2 Bed Flat, Single Let, Preston, PR1 4LQ, £75,000

Mercer Street, Preston, Lancashire, PR1 4LQ - 2 views - a year ago

Sold STC
Leasehold
BTL
ROI: 12%
~63 m²
+6 photos

ValuationUndervalued

Sold Prices£23.5K - £152K
Sold Prices/m²£458/m² - £5.8K/m²

 

 

Square Metres

~62.70 m²
Price/m²£1.2K/m²

Value Estimate

£92,250
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£575 - £1,500

Rent Estimate

£597

Running Costs/mo

£374

Cashflow/mo

£223

Cashflow/yr

£2,679

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £23.5K to £152K, average is £84K. £458/m² to £5.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£60K04/210.05 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£67K12/220.07 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£44.5K10/200.07 miApartment 58, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.07 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£65K04/210.24 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£81K12/220.42 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£82K05/230.43 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.43 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.43 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£50K07/230.59 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.59 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£130K06/230.72 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£79.5K04/210.76 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£80K09/210.91 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£105K01/231.3 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£85K12/221.34 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£78K03/231.34 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£97K01/231.41 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£80K06/211.48 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£61.5K12/221.49 miFlat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£52.5K04/211.49 miFlat 21, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£59.4K10/201.49 miFlat 14, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£128K05/231.58 mi86, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£131K05/231.58 mi86a, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£108K03/221.6 mi184, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£102K07/221.6 mi182, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£108K05/221.62 mi188, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£100K09/211.62 mi198, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£110K04/211.62 mi206, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£25.2K06/231.65 mi3, Glenview Court, Ribbleton, Preston, Lancashire PR2 6EG2
£50K10/211.67 miFlat 4, Birchall Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£23.5K02/211.67 miFlat 2, Travers Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£48.5K01/211.67 miFlat 4, Elston Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£83K10/211.68 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£86K03/231.68 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.68 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.68 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£105K07/211.72 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/231.72 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/201.72 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£47K05/211.73 miFlat 3, Beacon Lodge, Fir Trees Place, Ribbleton, Preston, Lancashire PR2 6FL2
£102.5K10/201.73 mi52, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX2
£115K05/231.73 mi52, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX2
£115K04/211.74 mi75, Neapsands Close, Fulwood, Preston, Lancashire PR2 9AQ2
£92K05/211.75 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£75K11/201.76 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£104K06/211.76 mi7, Halliwell Heights, Walton Le Dale, Preston, Lancashire PR5 4NT2
£152K07/231.79 mi18, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£116K09/221.79 mi22, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£150K09/221.79 mi14, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2

Local Rents

49 rents from £575/mo to £1.5K/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£67507/240 miMercer Street, Preston, PR12
£70006/240.01 miWoodrow House,Mercer Street, Preston, PR1 4LQ2
£57506/240.03 miKayley House, Preston2
£57507/240.03 miKayley House, New Hall Lane, Preston2
£75008/240.03 mi-2
£75008/240.03 mi-2
£85003/250.04 mi-2
£60007/240.07 miCromford Walk, Preston2
£75006/240.07 miCentenary Mill, New Hall Lane2
£80008/240.07 miCentenary Mill, Preston2
£79508/240.07 miCentenary Mill Court, New Hall Lane, Preston, PR12
£89501/250.07 mi-2
£79506/240.07 mi-2
£89506/240.07 mi-2
£95008/240.07 mi-2
£89508/240.07 mi-2
£85003/250.07 mi-2
£99511/240.07 mi-2
£79501/250.07 mi-2
£85007/240.07 miCentenary Mill Court, Preston, PR12
£89507/240.07 miCentenary Mill Court, Preston, PR12
£89508/240.07 miCentenary Mill Court, Preston, PR12
£75003/250.1 mi-2
£75012/240.22 mi-2
£57503/250.24 mi-2
£72507/240.29 miCaroline Street, Preston2
£80008/240.31 mi-2
£80003/250.31 mi-2
£80007/240.31 miDeepdale Road, Preston, PR12
£62502/240.33 mi-2
£79508/240.34 miCoronation Crescent, Frenchwood, Preston, PR12
£75001/250.35 mi-2
£80012/240.35 mi-2
£75008/240.35 miSkeffington Road, Preston, PR12
£1,00011/240.36 mi-2
£93003/250.36 mi-2
£75007/240.38 mi-2
£75007/240.38 miWalker Place, Preston, PR12
£75007/240.38 miWalker Place, Preston, PR12
£1,15006/240.39 miThe Exchange, Percy Street, Preston2
£1,20006/240.39 miThe Exchange, Percy Street, Preston2
£1,17506/240.39 miThe Exchange, Percy Street, Preston2
£1,35006/240.39 miThe Exchange, Percy Street, Preston2
£1,20006/240.39 miThe Exchange, Percy Street, Preston2
£1,50006/240.39 miThe Exchange, Percy Street , Preston2
£1,00006/240.39 miThe Exchange, Percy Street, Preston2
£1,14506/240.39 miThe Exchange, Percy Street, Preston2
£1,00006/240.39 miThe Exchange, Percy Street, Preston2
£1,27006/240.39 miThe Exchange, Percy Street, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.63 miles away

Nearest school

0.10 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £75,000

March 23, 2024

Floor Plans

Description

  • Fantastic investment opportunity with tenant in situ +
  • Modern and spacious two bedroom first floor apartment +
  • Excellent access for Preston city centre & local amenities +
  • Hallway, open plan lounge / dining kitchen +
  • Two double bedrooms, en-suite and bathroom +
  • No chain delay and viewing recommended +

Fantastic investment opportunity with tenant in situ. Modern and spacious two double bedroom first floor apartment boasting an open plan lounge- dining kitchen and two bathrooms. No chain delay and viewing highly recommended. Situated within a popular location in Preston offering easy access to the city centre, train station and local amenities. The accommodation briefly comprises; hallway, open plan lounge- dining kitchen with integrated appliances, two double bedrooms with fitted wardrobes, master en-suite shower room and modern bathroom. Double glazing, electric heating system. Call now to arrange your viewing on .

Agent Details

Entwistle Green, Preston

01772 284722

Next Steps?

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