Summary - 47 JEMMETT STREET PRESTON PR1 7XJ
2 bed 1 bath Terraced
Long-term tenant in situ paying £650 pcm
A straightforward buy-to-let in central Preston, this two-bedroom Victorian terrace offers reliable rental income and renovation upside. The property is freehold and currently let long-term at £650 pcm, making it an immediate cashflow purchase for an investor. The interior includes a front reception, good-sized rear kitchen and two double bedrooms on the first floor. EPC rating D; double glazing present (install date unknown).
Externally there is a small rear yard and on-street parking. The house sits in a densely populated, well-connected area with fast broadband and excellent mobile signal; buses, shops and Preston city centre are within easy reach. Council tax band A keeps running costs low.
Material considerations are clear: the neighbourhood records high crime and is classed as very deprived, which will affect tenant profiles and long-term capital growth. The property needs some work (general upkeep and possible modernisation) and may suit an investor comfortable managing a tenancy in a tougher area.
For an investor focused on rental yield and immediate income, this mid-terrace is a practical opportunity with scope to add value through targeted improvements. Those seeking low-risk owner-occupation or a quiet neighbourhood should note the local social challenges before viewing.
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