Offers over
£60,000
1 bed flat for saleWoodrow House, Mercer Street, Preston, Lancashire PR1
1 bed
1 bath
1 reception
EPC Rating: C
About this property
Ready-made Investment - sold with tenant in situ
High Yield - £6,840 per anum, Yield of 11.4%
Prime location for Preston city centre & UCLan
Modern interior and secure living
Viewing highly recommended
An outstanding opportunity for buy-to-let investors to acquire a modern, hassle-free addition to the their portfolio. This second floor apartment is being sold with a tenant in place, generating a consistent income of £570 per month (£6,840 per anum).
With the Preston rental market seeing high demand, this property offers an immediate return from day one of completion.
The one bedroom apartment is well presented, offers a bright and airy living environment. The heart of the home is the spacious open-plan lounge and dining kitchen, which features large French doors opening onto a Juliet balcony, allowing plenty of natural light. The kitchen is fully fitted with a range of modern wall and base units with integrated appliances.
The property further comprises a generous double bedroom and modern three piece bathroom suite. Additional benefits include electric heating, double glazing throughout and an allocated parking space in the residents car park.
Woodrow House is perfectly situated for urban living. Located just off New Hall Lane, residents enjoy easy access to; Preston city centre, transport links and local amenities.
Viewing highly recommended.
Hallway
Wood panelled door to the front and electric radiator.
Lounge/ Dining Kitchen (5.79m x 3.93m)
Double glazed french doors to the side with juliet balcony, laminate flooring and electric radiator. Range of wall and base units with complementary work surfaces, stainless steel sink and drainer, electric hob and oven with extractor, integrated fridge.
Bedroom One (3.27m x 2.78m)
Double glazed window to the side and electric radiator.
Bathroom (2.14m x 1.72m)
Modern three piece suite comprising; bath with shower over, wash basin, low flush wc, part tiled walls, tiled flooring, heated towel rail and cylinder cupboard.
Council Tax Band & Tenure
We have been advised by the seller that the Council Tax Band is Band A and the Tenure is Leasehold.
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More information
Tenure
Leasehold (230 years)
Service charge
£1,400 per year
Council tax band
A
Ground rent
£150
Ground rent date of next review
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