Minimum Rent

Select the property minimum rent
£0

Minimum Yield

Select the property minimum yield
0%

Bedrooms

Select how many bedrooms you want

Type of Property

Select the property types you want

Property ID: 209146183
Monthly Income
£620
Current Yield
18.6%
Tenancy status
Tenanted
CapitalAppreciation
+5.0%
Exclusive Investment Grade Opportunity

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 1 bedroom, desk space, modern kitchen and bathroom. The building has amenities like communal kitchen and dining space, roof deck, lounge, gym and utility room.


Investment Details


It currently produces an annual gross income of £7,440 with long term 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 property is within purpose-built student accommodation (PSBA) block and it can only be let out to students. The current tenant has consistently paid rent for the duration of their stay. The unit is currently managed by student living and must be sold with the tenant in situ.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income620/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£620 pcm
Current Rental Yield
18.6%
Potential Market Value Rent
£620 pcm
Potential Rental Yield
18.6%
Estimated Monthly Capital Appreciation
£167
Area Capital Appreciation Rate
+5.0%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 118 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Council Tax Band

Council Tax Band: A

Interactive street-level view of the property location and surrounding area.

Ground Rent
£22
Factor Fees/Running Costs
£146
Total Estimated Costs
£168
Loading...
Yearly Net Profit
Current Yearly Rent
£7,440
Annual Capital
Appreciation
£800
Yearly Ground Rent
£264
Yearly Factor Fee /
Service Charge
£1,752
Other Yearly Costs
None
Indicated
Annual Net Returns
£6,224