2 Bed Flat, Single Let, Preston, PR1 8PX, £85,000

Burleigh Road, Preston, PR1 8PX - 4 views - a year ago

BTL
ROI: 7%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£50K - £170K
Sold Prices/m²£1.1K/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£106,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£675 - £2,185

Rent Estimate

£550

Running Costs/mo

£396

Cashflow/mo

£154

Cashflow/yr

£1,853

ROI

7%

Gross Yield

8%

Local Sold Prices

27 sold prices from £50K to £170K, average is £105K. £1.1K/m² to £3.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£105K01/230.02 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£85K12/220.27 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£97K01/230.45 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£79.5K04/210.67 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£100K10/200.77 mi94a, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£140K12/220.77 mi54, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£50K07/230.78 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.78 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£130K11/220.82 mi13, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£105K09/230.82 mi49, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£118K04/230.82 mi4, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£145K11/210.85 mi138, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XE2
£125K01/230.85 mi184, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XF2
£142.5K06/230.85 mi44, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£163K02/230.85 mi42, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£123K12/220.85 mi30, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£151.5K01/230.85 mi56, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£80K06/210.88 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£82K05/230.89 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.89 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.89 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£81K12/220.9 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£110K11/220.91 miFlat 7, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£112.5K07/230.91 miFlat 5, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£170K02/230.94 miFlat 88, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YZ2
£78K03/231 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£128K12/201 miFlat 6, Wembley Court, Wembley Avenue, Penwortham, Preston, Lancashire PR1 9UW2

Local Rents

50 rents from £675/mo to £2.2K/mo, average is £997/mo.

RentDateDistanceAddressBeds 
£80007/240.02 mi-2
£72506/240.06 miLangton Street, PRESTON PR1 8PY2
£75006/240.06 miLangton Street, Preston2
£75007/240.09 miChrist Church Street, Preston, PR12
£87207/240.09 miChrist Church Street, Preston, Lancashire, PR12
£95010/240.09 mi-2
£86707/240.09 mi-2
£86707/240.09 mi-2
£1,04006/240.09 miChristchurch Street-Flat 1, PRESTON PR1 8PH2
£82307/240.09 miChristchurch Street flat 2, PRESTON PR1 8PH2
£75008/240.11 miChrist Church Street, Preston2
£75008/240.11 miChrist Church Street, Preston2
£1,08306/240.12 miFlat 2 Preston PR1 8JE2
£1,08306/240.12 miFlat 1 Preston PR1 8JE2
£1,08306/240.12 mi Preston PR1 8JE2
£85008/240.14 mi-2
£85009/240.14 mi-2
£1,12708/240.14 mia Fishergate Hill, Preston2
£97106/240.15 miFishergate Hill Flat, PRESTON, Lancashire PR1 8JB2
£1,40007/240.15 miThe Old County Hotel, Fishergate Hill, Preston2
£1,49503/250.15 mi-2
£1,49503/250.15 mi-2
£90007/240.2 miStation Terrace, Waltons Parade2
£79511/240.2 mi-2
£1,64506/240.21 mi-2
£2,18509/240.21 mi-2
£2,18503/250.21 mi-2
£99708/240.23 miFishergate Court, Flat 1, PRESTON, Lancashire PR1 8JB2
£1,04008/240.23 miFishergate Court, Flat 2, PRESTON, Lancashire PR1 8JB2
£99708/240.23 miFishergate Court, Flat 3, PRESTON, Lancashire PR1 8JB2
£1,10007/240.23 miFlat , Fishergate Court, Fishergate, Preston2
£75008/240.23 mi-2
£75003/250.23 mi-2
£1,10006/240.26 miThe Sorting Office, 42 West Cliff, Preston, PR12
£85006/240.27 miWest Cliff, Preston2
£95007/240.29 miWest Cliff, Preston2
£75006/240.29 mi-2
£69506/240.3 miTaylor Street, Broadgate, Preston PR12
£99506/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£1,10006/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£1,27507/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£1,10007/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£1,25007/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£1,27507/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£67507/240.32 miTyne Street, Preston2
£1,17506/240.32 miBishopgate Gardens, Bishopgate, Preston2
£1,15006/240.32 miBishopgate Gardens, Bishopgate, Preston2
£1,05007/240.32 miBishopgate Gardens, Bishopgate, Preston2
£1,15007/240.32 miBishopgate Gardens, Bishopgate , Preston2
£1,40006/240.32 miBishopgate Gardens, Bishopgate, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

1.27 miles away

Nearest school

0.40 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £85,000

April 19, 2024

Floor Plans

Description

  • Fitted Kitchen +
  • Sold With Tenant In Situ +
  • Ideal Investment Opportunity +
  • Three Piece Bathroom +
  • Large Living Room +
  • Two Bedroom Apartment +

Calling all investors! This two bedroom apartment in the heart of Preston is ideal for a rental opportunity. Located within easy access of Preston city center with excellent shops and transport links. 

This property has been used as a rental by the current vendors achieving an approximate income of £550 PCM. 

Upon entering the property through the entrance porch, the stairs lead to the internal rooms. The kitchen features plenty of wall and base storage units with space for built in appliances. Bedroom one and two are a good size and can fit multiple pieces of furniture. 

The property is in good condition and sold with tenant in Situ. The tenant has been there for many years, making this ideal for an investor. 

To view this property, Please call Dewhurst Homes on or email

Disclaimer:

These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

Agent Details

Dewhurst Homes, Fulwood

01772 963627

Next Steps?

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