3 Bed Terraced House, Refurb/BRRR, Preston, PR2 6XA, £99,000

Halstead Road, Ribbleton, Preston, PR2 6XA - 5 views - a year ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~78 m²
+9 photos

ValuationUndervalued

Sold Prices£80K - £260K
Sold Prices/m²£304/m² - £3.1K/m²

 

 

Square Metres

~78.10 m²
Price/m²£1.3K/m²

Value Estimate

£101,970
BMV3%

 

 

End Value (After Refurb)

£155,654

Uplift in Value

+57%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,750

Stamp Duty & Legal Fees

£4,170

Refurb Costs

£33,051

Bridging Loan Interest

£2,599

Total Cash In

£66,320

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£155,654

Agent Fees (1%)

£1,557

Bridging Loan

£74,250

Bridging Loan Interest

£2,599

Flip Profit

£13,528

Local Sold Prices

50 sold prices from £80K to £260K, average is £158.8K. £304/m² to £3.1K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£121K10/210.05 mi366, Watling Street Road, Ribbleton, Preston, Lancashire PR2 6UA3
£135K05/210.08 mi6, Halstead Road, Ribbleton, Preston, Lancashire PR2 6XA3
£148K02/230.1 mi439, Watling Street Road, Ribbleton, Preston, Lancashire PR2 6TY3
£146K01/230.15 mi41, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£185K07/230.15 mi9, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£144K12/200.15 mi57, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£132K05/210.15 mi49, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£168K06/230.16 mi7, Neapsands Close, Fulwood, Preston, Lancashire PR2 9AQ3
£183K03/210.17 mi56, Leesands Close, Fulwood, Preston, Lancashire PR2 9AJ3
£122K12/200.18 mi8, Newby Place, Ribbleton, Preston, Lancashire PR2 6UP3
£161.5K06/210.2 mi37, Westfield Drive, Ribbleton, Preston, Lancashire PR2 6TH3
£87K12/200.22 mi12, Heathfield Drive, Ribbleton, Preston, Lancashire PR2 6SX3
£115K02/230.22 mi48, Heathfield Drive, Ribbleton, Preston, Lancashire PR2 6SX3
£185K01/210.24 mi4, Springsands Close, Fulwood, Preston, Lancashire PR2 9AN3
£235K06/230.26 mi22, Whinsands Close, Fulwood, Preston, Lancashire PR2 9AP3
£107.5K01/230.28 mi20, Marsett Place, Ribbleton, Preston, Lancashire PR2 6ST3
£182K01/210.28 mi85, Cromwell Road, Ribbleton, Preston, Lancashire PR2 6YE3
£121K03/210.29 mi515, Watling Street Road, Ribbleton, Preston, Lancashire PR2 6TX3
£200K05/210.32 mi1, Carleton Avenue, Fulwood, Preston, Lancashire PR2 6YA3
£230K03/230.32 mi26, Haighton Drive, Fulwood, Preston, Lancashire PR2 9LU3
£180K10/210.33 mi347, Watling Street Road, Fulwood, Preston, Lancashire PR2 6XY3
£260K05/230.33 mi353, Watling Street Road, Fulwood, Preston, Lancashire PR2 6XY3
£115K12/210.34 mi61, Gisburn Road, Ribbleton, Preston, Lancashire PR2 6SS3
£80K05/210.34 mi33, Gisburn Road, Ribbleton, Preston, Lancashire PR2 6SS3
£120K04/230.34 mi57, Gisburn Road, Ribbleton, Preston, Lancashire PR2 6SS3
£206K11/200.34 mi1, Wookey Close, Fulwood, Preston, Lancashire PR2 9HE3
£94K03/210.34 mi9, Ambleside Road, Ribbleton, Preston, Lancashire PR2 6QU3
£202.5K03/210.36 mi6, Cheddar Drive, Fulwood, Preston, Lancashire PR2 9HA3
£195K12/200.36 mi15, Cheddar Drive, Fulwood, Preston, Lancashire PR2 9HA3
£115K07/230.37 mi75, Garsdale Road, Ribbleton, Preston, Lancashire PR2 6TA3
£133K12/200.37 mi35, Lambert Road, Ribbleton, Preston, Lancashire PR2 6YP3
£225K01/210.4 mi15, Burrington Close, Fulwood, Preston, Lancashire PR2 9HW3
£180K12/210.41 mi82, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£167.5K04/210.41 mi76, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£163K11/200.41 mi56, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£135K11/200.41 mi95, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£170K12/200.43 mi9, Coniston Road, Fulwood, Preston, Lancashire PR2 8AX3
£200K12/200.43 mi53, Squires Wood, Fulwood, Preston, Lancashire PR2 9QA3
£154K08/210.43 mi51, Squires Wood, Fulwood, Preston, Lancashire PR2 9QA3
£170K12/210.43 mi10, Squires Wood, Fulwood, Preston, Lancashire PR2 9QA3
£186K05/210.43 mi4, Squires Wood, Fulwood, Preston, Lancashire PR2 9QA3
£224K01/230.43 mi61, Squires Wood, Fulwood, Preston, Lancashire PR2 9QA3
£228K11/200.44 mi9, Almond Close, Fulwood, Preston, Lancashire PR2 9PZ3
£90K03/210.44 mi9, Sion Close, Ribbleton, Preston, Lancashire PR2 6RP3
£155K02/230.44 mi11, Sion Close, Ribbleton, Preston, Lancashire PR2 6RP3
£132K08/210.44 mi40, Sion Close, Ribbleton, Preston, Lancashire PR2 6RP3
£146K01/210.44 mi2, Ashdown Mews, Fulwood, Preston, Lancashire PR2 9LE3
£133K03/210.45 mi59, Ramsey Avenue, Preston, Lancashire PR1 6EN3
£216K09/210.45 mi60, Coniston Road, Fulwood, Preston, Lancashire PR2 8AY3
£156K06/210.45 mi79, Coniston Road, Fulwood, Preston, Lancashire PR2 8AY3

