- £42,000pa income
- 13.09% Yield
- Central location
- Let to professionals
- Fully managed
This pre-market property is located in Preston PR1 and is only a 5-minute walk to Preston City center and a 15-minute walk to Preston train station.
The property will soon be going on the market so you have the opportunity to beat the competition before it hits the full market.
Purchase Price: £330,000
Gross Income: £42,300 (tbc)
Gross Yield: 13.09%
Net Yield: 8.04%
ROCE if financed: 16.54%
8 of the 9 rooms are currently let with the 9th having viewings taking place. The property already has a managing agent in place so it can be a hands-free investment.
There is a small yard to the rear with a bike storage area, a good-sized communal kitchen/living area and some rooms have had en-suites added where possible making them more attractive to tenants.
Selling office: Sourced Southport