3 Bed Detached House, Refurb/BRRR, Preston, PR2 3RP, £220,000

Links Gate, Fulwood, Preston, PR2 3RP - 4 views - 3 years ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+12 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£39,357

Bridging Loan Interest

£5,775

Total Cash In

£109,682

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£215,000

Mortgage (After Refinance)

£161,250

Mortgage LTV

75%

Cash Left In

£109,682

Equity

£53,750

Rent Range

£399 - £1,505

Rent Estimate

£946

Running Costs/mo

£881

Cashflow/mo

£65

Cashflow/yr

£780

ROI

1%

Gross Yield

5%













Local Rents

46 rents from £399/mo to £1.5K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£97506/240.18 miCadley Causeway, Fulwood, Preston, Lancashire, PR23
£82512/240.25 miInkerman Street, Ashton-on-Ribble, Preston, Lancashire, PR23
£85006/240.25 miFulshaw Road, Ashton-On-Ribble3
£80001/250.29 mi-3
£80003/250.29 mi-3
£85001/250.3 mi-3
£77506/240.3 mi-3
£83501/250.36 mi-3
£1,20007/240.37 mi-3
£79507/240.37 miBalcarres Road, Ashton-on-Ribble, Preston, PR23
£1,14512/240.38 mi-3
£85012/240.38 miBrook Street, Fulwood, Preston, Lancashire, PR23
£85007/240.41 miParker Street, Ashton3
£85006/240.41 miRoyal Drive, Fulwood3
£90007/240.41 miRoebuck Street, Ashton-on-Ribble, Preston3
£1,25001/250.41 mi-3
£80006/240.41 miDe Lacy Street, Ashton-on-Ribble3
£1,10006/240.42 miInkerman Street, Ashton-on-Ribble, Preston3
£1,50506/240.42 miRobinson Street, Preston, PR23
£84502/250.44 mi-3
£73412/240.46 mi-3
£75007/240.46 miNorris Street, Fulwood3
£77512/240.49 miSedberg Street, Fulwood, Preston3
£39907/240.49 miBulmer Street, PRESTON, Lancashire PR2 2SL3
£80001/250.49 mi-3
£95007/240.5 miOld Orchard, Fulwood, Preston, PR2 3QF3
£95007/240.5 miLowther Street, Ashton-on-Ribble, Preston3
£95007/240.5 miLowther Street, Ashton-on-Ribble3
£1,00012/240.52 mi-3
£1,00007/240.52 miLowther Street, Preston, PR23
£75006/240.52 miDerby Road, Fulwood, Preston, PR2 8JJ3
£92503/250.52 mi-3
£1,36506/240.52 miEldon Street, Ashton-on-Ribble, PRESTON, Lancashire PR2 2AY3
£95002/250.53 mi-3
£85006/240.53 miNorris Street, Preston, Lancashire, PR13
£1,23507/240.53 miNorris Street, PRESTON, Lancashire PR1 7QA3
£77507/240.54 miEmmanuel Street, Preston3
£1,10001/250.56 mi-3
£75007/240.57 miEldon Street, Ashton3
£91001/250.57 mi-3
£1,39807/240.57 miEldon Street, Preston, Lancashire, PR13
£1,36506/240.57 miEldon Street, Preston3
£90007/240.59 miHardcastle Road, Preston, PR23
£85006/240.6 miStratford Drive, Fulwood3
£99506/240.61 miSouthgate, Fulwood3
£1,15007/240.62 miWillow Field Cottage, Cottam Lane, Lancashire, PR23

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

1.57 miles away

Nearest school

0.30 miles away

Nearest train station

1.59 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £220,000

March 22, 2022

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE. CLICK ON THE VIDEO TOUR ABOVE +
  • Spacious Detached Three Bedroom Property +
  • Lounge, Dining / Kitchen And Conservatory to Rear +
  • Front and Rear Gardens with Driveway and Detached Garage +
  • Situated in Fantastic Location, Close to RPH +

We are delighted to present to the market this three bedroom detached property located in the sought after area of Fulwood. Some modernisation is required but this could make a perfect family home.

The property is surrounded by conifers at the front which makes this property the ideal private home. The accommodation comprises, entrance hallway, spacious living room, open plan kitchen diner and a conservatory to the rear of the dining room. To the first floor there are three generously sized bedrooms and spacious family bathroom.

Externally to the front there is a driveway providing off street parking and to the rear there is a patio garden and a separately fenced lawn and a brick built garage.

The property is situated in a great location within close proximity to local amenities, Royal Preston Hospital, local schools and transport links. Call us now to arrange your viewing.

What The Agent Says
This is a fantastic property and is sure to achieve a lot of interest. Call us now to avoid missing out.

Council Tax Information: Band D

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Preston & Central Lancashire

01772 963630

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