**Standout Features:**
- Fully renovated 12-bedroom HMO with en-suite bathrooms
- Generates a substantial rental income of approximately £101,820 annually
- Ideal location near hospitals, a train station, and the University of Central Lancashire
- Off-street parking and modern amenities
**Potential Concerns:**
- Average crime rate in the area
- Property maintenance needs ongoing oversight
Feel like a savvy investor with this exceptional opportunity at 507 Blackpool Road, Ashton-on-Ribble, Preston (PR2 1EQ), going to auction on 10th September 2025. This meticulously refurbished, fully tenanted 12-bedroom House of Multiple Occupation (HMO) offers a lucrative annual rental income of over £100,000, appealing to both professionals and students, thanks to its prime location just a mile from Preston City Centre. Each bedroom boasts an en-suite bathroom, ensuring comfort and privacy for tenants, while the property's recent renovations present a modern aesthetic.
Nestled in a sought-after community with easy access to essential amenities, including hospitals and educational institutions, this turn-key investment not only promises stable cash flow but also presents potential for rental growth. With a proposed rent review indicating possible income enhancement of an additional £7,000 annually, the investment appeal is further fortified.
Despite a noted average crime rate, the area remains affluent and well-connected, making it an attractive proposition for first-time buyers or seasoned investors looking to capitalize on the robust rental market. Act quickly—this high-yield opportunity in an ideal location won't last long!
