2 Bed Terraced House, Refurb/BRRR, Preston, PR5 4JA, £85,000

Chorley Road, Walton-le-Dale, Preston, PR5 4JA - 9 months ago

Sold STC
Refurb/BRRR
~92 m²
+12 photos

ValuationFair Value

Sold Prices£80K - £209.9K
Sold Prices/m²£1.1K/m² - £3.3K/m²

 

 

Square Metres

~91.50 m²
Price/m²£929/m²

Value Estimate

£85,850

 

 

End Value (After Refurb)

£183,000

Uplift in Value

+115%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Refurb Costs

£38,792

Bridging Loan Interest

£2,231

Total Cash In

£69,474

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£183,000

Agent Fees (1%)

£1,830

Bridging Loan

£63,750

Bridging Loan Interest

£2,231

Flip Profit

£47,946

Local Sold Prices

50 sold prices from £80K to £209.9K, average is £133.5K. £1.1K/m² to £3.3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£160K10/210 mi43, Chorley Road, Walton Le Dale, Preston, Lancashire PR5 4JA2
£163K08/230.11 mi4, Kings Croft, Walton Le Dale, Preston, Lancashire PR5 4BD2
£145K11/210.12 mi75, Victoria Road, Walton Le Dale, Preston, Lancashire PR5 4BA2
£140K07/230.16 mi9, Walton Green, Walton Le Dale, Preston, Lancashire PR5 4JL2
£117K01/210.23 mi1, Queens Road, Walton Le Dale, Preston, Lancashire PR5 4HL2
£130K11/200.23 mi119, Higher Walton Road, Walton Le Dale, Preston, Lancashire PR5 4HD2
£128.8K01/210.24 mi105, Higher Walton Road, Walton Le Dale, Preston, Lancashire PR5 4HD2
£174.9K11/210.25 mi38, Hennel Lane, Walton Le Dale, Preston, Lancashire PR5 4LD2
£155K11/220.27 mi28, Regent Road, Walton Le Dale, Preston, Lancashire PR5 4QA2
£137K03/230.3 mi1, St Patricks Place, Walton Le Dale, Preston, Lancashire PR5 4HN2
£132K01/230.31 mi12, Warwick Road, Walton Le Dale, Preston, Lancashire PR5 4GA2
£130K06/210.33 mi26, Allerton Road, Walton Le Dale, Preston, Lancashire PR5 4QB2
£130K05/210.34 mi7, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£116K04/210.34 mi23, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£167K01/230.34 mi45, Victoria Road, Walton Le Dale, Preston, Lancashire PR5 4AA2
£125K11/200.35 mi4, Norfolk Road, Walton Le Dale, Preston, Lancashire PR5 4GB2
£124.5K01/210.35 mi5, Norfolk Road, Walton Le Dale, Preston, Lancashire PR5 4GB2
£138K04/230.35 mi23, Norfolk Road, Walton Le Dale, Preston, Lancashire PR5 4GB2
£97K10/200.36 mi55, Victoria Road, Walton Le Dale, Preston, Lancashire PR5 4AA2
£145.5K09/210.39 mi18, Windsor Road, Walton Le Dale, Preston, Lancashire PR5 4QE2
£142.5K02/210.39 mi16, Windsor Road, Walton Le Dale, Preston, Lancashire PR5 4QE2
£130K05/210.43 mi16, Cinnamon Hill Drive North, Walton Le Dale, Preston, Lancashire PR5 4QP2
£125K05/210.44 mi4, Bridge Terrace, Walton Le Dale, Preston, Lancashire PR5 4AH2
£147.5K03/230.46 mi27, Marlborough Drive, Walton Le Dale, Preston, Lancashire PR5 4QU2
£133K07/230.46 mi19, Marlborough Drive, Walton Le Dale, Preston, Lancashire PR5 4QU2
£142K01/210.46 mi61c, Marlborough Drive, Walton Le Dale, Preston, Lancashire PR5 4QU2
£140K01/210.47 mi24, Marlborough Drive, Walton Le Dale, Preston, Lancashire PR5 4QT2
£134K11/200.49 mi41, Windsor Road, Walton Le Dale, Preston, Lancashire PR5 4GE2
£132K01/210.49 mi60, Windsor Road, Walton Le Dale, Preston, Lancashire PR5 4GE2
£166K12/220.51 mi61, Alexandra Road, Walton Le Dale, Preston, Lancashire PR5 4QS2
£140K06/230.56 mi84, Windsor Road, Walton Le Dale, Preston, Lancashire PR5 4QH2
£156K10/210.6 mi158, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£106K06/230.6 mi192, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£137.5K10/200.64 mi8, Holland House Court, Walton Le Dale, Preston, Lancashire PR5 4HZ2
£180K04/210.75 mi63, The Ferns, Lostock Hall, Preston, Lancashire PR5 5QT2
£180K02/230.75 mi45, Wellington Place, Walton Le Dale, Preston, Lancashire PR5 4TR2
£177.5K01/210.75 mi41, Wellington Place, Walton Le Dale, Preston, Lancashire PR5 4TR2
£180K07/230.76 mi4, Lulworth Place, Walton Le Dale, Preston, Lancashire PR5 4TH2
£96K03/230.8 mi41, Brockholes View, Preston, Lancashire PR1 4BH2
£200K05/230.8 mi40, Renshaw Drive, Walton Le Dale, Preston, Lancashire PR5 4RB2
£100K02/230.8 mi19, Alexandra Street, Preston, Lancashire PR1 4BL2
£85K06/210.81 mi25, Coronation Crescent, Preston, Lancashire PR1 4JY2
£80K05/210.82 mi44, Trower Street, Preston, Lancashire PR1 4LY2
£102K01/230.82 mi43, Brandiforth Street, Bamber Bridge, Preston, Lancashire PR5 6QA2
£209.9K08/230.83 mi20, Renshaw Drive, Walton Le Dale, Preston, Lancashire PR5 4RA2
£108K08/230.84 mi18, Brandiforth Street, Bamber Bridge, Preston, Lancashire PR5 6GA2
£123K11/200.84 mi7, Grenville Avenue, Walton Le Dale, Preston, Lancashire PR5 4UA2
£123K01/230.85 mi25, Brandiforth Street, Bamber Bridge, Preston, Lancashire PR5 6QA2
£110K05/230.85 mi167, London Road, Preston, Lancashire PR1 4BA2
£92.3K10/200.85 mi48, Brandiforth Street, Bamber Bridge, Preston, Lancashire PR5 6GA2

