3 Bed Bungalow, Refurb/BRRR, Preston, PR2 3JJ, £239,950

Oxford Road, Fulwood, Preston, PR2 3JJ - 4 views - a year ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+13 photos

ValuationOvervalued

Sold Prices£77.5K - £385K
Sold Prices/m²£1.1K/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£169,894

 

 

End Value (After Refurb)

£225,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£59,988

Stamp Duty & Legal Fees

£8,399

Refurb Costs

£39,357

Bridging Loan Interest

£6,299

Total Cash In

£115,791

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£225,000

Mortgage (After Refinance)

£168,750

Mortgage LTV

75%

Cash Left In

£115,791

Equity

£56,250

Rent Range

£695 - £1,650

Rent Estimate

£1,022

Running Costs/mo

£928

Cashflow/mo

£94

Cashflow/yr

£1,134

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £77.5K to £385K, average is £160.5K. £1.1K/m² to £3.7K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£194K08/210.06 mi24, Eastgate, Fulwood, Preston, Lancashire PR2 3HS3
£200K01/210.09 mi29, Oxford Road, Fulwood, Preston, Lancashire PR2 3JL3
£230K09/210.11 mi11, Aubigny Drive, Fulwood, Preston, Lancashire PR2 3QL3
£242K07/230.11 mi7, Aubigny Drive, Fulwood, Preston, Lancashire PR2 3QL3
£240K04/230.12 mi18, Stratford Drive, Fulwood, Preston, Lancashire PR2 3HU3
£316.8K03/230.14 mi24, Regent Drive, Fulwood, Preston, Lancashire PR2 3JB3
£200K07/210.15 mi209, Garstang Road, Fulwood, Preston, Lancashire PR2 8JP3
£385K03/230.19 mi10, Regent Drive, Fulwood, Preston, Lancashire PR2 3JA3
£200K03/210.19 mi73, Regent Drive, Fulwood, Preston, Lancashire PR2 3JD3
£225K01/210.21 mi30, Lytham Road, Fulwood, Preston, Lancashire PR2 8JH3
£155K12/200.22 mi17, Black Bull Lane, Fulwood, Preston, Lancashire PR2 3PT3
£139.4K05/230.24 mi7, Harland Street, Fulwood, Preston, Lancashire PR2 3QB3
£290K02/230.24 mi15, Hillside Avenue, Fulwood, Preston, Lancashire PR2 3QN3
£155K01/230.26 mi17, Hardcastle Road, Fulwood, Preston, Lancashire PR2 3DP3
£135K03/210.27 mi30, Houldsworth Road, Fulwood, Preston, Lancashire PR2 3DQ3
£145K06/230.27 mi9, Blundell Road, Fulwood, Preston, Lancashire PR2 3DR3
£165K04/230.27 mi15, Blundell Road, Fulwood, Preston, Lancashire PR2 3DR3
£121K03/210.28 mi60, Ainslie Road, Fulwood, Preston, Lancashire PR2 3DE3
£335K06/210.29 mi7, The Chines, Fulwood, Preston, Lancashire PR2 8LD3
£194.5K06/210.29 mi87, Lytham Road, Fulwood, Preston, Lancashire PR2 3AR3
£130K09/230.29 mi75, Lytham Road, Fulwood, Preston, Lancashire PR2 3AR3
£117K06/210.3 mi8, Boundary Road, Fulwood, Preston, Lancashire PR2 3DS3
£112K10/210.3 mi6, Boundary Road, Fulwood, Preston, Lancashire PR2 3DS3
£95K05/210.31 mi96, Queens Road, Fulwood, Preston, Lancashire PR2 3BQ3
£129.5K03/230.33 mi464, Brook Street, Fulwood, Preston, Lancashire PR2 3AJ3
£127K08/230.33 mi189, Norris Street, Fulwood, Preston, Lancashire PR2 3AT3
£77.5K04/210.33 mi16, Lawrence Street, Fulwood, Preston, Lancashire PR2 3DT3
£136K08/230.33 mi4, Lawrence Street, Fulwood, Preston, Lancashire PR2 3DT3
£135K05/230.35 mi5, St Cuthberts Close, Fulwood, Preston, Lancashire PR2 3EH3
£107K06/210.35 mi5, St Cuthberts Close, Fulwood, Preston, Lancashire PR2 3EH3
£235K05/230.35 mi4, Old Orchard, Fulwood, Preston, Lancashire PR2 3QF3
£250K11/210.36 mi4, Highgate Close, Fulwood, Preston, Lancashire PR2 8LP3
£180K03/230.36 mi116, Queens Road, Fulwood, Preston, Lancashire PR2 3BD3
£136K09/230.37 mi7, St Michaels Close, Fulwood, Preston, Lancashire PR2 3AY3
£275K07/230.37 mi10, Greyfriars Avenue, Fulwood, Preston, Lancashire PR2 3RA3
£240K03/210.37 mi137, Black Bull Lane, Fulwood, Preston, Lancashire PR2 3PD3
£215.5K03/210.37 mi50, Greyfriars Crescent, Fulwood, Preston, Lancashire PR2 3RB3
£160K03/210.39 mi42, Symonds Road, Fulwood, Preston, Lancashire PR2 3DH3
£147K09/210.39 mi4, Mill Lane, Fulwood, Preston, Lancashire PR2 3HD3
£161K01/210.4 mi96, Lytham Road, Fulwood, Preston, Lancashire PR2 3EJ3
£115K03/210.4 mi95, Symonds Road, Fulwood, Preston, Lancashire PR2 3DJ3
£210K03/210.4 mi1, Croftgate, Fulwood, Preston, Lancashire PR2 8LS3
£125K01/230.4 mi8, Lytham Close, Fulwood, Preston, Lancashire PR2 3HB3
£148K05/230.41 mi6, Balfour Road, Fulwood, Preston, Lancashire PR2 3BX3
£117K08/210.42 mi15, Sedberg Street, Fulwood, Preston, Lancashire PR2 3BP3
£100K05/230.43 mi153, Norris Street, Fulwood, Preston, Lancashire PR2 3DU3
£293K04/230.43 mi27, Victoria Road, Fulwood, Preston, Lancashire PR2 8NE3
£167K05/210.44 mi3, Linksfield, Fulwood, Preston, Lancashire PR2 3RW3
£151K12/200.44 mi83, Royal Drive, Fulwood, Preston, Lancashire PR2 3AX3
£228K07/230.44 mi90, Royal Drive, Fulwood, Preston, Lancashire PR2 3AX3

