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1 bed flat for sale

£60,375 (£313/sq. ft) Guide price

Sizer Street, Preston PR1

1 1 193 sq. ft*
Interested in this property? Call +44 113 427 8504 * or

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

Property description



Stunning New Development Student AccommodationPrices from just £60,375 8% net yields, assured for 3 years

We would like to introduce Innovation House, a stunning brand-new investment opportunity in the lucrative market of student property.Located on the university campus in the centre of Preston, Innovation House is the perfect solution for students looking for independent living in a student environment.The four storey development comprises a total of 218 self-contained studios across two separate buildings. The development is the first all-studio student accommodation in Preston.The demand characteristics exhibited by students has changed over recent years – many, especially those from overseas, no longer wish to live in converted houses or in the common “cluster-flat” student accommodation.They now require bespoke, purpose-built accommodation which lies close to the educational hub. With ever-increasing numbers of undergraduates, purpose-built student properties have become a mainstream global asset class which provides investors with a safe investment and minimal the UK, 19% of all university students are from overseas, and it has been predicted that by 2020 there will be 30,000 more international students flocking to the UK to study.This increasingly international population which is developing in the UK makes room for savvy investors who are wanting to capitalise on the student property market.Overseas students, who on average require accommodation for 51 weeks in a year and expect a higher standard of living, are now acting like general housing consumers, opting to go for the best quality they can get at a reasonable price, not just the cheapest property on offer.University cities such as Preston will be at the forefront of the increase in international student numbers thanks in part to the high world ranking of UCLan and to the attractions of the location itself. The recent injection of capital through the Preston and Lancashire City Deal will boost the local economy creating employment opportunities for postgraduates. An outstanding student accommodation development for a world-class university.

218 premium, larger than average studio apartments Prices from just £60,375 8% net yields, assured for 3 years Perfect location within university campus Contemporary design and high-specification finishes throughout Fully managed, secure investment with assured returns

Property info

  • Furnished
Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £126,230 Sales 648 Current average value £126,616 (Zoopla Zed-Index) Value change -£2,614 ▼ -2.02%

Property value data/graphs for PR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £242,930 £189 3.6 £236,932
Semi-detached £146,630 £163 3.0 £151,855
Terraced £90,770 £119 2.8 £85,630
Flats £99,091 £158 1.9 £79,830

Current asking prices in PR1

Average: £127,616
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £81,939
(9)
£96,272
(162)
£138,928
(183)
£238,522
(58)
£215,996
(14)
Flats £70,943
(50)
£96,301
(59)
£95,475
(6)
£173,333
(3)
£180,000
(1)
All £72,620
(59)
£96,280
(221)
£137,549
(189)
£235,316
(61)
£213,597
(15)

Current asking rents in PR1

Average: £823 pcm
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £404 pcm
(26)
£501 pcm
(45)
£638 pcm
(61)
£1,275 pcm
(43)
£1,856 pcm
(24)
Flats £430 pcm
(107)
£637 pcm
(75)
£1,118 pcm
(17)
£1,005 pcm
(7)
£1,770 pcm
(7)
All £425 pcm
(133)
£586 pcm
(120)
£743 pcm
(78)
£1,237 pcm
(50)
£1,836 pcm
(31)

Fun facts for PR1

Highest value in PR1
Highest value streets Zed-Index
Hill Road £488,960
Hollinhurst Avenue £445,535
Castle Walk £410,422
Round Wood £375,342
Penwortham Court £322,825
Highest turnover in PR1
Highest turnover streets Turnover
The Spinney 63.6%
Condor Way 62.5%
Crownlee 59.5%
Foster Croft 50.0%
Prospect Place 50.0%

What Zoopla users think of Preston

Overall rating:

  • currently 3.5 stars
Good - 72% (77 ratings)

Ratings breakdown:

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Parks & recreation
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Restaurants & shopping
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Schools & public services
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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)
  • St Ignatius' Catholic Primary School (0.4 miles)
  • Eldon 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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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Keller Williams, LS4 on +44 113 427 8504 * (local rate)

Monthly running costs Beta

£409 Monthly total
Mortgage
Purchase price
Deposit (10%) 6,037
Repayment term 25
Interest rate 1.5
Your payment £217 /mo How Much Could I Borrow

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 £19 Electricity £24 Estimated energy cost £43/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.

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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 Keller Williams, and do not constitute property particulars. Please contact Keller Williams 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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