The Room Apartments, Lawson Street, Preston, PR1
KI

The Room Apartments, Lawson Street, Preston, PR1

By Kingswood

£ 85,000

Reviews

2 out of 5 stars

Kingswood says ..

ATTENTION INVESTORS!!! This spacious one bedroom apartment with a parking space located in Preston city centre with a tenant in situ is a brilliant addition to a property portfolio. With shops, amenities and superb transport links on the doorstep and within walking distance of UCLan, the location...

Property Oracle says ..

This one-bedroom apartment at The Room Apartments, Lawson Street, Preston, presents a compelling opportunity for investors or first-time buyers seeking city-centre living. The location in Preston city centre is a major plus, with its proximity to the University of Central Lancashire (UCLan) making it an attractive rental prospect. Several schools and amenities are within walking distance, catering to a wider range of potential occupants. The nearby train station provides excellent transport links. The exterior of the building, as depicted in the photos, appears to be in good order, although a viewing would be essential to assess the interior condition fully. The lack of private outdoor space is typical for city centre apartments. The price point of £85,000 warrants further investigation of the internal features and overall square footage to determine its value against similar properties in the area. While the provided data suggests a reasonable price, a comprehensive inspection would be needed to confirm the property’s condition and its overall worth. Information on parking would also be important in considering the overall appeal of the property. Finally, while average prices per square foot are not available in the data, a comparable market analysis of nearby properties should be conducted to confirm the listed price’s accuracy and competitiveness.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
7
Location
7
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
538.19

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
322,952.00 £
Decreased by 27.89 %
from 447,880.00 £
Est sale value
185,137.36 £
Decreased by 6.52 %
from 198,053.92 £
Average area rental value
1,604.00 £/mo
Decreased by 7.50 %
from 1,734.00 £/mo
Est letting value
538.19 £/mo
Unchanged by 0.00 %
from 538.19 £/mo
Est rental Yield
5.96 %
Increased by 28.17 %
from 4.65 %
Crime Rate
20.00 %
Unchanged by 0.00 %
from 20.00 %

Agent Activity

  • Kingswood created the listing.

Nearby Schools

NameTypeOfstedDistance
St Ignatius' Catholic Primary SchoolVoluntary Aided SchoolRequires improvement0.61 KM
University Of Central LancashireHigher Education InstitutionsGood0.62 KM
Imam Muhammad Zakariya SchoolOther Independent SchoolGood0.70 KM
English Martyrs Catholic Primary School, PrestonVoluntary Aided SchoolGood0.79 KM
Stoneygate Nursery SchoolLocal Authority Nursery SchoolGood0.80 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Union Street £ 000.00 KM
Elizabeth Street £ 75,00000.00 KM
Chew's Yard £ 000.00 KM
Warwick Street £ 180,00000.00 KM
Simpson Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Preston (Lancs)2753PRE0.90 KM
Lostock Hall2689LOH4.48 KM
Bamber Bridge2561BMB5.98 KM
Leyland2710LEY7.20 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Room Apartments, Lawson Street, Preston, PR1 £ 85,000BUY5 / 100.00 KM
Room Apartments, Lawson Street, Preston, Lancashire, PR1 £ 89,950BUYUnknown0.01 KM
Lumen Court, Preston £ 105,000BUY6 / 100.08 KM
Lumen Court, Preston, Lancashire, PR1 £ 95,000BUYUnknown0.11 KM
Light Buildings, Lumen Court, Preston, Lancashire, PR1 £ 100,000BUYUnknown0.11 KM

Nearby Properties

AddressPriceDistance
119a Walker Street £ 79,5000.13 KM
131a Walker Street £ 52,5000.13 KM
28 Crown Street £ 55,0000.26 KM
36 Crown Street £ 45,0000.26 KM
40 Crown Street £ 69,9500.26 KM