Terraced house for sale in St Cuthberts Close, Fulwood, Preston PR2

Terraced house for sale - 3 bedrooms 3 1 1

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Property description

Earn instant income on this already tenanted investment opportunity! This three bedroom mid terrace property comprises of entrance hallway leading to a spacious lounge; fully fitted kitchen with appliances included; a downstairs three piece bathroom; back door leading to a large rear garden; stairway leading to the first double bedroom; a second ample sized bedroom with double glazed window to the front; a third bedroom with double glazed window to the rear.

Preston is growing, With a number of major investments underway to improve the area, Preston is on the verge of an economic boom. In particular, the Guild Hall, has received a £10m investment over the past three years, while the Preston Markets have had a £3m revamp, as well as a high street make over.

With the area already named the best city to live and work in the North West in the Good Growth for Cities Index by Demos-PwC it is no surprise why the demand for investment property in this area has increased.

There’s no denying that this bustling, vibrant city is up there with other major players, making it a property hotspot for investors to increase their portfolio of rental properties. This is not an opportunity to be missed.

Financial Breakdown

Gross rent: £7,320
Ground rent: £0
Service charge: £0
Lettings fees: £720
Net income: £6,600
Gross yield: 6.65%
Net yield: 6%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-14410

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Yieldit, and do not constitute property particulars. Please contact Yieldit for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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