1 bed Flat For Sale £55,000
St. Thomas Road, Preston PR1
previous price £59,950

This bright and spacious student apartment is located in The Box - a purpose renovated development in the centre of Preston. Residents of The Box benefit from facilities such as fully fitted shared kitchen and bathroom areas, bicycle storage, a laundry room and on-site maintenance as well as the luxury of a communal lounge with TV and having a gym and entertainment complex nearby. The Box is also only a 3 minute walk away from the University of Central Lancashire (uclan) which ensures that accommodation such as this is always in demand!

Uclan is the uk's 8th largest university and with it's £200m campus transformation underway, it's popularity is only going to grow! There is currently an accommodation shortage for students in Preston with 32,000+ students fighting for places in 5,540 purpose built units, meaning that 83% of Preston's students are forced to source less preferable accommodation in the private sector ().

With The Box's 3 year rental assurance in place and the demand that comes with being one of the few purpose built student accommodations in Preston, this is not an opportunity to be missed!

Financial Breakdown

Gross rent: £7,500
Ground rent: £250
Service charge: £1,769
Lettings fees: £720
Net income: £4,761
Gross yield: 12.51%
Net yield: 7.94%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-15996