4 Bed HMO, Preston, PR2 2QH, £156,797

4 Pedder Street, Preston, Lancashire, PR2 2QH - 5 views - 10 months ago

HMO
ROI: 10%
~129 m²
+2 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (26%)

£40,816

Stamp Duty & Legal Fees

£6,098

Total Cash In

£46,914

 

 

Cash Out

 

Room Rate

£417

Gross Rent

£1,667

Running Costs/mo

£1,288

Cashflow/mo

£379

Cashflow/yr

£4,548

ROI

10%

Gross Yield

12%













Property History

Price changed to £156,797

March 20, 2025

Price changed to £159,997

February 4, 2025

Listed for £163,263

June 3, 2024

Sold for £95,000

2007

Floor Plans

Description

  • Student HMO +
  • Four Bedrooms +
  • Rent C.£20K Per Annum +
  • Fully-Furnished +
  • Close To UCLAN +

The Property
Fantastic Investment Opportunity! 

4 Bed Student HMO (15+ years)

2MINS to UCLan

Rent c.£20k per annum

Comes Fully-Furnished

We are delighted to offer this 4 Bedroom Student House so close to UCLan campus!

The property comprises of inviting hallway leading to good-size Bed 1, spacious communal lounge to fitted kitchen which includes fridge, washer/dryer, dishwasher and microwave.  The lounge comprises of sofas complete with dining table and chairs.  On the ground floor the one double bedroom consisting of bed, wardrobe/drawers, study desk and chair. There is a basement cellar for white goods etc. and good size rear yard for bin storage.

On the first floor there are further three bedrooms again all consisting of beds, wardrobes/drawers, study desk with chair.  There is a four piece bathroom complete with roll-top bath & shower and a separate w/c.

Viewing is strictly on an appointment basis. 

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Preston

020 3834 8192

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.