Winckley House

17 Winckley House, 16 Cross Street, Preston, Lancashire, PR1 3AJ

FOR SALE – £70,000.00
Stylish 1-Bedroom Apartment

A Smart Investment or First-Time Buy in the Heart of Preston

Situated in the well-maintained Winckley House development, this modern 1-bedroom apartment offers an excellent opportunity for investors and first-time buyers. Located in the heart of Preston city centre, the property enjoys a prime location just moments from Winckley Square, shops, restaurants, and excellent transport links.

Property Features

• Open-plan Living Space—This bright and versatile layout combines kitchen, dining, and lounge areas, perfect for modern city living.
• Fitted Kitchen – Contemporary units with integrated appliances and ample storage.
• Double Bedroom – A peaceful retreat with space for a wardrobe and additional furnishings.
• Modern Bathroom – Stylish three-piece suite with neutral tiling and clean finish.
• EPC Rating: C – Energy efficient and low maintenance.
• Lease: 142 Years Remaining – Long lease providing security and peace of mind.
• Tenure: Leasehold
• Ground Rent – £350.00 per annum
• Service charge – £1,426.49 per annum (1^st Dec 2024 – 30^th Nov 2025)

Investment Potential

Currently vacant, the apartment is ready for immediate occupancy or rental. With an anticipated rental income of approximately £725 PCM, this represents an attractive gross yield of over 12%, making it a compelling buy-to-let investment. Once ground rents and service charges are deducted, the net yield is 10%.

Location Highlights

• Minutes from Preston Train Station
• Short walk to UCLan and city centre offices
• Easy access to motorway links (M6, M65, M61)
• Close to Avenham Park and Winckley Square gardens