Garstang Road
Preston, PR1

£70,000
Yield: 10.8%
111
Call Us 01772 882233

Features

  • Student accommodation
  • Studio apartment
  • Perfect investment
  • Rented out year on year
  • Roof terrace
  • Gym, cinema room and laundrette
  • Communal lounge area
  • Secure entry
  • Fully managed building
  • Council Tax Band: A

Description

Tenure: Leasehold

Available for purchase now is this great investment opportunity in Preston's ever growing student population.  Located within walking distance of the University, Canterbury Hall is rented out with waiting lists for all units!

The property is a studio flat of approx. 22m2 of accommodation with a kitchenette, living/bedroom space and a shower room.

Communally there is a beautiful roof terrace, atrium, entertainment room, gym, garden courtyard, laundry room, quiet study room and a concierge desk.

Expected finances for academic year 24/25

Gross rental income £7592

Gross yield % 10.8%

Ground rent and service charge £3377.80

Net income £4214.20

Net yield % 6.02

EPC rating: Unknown. Council tax band: A, Tenure: Leasehold, Annual ground rent: £275, Annual service charge: £1722, Service charge description: Payable every 3 months, Length of lease (remaining): 119 years 5 months,

Mortgage Calculator

You could pay £369 a month for this property

Need more advice?
Please be aware, your results are only an estimate and should not be considered as a mortgage quote. Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.