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Property Listing Details

Property details

  • 1 bedroom
  • 1 bathroom

Listing view statistics

Last 30 days: 53 page views

Since listed: 53 page views

Description

This excellent studio apartment located in the heart of Preston is ideal for young professionals and students alike. It’s position near the train station means that Lunar House is not only appealing to the Preston rental market but is also perfect for those commuting to other cities in the North West, including Manchester.

Lunar House is comprised of 20 large apartments and is centrally located close to shops and amenities, the university and the train station.

Preston is growing, With a number of major investments underway to improve the area, Preston is on the verge of an economic boom. In particular, the Guild Hall, has received a £10m investment over the past three years, while the Preston Markets have had a £3m revamp, as well as a high street make over.

With the area already named the best city to live and work in the North West in the Good Growth for Cities Index by Demos-PwC it is no surprise why the demand for luxury apartments in the area has increased.

There’s no denying that this bustling, vibrant city is up there with other major players, making it a property hotspot for investors to increase their portfolio of rental properties. This is not an opportunity to be missed.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £5,400
Ground rent: £200
Service charge: £730
Lettings fees: £540
Net income: £3,930
Gross yield: 9.82%
Net yield: 7.15%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-14396

You could get

Superfast broadband Superfast broadband

Up to 80 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Preston (Lancs) 0.2 miles
  • Lostock Hall 2.5 miles
  • Imam Muhammad Zakariya School 0.3 miles
  • St Ignatius' Catholic Primary School 0.5 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Preston (Lancs) 0.2 miles
  • Lostock Hall 2.5 miles
  • Imam Muhammad Zakariya School 0.3 miles
  • St Ignatius' Catholic Primary School 0.5 miles

Market stats

Sale activity

Average estimated value for a flat in PR1:

  • £103,799
  • Price decrease

  • -£1,228
  • (-1.169%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £100,031
  • Properties sold

    44

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom flat in PR1 is currently:

£511 pcm

Recent sales nearby

See all recent sales in PR1
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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

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.

The Developer

Price history

Sold prices provided by Land Registry
8th Nov 2019 £55,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.