This substantial property on Garstang Road offers a rare investment opportunity in one of Preston’s most convenient and well-connected locations.
The property sits proudly behind a large front garden, set back from the main road. On entry, a welcoming hallway provides access to the ground floor accommodation. Flat one is located to the right and offers a distinctive layout over two levels. The reception and kitchen space is on the ground floor, while a short staircase leads up spacious bedroom, complete with its own bathroom. Flat two is situated on the opposite side of the hallway and features a generous living space with the added benefit of a private storage room, accessible directly from the bedroom, providing extra practicality for long-term tenants. Beyond the main hallway and staircase, there is access to the cellar, offering additional storage potential, as well as a small utility area that leads out to the rear yard. The first floor is home to flat three, a well-proportioned one-bedroom apartment, while the top floor of the property houses flat four. Each flat is fully self-contained, with kitchen and bathroom facilities, and is currently let at £750.00PCM.
The location further enhances the appeal of this property. Situated on the ever-popular Garstang Road, it benefits from excellent transport links into Preston City Centre and easy access to the Royal Preston Hospital, making it an attractive prospect for both professionals and long-term tenants.
With four established tenancies already in place, a prominent position on one of Preston’s key routes, and the added bonus of a substantial front garden, this property presents a ready-made, income-generating investment opportunity that is both secure and rewarding.
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The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is 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.
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