2 bed flat for sale

Heys Hunt Avenue, Leyland PR25

Presenting an ideal turn-key addition to any investment portfolio, this modern 2-bedroom apartment is situated in the popular Heys Hunt development in Leyland.

Right now, the apartment generates £8,700 per year, which is a very respectable £725 per month. While that sits at a solid 7.9% return, the real story is in the growth potential. Similar units in the PR25 area are now achieving up to £850 per month. By conducting a simple rent review, you could easily push your gross yield to over 9%, making this a high-performing asset from day one.

Positioned perfectly for commuters and local professionals, this apartment combines a high-demand location with steady historical capital growth.

The Property

- Spacious Living: A bright, open-plan living and dining area perfect for modern tenancies.
- Two Bedrooms: Two well-proportioned rooms, including a master with an en-suite.
- Fully Fitted Kitchen: Though separate, it links seamless to the living area. Features modern units with integrated appliances.
- Electric Storage Heaters: Located throughout the property.
- Dedicated Parking: Includes an allocated off-road parking space - a significant value-add for the area.
- Communal Lawn Areas: Well-maintained for everyone to enjoy.

The Investment Case

- Instant Cashflow: Skip the void periods and agency finders-fees. The property is already tenanted at £725 pcm.
- Yield Potential: While currently achieving 7.9%, local market data suggests a rental ceiling of circa £850 pcm for 2-bed units in PR25. At this rate, an investor could see a gross yield exceeding 9%
- Capital Appreciation: Leyland is currently benefiting from a £38 million Town Deal regeneration project, which, combined with a 14% increase in local property values over the last five years, makes this a high-potential area for long-term capital appreciation.
- Prime Location: Just a short walk from Leyland town centre and the train station, with rapid access to the M6 and M61 motorways. Attracts a mix of professionals.
- Proven Tenant Profile: Consistently attracts a high calibre of professional tenants and long-term residents, driven by style of property and commuter links.

Summary of Terms

- Tenure: Leasehold (approx. 220+ years remaining).
- Service Charge: £148.62
- Ground Rent: £125.00
- Council Tax: Band B.

Opportunities at this price point with an established income stream are becoming increasingly rare. Get in touch with us today to arrange a viewing.

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These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. Itshould not be assumed that the property has all the necessary planning, building regulation or other consents and we have not testedservices, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.