House For Sale £270,000
Earn instant income on this excellent HMO investment opportunity! This is a fantastic example of a fully licensed HMO investment property located just 10 minutes walk from UCLan university, sold fully tenanted and in a almost new condition.
This well performing 6 bedroom HMO briefly comprises of 6 fair sized double bedrooms, two washrooms equipped with showers, W.C and basins, garden to rear and fully finished off with high quality furnishings throughout. There is also a communal kitchen/living area with cooking and fridge facilities and options for on street parking to the front of the property.
Wellington Street is positioned in an ideal location with UCLan university just 10 minutes walk away, UCLan is ranked in the top 3.3% of universities in the world (Center for World University Rankings, cwur, 2017) and over 95.5% of graduates are employed or enter further study within six months of graduation (hesa, 2018) so is becoming an increasing popular choice with a-Level applicants.
Preston is growing at an impressive rate - a number of major investments are underway to improve the area and as a result, the city is on the verge of an economic boom. In particular, the Guild Hall has received a £10m investment over the past three years, and the Preston Markets have had a £3m revamp, as well as a high street make over. Increasing employment opportunities also show there is plenty of demand for single room rentals from working professionals, of which the property is currently let to. With the area already named the best city to live and work in the North West in the Good Growth for Cities Index by Demos-PwC it is no surprise why the demand for investment property in this area has increased.
There’s no denying that this bustling, vibrant city is up there with other major players, making it a property hotspot for investors to increase their portfolio of rental properties. This is not an opportunity to be missed.
Financial Breakdown
Gross rent: £24,984
Lettings fees: £2,998
Net income: £18,808
Gross yield: 9.25%
Net yield: 6.97%
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-16946
This well performing 6 bedroom HMO briefly comprises of 6 fair sized double bedrooms, two washrooms equipped with showers, W.C and basins, garden to rear and fully finished off with high quality furnishings throughout. There is also a communal kitchen/living area with cooking and fridge facilities and options for on street parking to the front of the property.
Wellington Street is positioned in an ideal location with UCLan university just 10 minutes walk away, UCLan is ranked in the top 3.3% of universities in the world (Center for World University Rankings, cwur, 2017) and over 95.5% of graduates are employed or enter further study within six months of graduation (hesa, 2018) so is becoming an increasing popular choice with a-Level applicants.
Preston is growing at an impressive rate - a number of major investments are underway to improve the area and as a result, the city is on the verge of an economic boom. In particular, the Guild Hall has received a £10m investment over the past three years, and the Preston Markets have had a £3m revamp, as well as a high street make over. Increasing employment opportunities also show there is plenty of demand for single room rentals from working professionals, of which the property is currently let to. With the area already named the best city to live and work in the North West in the Good Growth for Cities Index by Demos-PwC it is no surprise why the demand for investment property in this area has increased.
There’s no denying that this bustling, vibrant city is up there with other major players, making it a property hotspot for investors to increase their portfolio of rental properties. This is not an opportunity to be missed.
Financial Breakdown
Gross rent: £24,984
Lettings fees: £2,998
Net income: £18,808
Gross yield: 9.25%
Net yield: 6.97%
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-16946
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