# 1 bedroom flat for rent (PR1 3NR)

## Property Details

| Key | Value |
|-----|-------|
| Address | Cannon Street, Preston,, PR1 3NR |
| Price | £595 pcm |
| Bedrooms | 1 |
| Last sold | £98,000 |

## Description

***LUXURY FURNISHED APARTMENT******

This 1 bed apartment offers stunning ultra modern living. The new development is located in the heart of Preston just minutes away from the main shopping area, restaurants and train station., 

Comprising of spacious lounge with modern kitchen diner, 1 bedroom & bathroom.The neutral decor will compliment any furnishings.

EARLY VIEWING HIGHLY RECOMMENDED!

## Property Photos

- ![P1010039](/listings/photos/105836729/224249) - P1010039
- ![P1010004](/listings/photos/105836729/224251) - P1010004
- ![P1010010](/listings/photos/105836729/224252) - P1010010
- ![P1010019](/listings/photos/105836729/224255) - P1010019
- ![P1010017](/listings/photos/105836729/224258) - P1010017
- ![P1010023](/listings/photos/105836729/224261) - P1010023
- ![P1010030](/listings/photos/105836729/224265) - P1010030

## EPC Graphs

- ![Environment Impact](/listings/photos/105836729/224268) - Environment Impact
- ![Energy Efficiency](/listings/photos/105836729/224270) - Energy Efficiency

## 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 |
|------|------|------|------|------|
| [Bishopgate Gardens, Bishopgate, Preston](http://87.117.209.195:8080/listings/8f245c4) | £845/mo | 1 | 0.34 miles | Rightmove |
| [Bishopgate Gardens , Bishopgate , Preston](http://87.117.209.195:8080/listings/df3252e) | £925/mo | 1 | 0.34 miles | Rightmove |
| 1 Bed Terraced House, Stanley Place, PR1 | £875/mo | 1 | 0.43 miles | OpenRent |

**Average rent: £882/mo (3 listings)**

## Rent-driven metrics

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

- **Gross yield:** 1764.7%
- **Monthly cashflow:** £760/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 5286.5%

*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)