Derwentwater Place, Preston, Lancashire, PR1
- PROPERTY TYPE
End of Terrace
- BEDROOMS
2
- BATHROOMS
1
- SIZE
720 sq ft
67 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold property
- Fully managed and hands free investment opportunity.
- Currently generates £770.00 per calendar month
- Close to UCLAN and Preston town centre
- Long term tenants in situ
- High 7.4% gross rental yield currently generated
Description
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
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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: to find out more
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- 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
Derwentwater Place, Preston, Lancashire, PR1
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Visit our security centre to find out moreDisclaimer - Property reference PURPREDER5. 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 Pure, Manchester. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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