Initial price	£66,000
22/03/25	£59,000
Price Change	-10.61%

This studio apartment is located in a purpose-built student block, just 5 years old, within walking distance of UCLan and with excellent transport links. The apartment features a study room with a personal shower room and kitchenette, and offers access to communal facilities such as a reception area, cinema room, gym, garden, and concierge service desk. The room is currently rented out until the end of the academic year, generating a gross income of £8,000 and a net income of £4,486. The property has a 125-year head lease, with a service charge and management fees of approximately 32% of the rental income, and a ground rent of £275 per annum. It can only be let to students via the management company.