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1 bed flat for sale

£58,900

Garstang Road, Preston PR1

1 1 1
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Property features

  • Roof terrace
  • Off street parking
  • Porter/security
  • Waterfront

Property description

A stunning new build development in the lucrative market of student property. 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.

Investment Highlights
• 190 fully self-contained Studio apartments
• Special offer of 9% net yield for 5 years
• 4% interest on deposited funds
• No Stamp Duty
• Fully furnished
• On-site student Gastro Pub
• Unit sizes 21-27sqm
• August 2018 build completion, in time for the September intake of students
• 125 Year Lease
And much more!

Why Invest in Purpose-built student accommodation?
The four storey development comprises a total of 190 apartments. 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, purpose-built student properties have become a mainstream global asset class which provides investors with a safe investment and minimal risk.

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.

Purpose Built Student Accommodation, rather than converted premises, offers investors reliable earning potential. Even though the rental contracts are relatively short-lived, these properties are always in high demand and are currently still woefully under-supplied.
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: £118,808
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £82,825
(6)
£93,415
(174)
£134,198
(200)
£222,081
(48)
£230,207
(14)
Flats £71,222
(60)
£90,927
(70)
£170,980
(5)
£173,333
(3)
-
All £72,276
(66)
£92,701
(244)
£135,095
(205)
£219,214
(51)
£230,207
(14)

Current asking rents in PR1

Average: £817 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
(38)
£638 pcm
(54)
£1,180 pcm
(47)
£1,558 pcm
(26)
Flats £433 pcm
(114)
£630 pcm
(80)
£1,086 pcm
(19)
£1,097 pcm
(6)
£1,994 pcm
(6)
All £423 pcm
(138)
£592 pcm
(118)
£755 pcm
(73)
£1,170 pcm
(53)
£1,640 pcm
(32)

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

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  • currently stars
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Entertainment & nightlife
  • currently stars
  • 1
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  • 3
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  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
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  • 1
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  • 5
Transport & travel
  • currently stars
  • 1
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  • 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
Real Estate Worldwide, SS2 on +44 1702 787516 * (local rate)

Monthly running costs Beta

£409 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

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 Real Estate Worldwide, and do not constitute property particulars. Please contact Real Estate Worldwide 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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