Charles House, Winckley Square, Preston, PR1: Two-Bed Apartment
Preston · PR1
Overview
A tenanted two-bedroom apartment in Charles House, the landmark office-to-residential conversion on Winckley Square in Preston city centre (PR1), completed in 2021. The apartment is let at £895 per calendar month, a passing rent of £10,740 per annum and a gross yield of around 7.96% at the £135,000 asking price. Long leasehold, EPC band C.
Investment highlights
- Tenanted two-bed apartment, passing rent of £10,740 per annum (~7.96% gross)
- Winckley Square address, a Georgian square in central Preston
- 2021-completed conversion, modern specification, EPC band C
- Long leasehold; a straightforward city-centre income unit
Location & demand
Winckley Square is a Georgian square in central Preston and the heart of its professional quarter, an address that carries weight locally. Charles House sits on the square itself, an office-to-residential conversion completed in 2021, so the building is modern behind a landmark address in the middle of the city centre.
City-centre living here suits tenants who want Preston on the doorstep. A sitting tenancy at £895 per calendar month gives a passing rent of £10,740 a year and a gross yield of around 7.96% at the £135,000 asking price. Long leasehold with an EPC band C rating and a modern specification, it is a straightforward income unit at Preston’s best-known address.
The numbers
| Asking price | £135,000 |
| Gross rent pa | £10,740 (£895 pcm) |
| Gross yield | ~7.96% |
| Tenure | Long leasehold |
| Unit | Two-bed apartment, tenanted |
| EPC | Band C |
