Sumner House, 29 St Thomas's Road, Chorley PR7 1HP

EXCELLENT BUY TO LET PROPERTY INVESTMENT OPPORTUNITY - NOT SUITABLE FOR OWNER OCCUPIERS! This wonderful stylish studio apartment is situated in the heart of Chorley town centre, enquire today to avoid disappointment.

This excellent studio apartment comprises of; entrance hallway leading to the open plan living area featuring sleeping area; fully-fitted high specification kitchen; storage cupboard and ensuite shower room. The apartment is situated on the fourth floor, and comes with allocated parking. It also has a state of the art smart heating system, as well as key-less electronic fob access from your apartment door.

Sumner House is an ideal investment for any landlord. The apartment has a central location in Chorley which is just a 5 minute walk to the train station, making it easier for those who commute to cities such as Manchester, Liverpool and London. Sumner House has a variety of bars, shops and restaurants right on its doorstep, making it attractive to young working professionals. This block also has the benefit of HG Smart Technology which allows you to keep a closer eye on energy prices and usage to allow better returns and lower outgoings.

This property is also a short distance from Preston which is the third largest city in the North West, and the largest in its county of Lancashire. It is only a 40 minute train journey from Manchester and a 50 minute train journey from Liverpool, whilst also having direct links to London and Glasgow. In addition, the city sits at the heart of a motorway network making it incredibly easy to access to the rest of the UK. With this in mind, and the fact that many university students decide to stay in the city after their graduation, the population of Preston is expected to grow exponentially in the coming years. In turn, house prices are predicted to continue to rise, following the growth of almost 20% in the last five years according to Zoopla figures.

Financial Breakdown

Gross Rent: £7,140.00
Net income: £4,881.84
Gross yield: 8.93%
Net yield: 6.1%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-07762