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1 bed flat for sale

£74,800

Guildhall Square, 58-60 Guild Hall Street, Preston, 3Nu, Preston PR1

1 1

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Property features

  • • Prices from £70,000
  • • 35 One Bedroom Luxury Apartments
  • • Train Station – 8 Min Walk
  • • Shopping District – 6 Min Walk
  • • High Quality Stylish Design
  • • Ideal for Young Professionals

Property description

Luxurious Preston City Centre Apartments in Desirable Area

For Investment Purposes Only – No Help to Buy Scheme Available

Guildhall Square is a fantastic opportunity to invest in one of the uk’s highest growth cities, Preston. A former commercial property, this residential development offers 35 luxury one bedroom apartments – designed to meet the needs of the growing rental market in this up and coming city.

Each apartment features a spacious combined kitchen and living area with premium finishes; designed with the young professional market in mind.

The development is located just off Winckley Square, a picturesque public park surrounded by Georgian buildings. The central location connects the property with Preston’s travel infrastructure and city centre amenities.

Investment Overview

• 8% Net Rental Return
• Prices from £70,000
• High Demand Area
• Located on the West Coast Main Line
• Strong Capital Growth

Why Invest in Preston?

Preston is experiencing significant growth. In 2016, there were 5,005 enterprises in Preston – an increase of nearly 18% between 2013 and 2016. £430m of inward investment has been agreed to create 20,000 new jobs across the city. Along with the £50 million Market Quarter scheme to restore the 1875 Covered Market.

Number 1 in the UK for aerospace, the city is home to the uk’s largest concentration of aerospace employment and 4th largest aerospace cluster in the world.
Now, several key economic developments in Preston have triggered an increase in demand for central, high quality accommodation for young professionals – for which the apartments at Guildhall Square are perfectly suited.

For More Information Call Us Today or Register Below for an Info Pack


Floorplan(s): Floorplan 1

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Market activity
Average price paid £137,007 Sales 642 Current average value £129,715 (Zoopla Zed-Index) Value change -£2,965 ▼ -2.23%

Property value data/graphs for PR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £249,332 £195 3.6 £260,543
Semi-detached £153,467 £172 3.0 £159,401
Terraced £91,510 £123 2.8 £90,222
Flats £97,763 £161 1.9 £74,957

Current asking prices in PR1

Average: £126,890
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £96,738
(4)
£101,856
(168)
£137,938
(233)
£281,585
(43)
£260,975
(11)
Flats £77,523
(94)
£105,203
(73)
£224,990
(5)
- -
All £78,308
(98)
£102,870
(241)
£139,767
(238)
£281,585
(43)
£260,975
(11)

Current asking rents in PR1

Average: £913 pcm
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £384 pcm
(37)
£616 pcm
(48)
£759 pcm
(74)
£1,165 pcm
(72)
£1,665 pcm
(40)
Flats £479 pcm
(205)
£670 pcm
(110)
£1,016 pcm
(33)
£1,334 pcm
(29)
£1,931 pcm
(29)
All £464 pcm
(242)
£654 pcm
(158)
£838 pcm
(107)
£1,213 pcm
(101)
£1,777 pcm
(69)

Fun facts for PR1

Highest value in PR1
Highest value streets Zed-Index
Hill Road £525,889
Hollinhurst Avenue £455,890
Castle Walk £422,952
Round Wood £386,368
Penwortham Court £334,673
Highest turnover in PR1
Highest turnover streets Turnover
Condor Way 62.5%
Linton Grove 56.2%
The Spinney 54.5%
Crownlee 52.4%
Prospect Place 50.0%

What Zoopla users think of Preston

Overall rating:

  • currently 3.5 stars
Good - 74% (97 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 3.5 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Preston:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Preston (Lancs) (0.3 miles)
  • Lostock Hall (2.4 miles)
  • Bamber Bridge (2.6 miles)
  • Blackpool International Airport (13.5 miles)
  • Liverpool John Lennon Airport (29.9 miles)
  • Manchester International Airport (32.9 miles)
  • Knott End-On-Sea Ferry Landing (16.9 miles)
  • Fleetwood for Knott End Ferry Landing (17.2 miles)
  • Heysham Ferry Terminal (21.0 miles)

Nearby schools

View all schools in Preston
  • St Augustine's Catholic Primary School (0.4 miles)
  • Frenchwood Community Primary School (0.5 miles)
  • St Ignatius' Catholic Primary School (0.5 miles)
  • Youth Challenge Pru (14.8 miles)
  • The Young Mums Unit (16.9 miles)
  • Thomas Whitham Sixth Form (19.2 miles)
  • Eden Boys' School, Preston (0.6 miles)
  • Christ The King Catholic High School (0.7 miles)
  • Preston Muslim Girls High School (0.9 miles)
Note: Distances are straight line measurements

Local info for Preston

About the neighbours in PR1

AskMe Q&A for Preston

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For more information about this property, please contact
RW Invest Liverpool, L1 on +44 151 382 7657 * (local rate)

Monthly running costs Beta

£473 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,480
Repayment term 25
Interest rate 1.5
Your payment £269 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £750,000 Contents value up to £75,000 Average insurance cost £13/mo (£154/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £20 Electricity £26 Estimated energy cost £46/mo

Similar properties could save up to £166

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5700 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Preston

Estimated tax band A Council tax cost £117 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £13 Sewerage £15 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by RW Invest Liverpool, and do not constitute property particulars. Please contact RW Invest Liverpool for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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