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
Ho Chuen
Buy-to-let investor
“The Get ground team is always quick to respond to my queries, both of the UK and HK branches' contacts. I recommend their system and service as a BTL investor.”
Mala
Buy-to-let investor
“Very good service and easy to use for your BTL journey and the best part is you can do big transactions without any hessle. Highly recommend GetGround services to anyone want to start their BTL journey.”
Sam
Buy-to-let investor
“Without a doubt the most efficient way to purchase property via a limited company structure. The service is seamless and efficient whilst being the most cost effective in the market. The staff are always responsive and extremely knowledgable.”
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