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3 Bed Flat, Single Let, Preston, PR1 3LT, £185,000

46 Guild House, Cross Street, Preston, UK - 6 views - a year ago

Leasehold
BTL
ROI: 3%
74 m²
+21 photos

ValuationUndervalued

Sold Prices£128K - £490K
Sold Prices/m²£1.2K/m² - £3.9K/m²

 

 

Square Metres

74 m²
Price/m²£2.5K/m²

Value Estimate

£206,503
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£625 - £1,800

Rent Estimate

£890

Running Costs/mo

£776

Cashflow/mo

£114

Cashflow/yr

£1,367

ROI

3%

Gross Yield

6%

Local Sold Prices

18 sold prices from £128K to £490K, average is £195K. £1.2K/m² to £3.9K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£135K03/210.98 mi24, Garstang Road, Preston, Lancashire PR1 1NA3
£250K11/201.35 mi35, Far Field, Penwortham, Preston, Lancashire PR1 9YQ3
£218K12/201.35 mi57, Far Field, Penwortham, Preston, Lancashire PR1 9YQ3
£128K02/231.38 mi251, Plungington Road, Fulwood, Preston, Lancashire PR2 3PQ3
£204.9K06/211.5 mi1, Hill Road South, Penwortham, Preston, Lancashire PR1 9YT3
£185K10/221.57 miFlat 76, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YZ3
£265K11/211.61 mi10, Broad Oak Lane, Penwortham, Preston, Lancashire PR1 0UX3
£145K07/211.65 miApartment 9, Woodville Court, Woodville Road, Penwortham, Preston, Lancashire PR1 9BW3
£255K11/201.7 mi105, Pope Lane, Penwortham, Preston, Lancashire PR1 9DB3
£154K08/211.76 mi81, Princes Reach, Ashton On Ribble, Preston, Lancashire PR2 2GB3
£185K10/212.2 mi1, Maureen Avenue, Lostock Hall, Preston, Lancashire PR5 5BN3
£220K11/202.33 mi16, Blake Avenue, Lostock Hall, Preston, Lancashire PR5 5LY3
£180K07/232.4 mi24, St Francis Close, Fulwood, Preston, Lancashire PR2 9WH3
£168K09/222.69 mi22, Scarlett Drive, Hutton, Preston, Lancashire PR4 4BH3
£160K12/202.69 mi36, Scarlett Drive, Hutton, Preston, Lancashire PR4 4BH3
£490K08/212.7 mi1, Parker Lane, Whitestake, Preston, Lancashire PR4 4JX3
£316K03/212.82 mi1, Gleneagles Drive, Fulwood, Preston, Lancashire PR2 7ES3
£239.9K12/202.84 mi22, The Dellway, Hutton, Preston, Lancashire PR4 5TA3

Local Rents

50 rents from £625/mo to £1.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,00007/240.06 miGuild House, Preston3
£62503/250.1 mi-3
£72502/250.1 mi-3
£1,40007/240.11 miGlovers Court, Preston3
£1,65007/240.11 miCity Bridge Apartments, Glovers Court, Preston3
£1,56006/240.14 miRibblesdale Place Preston PR1 3NA3
£92506/240.17 miGreat Avenham Street, Preston, Lancashire, PR13
£1,63606/240.18 miConnaught House, 15-17 Mount Street, Preston, PR13
£1,56907/240.19 miMount Street, Preston, Lancashire, PR13
£1,17507/240.34 miPole Street, Preston, PR13
£1,56007/240.35 mi1 Pole Street Preston PR1 1DX3
£1,25007/240.36 mi4 Pole Street, Preston, PR13
£1,49506/240.37 miPole Street, Preston, Lancashire, PR13
£1,00004/250.37 mi-3
£1,30007/240.37 miFriargate, PRESTON, PR1 2AT3
£1,37507/240.37 miFriargate, PRESTON PR1 2AT3
£1,15007/240.38 miThe Exchange Apartments, Preston3
£1,15008/240.41 miPercy Street, Preston, Lancashire, PR13
£1,32606/240.41 miFishergate, Preston3
£1,65006/240.44 miThe Exchange, Percy Street, Preston3
£1,80006/240.44 miThe Exchange, Percy Street, Preston3
£1,80007/240.44 miThe Exchange, Percy Street , Preston 3
£1,57006/240.44 miThe Exchange, Percy Street, Preston3
£1,65006/240.44 miThe Exchange, Percy Street, Preston3
£1,80007/240.44 miThe Exchange, Percy Street, Preston3
£1,55007/240.44 miThe Exchange, Percy Street , Preston3
£1,56506/240.44 miThe Exchange, Percy Street, Preston3
£1,61507/240.44 miThe Exchange, Percy Street, Preston3
£1,80006/240.44 miThe Exchange, Percy Street, Preston3
£1,80007/240.44 miThe Exchange, Percy Street, Preston3
£1,58007/240.44 miThe Exchange, Percy Street, Preston3
£1,80007/240.44 miThe Exchange, Percy Street, Preston3
£1,80007/240.44 miThe Exchange, Percy Street, Preston3
£1,80007/240.44 miThe Exchange, Percy Street, Preston3
£1,80007/240.44 miThe Exchange, Percy Street, Preston3
£1,59508/240.44 miThe Exchange, Percy Street, Preston 3
£1,80008/240.44 miThe Exchange, Percy Street , Preston 3
£1,60009/240.44 miThe Exchange , Percy Street, Preston3
£1,47507/240.46 miThe Sorting Office, 42 West Cliff, Preston3
£1,15007/240.46 miThe Sorting Office, 42 West Cliff, Preston3
£1,50009/240.46 miThe Sorting Office, 42 West Cliff, Preston3
£99507/240.48 mi-3
£1,10007/240.48 miSt. Pauls Square, Preston, PR13
£1,45610/230.49 miFishergate Hill Middle Floor, PRESTON, Lancashire PR1 8JD3
£1,40012/240.5 miThe Street, Preston, Nr Canterbury3
£89506/240.54 miGrafton Street, Preston, Lancashire, PR13
£1,00011/240.55 mi-3
£1,25007/240.55 miGrafton Street, Preston FM3
£1,49506/240.56 miCrown Street, PRESTON, Lancashire PR1 2RU3
£95007/240.58 mi-3

Links

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.93 miles away

Nearest school

0.60 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £185,000

March 27, 2024

Description

  • Located directly on Prestons famous Winckley Square +
  • Ideal for Investment Purposes +
  • High Demand Rental Area +
  • Furniture Pack included +
  • Parking Included +
  • Ideal for Short Term Lets +

Are YOU looking for a great investment? How about a multi strategy property? Buy to let and Short Term lets? This fantastic property is ideal for both.... or even to live in. Apartment 46 is a third floor 3 bedroom apartment, 850 sqft in size and comprising of a lounge, 3 bedrooms, kitchen area and a separate bathroom. Parking & Furniture Pack included

Ideal Short Term Let Investment

This 4 storey development of studios, 1, 2 & 3 bedroom apartments is located in the heart of Preston City Centre. The apartments are within a very high demand rental area and designed to attract young professionals working within the city centre. Benefitting from white gloss kitchens and fully integrated appliances.

A 5 minute walk from Preston train station and the city centre with its huge selection of bars, restaurants and shops will also be highly sort. Centred around the open gardens of Winckley Square, it is home to some impressive Georgian architecture and just 50 yards from Preston's main retail district. Winckley Square has recently undergone a £1.2m lottery funded regeneration

Tenure: Leasehold

Agent Details

Residential Estates, Chester

01241 468142

Next Steps?

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

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