Project Description

The subject property is located on Samuel Street and is surrounded by flats and houses of a similar construction. It lies 1.5 miles east of the centre of Preston, Lancashire.

Preston has a good selection of local, national and international retailers along with a wide range of leisure facilities and a very popular university.

Preston hosts a mainline railway station and provides access to the rest of the UK.

The M6 Motorway is located 2 miles east of the property and provides excellent access to the major cities of Liverpool and Manchester.

This flat is located on the first floor and is accessed via a communal hallway shared with other residents of the block.

Door provides access to the entrance hallway, which in turn provides access to the large lounge with ample storage and double glazed doors providing access to a juliet balcony.

Also accessed from the hallway are two good sized double bedrooms, a three piece bathroom suite and good sized kitchen with a range of base and eye level units, oven, drainer and also useful cupboard space.

Total    56.8m2    610ft2
Approx. gross internal floor area.

Lounge 3.35m x 4.72m
Kitchen 2.51m x 3.04m
Bedroom 1 3.35m x 3.61m
Bedroom 2 3.49m x 2.98m

We understand the property has connections to mains electric, water and drainage.

Leasehold – A 125 year lease came into effect in July 1986 when the property was first built, there is 95 years remaining.

Investment Analysis
The property is currently let on an AST basis at £4652 pa, this represents a gross yield of 15.5%, taking into account the service charge and ground rent the net yield is 11.59%

Service Charge and Ground Rent
The current service charge payable is £1166 pa and the Ground rent payable is £10 per year.

Council Tax
The property is rated in Council Tax Band A. Council Tax payable (2016/2017) is £1128.88

*Guide Price

Viewing by Appointment

To view this property, please contact John Pye Property – – 0115 970 6060

Please click the following link to access the legal pack documents –


9 Derwent House
Samuel Street,
Off Newhall Lane


✓ Two Bedroom First Floor Flat
✓ Ideally Located
✓ Good Investment Opportunity
✓ Tenant in Situ currently paying  £4652 pa representing a gross yield of 15.5%
✓ Recently double glazed
✓ Recent Biofuel Central Heating Fitted
✓ External curtain wall insulation fitted in 2012


Matt Kirk
Phone: 0115 970 6060
Our Ref: PR230

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