Mercer Street, Preston PR1 2 bed flat for sale

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Mercer Street, Preston PR1 2 bed flat for sale

Mercer Street, Preston PR1
£84,000

Price History

Initial price £90,000
28/12/24 £88,000
03/01/25 £86,000
10/01/25 £84,000
Price Change -6.67%

Description

This 2-bedroom flat in Preston is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a spacious lounge, modern kitchen, and two bedrooms. It currently produces an annual gross income of £9,540, which has the potential to increase to £10,044 with the new owner implementing a market rate rent. The current tenants, who have lived in the property for several years, are committed to staying and have a good rental history. With a tenant already in situ, the property offers a low-risk investment opportunity, and the vendor is committed to facilitating a smooth transaction process.