Purplebricks says ..

Property Oracle says ..

This four-bedroom property on Pedder Street in Preston city centre is marketed as a potential student HMO (House of Multiple Occupancy). Its proximity to the University of Central Lancashire (UCLan) is a significant advantage, making it attractive for student renters. The images reveal a property that is functional but not luxurious. The kitchen and bathroom appear dated and could benefit from modernization. The bedrooms are simply furnished, reflecting the target market. While the property’s condition is acceptable, potential buyers should be prepared for some updating or refurbishment. The lack of information regarding the property’s square footage and plot size makes a thorough assessment of value challenging. However, comparing it to similar properties listed on Pedder Street and nearby streets, the asking price appears to be within a competitive range, particularly for investors seeking rental income. The city centre location offers convenience, but potential buyers should consider the associated aspects of city living, such as noise and limited parking. Overall, this property presents a viable investment opportunity for those targeting the student rental market in Preston, but buyers should factor in potential renovation costs and the specific demands of city centre living.

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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