Summary - DERWENT HOUSE 17 SAMUEL STREET PRESTON PR1 4YL
3 bed 1 bath Flat
Low‑cost buy‑to‑let with immediate rental income and refurbishment potential.
Long‑term tenant in situ producing £7,488 gross annually
Asking price £45,000 — low entry cost for investors
Leasehold tenure; review lease terms and ground rent
861 sq ft; three bedrooms, large kitchen, one bathroom
Area flagged as very deprived with high local crime rates
Internal décor dated; some cosmetic updating likely required
Excellent mobile signal and fast broadband connectivity
Buyers’ premium applies; tenancy pack available for review
This three‑bedroom flat in Derwent House, Samuel Street, is offered as a buy‑to‑let investment with a long‑term tenant already in situ. The property produces an annual gross income of £7,488 against a guide price of £45,000, presenting clear income potential for investors seeking an immediate return.
The apartment provides a spacious lounge, large kitchen and one bathroom across approximately 861 sq ft. The building is described as a mid‑20th century modern block with a neutral exterior; internal décor is dated in places but functional. Connectivity is strong with excellent mobile signal and fast broadband — useful for tenant demand and low void risk.
Important considerations: the property is leasehold, located in a very deprived area with high local crime rates, and requires some cosmetic updating. The current tenants intend to remain long term, so vacant possession is not guaranteed. A buyers’ premium applies to secure purchase, and prospective purchasers should review the Let Property Pack for full tenancy details and legal information.
For the right investor this is a low‑cost, cashflow‑led opportunity in a city location. Expect a hands‑on approach to management and possible refurbishment if aiming to increase capital value or broaden tenant appeal.
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