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

4 Ashtongate, Preston, Lancashire, PR2 1NF - 1 views - a year ago

Leasehold
BTL
ROI: 4%
~70 m²
+2 photos

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
BMV8%

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.

PriceDateDistanceAddressBeds 
£88.8K05/230.02 mi1, Ashtongate, Ashton On Ribble, Preston, Lancashire PR2 1NF2
£120K11/200.06 mi2, Larchwood, Ashton On Ribble, Preston, Lancashire PR2 1NX2
£60K12/220.32 mi11b, Charlesway Court, Lea, Preston, Lancashire PR2 1TL2
£70K12/220.32 mi13b, Charlesway Court, Lea, Preston, Lancashire PR2 1TL2
£80K07/230.35 mi200, Ashton Bank Way, Ashton On Ribble, Preston, Lancashire PR2 1BG2
£102K05/210.37 mi145, Ashton Bank Way, Preston, Lancashire PR2 1BZ2
£156K03/210.55 mi194, Savick Way, Lea, Preston, Lancashire PR2 1XF2
£125K12/200.6 miFlat 1, Cottam Court, Cottam Lane, Ashton On Ribble, Preston, Lancashire PR2 1JR2
£127K02/210.6 miFlat 6, Cottam Court, Cottam Lane, Ashton On Ribble, Preston, Lancashire PR2 1JR2
£165K10/210.62 mi111, Princes Reach, Ashton On Ribble, Preston, Lancashire PR2 2GB2
£130K11/220.67 mi152, Princes Reach, Ashton On Ribble, Preston, Lancashire PR2 2GD2
£126.5K06/230.67 mi154a, Princes Reach, Ashton On Ribble, Preston, Lancashire PR2 2GD2
£74K02/210.71 mi18, Tinniswood, Ashton On Ribble, Preston, Lancashire PR2 1EL2
£175K10/210.71 miFlat 5, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£145K10/220.71 miFlat 11, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£170K02/230.76 miFlat 88, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YZ2
£145K11/210.84 mi138, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XE2
£125K01/230.84 mi184, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XF2
£142.5K06/230.84 mi44, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£163K02/230.84 mi42, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£123K12/220.84 mi30, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£151.5K01/230.84 mi56, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£130K11/220.88 mi13, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£105K09/230.88 mi49, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£118K04/230.88 mi4, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£100K10/200.91 mi94a, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£140K12/220.91 mi54, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£110K11/220.92 miFlat 7, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£112.5K07/230.92 miFlat 5, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2

Local Rents

13 rents from £540/mo to £900/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£60006/240.22 mi-2
£69012/240.22 mi-2
£65004/250.22 mi-2
£69506/240.26 miThe Ploughlands, Ashton2
£85012/240.27 mi-2
£77512/240.37 mi-2
£69510/230.37 miAshton Bank Way, Preston, Lancashire, PR22
£70012/240.38 mi-2
£90002/250.56 mi-2
£72506/240.57 miMaritime Way, Ashton on Ribble, Preston, PR22
£54012/240.59 mi-2
£90006/240.59 mi-2
£82507/240.62 miPrinces Reach, Preston2

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

  • VIRTUAL VIEWING AVAILABLE CLICK ON THE VIDEO TOUR ABOVE +
  • Ready To Walk Into First Floor Apartment +
  • Modern Fitted Kitchen And Tiled Bathroom, Two Bedrooms +
  • Good Sized Lounge, Double Glazing, Central Heating +
  • Excellent Starter Home/Investment Opportunity +

Situated close to Ashton Park, this purpose built modern first floor apartment in a block of just four, would make an ideal starter home or for those seeking an investment opportunity.

The property is double glazed and warmed by an electric central heating system serving radiators. The property comes with no chain delay, is well presented and internal inspection comes highly recommended. Ground floor communal entrance hallway. First floor landing area, hallway, good sized lounge, modern fitted kitchen and three piece bathroom, two bedrooms.

Well served by local amenities.
Leasehold information: Terms: 999 years from 10th May 1993
Current Ground Rent: TBC
Current Maintenance/Service Charges: £80 per calendar month
Council Tax Information: Band A

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?

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