Flat,  Cross Street, Preston 1 bed apartment for sale

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Flat, Cross Street, Preston 1 bed apartment for sale

Flat , Cross Street, Preston
£100,000

Our Summary

  • 8% Yield (Up to 12% Potential)Apartment 33, Winckley House, 5 Cross Street, Preston, PR1 3LTKey Features:* Fully furnished, modern one-bedroom apartment* Excellent investment opportunity - tenanted with a current 5
  • * Located on the second floor of a completed development* Just 5 minutes from Preston Train Station and city centre amenitiesProperty Description:An ideal opportunity for investors seeking strong, immediate returns, this stylish second-floor apartment is located in the highly regarded Winckley House development in the heart of Preston

Description

This stylish one-bedroom apartment in the heart of Preston is an excellent investment opportunity, offering a current 5.8% yield and potential NET yields of up to 12% through short-term lets. Located on the second floor of the Winckley House development, the apartment is fully furnished and benefits from a modern, open-plan layout with a large lounge/dining area, one double bedroom, and a contemporary bathroom suite. With a sought-after location overlooking historic Winckley Square, the property is just a 5-minute walk from Preston Train Station and city centre amenities. The leasehold property has 150 years remaining and a ground rent of £457 per year, with a service charge of £1,644 per year. With short-term let permissions in place, savvy investors can increase their returns by up to 12%, making this an attractive package for those looking to expand their portfolio or secure a modern base in central Preston.