6 bedroom terraced house

Wellington Street, Preston PR1 8TQ

Size: sqm

Purchase price

£270,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £24,972
Lettings fees £2,998
Net income £18,802
Gross yield 9.25%
Net yield 6.96%

EARN INSTANT INCOME ON THIS EXCELLENT HMO INVESTMENT OPPORTUNITY! This is a fantastic example of a fully licensed HMO investment property located just 10 minutes walk from UCLan university, sold fully tenanted and in a almost new condition.

This well performing 6 bedroom HMO briefly comprises of 6 fair sized double bedrooms, two washrooms equipped with showers, W.C and basins, garden to rear and fully finished off with high quality furnishings throughout. There is also a communal kitchen/living area with cooking and fridge facilities and options for on street parking to the front of the property.

Wellington Street is positioned in an ideal location with UCLan university just 10 minutes walk away, UCLan is ranked in the top 3.3% of universities in the world (Center for World University Rankings, CWUR, 2017) and over 95.5% of graduates are employed or enter further study within six months of graduation (HESA, 2018) so is becoming an increasing popular choice with A-Level applicants.

Preston is growing at an impressive rate - a number of major investments are underway to improve the area and as a result, the city is on the verge of an economic boom. In particular, the Guild Hall has received a £10m investment over the past three years, and the Preston Markets have had a £3m revamp, as well as a high street make over. Increasing employment opportunities also show there is plenty of demand for single room rentals from working professionals, of which the property is currently let to. 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.

EARN INSTANT INCOME ON THIS EXCELLENT HMO INVESTMENT OPPORTUNITY! This is a fantastic example of a fully licensed HMO investment property located just 10 minutes walk from UCLan university, sold fully tenanted and in a almost new condition.

Interested in this property? Enquire today for more information

Key features

Key features

Tenanted HMO investment

Key features

2 washrooms

Key features

High spec finish

Key features

Rear garden

Key features

Freehold

Key features

Walking distance to UCLan university

Key features

Furnishings included

Key features

High rental demand in the area

Key features

6 Bedrooms

Key features

Prices growing in the area

Key features

Freehold

EARN INSTANT INCOME ON THIS EXCELLENT HMO INVESTMENT OPPORTUNITY! This is a fantastic example of a fully licensed HMO investment property located just 10 minutes walk from UCLan university, sold fully tenanted and in a almost new condition. More info...

EARN INSTANT INCOME ON THIS EXCELLENT HMO INVESTMENT OPPORTUNITY! This is a fantastic example of a fully licensed HMO investment property located just 10 minutes walk from UCLan university, sold fully tenanted and in a almost new condition.

This well performing 6 bedroom HMO briefly comprises of 6 fair sized double bedrooms, two washrooms equipped with showers, W.C and basins, garden to rear and fully finished off with high quality furnishings throughout. There is also a communal kitchen/living area with cooking and fridge facilities and options for on street parking to the front of the property.

Wellington Street is positioned in an ideal location with UCLan university just 10 minutes walk away, UCLan is ranked in the top 3.3% of universities in the world (Center for World University Rankings, CWUR, 2017) and over 95.5% of graduates are employed or enter further study within six months of graduation (HESA, 2018) so is becoming an increasing popular choice with A-Level applicants.

Preston is growing at an impressive rate - a number of major investments are underway to improve the area and as a result, the city is on the verge of an economic boom. In particular, the Guild Hall has received a £10m investment over the past three years, and the Preston Markets have had a £3m revamp, as well as a high street make over. Increasing employment opportunities also show there is plenty of demand for single room rentals from working professionals, of which the property is currently let to. 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.

  • Key features
    Tick Desktop Tenanted HMO investment
    Tick Desktop 2 washrooms
    Tick Desktop High spec finish
    Tick Desktop Rear garden
    Tick Desktop Freehold
    Tick Desktop Walking distance to UCLan university
    Tick Desktop Furnishings included
    Tick Desktop High rental demand in the area
    Tick Desktop 6 Bedrooms
    Tick Desktop Prices growing in the area
    Key features

    Freehold

  • LocationLocation
  • EPCEPC

*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 £24,972
Lettings fees £2,998
Net income £18,802
Gross yield 9.25%
Net yield 6.96%

*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.