5 Bed HMO, Preston, PR1 8SL, £325,000

10 Spa Road, Preston, Lancashire, PR1 8SL - 14 views - 7 months ago

HMO
ROI: 3%
125 m²
+7 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Room Rate

£455

Gross Rent

£2,275

Running Costs/mo

£2,063

Cashflow/mo

£212

Cashflow/yr

£2,548

ROI

3%

Gross Yield

8%













Property History

Price changed to £325,000

March 4, 2025

Price changed to £280,000

December 4, 2024

Listed for £325,000

August 22, 2024

Sold for £135,000

2015

Sold for £120,000

2003

Floor Plans

Description

  • HMO Property +
  • Ideal Investment Opportunity +
  • Shops And Amenities Nearby +
  • Close To Public Transport +
  • walking distance from Uni Campus +
  • Mid Terrace House +
  • 5 Bedrooms +
  • 1 Reception Room +
  • Luxury Modern Kitchen +
  • Rear Yard +

ATTENTION INVESTORS!! This five bedroom property is stunning and offers so much internal space. It is currently being used as an Airbnb producing a gross monthly rental income of £4500. The location is superb as Preston city centre, UCLan and Preston train station are within walking distance. Call to arrange a viewing before it sells.

As soon as you enter this property you will immediately be struck by the quality of it and the space on offer. On the ground floor there is an excellent size entrance hallway with stairs leading to the first floor, two bedrooms, a communal kitchen and lounge. The modern kitchen is a great size and leads through to the lovely communal lounge at the rear. The two bedrooms on this floor are a very good size and both of them have an en-suite.

On the first floor there is a spacious landing and three further bedrooms. All of the bedrooms of this floor are just as spacious as the bedrooms on the ground floor and all three of them benefit from an en-suite.

Externally there is a yard at the rear.

The location of this property could not be better as it has superb transport links including bus routes, shops and amenities on the doorstep. Preston city centre, UCLan and Preston train station are within walking distance making it a very popular area to live in.

This is a freehold property.

EPC rating - D

We are expecting so much interest in this brilliant long term investment so call to arrange a viewing as soon as possible to avoid missing out on it.

Please contact Kingswood.

Fulwood Office: 

77 Watling Street Road, Fulwood, Preston, PR2 8EA

Disclaimer:
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

Agent Details

Kingswood, Fulwood

01772 419787

Next Steps?

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

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