Studio

5 Lune Street, 
Preston, 
PR1 2NL
Purchase price
£47,000
  • Tenanted
CASH BUYERS ONLY! ATTENTION INVESTORS - This excellent studio apartment is generating an impressive 8% NET yield and is ideally located in the heart of Preston city centre. Enquire today to avoid disappointment.
  • Financial Performance*
Gross rent
£6,900
Ground rent
£400
Service charge
£2,028
Lettings fees
£690
Net income
£3,782
Gross yield
14.68%
Net yield
8.05%
  • Key Features
  • Earn instant income
  • Cash buyers only
  • Studio apartment
  • Fully furnished
  • Second floor
  • Excellent location
  • Great transport links
  • Fully managed
  • Preston city centre
  • Available to owner occupiers and investors

This spacious studio apartment, located in the heart of Preston, is an excellent opportunity for young professionals, students, and property investors alike. Situated just moments from Preston Train Station, Lunar House offers superb connectivity, making it an attractive choice for commuters travelling to Manchester and other major cities across the North West.

Lunar House comprises 20 generously sized apartments and benefits from a prime central location, with easy access to local shops, amenities, the University of Central Lancashire (UCLan), and excellent transport links.

Preston is a city on the rise, with significant investment and regeneration projects driving economic growth and increasing demand for high-quality residential accommodation. Recent developments include a £10 million investment in the Guild Hall and a £3 million redevelopment of Preston Markets, alongside extensive improvements to the city centre and high street.

Recognised as one of the best places to live and work in the North West by the Good Growth for Cities Index, Preston continues to attract residents, businesses, and investors. This sustained growth has contributed to rising demand for modern rental properties and strong investment potential.

With its vibrant city centre, ongoing regeneration, excellent transport connections, and growing rental market, Preston is rapidly establishing itself as one of the region’s leading property hotspots. Whether you are looking to expand your investment portfolio or secure a high-demand rental property, this is an opportunity not to be missed.

  • Financial Performance *
Gross rent
£6,900
Ground rent
£400
Lettings fees PA
£690
Service charge
£2,028
Net income
£3,782
Gross yield
14.68%
Net yield
8.05%

Fill in your details below to enquire about property YL-08569
Studio

5 Lune Street, 
Preston
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*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