House For Sale £140,000
Yieldit are pleased to bring to the market this fantastic investment opportunity yielding an impressive 8.44% net and tenanted until July 2023. The delightful mid-terraced property has been recently renovated to a high standard throughout and is currently let as a three-bedroom property, with the front reception room being utilised as the third bedroom. On the ground floor there is an entrance hallway, leading to the first bedroom, living room, W.C and kitchen with door providing access to the rear garden. On the first floor there are two well-proportioned and spacious bedrooms along with family bathroom equipped with free-standing bath and shower.
Lovat Road is ideally located a stones throw from various amenities such as shops, restaurants, bars and handy transport links. The University of Central Lancashire is just a short 10-minute walk away and The Royal Preston Hospital is less than 15 minutes’ drive meaning the property will be an appealing let to students, graduates and young professionals within the area. The City of Preston also sits within a commutable distance to major cities UK cities such as Manchester and Liverpool.
Preston is one of the UK's fastest growing cities and the £450m City Deal is set to build on this and create 20,000 new jobs over the next 10 years, along with £20.9m awarded from the Towns Fund to regenerate buildings, provide leisure and cultural facilities which will result in an economic boost. The City also boasts a high employment rate, meaning rental properties will always be in demand and offering excellent rental yields it’s no wonder it’s a property investment hotspot! Now is an exciting time to invest in Preston, so enquire today and don't miss out on this lucrative investment opportunity.
Financial Breakdown
Gross rent: £14,400
Lettings fees: £1,440
Net income: £12,960
Gross yield: 10.29%
Net yield: 9.26%
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-17971
Lovat Road is ideally located a stones throw from various amenities such as shops, restaurants, bars and handy transport links. The University of Central Lancashire is just a short 10-minute walk away and The Royal Preston Hospital is less than 15 minutes’ drive meaning the property will be an appealing let to students, graduates and young professionals within the area. The City of Preston also sits within a commutable distance to major cities UK cities such as Manchester and Liverpool.
Preston is one of the UK's fastest growing cities and the £450m City Deal is set to build on this and create 20,000 new jobs over the next 10 years, along with £20.9m awarded from the Towns Fund to regenerate buildings, provide leisure and cultural facilities which will result in an economic boost. The City also boasts a high employment rate, meaning rental properties will always be in demand and offering excellent rental yields it’s no wonder it’s a property investment hotspot! Now is an exciting time to invest in Preston, so enquire today and don't miss out on this lucrative investment opportunity.
Financial Breakdown
Gross rent: £14,400
Lettings fees: £1,440
Net income: £12,960
Gross yield: 10.29%
Net yield: 9.26%
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-17971
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