Summary - 46 CRESWELL AVENUE INGOL PRESTON PR2 3YA
3 bed 2 bath Terraced
Freehold mid-terrace with income and refurbishment potential for investors.
Long-term tenant in situ generating £9,300 gross pa
A straightforward buy-to-let in Preston, offered with a long-term tenant in situ and producing a current gross annual income of £9,300. The property is a mid-terrace two-storey home on a small plot, sold freehold and positioned close to local amenities and schools.
Internally the layout provides three bedrooms, living/dining space, a fitted kitchen and a three-piece bathroom with separate WC. The house is habitable for rental use but requires cosmetic modernisation and updating to maximise rental value and capital growth.
This is a clear acquisition for investors or developers seeking an income-producing asset with repositioning potential. Note the local area is classified as very deprived with higher crime levels; these factors can affect tenant demand, insurance and finance options. Viewing of the Let Property Pack and a full inspection are recommended to confirm condition, tenancy terms and projected returns.
Key selling points are the existing income stream and freehold tenure. Drawbacks to factor into assessment are the small plot, required refurbishment works, on-street parking only, and neighbourhood deprivation which may influence long-term capital performance and management costs.
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