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8 bedroom house for sale
53-55 Plungington Road, Preston PR1
£420,000
53-55 Plungington Road, Preston PR1
£420,000
Our Summary
- Attention investors - We have a fantastic 8 bedroom investment opportunity situated in a prime location with local amenities, uclan and Preston city centre, only a short walk away
- Set over two storeys of spacious living accommodation (together with a large utility basement which is currently unused - but ripe for development)
- Potential Development/Growth:
Description
This 8-bedroom property in a prime location near UCLan and Preston city centre is an attractive investment opportunity. The property is currently fully occupied by tenants, generating a gross rental income of £43,800 per annum. The property features spacious living accommodation over two storeys, with four double bedrooms and en-suites on the ground floor, and four large bedrooms, a communal kitchen, living area, and bathroom on the first floor. The basement is currently unused but has potential for development. With some minor changes, such as converting first-floor bedrooms into en-suite rooms, the gross income could increase to £51,300 per annum. This is an excellent opportunity for investors to capitalize on the property's potential and generate a significant return on investment.