1 bed flat for sale

Derwent House, Samuel Street, Preston, Lancashire PR1

** great investment opportunity-Beautifully renovated**
1-Bed second floor flat with tenant in situ (£525 pcm -could achieve £550). Income generation is unbelievable-Gross Yield = 18%/Net = 11% (Good yields are usually 8%). EPC = C (meeting proposed new Gov standards). Cash buyers.

This is a fantastic investment opportunity in an area of high rental demand. This 1-bed, second floor flat is currently let and the tenant has indicated that they would like to stay for the long term, subject to the wishes of the new owner. The current tenant has lived here for 23 years and looks after this as her palace.

The property benefits from 1 bedroom, lounge, separate kitchen and bathroom. A dedicated parking space comes with the property and new CCTV/anpr system has just been added to this private site. Communal gardens are for the benefit of everyone who lives here.

The flat will come with a brand new heating system (to be installed by the current owner). A new fire door has just been fitted and the flat benefits from a new bathroom and has been freshly decorated.

Conveniently located close to all major commuter routes, local amenities and a short walk to the city centre.

Book a viewing to appreciate the potential on offer.

Tenure - Leasehold

Council tax band - A



EPC- C (Therefore meeting proposed new Gov standards for rental properties)

Please contact Lancashire Sales and Lettings Tel: London Rd, Preston, Pr1 4BA

entrance hallway (4.6m x 0.78m) : Ceiling light, carpet, Storage cupboard, radiator, smoke detector and intercom system.

Lounge (4.15m x 4.08m) : LED light, smoke detector, carpet, dg bay window to front, radiator, storage cupboard, passive vent.

Bedroom (3.5m x 3.22m) : LED ceiling light, dg window to front, radiator, carpet.

Kitchen (3.37m x 1.68m) : Range of fitted wall & base units, stainless steel sink and mixer tap, integrated oven with 4 plate electric hob with extractor over, plumbed for washer & dryer, tiled floor.

Bathroom (2.43m x 1.35m) :LED ceiling light, 3 piece suite with electric shower over bath, tiled around bath, vinyl floor, radiator.

Outside: Communal gardens and allocated parking bay.

Disclaimer
Please note that while we believe the information provided to be correct, it does not form any part of an offer or contract. Prospective tenants should not solely rely on this information as a statement or representation of fact. All measurements quoted are approximate. Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed, and they do not form part of any contract.