House For Sale £147,000
Balfour Road, Fulwood PR2

Pure Investor is delighted to bring this large 3-bedroom mid-terraced property in Preston to the market. The property has 3 bedrooms with the master being particularly large, 2 family bathrooms, living room, dining room and galley kitchen to the rear. There is currently a tenant in situ who has been in the property since April 2023 and has indicated she would like to continue renting the property once sold.

PROPERTY INFORMATION

- FULL ADDRESS: 50 Balfour Road, Preston PR2 3BY

- Property type: Mid terraced

- Bedrooms: 3

- Bathrooms: 2

- Living room and dining room

- Galley Kitchen

- Loft is boarded so could be converted into another bedroom

- On street parking

- EPC rating: D

INVESTMENT INFORMATION

- Purchase price: £147,000.00

- Current rental: £785.00pcm

- Gross rental income: £9,420.00 per annum

- Freehold

- 12-month tenancy

- Current tenant moved in April 2023

- Yield: 6.4%

- Letting is currently managed by Highgate Homes, Preston

- 10% monthly management fee

Reasons to invest in Preston:

- Economic Growth: Preston has seen significant growth in its economy, with new businesses and industries establishing roots in the area.

- Housing Market: The housing market in Preston has been growing steadily, making it an attractive location for real estate investment.

- Transport Links: Preston is well connected by road, rail, and air, making it an attractive location for businesses and commuters alike.

- Education: Preston is home to several renowned educational institutions, attracting students and contributing to the growth of the local economy.

- Government Investment: The government has been investing heavily in the infrastructure of Preston, further contributing to its growth and making it an attractive investment opportunity.