Derwent House, Samuel Street... 1 bed flat for sale

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Derwent House, Samuel Street... 1 bed flat for sale

Derwent House, Samuel Street, Preston, Lancashire, PR1
£35,000

Our Summary

  • * GREAT INVESTMENT OPPORTUNITY-Beautifully renovated*1-Bed second floor flat with tenant in situ (£525 pcm -could achieve £550)
  • Cash buyers
  • This is a fantastic investment opportunity in an area of HIGH rental demand
  • Book a viewing to appreciate the potential on offer

Description

This is a fantastic investment opportunity in a high-demand area, offering an incredible gross yield of 18% and net yield of 11%. The beautifully renovated 1-bedroom, second-floor flat is currently let to a tenant who has lived there for 23 years and is willing to stay long-term, subject to the new owner's wishes. The property features a new heating system, new fire door, and freshly decorated interior. It also benefits from a dedicated parking space, communal gardens, and is conveniently located near major commuter routes, local amenities, and the city center. With a brand new heating system, new bathroom, and fresh decor, this property offers a fantastic opportunity for a cash buyer to generate significant income.