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Property ID: 213996314
Offers Over
£53,000
Location
Barleyfield, Clayton Brook, PR5 8JJ
Size
258
Tenure
Leasehold
Bedrooms
1
Type of property
Flat
Current Yield
10.2%
Monthly Income
£450
Property Information

This is a studio flat in Preston. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio!


The well-kept home features a lounge/bedroom, three-piece bathroom, kitchen, dressing area and allocated parking in good and modern condition.


Investment Details


It currently produces an annual gross income of £5,400 which could be increased by the new owner to a market rate of £7,500 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.


For greater detail on this property's investment potential, please see the Let Property Pack linked below.


If you are interested, please call us.


Tenancy Details


The current tenants have lived in the property and consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.


Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£450
Cashflow p/m
450
Current Yield
null%
Based on potential rent of
£625
Cashflow p/m
625
Potential Yield
null%
Monthly Income
£450 pcm
Potential Rent
£625 pcm
Length of Tenancy
2 years+
Tenant Means of Funding
SELF_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
45
Factor Name
unknown
Total Estimated Costs
45
Not available for this property
Not available for this property
Not available for this property
Running Costs
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
45
Factor Name
unknown
Total Estimated Costs
45