Studio flat for sale

>

Studio flat for sale

Garstang Road, Preston, PR1
£57,000

Our Summary

  • Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio
  • 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 is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a studio flat, lounge, kitchen, bathroom, and street parking. Currently, the property is generating an annual gross income of £9,180 with tenants already situated, and with a purchase price that offers potential for future rental income, this could be a worthwhile addition to an investor's portfolio. The current tenants have been long-term residents, paying their rent consistently for several years and have no intentions to move out, making for a smooth transition for the buyer.