5 bed flat for sale

James Street, Preston PR1

An excellent investment opportunity to acquire a block of three self-contained apartments located on James Street, Preston, offering strong rental potential in a popular central location.

The property comprises two two-bedroom apartments and one one-bedroom / studio apartment, each with its own fitted kitchen and bathroom.

Current rental details:

Flat 1: Two-bedroom apartment – currently let at £650 pcm

Flat 2: Two-bedroom apartment – currently vacant, with an achievable rent of £700 pcm

Flat 3: One-bedroom / studio apartment – currently let at £650 pcm

When fully let, the property generates a total income of £2,000 per calendar month (£24,000 per annum). There are tenants in situ in Flats 1 and 3, with Flat 2 providing immediate scope for rental uplift or owner occupation.

The property is ideally situated close to Preston city centre, the University of Central Lancashire (UCLan), transport links and local amenities, making it attractive to both professionals and students.

Full tenancy details and rental information are available upon request.

Flat One

Kitchen/Living Room (4.4m x 2.5m (14'5" x 8'2"))

Bedroom One (2.5m x 2.0m (8'2" x 6'6"))

Bedroom Two (2.8m x 1.8m (9'2" x 5'10"))

Flat Two

Awaiting information

Flat Three

Kitchen/Lounge/Bedroom (6.0m x 3.0m (19'8" x 9'10"))

Bathroom (1.5m x 1.5m (4'11" x 4'11"))