Local Rents

18 rents from £750/mo to £1.2K/mo, average is £948/mo.

RentDateDistanceAddressBeds 
£90006/240.05 mi-3
£75007/240.14 miEllerbeck Avenue, Preston, PR23
£80012/240.22 mi-3
£90006/240.26 miRedsands Drive, Ashton-On-Ribble, Preston3
£85003/250.29 mi-3
£1,04903/250.36 mi-3
£1,20012/240.36 mi-3
£1,05003/250.4 mi-3
£85003/250.4 mi-3
£75006/240.45 mi-3
£1,00012/240.48 mi-3
£1,19503/250.52 mi-3
£1,20001/250.52 mi-3
£90012/240.52 mi-3
£1,00007/240.53 miOban Crescent, Preston, PR13
£1,00008/240.53 mi-3
£99503/250.53 mi-3
£90003/250.57 mi-3

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

1.28 miles away

Nearest school

0.20 miles away

Nearest train station

2.40 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £99,000

January 19, 2024

Floor Plans

Description

  • Three Bedroom +
  • Terrace +
  • Lots of Potential +
  • Close To Amenities +
  • Excellent Travel Links +
  • Must Be Viewed +
  • EPC Rating F +
  • Approx 840 SQ.FT +

Ben Rose Estate Agents are pleased to introduce to the market this NO CHAIN, three-bedroom terraced property located in a pleasant residential area of Ribbleton, Preston. In need of modernisation throughout, this property is ideal for those seeking a project and offers great potential to become a comfortable family home. Not only does the property provide ample potential, but it also benefits from close proximity to local amenities, including nearby schools and supermarkets, with convenient travel links to Preston City centre and nearby motorways, offering easy access to other major towns and cities.

Internally, the property features an entrance hall with stairs leading to the upper level and access to the spacious lounge/diner. The lounge/diner spans the full length of the property and enjoys the benefits of dual aspect windows. The kitchen at the rear of the property is generously sized and provides access to the garden. Adjacent to the kitchen is a convenient storage room with great potential to be a utility room.

Moving upstairs, there are three well-proportioned bedrooms, along with a two-piece bathroom and a separate WC.

Externally, a paved path at the front leads to the front door alongside a lawn garden, with ample space for on-road parking. To the rear, there is more garden space primarily laid to lawn.

Agent Details

Ben Rose, Bamber Bridge

01789 335881

Next Steps?

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