Summary - 65, FISHERGATE PR1 8BJ
9 bed 9 bath Block of Apartments
**Standout Features:**
- **Type:** HMO property (Block of Apartments)
- **Size:** Approximately 2,509 sq ft with 12 rooms
- **Rental Income:** Currently generating **£45,600 annually**, secured until **2029**
- **Bedrooms/Bathrooms:** 9 self-contained units, each with private bathroom
- **Location:** Prime position in Preston City Centre, near shops, amenities, and public transport
- **Condition:** Original Victorian features; needs modernization
- **Lease:** 6 years remaining on the lease; potential mortgage issues due to lease length
Investors will find this spacious end-terrace property in Preston City Centre a compelling opportunity. Currently producing an impressive **annual income of £45,600**, this HMO comprises **9 self-contained flats**, each hosting a bedroom, kitchen, and bathroom. With a lease that spans until **2029**, this income is guaranteed, making it an ideal long-term investment in a bustling cosmopolitan student neighborhood.
The property features charming Victorian architecture, including high ceilings and large rooms that can easily attract tenants looking for comfort and community. While the building would benefit from modernization, the current state allows for customization, giving you the potential to increase property value over time. Located just a short walk from Preston train station and an abundance of local amenities, this property ticks all boxes for accessibility and convenience.
However, potential buyers should note the remaining 6-year lease, which may impact mortgage options. The current landlord has a long-term lease with a housing support company, ensuring a steady income stream. Given its prime position and rental potential, this property is attracting considerable interest—viewing is highly recommended to avoid missing out on this exceptional investment opportunity.
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