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Studio for sale

£58,900 (£261/sq. ft) From

Garstang Road, Fulwood, Preston PR1

1 1 226 sq. ft*
Interested in this property? Call +44 1722 515751 * or

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

Property features

  • Studio Apartments
  • From £58,900
  • 8% Net Yield
  • Guaranteed For 5 Years
  • 4% Interest On Deposited Funds
  • No Stamp Duty
  • 5min Walk From Campus
  • Completion Aug 2018
  • Roof Top Garden, Gym, Study Rooms, Cinema, and Superfast wifi
  • Cash Buyers Only

Property description

Interest on deposited funds N June only We would like to introduce Canterbury Hall, a stunning new build development in the lucrative market of student property. Featuring a beautiful roof-top garden and offering assured income for five years, this is an excellent,

secure investment opportunity. With a fantastic location right next to the UCLan campus in the city of Preston, Canterbury Hall is the perfect solution

for students looking for independent living in a student environment.

The demand characteristics exhibited by students has changed over recent years – many, especially those from

overseas, no longer wish to live in converted houses. They now require bespoke, purpose-built accommodation which lies close to the educational hub. With ever-increasing numbers of undergraduates, purposebuilt student properties have become a mainstream global asset class which provides investors with a safe investment and minimal risk.

In 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.
Market activity
Average price paid £127,715 Sales 667 Current average value £129,102 (Zoopla Zed-Index) Value change £2,203 ▲ 1.74%

Property value data/graphs for PR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £247,054 £192 3.6 £243,238
Semi-detached £151,806 £169 3.0 £155,013
Terraced £91,661 £122 2.8 £83,590
Flats £100,016 £159 1.9 £81,768

Current asking prices in PR1

Average: £122,716
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £83,490
(5)
£91,769
(163)
£135,189
(212)
£210,279
(48)
£230,544
(9)
Flats £73,563
(78)
£97,648
(67)
£177,843
(7)
£175,000
(2)
-
All £74,161
(83)
£93,482
(230)
£136,552
(219)
£208,868
(50)
£230,544
(9)

Current asking rents in PR1

Average: £1,027 pcm
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £340 pcm
(21)
£513 pcm
(43)
£669 pcm
(62)
£1,278 pcm
(64)
£1,868 pcm
(42)
Flats £414 pcm
(96)
£613 pcm
(55)
£1,062 pcm
(24)
£1,333 pcm
(27)
£1,848 pcm
(21)
All £401 pcm
(117)
£569 pcm
(98)
£779 pcm
(86)
£1,294 pcm
(91)
£1,861 pcm
(63)

Fun facts for PR1

Highest value in PR1
Highest value streets Zed-Index
Hill Road £498,087
Hollinhurst Avenue £450,235
Castle Walk £416,537
Round Wood £381,730
Penwortham Court £327,981
Highest turnover in PR1
Highest turnover streets Turnover
Condor Way 62.5%
Linton Grove 56.2%
Crownlee 54.8%
The Spinney 54.5%
Hollinhurst Avenue 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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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Cloud Homes, SP1 on +44 1722 515751 * (local rate)

Monthly running costs Beta

£414 Monthly total

Mortgage

Purchase price
Deposit (10%) 5,890
Repayment term 25
Interest rate 1.5
Your payment £212 /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 £20 Electricity £26 Estimated energy cost £46/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.

Contact Cloud Homes about this property

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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 Cloud Homes, and do not constitute property particulars. Please contact Cloud Homes 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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