1/8
£75,000
1 bed · 1 bath · approx. 398 sq ft
Station Terrace, 8-10 Waltons Parade, Preston, Lancashire, PR1 8QT
0.11 miles
away
Added on 01/09/2026 Kingswood Properties
1/4
1/4
£525,000
Offers Over 9 bed flat for sale West Cliff, Preston, PR1 8HX
9
beds 5
baths Block of Flats
Tenure: ask agent
Added today
About this property
Welcome to West Cliff — a rare opportunity to acquire a fully tenanted, freehold block of five apartments in a prime Preston city centre location. Situated immediately next to Preston Train Station, this well-maintained building benefits from exceptional demand from commuters, local professionals and long-term tenants. The block consists of four spacious two-bedroom apartments and one well-proportioned one-bedroom apartment, all of which have been professionally managed and regularly maintained.
Key features
- Fully tenanted
- Freehold block of 5 self-contained flats
- 4× two-bed + 1× one-bed apartments
- Current yield: 7.3%
- Potential yield: approx. 8.42%
- City centre location next to Preston Train Station
- Professionally maintained & fully compliant
- Strong, consistent rental demand
- Ideal hands-off investment opportunity
- QUOTE REF SC1283
Location
West Cliff, Preston, PR1 8HX
- Council tax
- Band D (Approx £2,443/year)The agent has not stated the band, so band D is shown as the local reference: South Ribble's 2026/27 area average, including the typical parish precept. The actual band and any discounts change the bill.
Mortgage and stamp duty
Property price £525,000
£262k £788k
Deposit10% £53,000
£0 £525k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £472,000 mortgage. Most lenders would want a household income of about £105,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Historic sold prices nearby
HM Land Registry sales in PR1 8HX. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| 31, West Cliff Semi-detached | Semi-detached | Oct 2024 | 710 sq ft £528/sq ft | 710 sq ft | £528 | £375,000 |
| 61, West Cliff Terraced | Terraced | Aug 2019 | 1,259 sq ft £131/sq ft | 1,259 sq ft | £131 | £165,000 |
| 71, West Cliff Terraced | Terraced | Apr 2018 | 1,453 sq ft £95/sq ft | 1,453 sq ft | £95 | £138,000 |
| 51, West Cliff Terraced | Terraced | Sept 2017 | 3,003 sq ft £87/sq ft | 3,003 sq ft | £87 | £260,000 |
| 29, West Cliff Terraced | Terraced | Aug 2015 | 2,368 sq ft £72/sq ft | 2,368 sq ft | £72 | £170,000 |
| 63, West Cliff Terraced | Terraced | Aug 2013 | 1,238 sq ft £133/sq ft | 1,238 sq ft | £133 | £165,000 |
| 37, West Cliff Detached | Detached | Mar 2011 | 1,658 sq ft £140/sq ft | 1,658 sq ft | £140 | £232,000 |
| 61, West Cliff Terraced | Terraced | Jun 2010 | 1,259 sq ft £131/sq ft | 1,259 sq ft | £131 | £165,000 |
Area insights
The neighbourhood around this property.
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