3 Bed Semi-Detached House, Single Let, Lancaster, LA2 0DD, £235,000

4 St Michaels Gardens, Cockerham, Nr Lancaster, LA2 0DD - a year ago

Under Offer

BTL

93 m²

+10 photos

ValuationOvervalued

Sold Prices	£92.5K - £425K
Sold Prices/m²	£1.2K/m² - £6.1K/m²

Square Metres	93 m²
Price/m²	£2.5K/m²
Value Estimate	£209,681£209,681

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£58,750£58,750
Stamp Duty & Legal Fees	£8,250£8,250
Total Cash In	£67,000£67,000

Cash Out
Rent Range	£575 - £1,950£575 - £1,950
Rent Estimate	£609
Running Costs/mo	£876£876
Cashflow/mo	£-267£-267
Cashflow/yr	£-3,206£-3,206
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £92.5K to £425K, average is £205K. £1.2K/m² to £6.1K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£327.5K	03/21	0.19 mi	Dobsons Farmhouse, Turners Lane, Barnacre, Preston, Lancashire PR3 1GJ	£2,500	131	3	Detached House
£185K	10/22	0.74 mi	4, Kenlis Road, Barnacre, Preston, Lancashire PR3 1GD	-	-	3	Terraced House
£190K	11/22	0.79 mi	44, Chepstow Gardens, Garstang, Preston, Lancashire PR3 1TJ	-	-	3	Terraced House
£160K	10/20	0.79 mi	16, Spalding Avenue, Garstang, Preston, Lancashire PR3 1TN	£1,798	89	3	Terraced House
£205K	08/23	0.79 mi	14, Spalding Avenue, Garstang, Preston, Lancashire PR3 1TN	£2,563	80	3	Semi-Detached House
£200K	07/23	0.79 mi	9, Spalding Avenue, Garstang, Preston, Lancashire PR3 1TN	£2,186	92	3	Terraced House
£255K	02/21	0.89 mi	22, Greenacres Drive, Garstang, Preston, Lancashire PR3 1RQ	-	-	3	Semi-Detached House
£258.5K	02/21	1.09 mi	7, Home Field, Garstang, Preston, Lancashire PR3 1JT	£3,272	79	3	Detached House
£290K	09/23	1.09 mi	9, Home Field, Garstang, Preston, Lancashire PR3 1JT	-	-	3	Detached House
£200K	11/22	1.16 mi	46, Garstang Road, Bowgreave, Preston, Lancashire PR3 1YE	£2,439	82	3	Semi-Detached House
£235K	04/23	1.17 mi	3, Rivermead Drive, Garstang, Preston, Lancashire PR3 1JJ	-	-	3	Semi-Detached House
£205.5K	11/22	1.18 mi	22a, Windsor Road, Garstang, Preston, Lancashire PR3 1ED	-	-	3	Terraced House
£227K	01/21	1.21 mi	6, Station Way, Garstang, Preston, Lancashire PR3 1DN	£3,027	75	3	Detached House
£225K	11/20	1.23 mi	2, Fell View Close, Garstang, Preston, Lancashire PR3 1HP	£2,922	77	3	Detached House
£420K	09/23	1.23 mi	5, Yewlands Drive, Garstang, Preston, Lancashire PR3 1JP	£6,087	69	3	Detached House
£420K	02/21	1.25 mi	12, Larch Grove, Garstang, Preston, Lancashire PR3 1LE	-	-	3	Detached House
£245K	12/22	1.25 mi	27, Topiary Gardens, Bowgreave, Preston, Lancashire PR3 1YF	£2,149	114	3	Detached House
£250K	05/23	1.26 mi	5, The Moorings, Garstang, Preston, Lancashire PR3 1PG	£1,907	131	3	Terraced House
£350K	12/20	1.26 mi	15, Croston Road, Garstang, Preston, Lancashire PR3 1EN	£3,017	116	3	Detached House
£205K	02/21	1.3 mi	11, Hill View Road, Garstang, Preston, Lancashire PR3 1JU	£2,697	76	3	Semi-Detached House
£280K	02/23	1.34 mi	14, Sussex Drive, Garstang, Preston, Lancashire PR3 1ET	-	-	3	Semi-Detached House
£235K	08/23	1.35 mi	3, Windsor Gardens, Garstang, Preston, Lancashire PR3 1EG	£1,506	156	3	Semi-Detached House
