Wellington Street, Preston, PR1 8TQ

Listed 26 Sept 2025 · price reduced 26 Oct 2026 · Preston
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") -
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Median sold prices in PR1 over the last 12 months: semi-detached £210k · terraced £125k · detached £325k · flat £105k.
| Address | Type | Sold | Price |
|---|---|---|---|
| 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
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.
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.


