1 bedroom flat for sale

>

1 bedroom flat for sale

Barley Field, Preston PR5
£58,000

Price History

Initial price £60,000
13/02/25 £58,000
Price Change -3.33%

Description

This studio flat in Preston is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge/bedroom, three-piece bathroom, kitchen, dressing area, and allocated parking. Currently, it produces an annual gross income of £5,400, but with some tweaks, the new owner could increase the rental income to a market rate of £7,500. The property has a tenant currently situated, who has consistently paid their rent and has no intention of moving out, making it an attractive option for investors. With a valuable location and rewarding rental returns, this property is a worthwhile addition to any portfolio.