Three Bedroom Apartment

THE PROPERTY

• 54 The Exchange, Percy Street, Preston, PR1 1AW
• Asking price: £275,000
• Current rent: £1,700 pcm
• Net yield: 6.5%
• Service charge: £1,995.00 per annum
• Ground rent: £188.00 per annum
• EPC: B
• Lease: 197 years
• Tenant Profile: Working professional
• Note: A well-presented apartment, finished to a high standard throughout.

WHY THIS PROPERTY?

Strong rental yield of 7.4%, significantly above the national residential buy-to-let average.

Immediate income – fully tenanted and producing rent, with no void risk on acquisition.

High-specification development and apartment.

LOCATION: Preston (PR1 1AW)

Preston is one of the North-West’s most popular residential destinations, offering significant rental demand for investors:

• Strong rental demand & affordability – Preston offers relatively affordable property prices compared with Manchester and other North West cities, while providing access to a large population of renters, students and young professionals.
• Major employment & regeneration – The city benefits from major employers including the University of Central Lancashire (UCLan), BAE Systems and the wider Lancashire business community, alongside ongoing investment and regeneration supporting the local economy.
• Excellent connectivity & long-term growth potential – Preston has a major railway station with fast links to Manchester, Liverpool, London and Scotland, making it attractive to commuters and businesses. Its position within the wider Northern Powerhouse also provides potential for continued investment and capital growth.