2 bed flat for sale

Derwent House, Samuel Street, Preston, Lancashire PR1

Excellent Investment Opportunity – 2-Bedroom Apartment with Long-Term Tenants in Place
Derwent House, Samuel Street, Preston, PR1

Offers in the region of £46,000

Ruby Estates are delighted to present this fantastic investment opportunity – a well-maintained two-bedroom apartment at Derwent House, Samuel Street, Preston, ideally located within easy reach of Preston City Centre, Preston Train Station, local shops, amenities, and Moor Park.

What makes this property particularly attractive is that it is being sold with excellent long-term tenants already in occupation. The tenants have a proven track record of paying rent consistently and on time and have maintained the property in outstanding condition, as clearly shown in the photographs. We also hold regular inspection reports, giving additional peace of mind to any prospective investor.

Property Features
Two well-proportioned bedrooms

Spacious living accommodation

Fitted kitchen

Double glazing

Private balcony

Allocated parking space

Convenient city-centre location

Lease & Charges
Long leasehold: 125 years from 1 July 1986

Service charge: £1,200 per annum

Ground rent: £10 per annum

Strong Rental Return
The property currently achieves £550 per calendar month (£6,600 per annum).

Based on the asking price of £46,000, this represents a gross rental yield of approximately 14.35%, making it an exceptionally attractive addition to a property portfolio.

Why This Property Stands Out
Immediate rental income from day one

Reliable long-term tenants in place

Property kept in excellent condition

Documented inspection history

Very strong gross yield of 14.35%

Affordable entry price for investors

Whether you are an experienced landlord looking to expand your portfolio or a first-time investor seeking a high-yield, low-hassle investment, this apartment offers a rare opportunity to acquire a property with stable income, excellent tenants, and strong returns in a popular Preston location.

Early viewing is highly recommended.

Contact Ruby Estates today for further information or to arrange a viewing

***Please call us today to arrange a viewing***

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one months rent is required. Rent is to be paid one month in advance. It is the tenants responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in every case.