6 bed terraced house for sale

Wellington Street, Preston PR1

Wellington Street, Preston, Pr1 8Tq

An excellent opportunity to acquire a six bedroom House in Multiple Occupation at Wellington Street. The property comprises six bedrooms, three bathrooms and one communal kitchen and dining room, providing a well configured shared accommodation investment. Currently let to a company until 2027, the property offers investors the opportunity to acquire an income producing asset with an existing company tenancy in place.

Situated in Preston, the property benefits from the amenities and connectivity of a well established city with a diverse local economy. Preston offers a range of shops, restaurants, leisure facilities and transport links, alongside educational institutions and major employment centres. The presence of the University of Lancashire and the city's professional workforce supports demand for shared accommodation, making Preston an appealing location for investors seeking opportunities within the HMO market.

Preston is undergoing significant regeneration, with major investment helping to transform the city centre and enhance its appeal to residents, businesses and investors. Key developments include the £45 million plus Animate leisure and entertainment complex, the ongoing transformation of the Harris Quarter and public realm improvements across Friargate South and surrounding streets. Further investment in commercial workspace, cultural facilities and infrastructure is supporting Preston's wider ambitions for economic growth and urban renewal. These developments provide a positive backdrop for property investors, with the city's continued regeneration and employment opportunities helping to underpin its appeal as a rental investment location.

Financial Breakdown

Gross Rent: £22,800.00
Net income: £20,748.00
Gross yield: 9.12%
Net yield: 8.3%
Please contact agent for full financial breakdown.

Important note to purchasers: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08694