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Conway House, Samuel Street, Preston... 2 bed flat for sale
Conway House, Samuel Street, Preston, Lancashire, PR1
£30,000
Conway House, Samuel Street, Preston, Lancashire, PR1
£30,000
Our Summary
- * GREAT INVESTMENT OPPORTUNITY* 2-Bed ground floor flat with tenant in situ (£600 pcm from June)
- Cash buyers
- This is a fantastic investment opportunity in an area of HIGH rental demand
- The flat could do with some modernisation, but this is at the discretion of the potential purchaser
- Book a viewing to appreciate the potential on offer
Description
This is a great investment opportunity for cash buyers, offering a 2-bedroom ground floor flat with a tenant in situ, generating a gross yield of 24% and a net yield of 14%. The property is located in an area of high rental demand and benefits from a dedicated parking space, communal gardens, and a new CCTV/ANPR system. Although the flat could do with some modernization, it comes with a brand new heating system to be installed by the current owner. The property is conveniently located close to major commuter routes, local amenities, and the city centre, making it an attractive option for investors. The current tenant has indicated a desire to stay long-term, subject to the new owner's wishes, providing a stable income stream.