No longer on the market
This property is no longer on the market
MapFlat
Auction
Flat
Key information
Features and description
- PHILLIP ARNOLD AUCTIONS ARE PLEASED TO OFFER FOR SALE BY PUBLIC AUCTION ON : Thursday, 10 April 2025
- Lot number : 13
- Student letting investment in prime location
- Residential Investment
- Leasehold
- *guide price : £20,000
This top floor ensuite student room forms part of a student accommodation complex off Fylde Road within walking distance of the University of Lancashire. The area is to the North West of the centre of Preston with its shopping facilities and main line rail services. We understand the flat has a spacious room with a communal kitchen and lounge area. This apartment can only be rented to a student and we understand is currently achieving £92 per week when occupied. The seller informs us that the unit is currently held within a pool letting arrangement (so benefits from income when not let but quid pro quo has to share income with other unlet units in the reverse situation). However at present we are advised that it is let until 11th July 2025. Any buyer would be able to choose whether to continue in the pool or to let separately. This lot will be of interest to investment buyers.
ACCOMMODATION
Student Room with Ensuite
TENURE
Leasehold. 250 years from 21st September 2016, thus approximately 242 years unexpired.
Ground Rent £582.48 pa
LOCAL AUTHORITY & TAX RATING
Preston City Council
Council Tax Band A
EPC Band C
VIEWING TIMES
By appointment through the Auctioneers
Price Information
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
ACCOMMODATION
Student Room with Ensuite
TENURE
Leasehold. 250 years from 21st September 2016, thus approximately 242 years unexpired.
Ground Rent £582.48 pa
LOCAL AUTHORITY & TAX RATING
Preston City Council
Council Tax Band A
EPC Band C
VIEWING TIMES
By appointment through the Auctioneers
Price Information
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
About this agent
Welcome to Phillip Arnold Auctions Phillip Arnold Auctions is an established public auction house based in Ealing W5 offering a professional yet friendly auction service for the disposal of residential and commercial properties. We also have a Chartered Surveyors Division offering RICS valuations for probate or other purposes. We formally started as an auction house in 2007 under the name of Brendons Auctioneers Ltd, with our first ever auction taking place at the New Connaught Rooms in Holborn. Spearheaded by our very own Auctioneer, Phillip Arnold, who has over 30 years' experience in the property industry, we have established ourselves as a top 10 London auction house in a very short space of time (The Telegraph) and are listed just outside the top 20 nationally (EIG). We take pride in delivering good customer service and strive to meet those standards today in every aspect of our business. We believe in providing individual clients with a more personal touch whilst offering corporate clients a professional and affordable solution to the disposal of their stock. As we are based in W5, our service offer tends to focus predominately on the West London area and its surroundings although we are successful in selling properties throughout the UK. Feel free to take a look through our results on this website under the Auction Results tab. You can also obtain more information for buying and selling at auction from one of our bespoke guides. If you would prefer to speak to someone then please do not hesitate to contact us