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Studio for sale

£59,900 From

Garstang Road, Preston PR1

1 1
Interested in this property? Call +44 1952 476892 * or

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Property features

  • Buy-to-let investment opportunity
  • Student Accommodation from £59,900
  • Assured net rental yields of 8% assured for 5 years (less gr 7.6%)
  • Fully Managed
  • 125 year lease

Property description

Detailed Description

Canterbury house student accommodation - studio

* Prime location 5 storey new build student development

* 5 min walk to uclan, next to pub, cinema, 10min walk to town centre

* Medium/High Specification - suited to the Preston student sector

* Roof top garden, cinema room, study room, gym, lounge/games room

* Assured net rental yields of 8% assured for 5 years (less gr 7.6%)

* Interest of 4% paid from exchange through to completion deducted from completion certificate

* Ground Rent: £275 per annum (5 years rpi)

* Service Charge: Included in the management charge and net yield (approx 22%) (student ranges from 20-25%)

* Fully Managed/Hands Off investment by sfm (student facilities Management)

* 125 year lease

* crl 10 year warranty


Specification


* Laminate flooring

* Tiled ensuite bathroom

* microwave, hob, extractor, fridge freezer desk, chair, table and 2 seats, queen bed, wardrobe, kitchen cupboards. (tv’s tbc)

* Broadband and wifi

* Fully managed onsite management team

* Average unit price £66,000

* Average unit size 23m/247sqft


Payment terms


* £5,000 Reservation Deposit

* 50% exchange on deposit (less the £5k res deposit)

* 25% in November 2017

* Remainder on completion less the 4% interest accrual

Floorplan(s): Floor Plan 1

Floor Plan 1 View original

Market activity
Average price paid £125,589 Sales 651 Current average value £129,457 (Zoopla Zed-Index) Value change £755 ▲ 0.59%

Property value data/graphs for PR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £248,294 £193 3.6 £239,057
Semi-detached £154,710 £171 3.0 £155,366
Terraced £90,498 £121 2.8 £83,783
Flats £99,072 £158 1.9 £81,663

Current asking prices in PR1

Average: £118,752
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £81,590
(5)
£94,592
(175)
£133,779
(198)
£218,977
(49)
£237,146
(13)
Flats £71,886
(60)
£92,160
(68)
£170,980
(5)
£173,333
(3)
-
All £72,633
(65)
£93,912
(243)
£134,695
(203)
£216,344
(52)
£237,146
(13)

Current asking rents in PR1

Average: £810 pcm
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £376 pcm
(24)
£513 pcm
(44)
£638 pcm
(53)
£1,180 pcm
(47)
£1,565 pcm
(25)
Flats £433 pcm
(115)
£632 pcm
(78)
£1,086 pcm
(19)
£1,097 pcm
(6)
£1,994 pcm
(6)
All £424 pcm
(139)
£589 pcm
(122)
£756 pcm
(72)
£1,170 pcm
(53)
£1,648 pcm
(31)

Fun facts for PR1

Highest value in PR1
Highest value streets Zed-Index
Hill Road £502,677
Hollinhurst Avenue £453,607
Castle Walk £418,752
Round Wood £383,578
Penwortham Court £329,643
Highest turnover in PR1
Highest turnover streets Turnover
The Spinney 63.6%
Condor Way 62.5%
Crownlee 52.4%
Hollinhurst Avenue 50.0%
Linton Grove 50.0%

What Zoopla users think of Fulwood

Overall rating:

  • currently 4.5 stars
Very good - 92% (127 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Fulwood:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Preston (Lancs) (0.9 miles)
  • Lostock Hall (3.3 miles)
  • Bamber Bridge (3.5 miles)
  • Blackpool International Airport (13.2 miles)
  • Liverpool John Lennon Airport (30.8 miles)
  • Manchester International Airport (33.8 miles)
  • Knott End-On-Sea Ferry Landing (16.2 miles)
  • Fleetwood for Knott End Ferry Landing (16.4 miles)
  • Heysham Ferry Terminal (20.1 miles)

Nearby schools

View all schools in Preston
  • English Martyrs Catholic Primary School, Preston (0.2 miles)
  • Eldon Primary School (0.3 miles)
  • St Ignatius' Catholic Primary School (0.5 miles)
  • Preston College (1.0 mile)
  • Cardinal Newman College (1.1 miles)
  • Alston Hall College (4.9 miles)
  • Abrar Academy (0.0 miles)
  • Moorbrook School (0.5 miles)
  • Moor Park High School and Sixth Form (0.5 miles)
Note: Distances are straight line measurements

Local info for Preston

About the neighbours in PR1

AskMe Q&A for Preston

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For more information about this property, please contact
Nu:Move International, TF2 on +44 1952 476892 * (local rate)

Monthly running costs Beta

£412 Monthly total

Mortgage

Purchase price
Deposit (10%) 5,990
Repayment term 25
Interest rate 1.5
Your payment £215 /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

What more do I get

Up to 9 smart home sensors

Included in the price of your cover

Home emergency assistance

Included in the price of your cover

Contents cover

£75,000 to Unlimited

Buildings cover

£750,000 to Unlimited

Energy

Gas £16 Electricity £25 Estimated energy cost £41/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 £117 /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 Nu:Move International, and do not constitute property particulars. Please contact Nu:Move International 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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