Summary - 31, Longley Close, Fulwood PR2 9TB
1 bed 1 bath Studio
Low-price, income-producing studio near Royal Preston Hospital with strong current yield..
Allocated car parking space included
A compact ground-floor studio with allocated car parking, currently let and producing immediate rental income. The flat sits within a tidy two-storey brick block close to Royal Preston Hospital and key transport links, making it convenient for staff or commuter tenants.
This property is presented in neutral, contemporary finishes and is ready for occupation. It benefits from double glazing installed post-2002 and fast broadband/mobile signal — practical features for modern tenants. Communal grounds are modest and well-kept rather than private, and the exterior appears tidy though somewhat dated.
Investment appeal is driven by the current rent of £535 pcm and a stated yield above 10%, plus very low service charges. Important considerations include the remaining lease term (approx. 77 years 9 months as of Sep 2025) and electric storage heating, which can mean higher running costs compared with gas. The studio layout and small footprint suit a single occupant or couple rather than families.
Overall this is a straightforward buy-to-let opportunity for an investor seeking immediate income and low ongoing charges, with potential upside through targeted internal modernisation. The lease length and heating specification are material factors to weigh before purchase.
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