2 Bed Terraced House, Single Let, Preston, PR1 1DT, £97,000

2 Derby Street, Preston, Lancashire, PR1 1DT - 3 views - 10 months ago

Sold STC
BTL
ROI: 10%
63 m²
+2 photos

ValuationOvervalued

Sold Prices£62.8K - £200K
Sold Prices/m²£707/m² - £2.7K/m²

 

 

Square Metres

62.76 m²
Price/m²£1.5K/m²

Value Estimate

£81,323

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£24,250

Stamp Duty & Legal Fees

£4,110

Total Cash In

£28,360

 

 

Cash Out

 

Rent Range

£675 - £1,595

Rent Estimate

£693

Running Costs/mo

£462

Cashflow/mo

£231

Cashflow/yr

£2,775

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £62.8K to £200K, average is £85.5K. £707/m² to £2.7K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£92K03/230.22 mi8, Wolseley Place, Preston, Lancashire PR1 3XJ2
£110K01/230.38 mi42, Great Avenham Street, Preston, Lancashire PR1 3TD2
£80K05/210.45 mi44, Trower Street, Preston, Lancashire PR1 4LY2
£83K05/230.46 mi63, Lincoln Street, Preston, Lancashire PR1 6RE2
£85K06/210.47 mi25, Coronation Crescent, Preston, Lancashire PR1 4JY2
£70K03/210.48 mi15, Stafford Road, Preston, Lancashire PR1 6LB2
£110K05/230.48 mi167, London Road, Preston, Lancashire PR1 4BA2
£100K03/210.51 mi15, Garden Street, Preston, Lancashire PR1 8BT2
£100K02/230.54 mi19, Alexandra Street, Preston, Lancashire PR1 4BL2
£95K04/230.55 mi24, Castleton Road, Preston, Lancashire PR1 6QE2
£88K02/210.55 mi84, Castleton Road, Preston, Lancashire PR1 6QE2
£95K02/230.55 mi12, Castleton Road, Preston, Lancashire PR1 6QE2
£96K03/230.56 mi41, Brockholes View, Preston, Lancashire PR1 4BH2
£82K12/210.59 mi2, St Lukes Place, Preston, Lancashire PR1 5DE2
£88K03/230.59 mi4, St Lukes Place, Preston, Lancashire PR1 5DE2
£105K01/230.64 mi173, St Georges Road, Preston, Lancashire PR1 6NQ2
£90K06/230.65 mi121, St Georges Road, Preston, Lancashire PR1 1PR2
£79K04/210.65 mi24, Andrew Street, Preston, Lancashire PR1 5HU2
£70K03/210.66 mi16, St Davids Road, Preston, Lancashire PR1 6NB2
£95K01/230.67 mi10, St Cuthberts Road, Preston, Lancashire PR1 6LS2
£68K09/210.68 mi44, Elcho Street, Preston, Lancashire PR1 6BA2
£88.5K05/230.69 mi12, Lutwidge Avenue, Preston, Lancashire PR1 5HS2
£105K06/230.69 mi27, Lutwidge Avenue, Preston, Lancashire PR1 5HS2
£73.5K05/210.69 mi35, Lutwidge Avenue, Preston, Lancashire PR1 5HS2
£90K05/230.69 mi30, Lutwidge Avenue, Preston, Lancashire PR1 5HS2
£77K04/210.69 mi14, Milner Street, Preston, Lancashire PR1 6BN2
£95K01/230.7 mi136, Skeffington Road, Preston, Lancashire PR1 5HD2
£102K02/230.7 mi159, Skeffington Road, Preston, Lancashire PR1 5HD2
£85K07/210.71 mi16, St Stephens Road, Preston, Lancashire PR1 6NT2
£92K05/230.71 mi4, St Stephens Road, Preston, Lancashire PR1 6NT2
£90K08/210.72 mi169, Kent Street, Preston, Lancashire PR1 1PH2
£83K12/200.72 mi10, Holman Street, Preston, Lancashire PR1 5HB2
£69.5K06/210.72 mi9, Scotforth Road, Preston, Lancashire PR1 4XX2
£80K04/230.72 mi19, Caroline Street, Preston, Lancashire PR1 5UX2
£75K03/230.72 mi35, Rigby Street, Preston, Lancashire PR1 5XL2
£85K10/210.73 mi13, Arkwright Road, Preston, Lancashire PR1 6BX2
£105K07/230.73 mi46, Chatsworth Street, Preston, Lancashire PR1 4XY2
£82K02/210.74 mi7, Shuttleworth Road, Preston, Lancashire PR1 6DA2
£73.5K08/210.75 mi80, Lovat Road, Preston, Lancashire PR1 6DQ2
£66K12/210.76 mi8, Derby Square, Preston, Lancashire PR1 5XN2
£76K11/210.76 mi3, Raikes Road, Preston, Lancashire PR1 5EQ2
£86K06/230.78 mi23, Lovat Road, Preston, Lancashire PR1 6DP2
£70K02/230.79 mi10, Denville Road, Preston, Lancashire PR1 5XU2
£70K04/210.79 mi26, Dundonald Street, Preston, Lancashire PR1 4SN2
£100K06/230.79 mi30, Arkwright Road, Preston, Lancashire PR1 6BY2
£75K04/210.8 mi25, Shuttleworth Road, Preston, Lancashire PR1 6DB2
£200K04/230.8 mi70, Fishwick View, Preston, Lancashire PR1 4YB2
£82K06/230.81 mi27, Kingswood Street, Preston, Lancashire PR1 8NP2
£125K05/210.84 mi4, Bridge Terrace, Walton Le Dale, Preston, Lancashire PR5 4AH2
£62.8K04/210.85 mi79, Raikes Road, Preston, Lancashire PR1 5ER2

