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.
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
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