50 Balfour Road, Preston

Pure Investor is delighted to bring this large 3-bedroom mid-terraced property in Preston to the market. The property has 3 bedrooms with the master being particularly large, 2 family bathrooms, living room, dining room and galley kitchen to the rear. There is currently a tenant in situ who has been in the property since April 2023 and has indicated she would like to continue renting the property once sold.
PROPERTY INFORMATION

• FULL ADDRESS: 50 Balfour Road, Preston PR2 3BY
• Property type: Mid terraced
• Bedrooms: 3
• Bathrooms: 2
• Living room and dining room
• Galley Kitchen
• Loft is boarded so could be converted into another bedroom
• On street parking
• EPC rating: D

INVESTMENT INFORMATION

• Offers over £147,000.00
• Current rental: £785.00pcm
• Gross rental income: £9,420.00 per annum
• Freehold
• 12-month tenancy
• Current tenant moved in April 2023
• Yield: 6.4%
• Letting is currently managed by Highgate Homes, Preston
• 10% monthly management fee

Reasons to invest in Preston:

• Economic Growth: Preston has seen significant growth in its economy, with new businesses and industries establishing roots in the area.
• Housing Market: The housing market in Preston has been growing steadily, making it an attractive location for real estate investment.
• Transport Links: Preston is well connected by road, rail, and air, making it an attractive location for businesses and commuters alike.
• Education: Preston is home to several renowned educational institutions, attracting students and contributing to the growth of the local economy.
• Government Investment: The government has been investing heavily in the infrastructure of Preston, further contributing to its growth and making it an attractive investment opportunity.

Local Primary/Secondary Schools & Universities:

• Primary Schools: St Joseph's Catholic Primary School, Savick Primary School, Deepdale Community Primary School, Goosnargh OliversonPrimary School, Brookfield Community Primary School, Ribbleton Avenue Primary School.
• Secondary Schools: Archbishop Temple School, Preston Muslim Girls High School, St Cecilias Catholic High ScHool, Corpus Christi Catholic High School, Ribblesdale High School.
• Colleges: Preston College, University of Central Lancashire, Myerscough College, Nelson and Colne College.

Transport Information:

• Preston, PR2 3BX is located in the North West of England. The nearest major airport to this location is Manchester Airport, which is approximately 35 miles away.
• For public transportation, the nearest railway station is Preston Station, which is located about 3 miles away from PR2 3BX. The station offers direct trains to Manchester, Blackpool, and London. Additionally, there are several bus stops near PR2 3BX, providing local and regional bus services.