# 1 bedroom flat for rent (PR1 3NR)

## Property Details

| Key | Value |
|-----|-------|
| Address | 24 Cannon Street, Preston ,, PR1 3NR |
| Price | £730 pcm |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £98,000 |

## Description

Welcome to 24 Cannon Street, an exclusive development of just 14 modern apartments, ideally positioned in the heart of Preston city centre. This beautifully presented one-bedroom fully furnished apartment combines modern design with comfort and convenience, making it the perfect home for professionals seeking stylish city living.

The apartment features a bright and spacious open-plan living and dining area, designed with a focus on modern urban living. Large windows fill the space with natural light, highlighting the quality furnishings and contemporary décor. The layout allows for a comfortable seating area and dining space, creating an inviting environment to relax or entertain.

The kitchen is fully fitted with high-quality appliances, including a washing machine, and finished with sleek cabinetry and ample worktop space. Whether preparing a quick meal or cooking for guests, the kitchen combines practicality with elegant design.

The bedroom is furnished to a high standard, offering a peaceful and private retreat. It includes fitted blinds for privacy and light control, and stylish furnishings that complement the apartment?s modern aesthetic.

The bathroom is finished to an excellent standard, featuring a contemporary suite, tiled walls, and chrome fittings, providing a fresh and relaxing space to start or end the day.

Residents at 24 Cannon Street benefit from secure access to the building, ensuring peace of mind and privacy. The development?s central location places everything you need right on your doorstep ? including shops, cafés, restaurants, and excellent transport links, all within easy walking distance.

This apartment is ideal for those who want a ready-to-move-in home that blends style, convenience, and city-centre living.

Contact HG Premier Lettings today to arrange a viewing and secure your new home at 24 Cannon Street, Preston.

## Property Photos

- ![1](/listings/photos/170141075/224247) - 1
- ![6](/listings/photos/170141075/224250) - 6
- ![3](/listings/photos/170141075/224254) - 3
- ![2](/listings/photos/170141075/224256) - 2
- ![4](/listings/photos/170141075/224259) - 4
- ![5](/listings/photos/170141075/224262) - 5

## EPC Graphs

- ![Energy Efficiency](/listings/photos/170141075/224266) - Energy Efficiency
- ![Environment Impact](/listings/photos/170141075/224269) - Environment Impact

## Rental Range

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

- **Low:** £702/mo
- **Realistic:** £780/mo
- **Optimistic:** £858/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 |
|------|------|------|------|------|
| 1 Bed Terraced House, Stanley Place, PR1 | £875/mo | 1 | 0.43 miles | OpenRent |

**Average rent: £875/mo (1 listing)**

## Rent-driven metrics

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

- **Gross yield:** 1438.4%
- **Monthly cashflow:** £760/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4305.9%

*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)