2 Bed Terraced House, Single Let, Preston, PR2 1HL, £140,000

ARCHWAY BUILDINGS Pedders Lane, Preston, Lancashire, PR2 1HL - a year ago

Sold STC
BTL
ROI: 2%
~58 m²
+9 photos

ValuationOvervalued

Sold Prices£76K - £219K
Sold Prices/m²£561/m² - £3.3K/m²

 

 

Square Metres

~58 m²
Price/m²£2.4K/m²

Value Estimate

£87,312

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,400

Total Cash In

£40,400

 

 

Cash Out

 

Rent Range

£650 - £1,050

Rent Estimate

£650

Running Costs/mo

£588

Cashflow/mo

£63

Cashflow/yr

£750

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £76K to £219K, average is £115.8K. £561/m² to £3.3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£155K02/210.1 mi4, Mulgrave Avenue, Ashton On Ribble, Preston, Lancashire PR2 1HH2
£133K02/210.14 mi39, Ashton Close, Ashton On Ribble, Preston, Lancashire PR2 1AH2
£219K04/210.15 mi73, Egerton Road, Ashton On Ribble, Preston, Lancashire PR2 1AL2
£182K05/230.21 mi9, Pedders Grove, Ashton On Ribble, Preston, Lancashire PR2 1NS2
£159.9K07/230.37 mi1, Fairfield Drive, Ashton On Ribble, Preston, Lancashire PR2 1JJ2
£140K01/230.38 mi504, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1HY2
£155K02/230.45 miWillow Cottage, Cottam Lane, Ashton On Ribble, Preston, Lancashire PR2 1JS2
£148.3K06/210.47 mi26, Garden Walk, Ashton On Ribble, Preston, Lancashire PR2 1DP2
£160K04/230.48 mi33, Bank Place, Ashton On Ribble, Preston, Lancashire PR2 1DN2
£110K04/230.48 mi4, Clifton Place, Ashton On Ribble, Preston, Lancashire PR2 2LD2
£127.4K03/230.5 mi23, Oswald Road, Ashton On Ribble, Preston, Lancashire PR2 1BT2
£88K01/210.5 mi19, Armstrong Street, Ashton On Ribble, Preston, Lancashire PR2 2LB2
£130K08/230.51 mi41, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£112K12/200.51 mi23, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£85K11/210.51 mi45, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£123.5K03/230.51 mi15, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£120K03/230.51 mi8, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DB2
£107K01/230.51 mi33, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£123.5K07/230.52 mi57, Wellington Road, Ashton On Ribble, Preston, Lancashire PR2 1BU2
£98K05/230.53 mi26, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£90K11/200.53 mi35, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£180K12/220.53 mi22, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£108K09/210.53 mi85, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£118.5K03/230.53 mi35, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£115K11/200.53 mi27, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£105K11/200.53 mi37, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£116.5K12/200.53 mi83, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£158K03/230.56 mi37, Endeavour Close, Ashton On Ribble, Preston, Lancashire PR2 2YG2
£85K12/200.57 mi67, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£76K03/210.57 mi16, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£117K06/230.57 mi41, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£119.4K03/210.57 mi25, Elswick Road, Ashton On Ribble, Preston, Lancashire PR2 1NT2
£102.5K02/210.59 mi32, Swansea Street, Ashton On Ribble, Preston, Lancashire PR2 1AS2
£136K09/230.61 mi10, Weeton Place, Ashton On Ribble, Preston, Lancashire PR2 1LU2
£83K10/200.61 mi33, Larches Lane, Ashton On Ribble, Preston, Lancashire PR2 1PN2
£80K03/210.62 mi7, Flett Street, Ashton On Ribble, Preston, Lancashire PR2 2RX2
£112K03/210.63 mi14, Bulmer Street, Ashton On Ribble, Preston, Lancashire PR2 2SL2
£99K09/210.64 mi3, Colenso Road, Ashton On Ribble, Preston, Lancashire PR2 2LL2
£78K08/210.64 mi38, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£95K05/210.64 mi50, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£120K10/230.64 mi1, Ladysmith Road, Ashton On Ribble, Preston, Lancashire PR2 2JP2
£100K04/230.64 mi15, Belmont Road, Ashton On Ribble, Preston, Lancashire PR2 2LJ2
£98K02/210.65 mi1, Tulketh Crescent, Ashton On Ribble, Preston, Lancashire PR2 2RH2
£112.5K02/230.67 mi132, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JR2
£106K12/200.67 mi228, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JS2
£104.5K03/210.67 mi236, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JS2
£125K02/230.67 mi214, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JS2
£121.5K01/210.67 mi194, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JS2
£117.5K02/230.67 mi186, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JS2
£83K05/230.68 mi13, Nares Street, Ashton On Ribble, Preston, Lancashire PR2 2SS2

Local Rents

48 rents from £650/mo to £1.1K/mo, average is £838/mo.

