2 Bed Flat, Single Let, Preston, PR1 3LW, £139,395

Glovers Court, Preston, Lancashire, PR1 3LW - 2 views - a year ago

Leasehold
BTL
ROI: 3%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£44.5K - £175K
Sold Prices/m²£1.1K/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£92,188

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£34,849

Stamp Duty & Legal Fees

£5,382

Total Cash In

£40,231

 

 

Cash Out

 

Rent Range

£650 - £2,000

Rent Estimate

£700

Running Costs/mo

£596

Cashflow/mo

£104

Cashflow/yr

£1,253

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £44.5K to £175K, average is £91K. £1.1K/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£50K07/230.17 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.17 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£82K05/230.26 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.26 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.26 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£81K12/220.27 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£79.5K04/210.36 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£105K01/230.62 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£85K12/220.66 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£67K12/220.66 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£44.5K10/200.66 miApartment 58, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.66 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.7 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£97K01/230.84 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£80K09/210.85 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£65K04/210.87 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£130K06/230.98 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£78K03/231.05 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£80K06/211.08 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£86K03/231.34 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.34 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.34 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£83K10/211.34 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£100K10/201.39 mi94a, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£140K12/221.39 mi54, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£110K11/221.4 miFlat 7, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£112.5K07/231.4 miFlat 5, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£92K05/211.44 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£130K11/221.44 mi13, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£105K09/231.44 mi49, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£118K04/231.44 mi4, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£145K11/211.46 mi138, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XE2
£125K01/231.47 mi184, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XF2
£142.5K06/231.47 mi44, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£163K02/231.47 mi42, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£123K12/221.47 mi30, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£151.5K01/231.47 mi56, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£160K01/211.52 mi3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£75K11/201.53 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£128K12/201.56 miFlat 6, Wembley Court, Wembley Avenue, Penwortham, Preston, Lancashire PR1 9UW2
£170K02/231.56 miFlat 88, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YZ2
£135K08/231.57 mi47, Pope Lane, Penwortham, Preston, Lancashire PR1 9JN2
£105K07/211.58 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/231.58 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/201.58 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£74K02/211.6 mi18, Tinniswood, Ashton On Ribble, Preston, Lancashire PR2 1EL2
£52.5K04/211.61 miFlat 21, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£59.4K10/201.61 miFlat 14, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£61.5K12/221.61 miFlat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£175K10/211.63 miFlat 5, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2

Local Rents

50 rents from £650/mo to £2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00007/240.02 miGlovers Court, Preston2
£1,60007/240.02 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,45003/220.02 miCity Bridge Apartments, Glovers Court, Preston2
£1,60007/240.02 miCity Bridge Apartments, Glovers Court, Preston2
£1,60006/240.02 miCity Bridge Apartments, Glovers Court, Preston2
£1,45007/240.02 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,52507/240.02 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.02 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,57507/240.02 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.02 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,57507/240.02 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.02 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.02 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,65007/240.02 miBuckingham House, Glovers Court2
£2,00006/240.03 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,95007/240.03 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,29506/240.05 mi-2
£1,19508/240.05 mi-2
£1,25006/240.06 miFlat , The Union Lofts, Guildhall Street, Preston2
£1,15007/240.06 miFlat , The Union Lofts, Guildhall Street, Preston2
£92507/240.06 miPark House, Guildhall Street, Preston, Lancashire, PR12
£92507/240.06 miPark House, Guildhall Street, Preston, Lancashire, PR12
£70007/240.06 miCubic, Birley Street, Preston, PR1 2AQ2
£70007/240.06 miCubic, Birley Street, Preston, PR1 2AQ2
£70008/240.06 miCubic, Birley Street, Preston2
£97507/240.07 miPark House, Guildhall Street, Preston, PR12
£95007/240.07 miPark House, Guildhall Street, Preston, PR12
£70006/240.07 miCubic, Birley Street, Preston2
£65007/240.07 miCubic Apartment, Preston2
£85006/240.07 mi-2
£90003/250.07 mi-2
£1,25007/240.08 miFlat 13, The Union Lofts2
£1,20008/240.09 mi24 Cannon Street , Preston, 2
£1,20006/240.09 mi24 Cannon Street , Preston, 2
£1,75007/240.09 miGuild House, 17 Cross Street, Preston, PR12
£77506/240.1 miWinckley House, Winckley Square, Preston, Lancashire, PR12
£75007/240.11 miAvenham Mills, Preston2
£99510/230.11 miGoldthread Works,City Centre PR12
£1,15010/230.11 miWinckley Square, Preston, Lancashire, PR12
£1,00010/230.11 miWinckley Square, Preston, Lancashire, PR12
£85007/240.11 miWinckley Square, Preston2
£79510/230.12 miWolseley Place, Preston, Lancashire, PR12
£1,10002/240.12 mi-2
£1,00006/240.13 miWinckley Square, Preston, Lancashire, PR12
£1,25007/240.13 mi11 Winckley Street, Preston Town Centre2
£1,55008/240.13 mi13 Winckley Street, Preston, Lancashire, PR12
£72506/240.14 miCross Street, Preston2
£80007/240.14 miCross Street, Preston2
£80007/240.14 miCross Street, Preston2
£70006/240.15 miSandown Court, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.83 miles away

Nearest school

0.10 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £139,395

April 25, 2024

Floor Plans

Description

  • Just off Preston High Street +
  • Newly converted apartment within period building +
  • Two Spacious Bedrooms with ensuite +
  • Ideal for First time buyers or as Investment +

Nestled in the bustling centre of Preston, this newly converted modern apartment presents an inviting haven of contemporary living. Featuring two spacious bedrooms, including an ensuite for added convenience, it offers a seamless blend of style and functionality. With direct access to the vibrant high street, this property presents an ideal opportunity for both first-time homeowners and astute investors alike.

Agent Details

XSELL PROPERTY LTD, Sale

020 3974 8079

Next Steps?

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