Summary - FLAT 6, 69-71 RIBBLE BANK STREET, PRESTON PR1 8AH
2 bed 1 bath Flat
**Standout Features:**
- Two spacious double bedrooms, adaptable as a study or nursery
- Modern kitchen equipped with built-in appliances and ample storage
- Currently tenanted, generating a rental income of £450 PCM
- Generous leasehold with 108 years remaining
- Located near Preston City Centre and close to local amenities and transport links
**Potential Concerns:**
- High crime rate in the area
- Service charges of £2,530.32 annually
- Leasehold property with average ground rent of £500
This charming flat offers a fantastic investment opportunity with consistent rental income and proximity to key locations, including the University of Central Lancashire and Preston Train Station. With 506 square feet, this well-maintained property features a bright reception area, modern bathroom, and a compact kitchen that boasts a built-in hob, oven, and fridge-freezer. While concerns like the high crime rate and ongoing service charges are noteworthy, the property’s appeal lies in its rental potential and community atmosphere. Embrace the opportunity to own a slice of urban living that balances comfort and financial viability in a bustling area. Don't miss out on this affordable gem—ideal for investors or first-time buyers looking for a promising entry into the property market!
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