Charles House, Winckley Square, Preston, PR1: One-Bed Apartment
Preston · PR1
Overview
A tenanted one-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 £800 per calendar month, a passing rent of £9,600 per annum and a gross yield of around 8.35% at the £115,000 asking price. Long leasehold, EPC band C.
Investment highlights
- Tenanted one-bed apartment, passing rent of £9,600 per annum (~8.35% gross)
- Winckley Square address, a Georgian square in central Preston
- 2021-completed conversion, modern specification, EPC band C
- Long leasehold; an accessible city-centre income unit
Location & demand
Charles House fronts Winckley Square directly — the landmark office-to-residential conversion completed in 2021, modern behind a period frontage on Winckley Square. The square is the Georgian centrepiece of central Preston, and an address at this end of the market rarely comes with an entry price this accessible.
The apartment is let at £800 per calendar month, which puts £9,600 a year of passing income in place — a gross yield of around 8.35% at the £115,000 asking price. A sitting tenant, a long leasehold title and an EPC band C rating keep this a straightforward, accessible city-centre unit to hold for income.
The numbers
| Asking price | £115,000 |
| Passing rent | £800 pcm |
| Gross rent pa | £9,600 |
| Gross yield | ~8.35% |
| Tenure | Long leasehold |
| Unit | One-bed apartment, tenanted |
| EPC | Band C |
