1 bedroom apartment

Size: 49 sqm

Purchase price

£107,500

Size: 49 sqm

Finance breakdown
Financial performance*
Gross rent £7,500
Ground rent £250
Service charge £780
Lettings fees £600
Net income £5,870
Gross yield 6.98%
Net yield 5.46%

Large, city centre one bedroom apartment perfect for buy to let investors; currently being refurbished with high tenant interest. Enquire today!


Cannon Street is in the centre of Preston, the next big buy to let market in the North West. Following in the footsteps of Manchester and Liverpool, Preston is attracting hundreds of millions of pounds of investment, has experienced significant house price growth in recent years and has a growing population which the current housing stock cannot satisfy.

Helping to fill this demand, the large one-bedroom apartments at Cannon Street are currently being refurbished and will soon be available to young professional tenants looking a city centre location close to the train station and all local amenities. At an average size of 485 sqft, it is no surprise that there are already lots tenants eager to move in as soon as the refurbishment is finished in Q1 2019.

Each apartment is let and managed by The Heaton Group who have a strong track record of local knowledge going back 50 years. This market-specific focus means that they are in the ideal position to develop and manage Cannon Street to the benefit of both the investor and the tenant.

Cannon Street is a first rate buy to let opportunity in the centre of the North West’s next big property investment market. Enquire today for more information and to reserve your perfect apartment – availability is extremely limited, and we are anticipating high demand.

Interested in this property? Enquire today for more information

Key features

Large, city centre one bedroom apartment perfect for buy to let investors; currently being refurbished with high tenant interest. Enquire today! More info...

Cannon Street is in the centre of Preston, the next big buy to let market in the North West. Following in the footsteps of Manchester and Liverpool, Preston is attracting hundreds of millions of pounds of investment, has experienced significant house price growth in recent years and has a growing population which the current housing stock cannot satisfy.

Helping to fill this demand, the large one-bedroom apartments at Cannon Street are currently being refurbished and will soon be available to young professional tenants looking a city centre location close to the train station and all local amenities. At an average size of 485 sqft, it is no surprise that there are already lots tenants eager to move in as soon as the refurbishment is finished in Q1 2019.

Each apartment is let and managed by The Heaton Group who have a strong track record of local knowledge going back 50 years. This market-specific focus means that they are in the ideal position to develop and manage Cannon Street to the benefit of both the investor and the tenant.

Cannon Street is a first rate buy to let opportunity in the centre of the North West’s next big property investment market. Enquire today for more information and to reserve your perfect apartment – availability is extremely limited, and we are anticipating high demand.


*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.

Breakdown
Financial performance*
Gross rent £7,500
Ground rent £250
Service charge £780
Lettings fees £600
Net income £5,870
Gross yield 6.98%
Net yield 5.46%

*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.