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.