Student Let/HMO - Preston

Not to be missed! A strong student accommodation investment opportunity in Preston with potential to convert to a high-yielding HMO (STPP).

The figures below are based on current market conditions, local rental comparables and estimated operating costs. These figures are projections only and may change depending on market conditions, financing terms, legislation, tenant demand and final refurbishment requirements. Property investment should always be viewed as a medium to long-term strategy focused on cash flow, equity growth and long-term capital appreciation.

This property offers an excellent opportunity to secure a large terraced property in a strong rental location, with the potential to increase value through a professional HMO or student accommodation strategy.

Key Property Details
• 5 bed terraced house – Preston
• 111m2
• Freehold
• Vacant possession
• Immaculate condition
• In good internal order throughout
• EPC C
• Suitable for student accommodation strategy
• Possibility to convert to HMO (STPP)
• Strong local tenant demand
• Close to amenities, transport links and university catchment areas

Key Financials
Example mortgage: 75% LTV, 5% interest-only
• Target purchase price: £170,000
• Purchase costs: £15,250
• Includes sourcing fee: £4,000
• Legal costs: £1,500
• Insurance: £350
• SDLT: £9,400
• Total investment required: £57,750
• Gross monthly rent: £2,200 PCM
• Gross annual rent: £26,400 PA
• Management fees: 10% (£220 PCM)
• Monthly NET income: £1,047 PCM
• Annual NET income: £18,250
• Gross yield: 15%
• ROCE: 25%

Please note that commercial valuations are dependent on lender criteria, planning, licensing, final room configuration, tenancy structure and achieved rental income.

Complete Investment Support Package
With Sourced, you have access to a complete property investment support package in one place.

This includes:
• Sourced Enterprise – full limited company SPV setup and accounting support
• Sourced Finance – access to specialist lending options not usually available on the high street
• Sourced Living – fully compliant lettings and property management service
• Legal support – conveyancing team available if required
• Renovation support – experienced refurbishment team ready to assist with works where needed

For further details or to invest, please contact us.