Hazelwells says ..

Property Oracle says ..

This property on New Hall Lane, Preston, is presented as an investment opportunity comprising a ground floor retail unit and three self-contained one-bedroom flats. The listing highlights a substantial gross annual rental income of approximately £25,440.

The interior photographs showcase a modern and well-maintained interior for the flats. The finishes appear contemporary, indicating recent renovations or refurbishment. The retail unit also seems to be well-presented.

The location on New Hall Lane offers convenient access to public transport and local amenities. The proximity to several schools rated ‘Good’ by Ofsted makes it an attractive proposition for families or student rental markets. However, this is a main road therefore it could be noisy and less desirable for buyers who value peace and quiet.

The lack of information regarding the exact size of the flats and the overall plot size makes a definitive assessment of value challenging. A thorough survey would be crucial to determine the actual condition and to identify any potential maintenance needs. While the current rental income is promising, investors should always conduct due diligence on potential rental income and vacancy rates to confirm these figures. Overall, this property may represent an attractive investment opportunity but caution is recommended in terms of additional financial commitments before purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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