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 2035
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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
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.”
Ricky
Buy-to-let investor
“Set up two companies so far to manage two properties via get ground. Very smooth process and have also had the first years accounts done too. Very simple process so far. Great for managing my small property portfolio.”
Shivraj
Buy-to-let investor
“Technical support and the guidance the team provides are simply the best !! The team is quick to respond to your queries and regular follow-ups ensure the matters are resolved to satisfaction. I highly recommend Getground to anyone who has property in the UK and wants the best support.”
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