Summary - 43, Lovat Road PR1 6DQ
2 bed 1 bath Flat
**Standout Features:**
- Converted end-terrace property consisting of 2 self-contained flats.
- Currently generating a total gross rental income of £1,600 per month, sold with tenants in situ.
- Well-located in a high-demand rental area, walking distance to the city center.
- Freehold tenure with no chain delay, allowing for an easy transaction process.
- Double-glazed windows and gas heating, with independent thermostats for each flat.
- Shared utilities for gas, electricity, and water with flat-rate payments from tenants.
- Overall spacious layout, totaling 1,178 square feet.
**Summary:**
This converted end-terrace property presents an exceptional opportunity for investors, featuring two self-contained flats that are already generating a steady rental income of £1,600 per month. Located in PR1 6DQ—a cosmopolitan student neighborhood—this property is just a short walk from the city center, ensuring high demand and potential for growth. Each flat is equipped with double glazing and gas central heating, with separate thermostats, offering tenants comfort and control over their living environment.
The ground-floor flat includes a welcoming living room, a cozy kitchen with a breakfast area, one bedroom, and a convenient rear yard, while the first-floor flat boasts an open-plan kitchen and living area, along with two well-sized bedrooms and a family bathroom. Both flats are currently occupied under assured shorthold tenancies, meaning you can start earning income immediately upon acquisition.
Although the property has great rental appeal, potential buyers should be aware of the high local crime rates and the lack of insulation in cavity walls. Additionally, being constructed between 1930 and 1949, some renovation or updates could be considered over time. This chain-free property with excellent foundational rental income is ideal for savvy investors looking to enter or expand their portfolio in a competitive market. Act quickly—opportunities like this won’t last long!
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