1 Bedrooms Flat for sale in Cannon Street, Preston PR1 | £ 98,000
Overview
| Price: | £ 98,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | Lancashire |
| Town: | Preston |
| Postcode: | PR1 |
| Address: | Cannon Street, Preston PR1 |
| Bathrooms: | 1 |
| Bedrooms: | 1 |
Property Description
Cannon Street is in the centre of Preston, the next big buy to let market in the North West. Following in the footsteps of Manchester and Liverpool, Preston is attracting hundreds of millions of pounds of investment, has experienced significant house price growth in recent years and has a growing population which the current housing stock cannot satisfy.
Helping to fill this demand, the large one-bedroom apartments at Cannon Street are currently being refurbished and will soon be available to young professional tenants looking a city centre location close to the train station and all local amenities. At an average size of 485 sqft, it is no surprise that there are already lots tenants eager to move in as soon as the refurbishment is finished in Q1 2019.
Each apartment is let and managed by The Heaton Group who have a strong track record of local knowledge going back 50 years. This market-specific focus means that they are in the ideal position to develop and manage Cannon Street to the benefit of both the investor and the tenant.
Cannon Street is a first rate buy to let opportunity in the centre of the North West’s next big property investment market. Enquire today for more information and to reserve your perfect apartment – availability is extremely limited, and we are anticipating high demand.
Financial Breakdown
Gross rent: £6,900
Ground rent: £250
Service charge: £720
Lettings fees: £552
Net income: £5,378
Gross yield: 7.04%
Net yield: 5.49%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-13229
Property Location
Property Marketed by Yieldit
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