Local Rents

12 rents from £570/mo to £895/mo, average is £778/mo.

RentDateDistanceAddressBeds 
£69512/240.11 miKings Croft, Walton-Le-Dale, Preston, PR52
£78003/250.13 mi-2
£57012/240.13 mi-2
£85012/240.29 mi-2
£85012/240.29 mi-2
£77506/240.36 miVictoria Road, Walton-le-Dale, Preston PR52
£69401/250.42 mi-2
£89506/240.47 miChatsworth Road, Walton-le-Dale, Preston, Lancashire, PR52
£79512/240.48 mi-2
£85001/250.55 mi-2
£69512/240.55 miHolland House Road, Walton-le-dale, Preston2
£70012/240.6 miHolland House Way, Bamber Bridge2

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

1.67 miles away

Nearest school

0.20 miles away

Nearest train station

1.46 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £85,000

December 4, 2024

Listed for £87,950

July 3, 2024

Floor Plans

Description

  • Mid Terraced House +
  • Two Bedrooms, Two Reception Rooms, +
  • Fitted Kitchen, Cellar +
  • Shower Room, Rear Yard +
  • NO ONWARD CHAIN +

In the heart of Walton Le Dale within walking distance to the local shops and amenities is this two double bedroom mid terraced house in need of a modernisation.

The property briefly comprises entrance, lounge, dining room, fitted kitchen with door out onto the rear yard and a cellar ideal for storage. The first floor has the two double bedrooms and a shower room. Externally to the rear is a yard and beyond the yard is a garden which is not owned by the current owner but they do have use of it and have a shed in situ for outdoor storage.

Agent Details

Bridgfords, Bamber Bridge

01772 211266

Next Steps?

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