9 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
Click Estate Agents are pleased to offer for sale this HMO (House in Multiple Occupation) property, located in close proximity to Preston City Centre, UCLAN (University of Central Lancashire), and Preston Railway Station. This HMO property offers a variety of accommodation options to cater to the needs of its residents.
Rental Income: The property generates a rental income of £48,000 per year. This income is consistent and provides financial stability for the property owner.
Lease Agreement: The HMO property is currently leased out to a housing association with a renewable lease term of 6 years remaining. This means that the housing association has committed to renting the property for the specified duration, and the lease can potentially be renewed at the end of this period.
Property Overview:
Location: The HMO is strategically located near Preston City Centre, making it convenient for residents to access the city's amenities, shops, restaurants, and entertainment options. Its proximity to UCLAN is ideal for students, faculty, and staff.
Proximity to Transport: The property is also conveniently close to the City Centre, Preston Railway Station, Public Transport Links and the Motorway Network, facilitating easy travel.
Accommodation Units:
1. One-Bedroom Flats (4 Units): These self-contained one-bedroom flats provide private living spaces for individuals or couples. Each flat typically includes a bedroom, a living area, a kitchen, and a bathroom, offering a high level of privacy and independence.
2. Apartments with shared Kitchens (3 Units): These apartments feature multiple bedrooms, and a shared kitchen area. Residents in these apartments have the benefit of more communal living, while still enjoying some privacy within their bedrooms and bathrooms.
3. Apartments with shared kitchens (2 Units): These apartments have multiple bedrooms, each apartment shares a common kitchen facility. This setup encourages interaction among residents, fostering a sense of community within the property.
Bathroom Facilities: Each accommodation unit, whether it's a one-bedroom flat or an apartment, includes its own bathroom facilities. This ensures that residents have the convenience of private bathrooms
Having a long-term lease with a housing association can be advantageous for property owners, as it provides a stable and guaranteed rental income for an extended period. Here's a summary of the key details:
Stability: Long-term lease agreements like this one offer stability and predictability in terms of rental income. Property owners can rely on this income stream for the duration of the lease.
Renewable Lease: The fact that the lease is renewable means that there is an opportunity to extend the rental agreement beyond the initial 6-year term if both parties, the property owner and the housing association, agree to do so. This can provide even more financial security for the property owner.
Tenant Profile: Housing associations often provide housing for specific groups of people, including individuals and families in need of affordable housing. Understanding the tenant profile can help property owners better align their property management and maintenance.
Income Potential: In addition to the current rental income, the property owner may also consider the potential for rental income growth in the future, whether through lease renewals or adjustments in rental rates.
Overall, this HMO property with a stable long-term lease and rental income represents a secure and potentially lucrative investment opportunity for the property owner.
Viewings are strictly by appointment.
Rooms
Entrance Hallway
Composite front door leading the hallway.<br />Laminate flooring.<br />Radiator.<br />Carpeted staircase to upper floors.<br />Ceiling lights.<br />
Flat One
Situated on the ground floor.<br /><br />RECEPTION<br />Laminate flooring.<br />PVC double glazed window to front elevation.<br />Radiator.<br />TV Point.<br />Electric sockets.<br />Ceiling lights.<br /><br />BEDROOM<br />Double bedroom.<br />Laminate flooring.<br />PVC double glazed window to rear elevation.<br />Electric sockets.<br />Ceiling lights.<br /><br />ENSUITE BATHROOM<br />Half tiled walls.<br />Tiled Floor.<br />Shower cubicle.<br />WC.<br />Sink.<br />Ceiling lights.<br /><br />SEPARATE KITCHEN<br />Laminate flooring.<br />Base units.<br />Radiator.<br />Washer drier.<br />Electric cooker.<br />Fridge freezer.<br />PVC double glazed window to side elevation.<br />Ceiling lights.
Flat Two
Situated on the ground floor.<br /><br />BEDROOM<br />Laminate flooring.<br />Radiator.<br />PVC double glazed window to front elevation.<br />Electric sockets.<br />Ceiling lights.<br /><br />ENSUITE BATHROOM<br />Shower cubicle.<br />WC.<br />Sink.<br />Tiled walls.<br />Tiled floor.<br />Ceiling lights.<br /><br />SEPARATE KITCHEN<br />Laminate flooring.<br />Radiator.<br />PVC double glazed window to side elevation.<br />Base units.<br />Electric cooker.<br />Fridge freezer.<br />Ceiling lights.<br />Electric sockets.
