£400,000

9 bed block of flats for sale

  1. Property photo 1 of 50.
  2. Property photo 2 of 50.
  3. Property photo 3 of 50.

Offers over

£400,000

9 bed block of flats for sale

Brieryfield Road, Preston PR1

9 beds
9 baths
5 receptions

Key Information

Tenure:
Council tax band:

Local area information

Property location

Nearby amenities

  • The Birches (SEN) 0.5 miles
  • Lime Meadows (SEN) 0.5 miles
  • Preston (Lancs) 0.5 miles
  • Lostock Hall 2.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

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.

Entrance Hallway
Composite front door leading the hallway.
Laminate flooring.
Radiator.
Carpeted staircase to upper floors.
Ceiling lights.

Flat One
Situated on the ground floor.
Reception

Laminate flooring.
PVC double glazed window to front elevation.
Radiator.
TV Point.
Electric sockets.
Ceiling lights.
Bedroom

Double bedroom.
Laminate flooring.
PVC double glazed window to rear elevation.
Electric sockets.
Ceiling lights.
Ensuite bathroom

Half tiled walls.
Tiled Floor.
Shower cubicle.
WC.
Sink.
Ceiling lights.
Separate kitchen

Laminate flooring.
Base units.
Radiator.
Washer drier.
Electric cooker.
Fridge freezer.
PVC double glazed window to side elevation.
Ceiling lights.

Flat Two
Situated on the ground floor.
Bedroom

Laminate flooring.
Radiator.
PVC double glazed window to front elevation.
Electric sockets.
Ceiling lights.
Ensuite bathroom

Shower cubicle.
WC.
Sink.
Tiled walls.
Tiled floor.
Ceiling lights.
Separate kitchen

Laminate flooring.
Radiator.
PVC double glazed window to side elevation.
Base units.
Electric cooker.
Fridge freezer.
Ceiling lights.
Electric sockets.

First Floor Landing

Flat Three
Situated on the first floor

Corridor
Bedroom

Laminate flooring.
PVC double glazed window to front elevation.
Electric sockets.
Ceiling lights.
Radiator.
Bathroom

Shower cubicle.
WC.
Sink.
Tiled walls.
Tiled floor.
Ceiling lights.
Kitchen

Laminate flooring.
Base units.
Electric cooker.
Fridge freezer.
Washing machine.
PVC double glazed window to rear elevation.
Ceiling lights.
Electric sockets.

Room Four
Situated on the first floor

Corridor
Bedroom

Laminate flooring.
PVC double glazed window to front elevation
Electric sockets
Ceiling lights
Radiator
Ensuite bathroom

Shower cubicle.
WC.
Sink.
Tiled walls.
Tiled floor.
Ceiling lights.

Room Five
Situated on the first floor

Corridor
Bedroom

Laminate flooring.
PVC double glazed window to front elevation.
Electric sockets.
Ceiling lights.
Radiator.
Ensuite bathroom

Shower cubicle.
WC.
Sink.
Tiled walls.
Tiled floor.
Ceiling lights.

Room Five A
Situated on the first floor

Corridor
Bedroom

Laminate flooring.
PVC double glazed window to front elevation.
Electric sockets.
Ceiling lights.
Radiator.
Ensuite bathroom

Shower cubicle.
WC.
Sink.
Tiled walls.
Tiled floor.
Ceiling lights.

Kitchen shared by room Four, Five and Five A
kitchen shared by room four, room five and five A

Situated on the first floor.

Vinyl flooring.
Radiator.
PVC double glazed window to side elevation.
Base units.
Electric cooker.
Fridge freezer.
Washing machine.
Electric sockets.
Ceiling lights.
Flat six

Situated on the first floor.
Reception

Laminate flooring.
PVC double glazed window to front elevation.
Radiator.
TV Point.
Electric sockets.
Ceiling lights.
Kitchen

Laminate flooring.
Base units.
Radiator.
Washer drier.
Electric cooker.
Fridge freezer.
PVC double glazed window to side elevation.
Ceiling lights.
Bedroom

Double bedroom.
Laminate flooring.
PVC double glazed window to rear elevation.
Electric sockets.
Ceiling lights.
Ensuite bathroom

Half tiled walls.
Tiled Floor.
Shower cubicle.
WC.
Sink.
Ceiling lights.

Second Floor Landing

Communal Space for Room 7A and 7B
Room seven A

Situated on the second floor.

Corridor
Bedroom

Double bedroom.
Laminate flooring.
Dormer window
Electric sockets.
Ceiling lights.
Ensuite bathroom

Half tiled walls.
Tiled Floor.
Shower cubicle.
WC.
Sink.
Ceiling lights.

Room 7B
Situated on the second floor.

Corridor
Bedroom

Double bedroom.
Laminate flooring.
Dormer window.
Electric sockets.
Ceiling lights.
Ensuite bathroom

Half tiled walls.
Tiled Floor.
Shower cubicle.
WC.
Sink.
Ceiling lights.

Kitchen shared by Room 7A and 7B
kitchen shared by room 7A and 7B

Situated on the second floor.

Laminate flooring.
Base units.
Radiator.
Washer drier.
Electric cooker.
Fridge freezer.
Dormer window.
Ceiling lights.

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Floor plans and tours

Floor plans (1)

Floor plan 1

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Click Estate Agents

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Property descriptions and related information displayed on this page are marketing materials provided by - Click Estate Agents. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Click Estate Agents for full details and further information.

  1. Zoopla
  2. For sale
  3. Lancashire
  4. Preston
  5. Ashton-on-Ribble
  6. Brieryfield Road

Sold house prices provided by Land Registry/Registers of Scotland. © Crown copyright 2024. Our website is completely free for you to use but we may receive a commission from some of the companies we link to on the site.

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