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Tulketh Crescent, Preston

Key features

  • 20 Self Contained Flats/Studios
  • Rents Achieving Between £450-£475pcm Per Flat
  • 1.5 Miles From The City Centre
  • Investment Opportunity
  • Renovation Needed
  • All Flats Are Council Tax Band A
  • 15.3% Yield When Fully Let
  • 0.42 Acres Of Land

Description

Situated on Tulketh Crescent, Preston, this property presents an attractive investment opportunity. Comprising 20 self-contained flats and studios, it currently generates an annual rental income of £100,380, rising to £111,000 when fully let, making it an appealing proposition for investors seeking rental income alongside the opportunity to add value.

While refurbishment is required, the property offers an established income stream as well as scope for further improvement. It also benefits from a substantial amount of land, offering potential for development or enhancement, subject to the necessary consents. Its scale and mix of accommodation make it an attractive option for investors and tenants alike.

The property is conveniently situated close to local amenities and transport links. Further investment could enhance its appeal and long-term value, building on its existing role as an income-producing residential property.

Whether you are an experienced investor or looking to embark on your first property venture, this opportunity combines substantial rental income with the potential to improve and develop the property over time.

In summary, this property on Tulketh Crescent is not just a building; it is a canvas for potential, waiting for the right owner to unlock its full capabilities. Whether you are an experienced investor or looking to embark on your first property venture, this opportunity should not be overlooked.

Brochures

Tulketh Crescent, Preston
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.
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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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Tulketh Crescent, Preston

Approximate location

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Affordability

Monthly repayments£3,523
Property: £ 725,000
Deposit: £ 72,500
Interest rate: 5.05%
Term: 30 years
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Extension potential
Recently sold & under offer
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About Jones Cameron Estate Agents, Preston

86 Plungington Road Preston PR1 7RA
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

Jones Cameron is a family run Estate Agents with over 30 years of combined experience in the property industry. Our team are professional, experienced and knowledgable in all aspects of estate agency.

Our success has been built on good customer service provided by our highly motivated sales team, taking our customers through the whole process from marketing to a successful sale.

Jones Cameron can offer our customers the complete package, from arranging professional property valuations, help in arranging your mortgage, life cover and property insurance.

If you would like to find out more of what Jones Cameron can offer you, please contact one of our friendly, experienced team on 01772 888887

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Disclaimer - Property reference 34651554. 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 Jones Cameron Estate Agents, 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.

*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.