# 1 bedroom flat for rent (PR1 3NR)

## Property Details

| Key | Value |
|-----|-------|
| Address | Cannon Street, Preston, Lancashire, PR1, PR1 3NR |
| Price | £800 pcm |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £98,000 |

## Description

*Council Tax Band : A*

epc rated:  C

Deposit required:£923.07

affordability: £24,750

Qube are delighted to bring to the market this stunning one-bedroom apartment in the recently renovated Cannon Street apartments. 

Comprising of a spacious double bedroom, sleek tiled bathroom and an open plan living and fitted kitchen area leading to a balcony. Within walking distance of the Town centre and fantastic transport links - this is the perfect location! Call to book your viewing today.

## Property Photos

- ![Picture No. 11](/listings/photos/88638234/1352495) - Picture No. 11
- ![Picture No. 12](/listings/photos/88638234/1352499) - Picture No. 12
- ![Picture No. 08](/listings/photos/88638234/1352504) - Picture No. 08
- ![Picture No. 09](/listings/photos/88638234/1352509) - Picture No. 09

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/88638234/1352512) - EPC Rating Graph
- ![EPC Rating Graph](/listings/photos/88638234/1352514) - EPC Rating Graph

## Rental Range

*ONS Price Index of Private Rents (Preston). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £704/mo
- **Realistic:** £782/mo
- **Optimistic:** £860/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Central Lancs (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £449/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| [Flat 9 - 58-60 Guildhall Street, Preston](http://87.117.209.195:8080/listings/251c361) | £750/mo | 1 | 0.05 miles | Rightmove |
| [Bishopgate Gardens , Bishopgate , Preston](http://87.117.209.195:8080/listings/96b0b16) | £920/mo | 1 | 0.34 miles | Rightmove |
| 1 Bed Terraced House, Stanley Place, PR1 | £875/mo | 1 | 0.43 miles | OpenRent |

**Average rent: £848/mo (3 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £875/mo).*

- **Gross yield:** 1312.5%
- **Monthly cashflow:** £759/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 3927.7%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)