Summary - Flat 5, Lunar House, 5 Lune Street, PRESTON PR1 2NL
1 bed 1 bath Flat
**Standout Features:**
- **Investment Opportunity:** Tenant in situ with annual income of £6,240
- **Location:** Central Preston, minutes from amenities, train station, and UCLan
- **Modern Design:** Well-designed studio with modern bathroom, contemporary kitchen
- **Heating & Insulation:** Double glazing and electric heating enhance comfort
- **Affordability:** Low entry price at £47,500 with minimal ground rent of £200
**Potential Concerns:**
- **Area Crime Rate:** Very high crime rate may be a consideration
- **Average Broadband Speeds:** Connectivity may be less than ideal for some users
- **Maintenance Costs:** Service charge of £1,280 annually
Located in a vibrant cosmopolitan neighborhood, this modern studio apartment offers an incredible investment opportunity. With a reliable tenant already in place, generating a yearly income of £6,240, it’s perfect for investors seeking a low-maintenance asset. The apartment features a compact yet functional layout, inclusive of a modern kitchen and shower room, wrapped in contemporary finishes. Living in the heart of Preston provides easy access to a plethora of dining, shopping, and cultural experiences, appealing to both students and commuters.
However, prospective buyers should weigh the very high local crime rate and average broadband connectivity against the property’s appeal. Priced attractively at £47,500, with low ongoing costs and incredible rental income potential, this property won’t last long on the market. Don't miss your chance to own a piece of this bustling city.
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