*Price Reduction* A stunning two double bedroom apartment within the Leicester Court complex.
The property is situated in the heart of Preston City Centre, close to local amenities and transport facilities, but more importantly walking distance to UCLAN which is literally a stones throw away.
A Popular purpose built accommodation known for the rental investment market due to its location and size of apartments.
The property which has the benefit of economic electric heating and comprises a large open plan lounge/kitchen, master bedroom, a double size second bedroom, three piece bathroom and balcony.
The property is un furnished and also comes double glazed windows and heating.
INVESTOR INFORMATION
The current rental income is £850pcm. However, with the currently strong rental demand in Preston's city centre, it would be achievable to obtain an minimum of £900pcm.
For an investor it provides a yield of approx. above 8%
The property is currently rented on an AST contract with tenant in situ.
Monthly Managed By Kingswood
rental income approx. £10200 per annum
Service charge 2022:approx £1200 per annum TBC
Ground rent 2022:approx £160 per annum TBC
Car park space: one available we have been informed
Lease remaining 111 TBC
EPC band: B
Council Tax Band: A
Hallway Hallway benefits from attractive laminate flooring, painted walls and central ceiling lights.
Open Plan Lounge and Kitchen Spacious open plan living and kitchen area with painted walls, central ceiling lights, laminate flooring, double glazed upvc door leading out to the balcony and electric wall heaters. Kitchen area has vinyl flooring, wall and base units, laminate work top, upstands, under unit lighting, breakfast style worktop, built in appliance fridge freezer, hob, oven, washing machine, extractor fan, stainless steel sink, spot lighting and radiator.
Bedroom One central ceiling light, painted walls, double glazed window with blinds, carpets and radiator.
Bedroom Two central ceiling light, painted walls, double glazed window with blinds, carpets and radiator.
Bathroom The modern three piece bathroom suite includes WC, sink and bath with shower over. The room has part-tiled elevations with a vinyl floor, and also contains a heated chrome towel rail to the side wall.
Disclaimer These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Kingswood Sales & Lettings - Head Office. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Kingswood Sales & Lettings - Head Office for full details and further information.