2 Bed Flat, Single Let, Preston, PR2 1NF, £115,000





ValuationUndervalued
Sold Prices | £60K - £175K |
Sold Prices/m² | £1.1K/m² - £3.3K/m² |
| |
Square Metres | ~70 m² |
Price/m² | £1.6K/m² |
Value Estimate | £123,780 |
BMV | 8% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £28,750 |
Stamp Duty & Legal Fees | £4,650 |
Total Cash In | £33,400 |
| |
Cash Out | |
Rent Range | £540 - £900 |
Rent Estimate | £609 |
Running Costs/mo | £501 |
Cashflow/mo | £108 |
Cashflow/yr | £1,294 |
ROI | 4% |
Gross Yield | 6% |
Local Sold Prices
29 sold prices from £60K to £175K, average is £125K. £1.1K/m² to £3.3K/m², average is £1.8K/m².
Local Rents
13 rents from £540/mo to £900/mo, average is £700/mo.
Local Area Statistics
Population in PR2 | 77,713 |
Population in Preston | 286,036 |
Town centre distance | 2.53 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 1.96 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | -7% |
Sales demand | Seller's market |
Capital growth (5yrs) | +25% |
Property History
Listed for £115,000
January 8, 2024
Sold for £78,000
2007
Sold for £38,500
2001
Floor Plans

Description
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