1 /8
£50,000
Abram House, Manchester Road, Preston, PR1
- 2 beds
£50,000
- 2 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£228 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£2,500
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This property is to be offered for sale by PROPERTY SOLVERS ONLINE UNCONDITIONAL AUCTION (28-DAY IMMEDIATE EXCHANGE).
Bidding opens on at 25th of February at 12:00 and closes on the 3rd of March at 12:00 with a GUIDE PRICE of �50,000.
Property Solver Online Auctions presents this income-generating third-floor flat (609 sq ft) in the sought-after region of Abram House, Manchester Road in Preston.
Located in the popular Abram House on Manchester Road, this well-presented two-bedroom flat is an excellent investment opportunity, already tenanted and generating rental income. The property features a spacious open-plan living and dining area (141 sq ft), benefiting from ample natural light and modern finishes throughout. The kitchen (46.92 sq ft) is fitted with contemporary units and plenty of storage, making it both stylish and practical for tenants.
Both bedrooms are well-proportioned, offering comfortable living space with neutral d�cor. The master bedroom (191.26 sq ft) provides a peaceful retreat, while the second bedroom (135.16 sq ft) is perfect for additional occupants or as a home office. A modern bathroom (50.73 sq ft) with a bathtub and overhead shower adds to the convenience of the property. With a secure entry system and well-maintained communal areas, the flat offers a safe and welcoming environment for tenants.
Situated in a prime location, the property is within walking distance of Preston city centre, offering easy access to shops, restaurants, and public transport links, including Preston train station and major road networks. The University of Central Lancashire is also nearby, making this an attractive rental option for professionals or students. With a strong rental yield and a desirable location, this tenanted flat is an ideal choice for investors looking to expand their portfolio with a hassle-free, income-generating property.
Contact us now to arrange a viewing!
More Information
The Property Solvers Auctions enquiry line is open 24/7 and we're happy to answer any questions.
28-day unconditional auction terms + conditions, AML requirements and fees are available on our website (Google "Property Solvers Auctions" and select "Auction Property for Sale" in the navigation).
The preliminary legal pack can be viewed directly via the auction listing itself.� Property Solvers Auctions will update the legal pack and inform all parties that express interest in bidding. For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.
Notice to Bidders
This property is being sold under Property Solvers' Unconditional Auction terms. Once the virtual hammer falls, the buyer has exchanged contracts at the fall of the virtual gavel. The minimum deposit of 10% will then need to be paid into the Property Solvers client account (unless otherwise agreed).
Property Solvers will then transfer the 10% deposit to the conveyancer's account. The buyer is under contract to complete on the sale within 28 days. Failing to do so means that the buyer will lose the deposit paid to Property Solvers in addition to abortive legal costs.
As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license).� For a full list of requirements please see the legal pack documents.
Buyer Reservation Fee
A 2% + VAT (non-refundable) fee (subject to a minimum of �2,400 including VAT) plus a �150 (including VAT) processing fee will be due from the winning bidder.
Generally speaking, guide prices are provided as an indication of each seller's minimum expectation, i.e. 'the reserve'. They are not necessarily figures which a property will sell for and may change at any time before the auction.
Virtually every property will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which we expect will be set within the guide range or no more than 10% above a single figure guide.
Bidding opens on at 25th of February at 12:00 and closes on the 3rd of March at 12:00 with a GUIDE PRICE of �50,000.
Property Solver Online Auctions presents this income-generating third-floor flat (609 sq ft) in the sought-after region of Abram House, Manchester Road in Preston.
Located in the popular Abram House on Manchester Road, this well-presented two-bedroom flat is an excellent investment opportunity, already tenanted and generating rental income. The property features a spacious open-plan living and dining area (141 sq ft), benefiting from ample natural light and modern finishes throughout. The kitchen (46.92 sq ft) is fitted with contemporary units and plenty of storage, making it both stylish and practical for tenants.
Both bedrooms are well-proportioned, offering comfortable living space with neutral d�cor. The master bedroom (191.26 sq ft) provides a peaceful retreat, while the second bedroom (135.16 sq ft) is perfect for additional occupants or as a home office. A modern bathroom (50.73 sq ft) with a bathtub and overhead shower adds to the convenience of the property. With a secure entry system and well-maintained communal areas, the flat offers a safe and welcoming environment for tenants.
Situated in a prime location, the property is within walking distance of Preston city centre, offering easy access to shops, restaurants, and public transport links, including Preston train station and major road networks. The University of Central Lancashire is also nearby, making this an attractive rental option for professionals or students. With a strong rental yield and a desirable location, this tenanted flat is an ideal choice for investors looking to expand their portfolio with a hassle-free, income-generating property.
Contact us now to arrange a viewing!
More Information
The Property Solvers Auctions enquiry line is open 24/7 and we're happy to answer any questions.
28-day unconditional auction terms + conditions, AML requirements and fees are available on our website (Google "Property Solvers Auctions" and select "Auction Property for Sale" in the navigation).
The preliminary legal pack can be viewed directly via the auction listing itself.� Property Solvers Auctions will update the legal pack and inform all parties that express interest in bidding. For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.
Notice to Bidders
This property is being sold under Property Solvers' Unconditional Auction terms. Once the virtual hammer falls, the buyer has exchanged contracts at the fall of the virtual gavel. The minimum deposit of 10% will then need to be paid into the Property Solvers client account (unless otherwise agreed).
Property Solvers will then transfer the 10% deposit to the conveyancer's account. The buyer is under contract to complete on the sale within 28 days. Failing to do so means that the buyer will lose the deposit paid to Property Solvers in addition to abortive legal costs.
As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license).� For a full list of requirements please see the legal pack documents.
Buyer Reservation Fee
A 2% + VAT (non-refundable) fee (subject to a minimum of �2,400 including VAT) plus a �150 (including VAT) processing fee will be due from the winning bidder.
Generally speaking, guide prices are provided as an indication of each seller's minimum expectation, i.e. 'the reserve'. They are not necessarily figures which a property will sell for and may change at any time before the auction.
Virtually every property will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which we expect will be set within the guide range or no more than 10% above a single figure guide.
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£228 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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