Studio apartment for sale

Lunar House, Lune Street, Preston, PR1 2NL

Full description

Size: 30.7 sqm

Excellent buy-to-let opportunity in Preston city centre! *Superior studio apartment, fully furnished with a modern finish* more info...

This excellent studio apartment located in the heart of Preston is ideal for young professionals and students alike. It’s position near the train station means that Lunar House is not only appealing to the Preston rental market but is also perfect for those commuting to other cities in the North West, including Manchester.

Lunar House is comprised of 20 large apartments and is centrally located close to shops and amenities, the university and the train station.

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 luxury apartments in the 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.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

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Key features

Key features Tenanted for immediate income
Key features Offered fully furnsished
Key features Great transport links
Key features Easy commute
Key features Close to all local amenities

EPC

Financial Performance*

Purchase price £69,000
Gross rent £4,800
Ground rent £200
Service charge £423
Lettings fees £432
Net income £3,745
Gross yield 6.96%
Net yield 5.43%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Studio apartment for sale

Lunar House, Lune Street, Preston, PR1 2NL,

Purchase price £69,000
Gross rent £4,800
Ground rent £200
Service charge £423
Lettings fees £432
Net income £3,745
Gross yield 6.96%
Net yield 5.43%

Full description

Excellent buy-to-let opportunity in Preston city centre! *Superior studio apartment, fully furnished with a modern finish* more info...

This excellent studio apartment located in the heart of Preston is ideal for young professionals and students alike. It’s position near the train station means that Lunar House is not only appealing to the Preston rental market but is also perfect for those commuting to other cities in the North West, including Manchester.

Lunar House is comprised of 20 large apartments and is centrally located close to shops and amenities, the university and the train station.

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 luxury apartments in the 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.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Key features

TicksTenanted for immediate income
TicksOffered fully furnsished
TicksGreat transport links
TicksEasy commute
TicksClose to all local amenities

Amenities

City Centre City Centre
Close To Public Transport Close To Public Transport
Double Glazing Double Glazing
Fitted Kitchen Fitted Kitchen

EPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.