Four-bedroom Preston investment property with £21,528 annual income on the market (aff)

A four-bedroom terraced house in Ashton-on-Ribble, Preston, is on the market for £160,000, offering an appealing opportunity for investors looking for an income-producing property. Already operating as student accommodation and generating an annual rental income of approximately £21,528, the freehold home is being offered fully furnished and with no onward chain, making it a ready-made addition to an investment portfolio.

Prospective buyers can explore the full range of photographs, take a virtual tour and arrange a viewing to get a closer look at how the property has been arranged for shared living. With its established rental income and sought-after location, it presents an attractive option for those seeking an investment that is already up and running.

Situated on Ashton Street in the popular Ashton-on-Ribble area of Preston, the mid-terrace property is positioned within a short walk of the University of Central Lancashire campus. Its location also places it close to a range of everyday amenities, public transport connections and major motorway links, making it well suited to student tenants as well as professionals.

The accommodation has been thoughtfully arranged to suit modern shared living. At the heart of the home is a communal lounge and dining area where residents can relax or socialise, while a fitted kitchen provides practical space for day-to-day cooking. A communal bathroom serves the property, creating a straightforward layout that has been tailored for multiple occupants.

Sleeping accommodation is spread across four bedrooms, including three generous double bedrooms and a single bedroom. The property is currently fully let on a room-by-room basis, with the three double rooms each achieving £105 per week and the single bedroom generating £99 per week. Together, this produces an approximate annual rental income of £21,528, offering immediate returns for a new owner from day one.

Further features include uPVC double glazing and gas central heating, while the property is also described as fully fire safe and gas compliant. Being sold fully furnished, it allows buyers to take over an established investment without the need to source additional furniture before continuing to let the rooms.

The absence of an onward chain could also help streamline the purchasing process, making the property an appealing choice for investors keen to complete quickly. Combined with its established tenancy arrangement and strong rental performance, it offers a turnkey opportunity in one of Preston's well-established residential areas.

Although already configured for student accommodation, the property's generous layout, four-bedroom arrangement and convenient position are among the features that have helped it become an established rental investment. Buyers looking for a property that is already producing income may find it particularly attractive thanks to its existing setup and fully furnished presentation.

This four-bedroom terrace is one of many homes currently available in the Preston area through Purplebricks. Prospective buyers can view the full property listing, browse all photographs, explore the virtual tour and find booking details for a viewing through the Purplebricks website.

This article was produced with the support of AI tools to assist in sourcing and structuring information. All content has been reviewed, verified and completed by an Iconic Media Group journalist prior to publication.