Bishopgate Gardens, Bishopgate, Preston, Lancashire
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
425 sq ft
39 sq m
Key features
- Fully tenanted investment generating £825 PCM (£9,900 annually)
- 9.0% gross rental yield based on the asking price
- Modern one-bedroom apartment in Preston City Centre
- 425 sq ft of contemporary living accommodation
- 24/7 on-site concierge and reception
- Rooftop terrace, co-working lounge and communal resident facilities
- Walking distance to Preston Train Station and UCLan
- Built by established developer The Heaton Group
Description
An excellent turnkey investment opportunity in the heart of Preston City Centre. This modern one-bedroom apartment is situated within the sought-after Bishopgate Gardens development and is being offered fully tenanted, providing rental income from completion, subject to the existing tenancy.
Currently achieving £825 per calendar month (£9,900 per annum), the property offers an attractive 9.0% gross rental yield based on the asking price of £110,000.
Built by The Heaton Group, Bishopgate Gardens combines contemporary city-centre living with a range of premium resident facilities, making it an appealing option for tenants seeking convenience and lifestyle amenities.
The apartment extends to approximately 425 sq ft and comprises an entrance hallway with built-in utility and storage space, an open-plan lounge and kitchen with contemporary fitted units and integrated appliances, a well-proportioned double bedroom and a modern three-piece bathroom with overhead shower.
Residents also benefit from a range of communal facilities, including a 24/7 concierge and reception, landscaped rooftop terrace with panoramic city views, co-working lounge, communal areas and an on-site coffee shop, Brew + Bake. The development also benefits from secure entry systems, keycard lift access and CCTV.
A CENTRAL LOCATION WITH STRONG INVESTMENT APPEAL
Positioned in the heart of Preston City Centre, Bishopgate Gardens benefits from close proximity to a range of local amenities, employment hubs, restaurants, shops and transport links.
Preston Train Station is within walking distance, providing direct rail connections to major UK cities, including Manchester, Liverpool and London. The apartment is also conveniently located for the University of Central Lancashire (UCLan), supporting demand from students, professionals and those working within the city.
Preston continues to benefit from significant regeneration and investment, including the £434m Preston, South Ribble and Lancashire City Deal, which is supporting improvements to infrastructure, connectivity and economic growth across the area.
With its central location, established amenities and ongoing regeneration, Preston offers investors an opportunity to access a well-connected regional city with established rental demand.
WHY INVESTORS SHOULD TAKE NOTICE
• £110,000 asking price
• £825 PCM current rental income
• £9,900 annual rental income
• 9.0% gross rental yield
• Sold fully tenanted, providing income from completion, subject to the existing tenancy
• Modern construction by The Heaton Group
• 24/7 concierge and premium resident facilities
• Walking distance to Preston Train Station and UCLan
• Located within Preston City Centre, benefiting from ongoing regeneration and infrastructure investment
- 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: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Terrace
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ground floor,Lift access
Energy performance certificate - ask agent
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Affordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference ResalePr. 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 TK Property Group Ltd, Covering 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.