8" x 9'10"))
Bathroom (1.5m x 1.5m (4'11" x 4'11"))
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Monthly repayment
£1,350 per month
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