Raikes Road, Preston, Lancashire, PR1
- PROPERTY TYPE
End of Terrace
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- 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
- Well presented two bedroom end terraced home
- Strong Yield of 8.7% and annual income of £9,600
- Vestibule, lounge, fitted kitchen
- Two bedrooms and shower room
- Rear yard and outbuilding
- No chain delay and viewing recommended
Description
Searching for a high-performing asset to add to your portfolio? Raikes Road offers an incredible 8.7% gross yield, far outperforming the local market average. With a tenant already in place and paying £800 per calendar month (£9,600 per year), there is no "void period" risk—you begin earning from day one of completion.
This two-bedroom end-terraced home is well-maintained and designed for modern rental demand. The ground floor features a comfortable front lounge and a spacious, full-width kitchen to the rear.
The first floor comprises two well-proportioned double bedrooms and a clean, three-piece family bathroom. A private, wall-enclosed yard to the rear with large outbuilding, perfect for tenants looking for low-maintenance outdoor space.
Raikes Road is situated in the heart of the PR1 postcode. This area remains one of Preston’s strongest rental hubs due to its proximity to the University of Central Lancashire (UCLan), the Royal Preston Hospital, and the major shopping districts of the city centre. Excellent transport links via the M6 and Preston Railway Station make this a highly convenient spot for commuters.
Vestibule
uPVC door to the front and tiled flooring.
Lounge
4.5m x 3.75m
Double glazed window to the front and side, laminate flooring and meter cupboard.,
Kitchen
3.62m x 2.87m
Double glazed window and uPVC door to the rear, range of wall and base units with complementary work surfaces, stainless steel sink and drainer, gas cooker point, extractor, boiler, space for washer, radiator and under stairs storage.
Landing
Staircase leads from the kitchen to the first floor landing and loft access.
Bedroom One
4.48m x 3.73m
Double glazed window to the front, radiator and laminate flooring.
Bedroom Two
2.88m x 2.52m
Double glazed window to the rear and radiator.
Shower Room
1.85m x 1.27m
Double glazed window to the rear, shower cubicle, wash basin, low flush wc, tiled walls and flooring.
Rear
Wall enclosed rear yard, outside light and tap, gated access to the side.
Outbuilding
4.62m x 1.79m
uPVC french doors to the front.
Council Tax Band & Tenure
We have been advised by the seller that the Council Tax Band is Band A and the Tenure is Freehold.
Brochures
Particulars- 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.
- Ask agent
Raikes Road, Preston, Lancashire, PR1
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Visit our security centre to find out moreDisclaimer - Property reference PNR260203. 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 Entwistle Green, 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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