RentDateDistanceAddressBeds 
£90006/240.15 mi-2
£70007/240.35 miVictoria Parade, Ashton-on-ribble, Preston2
£85006/240.39 mi-2
£85006/240.39 mi-2
£85012/240.39 mi-2
£85006/240.39 miPark View Avenue, Ashton-On-Ribble, Preston, PR22
£79504/250.45 mi-2
£89512/240.45 miNavigation Way, Docklands, Preston, PR22
£65012/240.45 miGarden Court, Tulketh Avenue, Preston, PR22
£90007/240.46 miVictoria Mansions 2
£75012/240.46 mi-2
£70007/240.46 miVictoria Mansions, Docklands2
£1,05012/240.46 miVictoria Mansions, Ashton-On-Ribble2
£82507/240.46 miPrinces Reach, Preston2
£95012/240.47 mi-2
£85012/240.47 mi-2
£85012/240.47 miBank Place, Ashton-On-Ribble, Preston, PR22
£75012/240.47 mi-2
£75006/240.47 miPrinces Reach, Ashton-on-Ribble, Preston, Lancashire, PR22
£79506/240.48 miWatery Lane, Ashton on Ribble, Preston, PR22
£75007/240.49 miDart Street, Ashton-On-Ribble2
£79504/250.49 mi-2
£95012/240.49 mi-2
£70007/240.5 mi-2
£89512/240.5 mi-2
£1,00012/240.5 mi-2
£89507/240.5 miMountbatten Close, Ashton-On-Ribble, Preston, PR22
£95006/240.52 mi-2
£95006/240.52 mi-2
£95006/240.52 miBrampton Street, Ashton-On-Ribble, Preston, PR22
£80007/240.52 mi-2
£79501/250.52 mi-2
£85002/250.53 mi-2
£80003/250.53 mi-2
£87507/240.53 miBritannia Drive, Preston, PR22
£87507/240.54 miBritannia Drive, Ashton-on-Ribble, Preston2
£75012/240.54 mi-2
£79507/240.54 miMountbatten Close, Docklands2
£80007/240.55 mi-2
£80001/250.55 mi-2
£80003/250.55 mi-2
£90002/250.55 mi-2
£72506/240.56 miMaritime Way, Ashton on Ribble, Preston, PR22
£87512/240.56 mi-2
£92506/240.56 miEndeavour Close, Preston, Lancashire, PR22
£80002/250.57 mi-2
£65006/240.59 miTulketh Brow, Preston, PR22
£80012/240.6 mi-2

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

2.05 miles away

Nearest school

0.20 miles away

Nearest train station

1.52 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Price changed to £140,000

September 25, 2024

Listed for £150,000

November 24, 2023

Sold for £98,000

2011

Sold for £115,000

2004

Floor Plans

Description

  • Two Bedroom Character Property +
  • Situated In The Sought After 'Archway Buildings' +
  • Local Amenities, Public Transport & Motorway Links +
  • Excellent Preston Location +
  • Many Original Features +
  • Open Plan Living With Newly Fitted Kitchen +
  • Three Piece Modern Family Bathroom +
  • Allocated Parking & Communal Gardens +
  • No Chain +
  • Close To Sought After Schools +

The Property
Fantastic opportunity to purchase this Two bedroom character property nestled within the private 'Archway Buildings' courtyard set behind large electric gates. The property offers excellent local amenities, public transport links & motorway access nearby.

The property offers plenty of original features and are is as impressive outside, as it is inside. The perfect home and upon viewing will not be disappointed. This home has undergone a complete refresh and is an ideal purchase for all prospective buyers.

The property briefly at a glance consists of; Entrance hall, Open plan lounge/dining kitchen area, Modern fitted family bathroom & Two bedrooms.
Externally, we have a communal courtyard with allocated parking spaces and guest parking.

The property benefits from UPVC double glazing, Gas central heating & can be offered with no chain delay.

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing. If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Agent Details

Purplebricks, covering Preston

020 3834 8192

Next Steps?

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