2 Bed Flat, Single Let, Preston, PR1 3LZ, £199,000

City Bridge Apartments, Glovers Court, Preston, PR1 3LZ - 1 views - a year ago

BTL

~68 m²

+2 photos

ValuationOvervalued

Sold Prices	£50K - £250K
Sold Prices/m²	£1.1K/m² - £3.7K/m²

Square Metres	~68.11 m²
Price/m²	£2.9K/m²
Value Estimate	£92,188£92,188

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£49,750£49,750
Stamp Duty & Legal Fees	£7,170£7,170
Total Cash In	£56,920£56,920

Cash Out
Rent Range	£650 - £2,000£650 - £2,000
Rent Estimate	£700
Running Costs/mo	£782£782
Cashflow/mo	£-82£-82
Cashflow/yr	£-982£-982
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £50K to £250K, average is £98.5K. £1.1K/m² to £3.7K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£50K	07/23	0.19 mi	Flat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ	-	-	2	Flat
£51K	10/21	0.19 mi	Flat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ	-	-	2	Flat
£82K	05/23	0.26 mi	16, Grimshaw Place, Preston, Lancashire PR1 3BW	£1,262	65	2	Flat
£72.8K	02/23	0.26 mi	41, Grimshaw Place, Preston, Lancashire PR1 3BW	£1,124	65	2	Flat
£66K	03/21	0.26 mi	10, Grimshaw Place, Preston, Lancashire PR1 3BW	£1,087	61	2	Flat
£81K	12/22	0.27 mi	13, Grimshaw Place, Preston, Lancashire PR1 3BW	£1,207	67	2	Flat
£79.5K	04/21	0.34 mi	119a, Walker Street, Preston, Lancashire PR1 2RR	£1,445	55	2	Flat
£105K	01/23	0.61 mi	Apartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW	-	-	2	Flat
£85K	12/22	0.66 mi	12, South Meadow Lane, Preston, Lancashire PR1 8JN	-	-	2	Flat
£67K	12/22	0.67 mi	Apartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ	-	-	2	Flat
£60K	04/21	0.67 mi	Apartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ	-	-	2	Flat
£60K	04/21	0.71 mi	Apartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ	-	-	2	Flat
£97K	01/23	0.83 mi	2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD	-	-	2	Flat
£80K	09/21	0.84 mi	36a, Charnock Street, Preston, Lancashire PR1 6DR	£2,000	40	2	Flat
£65K	04/21	0.88 mi	71, Wilbraham Street, Preston, Lancashire PR1 5NN	-	-	2	Flat
£130K	06/23	0.99 mi	11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY	£1,477	88	2	Flat
£78K	03/23	1.03 mi	118, Elliott Street, Preston, Lancashire PR1 7XN	-	-	2	Flat
£80K	06/21	1.06 mi	5, Seymour Court, Preston, Lancashire PR1 7PT	£1,379	58	2	Flat
£86K	03/23	1.32 mi	70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF	£1,830	47	2	Flat
£90K	11/22	1.32 mi	49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF	£1,800	50	2	Flat
£90K	05/23	1.32 mi	45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF	-	-	2	Flat
£83K	10/21	1.32 mi	51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF	£1,926	43	2	Flat
£100K	10/20	1.37 mi	94a, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD	£1,316	76	2	Flat
£140K	12/22	1.37 mi	54, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD	£1,867	75	2	Flat
£110K	11/22	1.39 mi	Flat 7, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG	£1,486	74	2	Flat
£112.5K	07/23	1.39 mi	Flat 5, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG	-	-	2	Flat
£92K	05/21	1.42 mi	7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB	£1,704	54	2	Flat
£130K	11/22	1.43 mi	13, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ	£1,831	71	2	Flat
£105K	09/23	1.43 mi	49, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ	£1,500	70	2	Flat
£118K	04/23	1.43 mi	4, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ	£2,034	58	2	Flat
£145K	11/21	1.45 mi	138, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XE	£1,768	82	2	Flat
£125K	01/23	1.45 mi	184, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XF	£1,983	63	2	Flat
£142.5K	06/23	1.45 mi	44, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB	£2,457	58	2	Flat
£163K	02/23	1.45 mi	42, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB	£3,260	50	2	Flat
£123K	12/22	1.45 mi	30, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB	£2,016	61	2	Flat
£151.5K	01/23	1.45 mi	56, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB	£3,030	50	2	Flat
£160K	01/21	1.5 mi	3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG	£2,254	71	2	Flat
£75K	11/20	1.51 mi	25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ	£1,271	59	2	Flat
£170K	02/23	1.55 mi	Flat 88, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YZ	-	-	2	Flat
£128K	12/20	1.56 mi	Flat 6, Wembley Court, Wembley Avenue, Penwortham, Preston, Lancashire PR1 9UW	-	-	2	Flat
£74K	02/21	1.58 mi	18, Tinniswood, Ashton On Ribble, Preston, Lancashire PR2 1EL	-	-	2	Flat
£135K	08/23	1.58 mi	47, Pope Lane, Penwortham, Preston, Lancashire PR1 9JN	£1,982	68	2	Flat
£52.5K	04/21	1.6 mi	Flat 21, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX	-	-	2	Flat
£61.5K	12/22	1.6 mi	Flat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX	-	-	2	Flat
£105K	07/21	1.6 mi	36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE	£1,683	62	2	Flat
£116K	09/23	1.6 mi	39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE	£2,021	57	2	Flat
£126K	11/20	1.6 mi	16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE	£1,881	67	2	Flat
£175K	10/21	1.62 mi	Flat 5, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX	-	-	2	Flat
£145K	10/22	1.62 mi	Flat 11, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX	-	-	2	Flat
£250K	02/21	1.66 mi	27, Marl Avenue, Penwortham, Preston, Lancashire PR1 0XD	£3,676	68	2	Flat

