12 bedroom property for sale

TO BE SOLD BY ONLINE AUCTION ON 10TH SEPTEMBER 2025 UNLESS SOLD PRIOR UNDER AUCTION TERMS507 Blackpool Road, Ashton-on-Ribble, Preston, PR2 1EQAn exceptional investment opportunity offering a fully licensed 12-bedroom HMO in the sought-after Ashton-on-Ribble area of Preston. The property is fully tenanted by working professionals and generates a strong monthly rental income of £8,485, equating to an annual income of £101,820.Each of the 12 bedrooms benefits from an en-suite bathroom, and the property has been refurbished to a high standard throughout, providing a modern and attractive living environment for tenants. Off-street parking is also available to the front of the property, adding further tenant appeal.A proposed rent review presents the opportunity to increase the annual rental income by a further £7,000, enhancing what is already a high-yield, turn-key investment. This is a rare chance to acquire a well-performing, income-generating HMO in a popular and well-connected rental location.The property is well located just 1 mile from Preston City Centre, with easy access to shops, amenities and public transport. Preston Train Station is an 8-minute drive, The Royal Preston Hospital is 10 minutes away, and the University of Central Lancashire can be reached in under 5 minutes, making it an attractive area for both professionals and students.A fully tenanted, licensed 12-bed HMO generating over £100,000 per year, with scope to increase further. Well maintained, income-producing and ready to go. Ideal for investors looking for a strong return in a proven rental location.Please note: The photographs used have been provided by the seller and were taken approximately 4 years ago. However, we have received confirmation that the property has been well maintained and continues to present to a similar standard, with ongoing management by the current agent and respectful long-term tenants in place.