£207K	10/21	1.36 mi	10, Gregory Meadow, Garstang, Preston, Lancashire PR3 1DS	£2,797	74	3	Semi-Detached House
£243.5K	10/20	1.39 mi	11, Green Lane East, Cabus, Preston, Lancashire PR3 1JS	£2,255	108	3	Semi-Detached House
£92.5K	12/20	1.4 mi	20, The Hawthorns, Cabus, Preston, Lancashire PR3 1NF	£1,217	76	3	Terraced House
£425K	09/23	1.43 mi	6, Moss Lane, Garstang, Preston, Lancashire PR3 1HB	-	-	3	Detached House
£115K	07/21	1.43 mi	Park Hill, Moss Lane, Garstang, Preston, Lancashire PR3 1HB	£1,769	65	3	Semi-Detached House
£188K	05/21	1.43 mi	14, Worcester Avenue, Garstang, Preston, Lancashire PR3 1EJ	-	-	3	Semi-Detached House
£200K	12/20	1.43 mi	4, Alpine Heights, Garstang, Preston, Lancashire PR3 1PF	£2,105	95	3	Semi-Detached House
£195K	11/20	1.44 mi	2, Birch Road, Garstang, Preston, Lancashire PR3 1WJ	£1,667	117	3	Semi-Detached House
£168K	09/21	1.45 mi	43, Grizedale Avenue, Garstang, Preston, Lancashire PR3 1ND	-	-	3	Terraced House
£179.5K	02/21	1.45 mi	61, Grizedale Avenue, Garstang, Preston, Lancashire PR3 1ND	£1,662	108	3	Semi-Detached House
£195K	09/23	1.45 mi	3, Grizedale Avenue, Garstang, Preston, Lancashire PR3 1ND	-	-	3	Semi-Detached House
£192K	08/23	1.45 mi	19, Grizedale Avenue, Garstang, Preston, Lancashire PR3 1ND	£1,979	97	3	Terraced House
£153K	12/21	1.45 mi	34, Grizedale Avenue, Garstang, Preston, Lancashire PR3 1WD	-	-	3	Terraced House
£140K	11/20	1.45 mi	40, Grizedale Avenue, Garstang, Preston, Lancashire PR3 1WD	£1,667	84	3	Terraced House
£225K	07/21	1.46 mi	20, Dorchester Road, Garstang, Preston, Lancashire PR3 1FD	£2,103	107	3	Semi-Detached House
£230K	12/20	1.46 mi	25, Dorchester Road, Garstang, Preston, Lancashire PR3 1FD	£2,396	96	3	Semi-Detached House
£298K	03/23	1.47 mi	55, Worcester Avenue, Garstang, Preston, Lancashire PR3 1FJ	£3,322	90	3	Semi-Detached House
£190K	10/22	1.48 mi	23, Grizedale Avenue, Garstang, Preston, Lancashire PR3 1ND	£2,405	79	3	Terraced House
£150K	02/21	1.49 mi	2, Whitewell Close, Catterall, Preston, Lancashire PR3 1XQ	-	-	3	Semi-Detached House
£185K	02/21	1.49 mi	6, Norton Road, Cabus, Preston, Lancashire PR3 1JY	£1,832	101	3	Semi-Detached House
£215K	01/21	1.51 mi	62, Dorchester Road, Garstang, Preston, Lancashire PR3 1HH	£2,210	97	3	Semi-Detached House
£200K	07/23	1.51 mi	37, Norton Road, Cabus, Preston, Lancashire PR3 1JX	-	-	3	Semi-Detached House
£211.5K	11/22	1.52 mi	6, Catterall Gates Lane, Catterall, Preston, Lancashire PR3 1YH	£3,212	66	3	Semi-Detached House
£185K	03/23	1.52 mi	62, Meadowcroft Avenue, Catterall, Preston, Lancashire PR3 1ZH	£2,202	84	3	Semi-Detached House
£240K	03/21	1.52 mi	5, Catterall Gates Lane, Catterall, Preston, Lancashire PR3 1YH	£3,713	65	3	Semi-Detached House
£178K	12/20	1.52 mi	10, Catterall Gates Lane, Catterall, Preston, Lancashire PR3 1YH	£2,657	67	3	Semi-Detached House
£200K	06/21	1.52 mi	6, Catterall Gates Lane, Catterall, Preston, Lancashire PR3 1YH	£3,038	66	3	Semi-Detached House
£170K	08/23	1.56 mi	20, Fairsnape Drive, Garstang, Preston, Lancashire PR3 1WH	£2,394	71	3	Semi-Detached House

Local Rents

30 rents from £575/mo to £1.9K/mo, average is £825/mo.

