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Garstang Road, Preston, PR1

PROPERTY TYPE

Flat

BEDROOMS

1

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Student accommodation
  • Studio apartment
  • Perfect investment
  • Rented out year on year
  • Roof terrace
  • Gym, cinema room and laundrette
  • Communal lounge area
  • Secure entry
  • Fully managed building

Description

Available for purchase now is this great investment opportunity in Preston's ever growing student population.  Located within walking distance of the University, Canterbury Hall is rented out with waiting lists for all units!

The property is a studio flat of approx. 22m2 of accommodation with a kitchenette, living/bedroom space and a shower room.

Communally there is a beautiful roof terrace, atrium, entertainment room, gym, garden courtyard, laundry room, quiet study room and a concierge desk.

Expected finances for academic year 24/25

Gross rental income £7592

Gross yield % 10.8%

Ground rent and service charge £3377.80

Net income £4214.20

Net yield % 6.02

 

Disclaimer

These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Northwood nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

 

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance.

Tenure: Leasehold, Service charge description: Payable every 3 months, Length of lease (remaining): 119 years 0 months,
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
On street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Garstang Road, Preston, PR1

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About Northwood, Preston

5 Butler Street, Preston, PR1 8BN
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Northwood was founded in 1995 in Portsmouth but now has a national network of branches from Aberdeen to Plymouth and from Cardiff to Norwich. We operate a high calibre letting, estate agency and financial services business and we are renowned for our unique Guaranteed Rental Income Scheme that is not an insurance policy. Contact us now!

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Disclaimer - Property reference P411. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Northwood, Preston. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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