Initial price	£120,000
24/09/24	£113,000
01/10/24	£110,000
Price Change	-8.33%

For sale via online bidding, this six-bedroom student pod investment in Preston's city centre is a unique opportunity to generate a gross rental income of £23,920. The modern, fully furnished property is located next to the University of Central Lancashire campus and offers an ideal location for students. With a rent of £99 per week per bedroom, inclusive of utilities except for the TV licence, the unit spans approximately 112.02 sq m. The property is fractionally owned, meaning each owner shares the costs and income generated equally, even if some rooms are vacant. Currently, the occupancy rate is 85%, ensuring each owner receives a proportional share of the rental income. The property is presently let to four tenants, with two vacant rooms expected to be occupied by the end of the month.