2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (130 years remaining)
- 2 Double Bedrooms
- Parking Space Included
- Tenant In Situ
- Current Rental Income £700pcm, Yield Of 6.72%
- Open Plan Living Space
- 4 Piece Bathroom Suite
INVESTMENT PROPERTY - INVESTORS ONLY
Pure Investor brings to the market this 2 bedroom, ground floor apartment in Fulwood, Preston. The apartment is situated in a quiet residential estate with a mixture of terraced, semi-detached and detached properties along with a smaller selection of apartments. The apartment itself has been kept in an excellent condition by the current tenant who is on a 12 months contract with the first 6 months being paid upfront. The apartment consists of entrance hallway leading to all rooms, there are two double carpeted bedrooms with windows in both looking out to the front, a family bathroom with a four piece bath suit, including separate bath and walk in shower, the main living space is a large open plan kitchen, dining and living room, the kitchen and dining space is has lino flooring with the living room space being fully carpeted, the kitchen space includes integrated cooker, hob and extractor and space for a fridge, freezer and washing machine.
Investment Information
Full Address: 72 Ladybank Avenue, Fulwood, Preston PR2 9LY
Asking Price: £120,000
Property Type: 2 bedroom, 1 bathroom, ground floor apartment
Current Rental Income: £700pcm (£161.53 per week)
Annual Income: £8,400
Gross Yield: 7.0%
Service Charge: £1,100 per annum
Ground Rent: £150 per annum
Net Yield: 6.0%
Current Letting Agent Charges: 10%
Current Tenant Move In Date: 13th November 2023
Length Of Tenancy: 12 months
Tenure: Leasehold (130 years remaining)
Parking Space: 1 designated marked space
New Boiler Installed November 2023
Places of interest
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Property reference 72Ladybank. 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 Pure Investor - Pure investor.
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Broadband availability and predicted speed: obtained from Ofcom on December 21, 2021
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 December 23, 2021
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 20, 2019 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.
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