Markham Street,  Preston, PR2 1 bed flat for sale

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Markham Street, Preston, PR2 1 bed flat for sale

Markham Street, Preston, PR2
£70,000

Our Summary

  • * GREAT INVESTMENT OPPORTUNITY*1-Bed top floor flat with tenant in situ (£565 pcm currently, but could achieve approx

Description

This is a fantastic investment opportunity in Preston, offering a 1-bedroom top-floor flat with a tenant already in situ, generating £565 per calendar month. The property has no service charge or ground rent, providing a very good net yield of 12% at £70,000, which is significantly higher than the usual 8% yield. The flat itself is spacious, with a large lounge, good-sized bedroom, kitchen, and bathroom. The location is ideal, with excellent transport links, shops, and amenities nearby, and Preston city centre just a short commute away. With a tenant already in place, this property is sure to generate a steady income, making it an attractive option for investors.