16 Cross Street, Preston, PR1 3AJ
Listed 24 Aug 2023 · price reduced 3 Mar 2026 · Preston
How the price compares
Key features
- Chain Free
- Ideal Investment Opportunity
- Shops And Amenities Nearby
- Close To Public Transport
- City Centre Location
- Apartment
- 1 Bedroom
- 1 Reception Room
- Fitted Kitchen
- Prime Investment Opportunity
About this home
ATTENTION INVESTORS!!! This apartment in the heart of Preston City Centre is a brilliant buy to let investment. There is currently a tenant in situ paying £725 per calendar month. The location is superb as there are plenty of shops, bars, cafes and restaurants on the doorstep and Preston railway station is a short walk away.
Internally there is an entrance hallway, lounge / kitchen, bedroom and a bathroom. The lounge / kitchen is spacious and has plenty of natural light flooding in making it light and welcoming. The bedroom is a very good size and the bathroom is larger than average.
Being in the heart of Preston City Centre means that there are shops, bars, cafes and restaurants on the doorstep of this lovely apartment. Preston railway station and UCLan are a short walk away.
There is a tenant in situ and we have been informed that they are currently paying £675 per calendar month producing a yield of 11.5%
This is a leasehold property.
Length of lease - 150 years commencing in 2018
Ground rent - £418 per annum
Service charge - £1300 per annum
Council tax band - A
EPC rating - B
Please contact Kingswood.
Fulwood Office:
77 Watling Street Road, Fulwood, Preston, PR2 8EA
Disclaimer:
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Entrance hallway - 2.25 x 1.29 m (7′5″ x 4′3″ ft) Entrance door, ceiling light point, storage cupboard, door leading to the lounge / kitchen, door leading to the bedroom and a door leading to the bathroom.
Lounge / Kitchen - 5.64 x 3.38 m (18′6″ x 11′1″ ft) Ceiling spotlights, double glazed window, wall and base units with contrasting work surfaces, electric hob, oven, built-in fridge / freezer, built-in washing machine, sink and drainer and a wall mounted electric heater.
Bedroom - 4.05 x 3.28 m (13′3″ x 10′9″ ft) Ceiling light point, double glazed window and a wall mounted electric heater.
Bathroom - 2.63 x 2.28 m (8′8″ x 7′6″ ft) Ceiling spotlights, bath with shower over, low level WC, hand wash basin and a heated towel rail.
Disclaimer These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Property details
- Property type
- Apartment
Floorplan
Location
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1 on this map
- Preston Station0.3 mi
- Lostock Hall Station2.3 mi
- Bamber Bridge Station2.6 mi
What nearby homes sold for
Median sold prices in PR1 over the last 12 months: semi-detached £210k · terraced £125k · detached £325k · flat £105k.
| Address | Type | Sold | Price |
|---|---|---|---|
| 66 Winckley House, 16, Cross Street Preston PR1 3AJ | Flat Leasehold | 24 Apr 2026 | £72,500 |
| 11 Winckley House, 16, Cross Street Preston PR1 3AJ | Flat Leasehold | 26 Nov 2025 | £65,000 |
| 7 Guild House, 17, Cross Street Preston PR1 3AN | Flat Leasehold | 22 Aug 2025 | £57,000 |
| 7 Guild House, 17, Cross Street Preston PR1 3AN | Flat Leasehold | 18 Jun 2025 | £39,950 |
| 42 Guild House, 17, Cross Street Preston PR1 3AN | Flat Leasehold | 4 Mar 2025 | £135,000 |
| 6 Cross Street Preston PR1 3LT | Terraced Leasehold | 30 Oct 2024 | £125,000 |
| 7 Cross Street Preston PR1 3LT | Flat Leasehold | 6 Sept 2024 | £107,500 |
| 7a, Cross Street Preston PR1 3LT | Flat Leasehold | 6 Sept 2024 | £107,500 |
| 46 Guild House, 17, Cross Street Preston PR1 3AN | Flat Leasehold | 9 Jan 2024 | £175,000 |
Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in PR1
Buying costs
Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.
Listed by Kingswood, Fulwood on Rightmove (original listing). First listed 24 Aug 2023; details checked 7 Nov 2026. Latest change: reduced on 03/03/2026.
Agent disclaimer
Disclaimer - Property reference 7636. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kingswood, Fulwood. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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