Mercer Street, Preston PR1 2 bed flat for sale

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Mercer Street, Preston PR1 2 bed flat for sale

Mercer Street, Preston PR1
£88,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
  • Investment potential detailed below (Let Property Pack)

Description

This 2-bedroom flat in Preston offers a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a spacious lounge, modern kitchen, and 2 bedrooms. Currently, it generates an annual gross income of £9540, which could be increased to £10,044 with a new owner. The property has a tenant already in situ, who has been paying rent consistently for several years and has no intention of moving out. With a potential yield of over 6%, this property presents a worthwhile addition to an investor's portfolio.