Summary - Garstang Road, Preston, PR1 PR1 1AL
1 bed 1 bath Flat
**Standout Features:**
- 1-bedroom studio flat, approx. 22m²
- Secure entry and fully managed building
- Rented annually with high demand among students
- Includes communal amenities: roof terrace, gym, cinema room, lounges, laundrette
- Excellent rental yield: 10.8%
- Ground rent/service charge coverage: £3377.80
- Leasehold tenure with 119 years remaining
**Summary:**
Explore this exceptional investment opportunity in the vibrant student community of Preston. This well-designed studio flat, situated within walking distance of the university, boasts a high rental demand, evident from its consistent occupancy and waiting lists for similar units. The flat features a cozy kitchenette and a shower room, complemented by access to fabulous communal spaces, including a scenic roof terrace, entertainment area, gym, and study rooms.
With an estimated gross rental income of £7,592 for the upcoming academic year and a robust net yield of 6.02%, this property is perfect for first-time investors looking to gain a foothold in the lucrative rental market. However, potential buyers should be mindful of the area's high crime rate and slow broadband speeds—important factors to consider in your investment decision. Seize the chance to own a piece of Preston's thriving student accommodation scene; this opportunity won't last long!
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