1 bed flat for sale

Cross Street, Preston PR1

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £70,000.

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

With both Airbnb appeal and btl tenant demand from both professionals and students, this is a rare blend of heritage location and low-maintenance modern returns.

Just round the corner from Preston’s most sought after square, this smart one-bedroom apartment gives investors the edge - combining a heritage location curb appeal with modern efficiency, just two minutes from the station.

You get all the Georgian charm outside - with none of the Georgian draughty sash windows or need for constant upkeep inside.

Professionals love the walk-to-everything lifestyle. Students settle here after graduating. And Airbnb guests book for the Winckley Square picture postcard views and come back for the clean, modern finish and city-centre convenience.

Inside, you’ll find a bright, open-plan living space with a modern fitted kitchen, a double bedroom and a clean, tiled three-piece bathroom with a shower over the bath.

There’s laminate flooring through the living space, cosy carpet in the bedroom and a separate storage cupboard off the hallway to keep things clutter-free.

Built in 2019 as part of a high-quality office conversion, the apartment still feels fresh and ready to let. And with a long lease already in place, it's a low-hassle option for investors who want simplicity and strong returns from the start.

With demand from both short-stay guests and long-term tenants far outstripping local supply, this is a smart investment that works from day one.

Whether you're letting to city workers, students or weekend visitors, this flat gives you a prime postcode that quietly delivers reliable returns.

You can expect to receive around £700pcm renting it out on a long term AST or upto £700 per week as a short term let.

A prime Winckley Square location paired with a modern, low-upkeep apartment - perfect for investors seeking flexible income from both long-term lets and high-yield short stays."

* Auctioneers Additional Comments *

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that aml procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’.

These prices are subject to change.

An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services

Bedroom (3.55 x 3.32m)

Kitchen (6.04 x 3.10m)

Bathroom (2.49 x 1.98m)