2 Bed Apartment House For Sale West Cliff, Preston, PR1
£175,000- Apartment
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Last Updated: 21st June 2024
Description
yieldit are pleased to present an exciting opportunity for investors in the wonderful city of Preston. The ground floor apartment has been tastefully converted and finished to a high specification throughout and benefits from beautiful sash windows, heigh ceilings and spotlight lighting throughout. Including an open plan living area with fully-fitted kitchen; two double bedrooms; main bathroom with three-piece suite and shower over bath and plenty of storage. Also included is an allocated parking space.\r
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The Sorting Office is ideally positioned in one of the North West’s most thriving cities, Preston has recently benefited from millions of pounds worth of investment which is reflected in significant house price growth and excellent rental yields. It has an increasing population and high-quality accommodation such as that at The Sorting Office is in short supply.\r
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Preston is a fantastic city to invest in, it recently beat London as being the UK’s most improved urban area thanks to achieving above-average improvements in health, transport and work-life balance. It’s also the economic hub of Lancashire, boasting unrivalled transport links, a fantastic quality of life and affordable living, in addition to this its appeal is only set to increase further with over £1 billion of investment planned for the next decade including the 450m City Deal which is set to build on this and create 20,000 new jobs over the next 10 years which will only increase the demand for rental properties. Please note, lettings and management fees may apply.
Financial Breakdown
Gross Rent: £11,400.00
Net income: £9,203.78
Gross yield: 6.51%
Net yield: 5.26%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-07819
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The Sorting Office is ideally positioned in one of the North West’s most thriving cities, Preston has recently benefited from millions of pounds worth of investment which is reflected in significant house price growth and excellent rental yields. It has an increasing population and high-quality accommodation such as that at The Sorting Office is in short supply.\r
\r
Preston is a fantastic city to invest in, it recently beat London as being the UK’s most improved urban area thanks to achieving above-average improvements in health, transport and work-life balance. It’s also the economic hub of Lancashire, boasting unrivalled transport links, a fantastic quality of life and affordable living, in addition to this its appeal is only set to increase further with over £1 billion of investment planned for the next decade including the 450m City Deal which is set to build on this and create 20,000 new jobs over the next 10 years which will only increase the demand for rental properties. Please note, lettings and management fees may apply.
Financial Breakdown
Gross Rent: £11,400.00
Net income: £9,203.78
Gross yield: 6.51%
Net yield: 5.26%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-07819
Agent Details
yieldit
Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.