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Leasehold

Offers over

£50,000

(£194/sq. ft)

1 bed flat for sale

Barley Field, Preston PR5
1 bed
1 bath
1 reception
258 sq. ft
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Offers over

£50,000

(£194/sq. ft)

1 bed flat for sale
Barley Field, Preston PR5

    • 1 bed

    • 1 bath

    • 1 reception

    • 258 sq. ft

  • EPC Rating: D

Leasehold

About this property

  • Buy-to-Let Opportunity

  • Studio Flat

  • Driveway

  • Rear Garden Space

  • Modern and Good Condition

  • Investment potential detailed below (Let Property Pack)

This is a studio flat in Preston. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio!

The well-kept home features a lounge/bedroom, three-piece bathroom, kitchen and driveway.

Investment Details

It currently produces an annual gross income of £5,400 which could be increased by the new owner to a market rate of £7,500 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property and consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

More information

  • Tenure

    Leasehold (76 years)

  • Service charge

    £516 per year

  • Council tax band

  • Ground rent

    £540

  • Ground rent date of next review

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