# 1 bedroom flat for rent (PR1 3NR)

## Property Details

| Key | Value |
|-----|-------|
| Address | 24 Cannon Street, Preston, Lancashire, PR1, PR1 3NR |
| Price | £775 pcm |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Last sold | £98,000 |

## Description

Qube are delighted to bring to the market this stunning one-bedroom apartment in the newly 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.

*Council Tax Band : A*

DEPOSIT: £894.23 

AFFORDABILITY: £23,250

## Property Photos

- ![Picture No. 11](/listings/photos/169592768/224241) - Picture No. 11
- ![Picture No. 08](/listings/photos/169592768/224242) - Picture No. 08
- ![Picture No. 09](/listings/photos/169592768/224243) - Picture No. 09
- ![Picture No. 10](/listings/photos/169592768/224244) - Picture No. 10
- ![Picture No. 07](/listings/photos/169592768/224245) - Picture No. 07

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/169592768/224246) - EPC Rating Graph

## 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:** 1354.8%
- **Monthly cashflow:** £759/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4054.9%

*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)