First Floor Landing
Flat Three
Situated on the first floor<br /><br />Corridor<br /><br />BEDROOM<br />Laminate flooring.<br />PVC double glazed window to front elevation.<br />Electric sockets.<br />Ceiling lights.<br />Radiator.<br /><br />BATHROOM<br />Shower cubicle.<br />WC.<br />Sink.<br />Tiled walls.<br />Tiled floor.<br />Ceiling lights.<br /><br />KITCHEN<br />Laminate flooring.<br />Base units.<br />Electric cooker.<br />Fridge freezer.<br />Washing machine.<br />PVC double glazed window to rear elevation.<br />Ceiling lights.<br />Electric sockets.<br />
Room Four
Situated on the first floor<br /><br />Corridor<br /><br />BEDROOM<br />Laminate flooring.<br />PVC double glazed window to front elevation<br />Electric sockets<br />Ceiling lights<br />Radiator<br /><br />ENSUITE BATHROOM<br />Shower cubicle.<br />WC.<br />Sink.<br />Tiled walls.<br />Tiled floor.<br />Ceiling lights.
Room Five
Situated on the first floor<br /><br />Corridor<br /><br />BEDROOM<br />Laminate flooring.<br />PVC double glazed window to front elevation.<br />Electric sockets.<br />Ceiling lights.<br />Radiator.<br /><br />ENSUITE BATHROOM<br />Shower cubicle.<br />WC.<br />Sink.<br />Tiled walls.<br />Tiled floor.<br />Ceiling lights.
Room Five A
Situated on the first floor<br /><br />Corridor<br /><br />BEDROOM<br />Laminate flooring.<br />PVC double glazed window to front elevation.<br />Electric sockets.<br />Ceiling lights.<br />Radiator.<br /><br />ENSUITE BATHROOM<br />Shower cubicle.<br />WC.<br />Sink.<br />Tiled walls.<br />Tiled floor.<br />Ceiling lights.
Kitchen shared by room Four, Five and Five A
KITCHEN SHARED BY ROOM FOUR, ROOM FIVE AND FIVE A<br /><br />Situated on the first floor.<br /><br />Vinyl flooring.<br />Radiator.<br />PVC double glazed window to side elevation.<br />Base units.<br />Electric cooker.<br />Fridge freezer.<br />washing machine.<br />Electric sockets.<br />Ceiling lights.
FLAT SIX
Situated on the first floor.<br /><br />RECEPTION<br />Laminate flooring.<br />PVC double glazed window to front elevation.<br />Radiator.<br />TV Point.<br />Electric sockets.<br />Ceiling lights.<br /><br />KITCHEN<br />Laminate flooring.<br />Base units.<br />Radiator.<br />Washer drier.<br />Electric cooker.<br />Fridge freezer.<br />PVC double glazed window to side elevation.<br />Ceiling lights.<br /><br /><br />BEDROOM<br />Double bedroom.<br />Laminate flooring.<br />PVC double glazed window to rear elevation.<br />Electric sockets.<br />Ceiling lights.<br /><br />ENSUITE BATHROOM<br />Half tiled walls.<br />Tiled Floor.<br />Shower cubicle.<br />WC.<br />Sink.<br />Ceiling lights.<br />
Second Floor Landing
Communal Space for Room 7A and 7B
ROOM SEVEN A
Situated on the second floor.<br /><br />Corridor<br /><br />BEDROOM<br />Double bedroom.<br />Laminate flooring.<br />Dormer window<br />Electric sockets.<br />Ceiling lights.<br /><br />ENSUITE BATHROOM<br />Half tiled walls.<br />Tiled Floor.<br />Shower cubicle.<br />WC.<br />Sink.<br />Ceiling lights.
ROOM 7B
Situated on the second floor.<br /><br />Corridor <br /><br />BEDROOM<br />Double bedroom.<br />Laminate flooring.<br />Dormer window.<br />Electric sockets.<br />Ceiling lights.<br /><br />ENSUITE BATHROOM<br />Half tiled walls.<br />Tiled Floor.<br />Shower cubicle.<br />WC.<br />Sink.<br />Ceiling lights.
Kitchen shared by Room 7A and 7B
KITCHEN SHARED BY ROOM 7A AND 7B<br /><br />Situated on the second floor.<br /><br />Laminate flooring.<br />Base units.<br />Radiator.<br />Washer drier.<br />Electric cooker.<br />Fridge freezer.<br />Dormer window.<br />Ceiling lights.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 26803703. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Click Estate Agents - Fulwood.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on November 4, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on November 4, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on November 15, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.