The Exchange Pole Street, Preston, PR1 1DX
£225,000
Financial snapshot
Your initial investment
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Estimated deposit
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Purchase fees
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Your total return by 2036
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Annual return
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Rental growth p.a.
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Cap growth p.a.
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Rental income p.c.m.
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Gross yield
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Indicative returns are based on historic data - please note past performance is not necessarily indicative of future results and actual returns may differ materially from the returns indicated here
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Area highlights
Property snapshot
Apartment
0 sq ft
2 Bedrooms
1 Bathroom
Tenure - Leasehold
Lease-length
250 years
Ground rent
£1
Service charge
£1,192.00 per year
Overview
Sq Footage TBC. This 2-bedroom apartment located in The Exchange, Preston, is listed for £225,000 with a 6.2% gross yield based on an expected annual rent of £13,800. The property is currently vacant and available for a buy-to-let strategy. It benefits from a 250-year lease, a service charge of £1,192 per annum, and a peppercorn ground rent. The property’s market rent is £1,150 per month, offering a net cashflow of £446 per month, or £5,352 annually. The apartment is well-positioned in a growing area, with easy access to local amenities and transport links.
What our customers say about us
Matt
Buy-to-let investor
“It has been great dealing with Get Ground. Having worked with them for a number of years now, they have provided a great service to our clients and I wouldn't hesitate to recommend them.”
Graham
Buy-to-let investor
“The Getground service really makes the process of setting up and running a SPV company, and associated banking, a seamless easy process all for a low monthly fee. Support has always been on hand when needed with help for accounting submission etc. Highly recommend!”
Michelle
Buy-to-let investor
“I've had a very streamlined and well supported experience starting a corporation through GetGround. I've been treated exceedingly well and couldn't be more pleased with how it has all come together. I would definitely recommend.”
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