Rent	Date	Distance	Address	Beds	Type
£675	06/24	0.79 mi	-	2	Flat
£695	11/24	0.79 mi	-	2	Flat
£675	06/24	0.79 mi	Spalding Avenue, Garstang, PR3	2	Flat
£750	06/24	0.9 mi	Anderton Way, Garstang	2	Flat
£950	06/24	0.95 mi	Broad Oak Avenue, Garstang, Preston, Lancashire, PR3	3	Detached House
£850	03/25	1.11 mi	-	2	Flat
£900	06/24	1.12 mi	High Street, Garstang, PR3	3	Detached House
£650	12/24	1.15 mi	High Street, Garstang, Preston, PR3	1	Flat
£600	06/24	1.17 mi	-	1	Flat
£695	12/24	1.17 mi	Waters Edge Green, Garstang, Preston	2	Flat
£1,900	12/24	1.22 mi	Huntington Close, Bowgreave, Preston	5	Detached House
£900	12/24	1.29 mi	Garstang, Preston, PR3	2	Flat
£800	06/24	1.3 mi	Lancaster Road, Garstang, PR3	2	Flat
£900	06/24	1.3 mi	Dorchester Road, Garstang	3	Flat
£850	12/24	1.3 mi	Dorchester Road, Garstang	3	Bungalow
£750	12/24	1.43 mi	Croston Road, Garstang, Preston, Lancashire, PR3	2	Flat
£575	06/24	1.43 mi	Thermdale Close, Garstang, Preston, PR3	1	Flat
£650	12/24	1.43 mi	Thermdale Close, Garstang, Preston, PR3	1	Flat
£1,400	06/24	1.48 mi	St. Thomas Way, Garstang, Preston, Lancashire, PR3	4	Detached House
£758	04/25	1.48 mi	-	2	Flat
£1,500	06/24	1.49 mi	-	4	Detached House
£875	06/24	1.57 mi	Keepers Wood Way, Catterall, Lancashire, PR3	3	Flat
£1,150	06/24	1.63 mi	Mather Avenue	3	Detached House
£925	12/24	1.63 mi	Cock Robin Lane, Catterall, Preston, Lancashire	4	Semi-Detached House
£650	06/24	1.69 mi	Nightingale Way, Catterall, Preston, PR3	2	Flat
£1,200	06/24	1.72 mi	Parkside Lane, Nateby, Preston	3	Flat
£925	06/24	1.72 mi	Boyes Avenue, Catterall, PR3	3	Detached House
£625	11/24	1.72 mi	-	2	Flat
£675	04/25	1.72 mi	-	2	Flat
£1,950	06/24	2.3 mi	Church Street, Churchtown, Preston, Lancashire	4	Detached House

Local Area Statistics

Population in LA2	21,97921,979
Population in Lancaster	74,07574,075
Town centre distance	9.90 miles away9.90 miles away
Nearest school	1 miles away1 miles away
Nearest train station	11.43 miles away11.43 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+7%+7%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+18%+18%

Property History

Listed for £235,000

May 23, 2024

Floor Plans

Description

Must be viewed to fully appreciate the size of this beautifully presented home +
REDUCED to £235,000 Region +
Lovely Semi-Rural Location with Rural Views Extending to the Coast. +
Spacious Dining Kitchen +
3 Double Sized Bedrooms +
Full Double Glazing and Gas Central Heating +
Good Size Rear Garden, Fully Blocked Paved For Easy Maintenance +
Allocated Off Road Parking To The Rear +

A lovely new build semi-detached house offering 3 double sized bedrooms, spacious kitchen diner, lounge, downstairs cloakroom, upstairs shower room, full double glazing, gas central heating, enclosed rear patio and private parking in a lovely semi-rural location conveniently on the village fringe with rural views extending to the Coast.

Agent Details

Richard Turner & Son, Bentham (Nr Lancaster),

01524 967488

Next Steps?

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

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