1 bed flat for sale

Manor House Lane, Preston, Lancashire PR1

An excellent investment opportunity has arisen to acquire this spacious one-bedroom ground-floor apartment, situated in a popular residential pocket of Preston. This property is being sold with a reliable tenant in situ, providing an immediate and steady income stream from day one.

Currently generating a gross rental income of £6,600 per annum, this flat represents a "turnkey" investment for landlords looking to bypass the vacancy period associated with new acquisitions.

The accommodation briefly comprises a private entrance hallway leading to a bright and airy living area. The kitchen is functional and well-sized, while the double bedroom offers a peaceful retreat overlooking the communal grounds. The property is completed by a three-piece bathroom suite.

One of the standout features of this property is the outdoor space. Residents enjoy access to large, communal gardens at both the front and rear, providing a sense of openness and tranquility seldom found in urban flats.

Located on Manor House Lane, the property is perfectly positioned for easy access to Preston’s vibrant city centre, UCLan, and the Royal Preston Hospital. Local shops, supermarkets, and bus routes are all within walking distance, ensuring high tenant demand remains consistent.

With a passing rent of £6,600 per annum, this property offers a competitive yield. Ideal for investors seeking a hassle-free addition to their portfolio in a proven rental location.

Hallway

UPVC door to the side and meter cupboard.

Lounge (4.44m x 3.32m)

Double glazed window to the rear, electric fire and radiator.

Kitchen (3.04m x 2.36m)

Double glazed window to the rear, range of wall and base units with complementary work surfaces, stainless steel sink and drainer, gas hob and oven with extractor, boiler, space for washer and part tiled walls.

Bedroom One (3.4m x 3.28m)

Double glazed window to the front and radiator.

Bathroom

Double glazed window to the side, bath with shower over, wash basin, low flush wc, tiled walls and radiator.

Gardens

Communal hedge enclosed gardens to the front and rear.

Council Tax Band & Tenure

We have been advised by the seller that the Council Tax Band is Band A and the Tenure is Leasehold.