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Studio for sale

£59,950 (£238/sq. ft) Guide price

Lune Street, Preston PR1

1 1 252 sq. ft*

Images may include optional upgrades at additional cost

Interested in this property? Call +44 20 8022 7495 * or Request Details

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

Property features

  • Central heating
  • Double glazing
  • Lift access
  • Highly Desirable City Centre Location
  • Excellent Transport Links
  • Fully Furnished
  • Building Managed and Fully Tenanted
  • Walking Distance to UCLan (University of Central Lancashire)
  • Over 6% net Rental Yield

Property description

Great opportunity for investors to earn income from the booming Buy-to-Let sector. This studio apartment is perfect for investors who want entry level access to the property market and a hands free investment. Lunar House is a fully managed residential property offering investors over 6.5% returns per annum.

Perfectly positioned in Preston city centre, this quality refurbishment of a former solicitor's office building provides 20 contemporary and high spec studios. Each studio is fully furnished and fitted with the latest mod cons and electrical appliances.

All construction works are complete and Lunar House has already proven a hit with tenants as the building is fully occupied. Investors start earning from day one.

Lunar House enjoys a highly desirable location within the vibrant city centre. All shopping and restaurant amenities are literally on the doorstep. Preston train station is just a ten minute walk away which should appeal to commuters, as it provides direct connections to Manchester, Liverpool, Glasgow and London.
Floorplan(s): Floorplan 1

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Market activity
Average price paid £137,007 Sales 642 Current average value £129,715 (Zoopla Zed-Index) Value change -£2,965 ▼ -2.23%

Property value data/graphs for PR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £249,332 £195 3.6 £260,543
Semi-detached £153,467 £172 3.0 £159,401
Terraced £91,510 £123 2.8 £90,222
Flats £97,763 £161 1.9 £74,957

Current asking prices in PR1

Average: £127,565
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £96,738
(4)
£101,756
(169)
£139,250
(234)
£284,027
(43)
£260,975
(11)
Flats £77,309
(93)
£106,955
(69)
£224,990
(5)
- -
All £78,110
(97)
£103,263
(238)
£141,044
(239)
£284,027
(43)
£260,975
(11)

Current asking rents in PR1

Average: £908 pcm
Avg. current asking prices in PR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £379 pcm
(36)
£616 pcm
(48)
£762 pcm
(73)
£1,165 pcm
(72)
£1,670 pcm
(39)
Flats £478 pcm
(207)
£668 pcm
(110)
£1,004 pcm
(34)
£1,334 pcm
(29)
£1,931 pcm
(29)
All £464 pcm
(243)
£652 pcm
(158)
£839 pcm
(107)
£1,213 pcm
(101)
£1,781 pcm
(68)

Fun facts for PR1

Highest value in PR1
Highest value streets Zed-Index
Hill Road £525,889
Hollinhurst Avenue £455,890
Castle Walk £422,952
Round Wood £386,368
Penwortham Court £334,673
Highest turnover in PR1
Highest turnover streets Turnover
Condor Way 62.5%
Linton Grove 56.2%
The Spinney 54.5%
Crownlee 52.4%
Prospect Place 50.0%

What Zoopla users think of Preston

Overall rating:

  • currently 3.5 stars
Good - 74% (97 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 3.5 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 3.5 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Preston:

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

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Preston (Lancs) (0.2 miles)
  • Lostock Hall (2.5 miles)
  • Bamber Bridge (2.8 miles)
  • Blackpool International Airport (13.3 miles)
  • Liverpool John Lennon Airport (30.0 miles)
  • Manchester International Airport (33.1 miles)
  • Knott End-On-Sea Ferry Landing (16.8 miles)
  • Fleetwood for Knott End Ferry Landing (17.0 miles)
  • Heysham Ferry Terminal (20.9 miles)

Nearby schools

View all schools in Preston
  • St Ignatius' Catholic Primary School (0.5 miles)
  • St Augustine's Catholic Primary School (0.5 miles)
  • St Stephen's CofE School (0.5 miles)
  • Youth Challenge Pru (15.0 miles)
  • The Young Mums Unit (17.0 miles)
  • Thomas Whitham Sixth Form (19.3 miles)
  • Eden Boys' School, Preston (0.8 miles)
  • Christ The King Catholic High School (0.8 miles)
  • Preston Muslim Girls High School (0.9 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.

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For more information about this property, please contact
Flambard Williams, CM2 on +44 20 8022 7495 * (local rate)

Monthly running costs Beta

£419 Monthly total

Mortgage

Purchase price
Deposit (10%) 5,995
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 £750,000 Contents value up to £75,000 Average insurance cost £13/mo (£154/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 £20 Electricity £26 Estimated energy cost £46/mo

Similar properties could save up to £166

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.

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