Derwentwater Place

Investment Opportunity – Tenanted 2-Bedroom Terraced Property For Sale In Preston

5 Derwentwater Place, Preston, PR1 6DL
Guide Price: £125,000 | Gross Annual Income: £9,240 | Gross Yield: 7.39%

Property Overview
A traditional two-bedroom terraced property located in a popular residential area close to Preston city centre and the University of Central Lancashire (UCLan). Originally purchased by the current owner for his son while studying at university, the property has since been successfully let for several years and now represents a solid, income-generating investment. The property is offered as a freehold asset, benefiting from a recently installed boiler (within the last two years) and a valid EPC rating of D. Overall, this property provides investors with a hands-off, ready-to-go rental producing consistent returns.

Key Features

• Traditional 2-bedroom terraced property
• Freehold tenure
• Currently achieving £770 per calendar month (£9,240 per annum)
• 7.4% gross yield based on the guide price
• EPC Rating: D
• New boiler installed within the last 2 years
• Long-term tenants in situ (7 years)
• Located near UCLAN and Preston city centre

Tenant Profile
The property is currently occupied by a father and son, tenants who have been in place for approximately seven years, and the tenants have proven to be reliable payers with a consistent rental payment record.

Let Pure Lettings Take The Strain…..

• We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.
• Fully managed lettings and property management service
• Comprehensive coverage throughout England and Wales
• One team, one fee across your full portfolio
• Rental income protection available
• Transfer your existing properties quickly and easily

If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: 0161 337 3890 to find out more

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