Local Rents

50 rents from £695/mo to £1.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£85006/240.06 miStratford Drive, Fulwood3
£99506/240.16 miSouthgate, Fulwood3
£75006/240.17 miDerby Road, Fulwood, Preston, PR2 8JJ3
£90007/240.26 miHardcastle Road, Preston, PR23
£1,20007/240.27 mi-3
£1,50506/240.29 miRobinson Street, Preston, PR23
£85012/240.33 miBrook Street, Fulwood, Preston, Lancashire, PR23
£95007/240.35 miOld Orchard, Fulwood, Preston, PR2 3QF3
£83501/250.35 mi-3
£1,10001/250.4 mi-3
£1,25001/250.4 mi-3
£1,10007/240.41 mi-3
£99512/240.41 mi-3
£79506/240.41 miBalfour Road, Fulwood, Preston3
£77512/240.42 miSedberg Street, Fulwood, Preston3
£75007/240.43 miNorris Street, Fulwood3
£73412/240.45 mi-3
£1,00006/240.45 miQueens Drive, Fulwood, Preston3
£1,49507/240.45 mib Blackpool Road, Fulwood, Preston3
£1,50507/240.45 miBlackpool Road, Preston, Lancashire, PR23
£89512/240.46 mi-3
£91001/250.46 mi-3
£85006/240.49 miRoyal Drive, Fulwood3
£95007/240.49 miJemmett Street, PRESTON, Lancashire PR1 7XJ3
£97506/240.49 miCadley Causeway, Fulwood, Preston, Lancashire, PR23
£92503/250.5 mi-3
£77507/240.51 miEmmanuel Street, Preston3
£90007/240.52 mi44 Trafford Street-FM, PRESTON PR1 7XX3
£99507/240.52 miBlack Bull Lane, Fulwood, Preston3
£95006/240.53 mi15a Trafford Street, Preston3
£1,40007/240.53 miHawkhurst Avenue, Fulwood, PR23
£69510/230.53 miTrafford Street,Preston,PR13
£85006/240.53 miNorris Street, Preston, Lancashire, PR13
£1,23507/240.53 miNorris Street, PRESTON, Lancashire PR1 7QA3
£85001/250.54 mi-3
£1,10006/240.55 miHarrison Road, Fulwood3
£1,63207/240.57 miLowndes Street, Preston, Lancashire, PR13
£90007/240.57 miHenderson Street, PRESTON, PR1 7XQ3
£82512/240.57 miInkerman Street, Ashton-on-Ribble, Preston, Lancashire, PR23
£90007/240.58 miWove Court, Preston3
£1,10006/240.58 mi34 Wove Court, Garstang Road, Preston3
£1,10007/240.58 mi34 Wove Court, Garstang Road, Preston3
£1,25012/240.59 mi-3
£1,25012/240.59 miYewlands Crescent, Preston, PR23
£1,10007/240.59 miWove Court, Garstang Road, Preston, PR13
£1,65007/240.59 miLowndes Street, Preston, PR13
£80001/250.61 mi-3
£80006/240.61 mi-3
£80006/240.61 miEmmanuel Street, Preston, PR13
£1,18307/240.61 miEldon Street, PRESTON, Lancashire PR1 7XS3

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

1.27 miles away

Nearest school

0.20 miles away

Nearest train station

1.70 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £239,950

March 11, 2024

Floor Plans

Description

A very unique opportunity to purchase this detached dormer bungalow on Oxford Road, Fulwood. Offering bags of potential, this wonderful property is in a very highly demanded location yet nestled on a quiet road. Set on a very exclusive plot, with a grand driveway. In need of some modernisation with options for further amendments, you could be the next lucky owner and turn this property into your dream forever home!

Within easy access of the local amenities, schools, main motorway connections, Royal Preston Hospital and Preston City Centre. 

On internal inspection the property briefly comprises; Entrance porch, spacious hallway, family lounge, a fitted kitchen, conservatory/lean to, modern fitted three piece shower room, a double bedroom and a second double bedroom/dining room to complete the ground floor. To the first floor there are two double bedrooms with ample storage, one housing a WC.

Externally the property benefits from; extensive wrap around gardens, with ample parking for multiple vehicles, leading down to the detached garage. The south facing rear garden is a real sun trap.

The property is offered with no further chain. Viewings are highly recommended to appreciate the space and the potential on offer. Call Dewhurst Homes on to arrange your viewing now!!

Agent Details

Dewhurst Homes, Fulwood

01772 963627

Next Steps?

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