Local Rents

50 rents from £650/mo to £2K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,450	03/22	0 mi	City Bridge Apartments, Glovers Court, Preston	2	Flat
£1,600	07/24	0 mi	City Bridge Apartments, Glovers Court, Preston	2	Flat
£1,600	06/24	0 mi	City Bridge Apartments, Glovers Court, Preston	2	Flat
£1,000	07/24	0 mi	Glovers Court, Preston	2	Flat
£1,600	07/24	0.04 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,450	07/24	0.04 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,525	07/24	0.04 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,550	07/24	0.04 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,575	07/24	0.04 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,550	07/24	0.04 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,575	07/24	0.04 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,550	07/24	0.04 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,550	07/24	0.04 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,650	07/24	0.04 mi	Buckingham House, Glovers Court	2	Flat
£700	07/24	0.05 mi	Cubic, Birley Street, Preston, PR1 2AQ	2	Flat
£700	07/24	0.05 mi	Cubic, Birley Street, Preston, PR1 2AQ	2	Flat
£700	08/24	0.05 mi	Cubic, Birley Street, Preston	2	Flat
£2,000	06/24	0.05 mi	Buckingham House, 3 Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,950	07/24	0.05 mi	Buckingham House, 3 Glovers Court, Preston, Lancashire, PR1	2	Flat
£650	07/24	0.05 mi	Cubic Apartment, Preston	2	Flat
£850	06/24	0.05 mi	-	2	Flat
£900	03/25	0.05 mi	-	2	Flat
£700	06/24	0.05 mi	Cubic, Birley Street, Preston	2	Flat
£1,250	06/24	0.06 mi	Flat , The Union Lofts, Guildhall Street, Preston	2	Flat
£1,150	07/24	0.06 mi	Flat , The Union Lofts, Guildhall Street, Preston	2	Flat
£1,295	06/24	0.07 mi	-	2	Flat
£1,195	08/24	0.07 mi	-	2	Flat
£925	07/24	0.07 mi	Park House, Guildhall Street, Preston, Lancashire, PR1	2	Flat
£925	07/24	0.07 mi	Park House, Guildhall Street, Preston, Lancashire, PR1	2	Flat
£975	07/24	0.07 mi	Park House, Guildhall Street, Preston, PR1	2	Flat
£950	07/24	0.07 mi	Park House, Guildhall Street, Preston, PR1	2	Flat
£1,250	07/24	0.08 mi	Flat 13, The Union Lofts	2	Flat
£1,200	08/24	0.1 mi	24 Cannon Street , Preston,	2	Flat
£1,200	06/24	0.1 mi	24 Cannon Street , Preston,	2	Flat
£1,750	07/24	0.1 mi	Guild House, 17 Cross Street, Preston, PR1	2	Flat
£775	06/24	0.11 mi	Winckley House, Winckley Square, Preston, Lancashire, PR1	2	Flat
£1,150	10/23	0.12 mi	Winckley Square, Preston, Lancashire, PR1	2	Flat
£1,000	10/23	0.12 mi	Winckley Square, Preston, Lancashire, PR1	2	Flat
£850	07/24	0.12 mi	Winckley Square, Preston	2	Flat
£1,100	02/24	0.12 mi	-	2	Flat
£1,550	08/24	0.13 mi	13 Winckley Street, Preston, Lancashire, PR1	2	Flat
£1,250	07/24	0.13 mi	11 Winckley Street, Preston Town Centre	2	Flat
£750	07/24	0.13 mi	Avenham Mills, Preston	2	Flat
£1,000	06/24	0.13 mi	Winckley Square, Preston, Lancashire, PR1	2	Flat
£995	10/23	0.13 mi	Goldthread Works,City Centre PR1	2	Flat
£850	06/24	0.13 mi	Market Street, Preston	2	Flat
£700	08/24	0.14 mi	Flat 3, Chapel Walks, Preston	2	Flat
£795	10/23	0.14 mi	Wolseley Place, Preston, Lancashire, PR1	2	Terraced House
£725	06/24	0.15 mi	Cross Street, Preston	2	Flat
£800	07/24	0.15 mi	Cross Street, Preston	2	Flat

