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Studio for sale

£60,375 Fixed price

Moor Lane, City Centre, Preston PR1

1 1
Interested in this property? Call 020 8033 9973 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Furnished studio apartments from £60,375
  • 8% net yields rent assured for 5 years
  • 5% interest on deposited funds
  • Walking distance of Preston City Centre and train station
  • 150 year lease
  • Fully managed investment

Property description

Westport Invest are pleased to announce the launch of Innovation House Preston, to widen our student property offering to five of the key investment markets.

Innovation House is located within the University Campus itself within Central Preston, and offers fully furnished studios from just £60,375. The apartments will be professionally managed offering 8% net for 5 years, and expected to increase after this.

Investment Highlights
Furnished studio apartments from £60,375
8% net yields rent assured for 5 years

Simple Purchase Process
Step 1: Fill in reservation form and pay £5000 deposit.

Step 2: Solicitors instructed, legal pack sent out & anti-money laundering process completed

Step 3: Exchange of contracts - remainder of 50% deposit paid to solicitors & contracts exchanged within 28 days of reservation, the purchase is completed & Title Deeds registered with the UK Land Registry.

Market activity
Average price paid £132,597 Sales 684 Current average value £123,803 (Zoopla Zed-Index) Value change -£1,653 ▼ -1.32%

Property value data/graphs for PR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £237,886 £186 3.6 £238,887
Semi-detached £144,284 £159 3.0 £152,436
Terraced £87,639 £116 2.8 £89,231
Flats £98,468 £161 1.9 £78,211

Current asking prices in PR1

Average: £123,910
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £89,238
(4)
£91,316
(128)
£126,837
(184)
£199,013
(56)
£231,150
(13)
Flats £71,267
(33)
£99,593
(59)
£151,650
(3)
£181,250
(4)
£190,000
(1)
All £73,210
(37)
£93,927
(187)
£127,235
(187)
£197,829
(60)
£228,211
(14)

Current asking rents in PR1

Average: £749 pcm
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £384 pcm
(24)
£511 pcm
(56)
£623 pcm
(78)
£1,197 pcm
(46)
£1,768 pcm
(18)
Flats £443 pcm
(116)
£607 pcm
(77)
£1,078 pcm
(18)
£1,395 pcm
(4)
£1,994 pcm
(6)
All £433 pcm
(140)
£567 pcm
(133)
£709 pcm
(96)
£1,213 pcm
(50)
£1,825 pcm
(24)

Fun facts for PR1

Highest value in PR1
Highest value streets Zed-Index
Hill Road £481,098
Hollinhurst Avenue £437,728
Castle Walk £402,279
Round Wood £366,327
Penwortham Court £316,110
Highest turnover in PR1
Highest turnover streets Turnover
Condor Way 62.5%
Crownlee 61.9%
The Spinney 54.5%
Foster Croft 50.0%
Prospect Place 50.0%

What Zoopla users think of Preston

Overall rating:

  • currently 3.5 stars
Good - 73% (72 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Preston:

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Community & safety
  • currently stars
  • 1
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  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Preston (Lancs) (0.7 miles)
  • Lostock Hall (3.0 miles)
  • Bamber Bridge (3.3 miles)
  • Blackpool International Airport (13.2 miles)
  • Liverpool John Lennon Airport (30.5 miles)
  • Manchester International Airport (33.6 miles)
  • Knott End-On-Sea Ferry Landing (16.3 miles)
  • Fleetwood for Knott End Ferry Landing (16.6 miles)
  • Heysham Ferry Terminal (20.3 miles)

Nearby schools

View all schools in Preston
  • English Martyrs Catholic Primary School, Preston (0.1 miles)
  • English Martyrs Catholic Primary School Preston (0.1 miles)
  • St Ignatius' Catholic Primary School (0.4 miles)
  • Cardinal Newman College (1.0 mile)
  • Preston College (1.2 miles)
  • Alston Hall College (5.1 miles)
  • Abrar Academy (0.2 miles)
  • Moor Park High School and Sixth Form (0.6 miles)
  • Moorbrook School (0.7 miles)
Note: Distances are straight line measurements

Local info for Preston

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For more information about this property, please contact
Westport Invest, N1C on 020 8033 9973 * (local rate)

Monthly running costs Beta

£385 Monthly total
Mortgage
Purchase price
Deposit (10%) 6,037
Repayment term 25
Interest rate 0.5
Your payment £192 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £11/mo (£127/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £18 Electricity £26 Estimated energy cost £44/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5700 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Preston

Estimated tax band A Council tax cost £110 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £13 Sewerage £15 Estimated water cost £28 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Westport Invest about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Westport Invest, and do not constitute property particulars. Please contact Westport Invest for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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