Yieldit are delighted to bring to the market this spectacular buy-to-let opportunity in the investor hotspot of Preston, the property is already tenanted offering immediate return on investment and boasts an extremely impressive gross yield of nearly 9% with scope to improve this further. The mid terrace has been maintained to a fantastic standard throughout and contains two bedrooms, with the larger one offering potential to be divided into two to make this a three-bedroom property, a spacious living room, modern fitted kitchen, family bathroom and rear yard.
Lincoln Street is situated in a popular residential location offering easy access to local amenities and just a short 10-minute walk to the city centre which is home to an array of popular places to shop, eat and visit. The Royal Preston Hospital is a 10-minute drive and The University of Central Lancashire, which ranked in the top 7% of universities worldwide in the cwur's 'Global 2000 List', is a 5-minute drive or 20 minute walk. With this in mind, the property will appeal to a wide range of tenants, whether they be students, young professionals working in the centre or commuters who can be easily connected with surrounding cities such as Liverpool and Manchester.
Preston is a fantastic city to invest in, it recently beat London as being the UKs most improved urban area thanks to achieving above-average improvements for health, transport and work-life balance. Its also the economic hub of Lancashire, boasting unrivalled transport links, a fantastic quality of life and affordable living, in addition to this it's appeal is only set to increase further with over 1billion of investment planned for the next decade including the 450m City Deal which is set to build on this and create 20,000 new jobs over the next 10 years.
Financial Breakdown
Gross rent: £9,360
Service charge: £0
Net income: £6,720
Gross yield: 9.96%
Net yield: 7.15%
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-07005
