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Studio for sale

£51,950

Leighton Street, Preston PR1

1

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Property features

  • Units starting at just £43,000
  • High Yielding - an immediate 7% pa assured net rental return for 5 years
  • Zero operating costs, Highly marketable & easily exited
  • Perfectly located on campus - Roll out of bed into lectures
  • Purpose Built & fully operational for 10 years with 99.3% occupancy
  • Completely Hands-free asset - Managed by the uk's number 1 student operator crm
  • Voted "Most loved facility" by UCLan's 33,000 students
  • UCLan - the uk's 8th largest University
  • Huge undersupplied demand - only 25% of the purpose built demand is being met

Property description

With student accommodation already unquestionably the best performing investment sector in the UK year after year, Leighton Hall in Preston can certainly be counted among its crown jewels.

Not only was it voted best value for money in 2013/14 by the 33,000 UCLan Students Union, but it’s University Accredited and “right in the centre of things”. Literally 10 seconds from Lecture Halls and 9 minutes from the shopping district. Furthermore, Leighton Hall is rented out by the uk’s number one student operator, crm Students. This if anything, adds to the attractiveness to students and in return assures 100% occupancy, making Leighton Hall an exceptionally secure, hands-free, high yield investment for all investors.
Market activity
Average price paid £129,716 Sales 642 Current average value £131,966 (Zoopla Zed-Index) Value change £6,155 ▲ 4.89%

Property value data/graphs for PR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £255,530 £198 3.6 £231,344
Semi-detached £154,366 £173 3.0 £160,478
Terraced £93,062 £123 2.8 £87,299
Flats £102,928 £168 1.9 £83,200

Current asking prices in PR1

Average: £123,738
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £89,975
(6)
£92,919
(157)
£134,450
(217)
£254,112
(44)
£285,544
(9)
Flats £73,961
(68)
£98,800
(66)
£199,983
(6)
£170,000
(1)
-
All £75,259
(74)
£94,660
(223)
£136,214
(223)
£252,243
(45)
£285,544
(9)

Current asking rents in PR1

Average: £995 pcm
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £464 pcm
(26)
£520 pcm
(54)
£696 pcm
(71)
£1,248 pcm
(62)
£1,792 pcm
(32)
Flats £465 pcm
(140)
£638 pcm
(74)
£1,038 pcm
(31)
£1,387 pcm
(28)
£1,972 pcm
(29)
All £465 pcm
(166)
£589 pcm
(128)
£800 pcm
(102)
£1,291 pcm
(90)
£1,878 pcm
(61)

Fun facts for PR1

Highest value in PR1
Highest value streets Zed-Index
Hill Road £515,251
Hollinhurst Avenue £465,954
Castle Walk £432,738
Round Wood £395,453
Penwortham Court £339,835
Highest turnover in PR1
Highest turnover streets Turnover
Condor Way 62.5%
Linton Grove 56.2%
The Spinney 54.5%
Crownlee 50.0%
Hollinhurst Avenue 50.0%

What Zoopla users think of Preston

Overall rating:

  • currently 3.5 stars
Good - 72% (83 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 Preston:

Tell us what you think of this area by rating these categories.
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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) (0.4 miles)
  • Lostock Hall (2.8 miles)
  • Bamber Bridge (3.2 miles)
  • Blackpool International Airport (13.0 miles)
  • Liverpool John Lennon Airport (30.2 miles)
  • Manchester International Airport (33.4 miles)
  • Knott End-On-Sea Ferry Landing (16.4 miles)
  • Fleetwood for Knott End Ferry Landing (16.6 miles)
  • Heysham Ferry Terminal (20.5 miles)

Nearby schools

View all schools in Preston
  • English Martyrs Catholic Primary School, Preston (0.4 miles)
  • St Ignatius' Catholic Primary School (0.6 miles)
  • Imam Muhammad Zakariya School (0.6 miles)
  • Cardinal Newman College (1.0 mile)
  • Preston College (1.6 miles)
  • Alston Hall College (5.4 miles)
  • Mountwood Academy (0.5 miles)
  • Abrar Academy (0.6 miles)
  • Cedar Lodge (0.7 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
Aspen Woolf, N1 on +44 20 7768 0120 * (local rate)

Monthly running costs Beta

£386 Monthly total

Mortgage

Purchase price
Deposit (10%) 5,195
Repayment term 25
Interest rate 1.5
Your payment £186 /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)
Compare insurance deals now 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 £17 Electricity £27 Estimated energy cost £44/mo

Similar properties could save up to £123

How Much Could I Save? 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 Aspen Woolf 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 Aspen Woolf, and do not constitute property particulars. Please contact Aspen Woolf 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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