5 Bed HMO, Preston, PR1 1TT, £240,000

St. Ignatius Square, Preston, Lancashire, PR1 1TT - 7 views - 2 months ago

HMO
ROI: 11%
~178 m²
+6 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Room Rate

£490

Gross Rent

£2,450

Running Costs/mo

£1,809

Cashflow/mo

£641

Cashflow/yr

£7,692

ROI

11%

Gross Yield

12%













Property History

Listed for £240,000

February 6, 2025

Floor Plans

Description

  • 5 Bedrooms +
  • No Chain +
  • Tenants In Situ +
  • Great Investment Property +
  • Achieves £2450 Pcm In Total Rent +
  • Lounge +
  • Kitchen +
  • Bathroom +
  • Bathroom 2 +
  • Back Yard +

Presenting for sale a distinguished five-bedroom terraced house, neutrally decorated and in an excellent, urban location. This property offers a unique opportunity to potential investors, given its status as a HMO property.

Within the house, you will find 5 double bedrooms, a large reception room, providing a comfortable space for relaxation, a well-equipped kitchen and two full bathrooms.

The property is currently an HMO with a HMO license, sold with tenants in situ achieving £2430 pcm.

The property is situated in an area with excellent public transport links and local amenities nearby, ensuring all your day-to-day needs are within easy reach. Additionally, it is within walking distance to UCLAN, making it an ideal investment for those looking to cater to students. The presence of nearby parks also adds to the appeal, offering open green spaces for leisure and recreation.

In conclusion, this is a fantastic investment opportunity for those seeking to capitalise on the student rental market or for a large family seeking a spacious and conveniently located home. Don't miss out on this unique property, get in touch today to arrange a viewing.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

PRS250064/2

Agent Details

Reeds Rains, Preston

01772 283830

Next Steps?

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

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