1 bed flat

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1 bed flat

Barley Field, Preston PR5
£50,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • Investment potential detailed below (Let Property Pack)

Description

This studio flat in Preston offers a fantastic investment opportunity for those looking to expand their portfolio. The well-maintained property features a lounge/bedroom, three-piece bathroom, kitchen, dressing area, and allocated parking, and is currently producing an annual gross income of £5,400. With the potential to increase the rent to a market rate of £7,500, this property has the potential to provide a worthwhile return on investment. The current tenants have been consistent in their rent payments and have no intention of moving out, making for a smooth transition for the new owner. With the property in good condition and a tenant already in place, this is a great opportunity for investors to add to their portfolio.