2 Bed Flat, Cash/Bridging Only, Preston, PR2 3AX, £85,000
93 Royal Drive, Fulwood, Preston, Lancashire, PR2 3AX - 10 months ago
Leasehold
Cash
ROI: 10%
51 m²





+7 photos
ValuationFair Value
Sold Prices | £66K - £160K |
Sold Prices/m² | £1.3K/m² - £2.3K/m² |
| |
Square Metres | 51 m² |
Price/m² | £1.7K/m² |
Value Estimate | £85,850 |
| |
End Value (After Refurb) | £86,500 |
Uplift in Value | +2% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £21,250 |
Stamp Duty & Legal Fees | £5,450 |
Refurb Costs | £21,583 |
Bridging Loan Interest | £2,231 |
Total Cash In | £52,264 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £86,500 |
Mortgage (After Refinance) | £64,875 |
Mortgage LTV | 75% |
Cash Released | £1,125 |
Cash Left In | £51,139 |
Equity | £21,625 |
Rent Range | £600 - £2,094 |
Rent Estimate | £881 |
Running Costs/mo | £467 |
Cashflow/mo | £414 |
Cashflow/yr | £4,974 |
ROI | 10% |
Gross Yield | 12% |
Local Sold Prices
23 sold prices from £66K to £160K, average is £86K. £1.3K/m² to £2.3K/m², average is £1.8K/m².
Local Rents
50 rents from £600/mo to £2.1K/mo, average is £795/mo.
Local Area Statistics
Population in PR2 | 77,713 |
Population in Preston | 286,036 |
Town centre distance | 1.18 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.33 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | -7% |
Sales demand | Seller's market |
Capital growth (5yrs) | +25% |
Property History
Price changed to £85,000
January 7, 2025
Listed for £90,000
May 15, 2024
Floor Plans