Local Area Statistics

Population in PR1	72,06472,064
Population in Preston	286,036286,036
Town centre distance	0.82 miles away0.82 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.37 miles away0.37 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+3%+3%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £199,000

November 13, 2023

Description

Northwest Homes are excited to bring to the market this exceptionally spacious and beautifully presented luxury apartment block located in middle Preston City Centre.

These apartments are situated is in the City Centre and walking distance to University, Fishergate and St Georges shopping centre and a short drive to motorway links.

This property provides the perfect base for young professionals, Couples and clients who want clean, fresh and modern living with a boast of character.

Apartment Description:

Hallway:
Colour touch screen video & voice door entry system. Laminate flooring, modern lighting and access to all rooms.

Open plan living Room, Diner, Kitchen:
Fully integrated Italian kitchen with fridge/freezer, washer/dryer, dishwasher, oven, hob/extractor, marble effect splashback and Led lighting, Dining room and lounge with laminate floor, Led lighting, speaker system, chrome finished switches, various power points sockets and Bluetooth system.

Bedroom 1
Double bedroom, luxury carpet, double glazed window, electric heating, various power points sockets, chrome finished switches and modern lighting.

En-suite
Designer bathroom with W/C, black and white designer shower screen and walk-in in shower, Spanish effect marble tiles throughout, hand basin with vanity unit.

Bedroom 2
Double bedroom, luxury carpet, double glazed window, electric heating, various power points sockets, chrome finished switches and modern lighting.

En-suite
Designer bathroom with W/C, black and white designer shower screen and walk-in in shower, Spanish effect marble tiles through out, hand basin with vanity unit.

1 Free car park space just 30 seconds away on Gloves street in a secure car park

Investors / Renting:

Potential rental at £1,500 PCM
Net Rental Return 9.5% approx.

Viewings are strictly with Northwest Homes Limited
Please call

Agent Details

North West Homes, Preston

01772 821313

Next Steps?

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

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ValuationOvervalued

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Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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Cashflows

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Local Rents