Studio

29 St Thomas's Road, 
Chorley, 
PR7 1HP
Purchase price
£80,000
  • Tenanted
EXCELLENT BUY TO LET PROPERTY INVESTMENT OPPORTUNITY - NOT SUITABLE FOR OWNER OCCUPIERS! This wonderful stylish studio apartment is situated in the heart of Chorley town centre, enquire today to avoid disappointment.
  • Financial Performance*
Gross rent
£7,140
Ground rent
£250
Service charge
£1,151
Lettings fees
£857
Net income
£4,882
Gross yield
8.93%
Net yield
6.1%
  • Key Features
  • Generate immediate income from completion
  • Stylish studio apartment
  • Allocated parking
  • Fully fitted kitchen
  • State of the art smart heating system
  • Key less fob access to the apartment
  • Excellent location
  • Great transport links
  • Shops, bars and amenities nearby
  • Enquire today for further details

EXCELLENT BUY TO LET PROPERTY INVESTMENT OPPORTUNITY – NOT SUITABLE FOR OWNER OCCUPIERS! This wonderful stylish studio apartment is situated in the heart of Chorley town centre, enquire today to avoid disappointment.

This excellent studio apartment comprises of; entrance hallway leading to the open plan living area featuring sleeping area; fully-fitted high specification kitchen; storage cupboard and ensuite shower room. The apartment is situated on the fourth floor, and comes with allocated parking. It also has a state of the art smart heating system, as well as key-less electronic fob access from your apartment door.

Sumner House is an ideal investment for any landlord. The apartment has a central location in Chorley which is just a 5 minute walk to the train station, making it easier for those who commute to cities such as Manchester, Liverpool and London. Sumner House has a variety of bars, shops and restaurants right on its doorstep, making it attractive to young working professionals. This block also has the benefit of HG Smart Technology which allows you to keep a closer eye on energy prices and usage to allow better returns and lower outgoings.

This property is also a short distance from Preston which is the third largest city in the North West, and the largest in its county of Lancashire. It is only a 40 minute train journey from Manchester and a 50 minute train journey from Liverpool, whilst also having direct links to London and Glasgow. In addition, the city sits at the heart of a motorway network making it incredibly easy to access to the rest of the UK. With this in mind, and the fact that many university students decide to stay in the city after their graduation, the population of Preston is expected to grow exponentially in the coming years. In turn, house prices are predicted to continue to rise, following the growth of almost 20% in the last five years according to Zoopla figures.

  • Financial Performance *
Gross rent
£7,140
Ground rent
£250
Service charge
£1,151
Lettings fees
£857
Net income
£4,882
Gross yield
8.93%
Net yield
6.1%
*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
  • Location
  • EPC
Energy Performance Rating