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Flat, Cross Street, Preston 1 bed apartment for sale
Flat , Cross Street, Preston
£110,000
Flat , Cross Street, Preston
£110,000
Our Summary
- 2% 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 Preston's city centre offers a prime investment opportunity with a current 5.2% yield and potential NET yields of up to 12% through short-term lets. The fully furnished apartment is located on the second floor of the completed Winckley House development, overlooking historic Winckley Square. With a leasehold of 150 years from 2019, the apartment is tenanted and generating £700 per month. The modern, open-plan layout features a large lounge/dining area with integrated kitchen, one double bedroom, and a contemporary bathroom suite. The location is highly sought-after, just a 5-minute walk from Preston Train Station and city centre amenities, as well as Avenham & Miller Parks. With a ground rent of £457 per year and a service charge of £1,644 per year, this apartment offers a strong return on investment and a great lifestyle.