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For saleReduced 26 Oct 2026
£250,000Offers over

James Street, Preston, PR1 4JX

5bedrooms
3bathrooms
Apartmenttype
Freeholdtenure

Listed 26 Sept 2025 · price reduced 26 Oct 2026 · Preston

How the price compares

This home£250,000
Median 5 bed in PR1£295k6 homes listed
Difference-15%below the area median

Key features

  • Fully self-contained apartments with separate entrances
  • Fitted kitchens and bathrooms
  • Low-maintenance investment
  • Tenure: Freehold
  • On Street Parking
  • EPC Rating: D,E,C
  • Council Tax Band: A

About this home

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.

**When an offer is accepted, all buyers will be required to complete a anti-money laundering and ID check. Our partner, Thirdfort, will carry out the initial checks on our behalf. The individual cost is £75 inclusive of VAT and will be charged before a memorandum of sale can be issued.**

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") -

Property details

Property type
Apartment
Council tax band
A
Tenure
Freehold

Floorplan

Flat 3, 60b, James Street Preston, PR1 4JX - all fFlat 2 James St - all floors.JPG

Location

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1 on this map

  • Preston Station1.0 mi
  • Lostock Hall Station2.3 mi
  • Bamber Bridge Station2.3 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.

AddressTypeSoldPrice
40 James Street
Preston PR1 4JU
Flat
Leasehold
20 Sept 2024£75,000

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

Monthly repayment£1,251£25,000 deposit · £225,000 loan
Stamp Duty£2,500England rates

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 Guildhall Residential Sales, Preston on Rightmove (original listing). First listed 26 Sept 2025; details checked 7 Nov 2026. Latest change: reduced on 26/10/2026.

Agent disclaimer

Disclaimer - Property reference 34199687. 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 Guildhall Residential Sales, Preston. 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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