St. Marys Close, Preston

TWO-Bed flat currently rented (£650 pcm), ideal for investor market or first-time buyer.
Sold with tenant in situ (over 3 yrs in property) and with EPC rating of a C.
Ideally needs modernisation, but great potential.
Yield = 11% on a £70,000 purchase price (Anything above 8% is deemed Excellent).

This 2-bedroom, ground floor flat is situated in an area of high rental demand. This property is currently rented and is sold with a tenant in situ, paying £650 pcm and generated an above average yield of 11%.

The flat would benefit from some modernisation, hence the very competitive listing price. This would suite a seasoned buy-to-let investor or someone venturing into this for the first time. Equally, it could be sold to a first-time buyer, offering them a chance to get on the property ladder at a low cost.

Consisting of 2 bedrooms, bathroom, kitchen, lounge/diner and storage cupboards, the flat also benefits from Double glazed windows.

Viewings to commence ON OR AFTER Thursday 2nd January 2025. Enquiries and bookings can be taken now.

Tenure: Leasehold-I'm led to believe this is 999 years from build.

Ground Rent = £15 per year.

Council Tax Band: A

EPC Rating: C

Currently tenanted with an income of £650 pcm.

Please contact Lancashire Sales and Lettings Tel: 01772 729111 137 London Rd, Preston,Pr1 4BA mail@lancashirehomes.co.uk www.lancashirehomes.co.uk

Disclaimer
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.