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.
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