Local Rents

50 rents from £675/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00006/240.02 mi-2
£1,00006/240.02 mi-2
£1,10006/240.02 mi-2
£1,10006/240.02 mi-2
£1,00006/240.02 mi-2
£1,00006/240.02 mi-2
£87506/240.02 miThe Exchange, Pole Street, PR12
£69507/240.04 miCity Court Preston PR1 1DY2
£1,25006/240.06 miThe Exchange, Preston City Centre2
£1,00006/240.06 miThe Exchange, Preston City Centre2
£90007/240.08 mi-2
£1,00006/240.09 mi-2
£72507/240.1 miManchester Road, Preston2
£67506/240.1 miAbram House, Manchester Road, Preston, Lancashire, PR12
£85011/240.1 mi-2
£1,00011/240.11 mi-2
£93003/250.11 mi-2
£1,15006/240.11 miThe Exchange, Percy Street, Preston2
£1,20006/240.11 miThe Exchange, Percy Street, Preston2
£1,25506/240.11 miThe Exchange, Percy Street, Preston2
£1,35006/240.11 miThe Exchange, Percy Street, Preston2
£1,17506/240.11 miThe Exchange, Percy Street, Preston2
£1,35006/240.11 miThe Exchange, Percy Street, Preston2
£1,10007/240.11 miThe Exchange, Percy Street, Preston2
£1,20006/240.11 miThe Exchange, Percy Street, Preston2
£1,50006/240.11 miThe Exchange, Percy Street , Preston2
£1,00006/240.11 miThe Exchange, Percy Street, Preston2
£1,10007/240.11 miThe Exchange, Percy Street , Preston2
£1,14506/240.11 miThe Exchange, Percy Street, Preston2
£1,25006/240.11 miThe Exchange, Percy Street, Preston2
£1,14506/240.11 miThe Exchange, Percy Street, Preston2
£1,00006/240.11 miThe Exchange, Percy Street, Preston2
£1,15007/240.11 miThe Exchange, Percy Street, Preston2
£1,15007/240.11 miThe Exchange, Percy Street, Preston2
£1,15007/240.11 miThe Exchange , Percy Street, Preston2
£1,25007/240.11 miThe Exchange, Percy Street, Preston2
£1,12007/240.11 miThe Exchange, Percy Street, Preston2
£1,28007/240.11 miThe Exchange, Percy Street, Preston2
£1,22507/240.11 miThe Exchange, Percy Street, Preston 2
£1,24507/240.11 miThe Exchange, Percy Street, Preston2
£1,10007/240.11 miThe Exchange, Percy Street , Preston2
£1,10007/240.11 miThe Exchange, Percy Street , Preston2
£1,27007/240.11 miThe Exchange, Percy Street, Preston2
£1,27008/240.11 miThe Exchange, Percy Street, Preston2
£1,10008/240.11 miThe Exchange, Percy Street , Preston2
£1,27006/240.11 miThe Exchange, Percy Street, Preston2
£75007/240.14 mi-2
£75007/240.14 miWalker Place, Preston, PR12
£75007/240.14 miWalker Place, Preston, PR12
£1,59507/240.2 miOrmskirk Rd, Preston , 2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.61 miles away

Nearest school

0.30 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £97,000

June 3, 2024

Sold for £45,000

2011

Sold for £50,000

2004

Description

This Town house property is located in the heart of City Center and minutes from shopping malls and transport links. This residential Property is modern and recently has been refurbished, hence a bargain price of £97,000.

This property would be excellent for a family and for investment purposes due to its location and would achieve in the region of £110 per person per week inclusive of bills based on 3 bedrooms for students/Professionals. Gross return per is £17,160.00 per annum. Gross annual yield of over 14% per year.

The property has entrance hall leading on to two reception rooms. The kitchen has wall and base units, gas cooker and leads on to a back yard.

The first floor has two even sized bedrooms and a bathroom consisting of a bath, toilet and sink.

Book Appointment to avoid disappointment!

Tenure: Freehold

Agent Details

North West Homes, Preston

01772 821313

Next Steps?

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