2 bed Flat For Sale £143,500
Yieldit are delighted to offer onto the market this very well presented 2/3 bedroom investment property. The property briefly comprises of entrance hallway, sitting room (being used as a bedroom), further sitting room, fully fitted kitchen, staircase to landing, 2 further bedrooms and a family bathroom. Outside there is a rear yard.
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: £14,400
Ground rent: £0
Service charge: £0
Lettings fees: £0
Net income: £12,400
Gross yield: 10.03%
Net yield: 8.64%
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-17243
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: £14,400
Ground rent: £0
Service charge: £0
Lettings fees: £0
Net income: £12,400
Gross yield: 10.03%
Net yield: 8.64%
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-17243
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