- Well-positioned two-bedroom apartment +
- Prime Preston Setting +
- Secure communal entrance +
- Strong demand from professional tenants +
- Long lease: 242 years remaining +
Charles House, Winkley Square, Preston, PR1 3AW
Asking Price: £145,000 | 2 Bedrooms | £895 PCM | Long Lease
A well-positioned two-bedroom apartment within Charles House, located on the sought-after Winkley Square in the heart of Preston. Currently let at £895pcm (£10,740pa), this is a strong city-centre investment with proven rental demand in the building, where similar units achieve up to £950pcm.
Investment Highlights
Purchase price: £145,000
Current rent: £895pcm (£10,740 per annum)
Comparable rents in building: £950pcm
Net yield: 6.0%
Service charge: £1,869.44 per annum
Ground rent: £156 per annum
Long lease: 242 years remaining
Prime city centre location
Strong demand from professional tenants
Ideal for first-time or portfolio investors
Property Overview
Secure communal entrance
Entrance hallway
Spacious open-plan living/dining area
Modern fitted kitchen
Two well-proportioned bedrooms
Bathroom suite
The property is well suited to professionals, sharers and couples seeking central living, ensuring consistent rental appeal.
Location - Prime Preston Setting
Winkley Square is one of Preston's most desirable residential addresses, offering attractive Georgian surroundings and green space while being moments from the city centre.
The property benefits from:
Walking distance to Preston railway station (direct services to Manchester & London)
Close proximity to the University of Central Lancashire, supporting ongoing tenant demand
Immediate access to shops, restaurants and amenities
Excellent motorway links via the M6 motorway, M61 motorway and M55 motorway
Investment Summary
A high-yielding, city-centre two-bedroom apartment with a long 242-year lease, established rental performance at £895 PCM, and clear evidence of continued rental demand within the building. Delivering approximately 6% net yield, this represents a low-maintenance and income-generating addition to any buy-to-let portfolio.
EPC D60
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.