5 Bed Terraced House, Cash/Bridging Only, Preston, PR1 3TN, £250,000
Bairstow Street, Preston, Lancashire, PR1 3TN - 11 views - 9 months ago
Under Offer
Cash
ROI: 6%
~178 m²





+20 photos
ValuationUndervalued
Sold Prices | £128.5K - £1.1M |
Sold Prices/m² | £918/m² - £3K/m² |
| |
Square Metres | ~178.28 m² |
Price/m² | £1.4K/m² |
Value Estimate | £257,500 |
BMV | 3% |
| |
End Value (After Refurb) | £244,973 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £62,500 |
Stamp Duty & Legal Fees | £8,700 |
Refurb Costs | £75,600 |
Bridging Loan Interest | £6,563 |
Total Cash In | £155,113 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £244,973 |
Mortgage (After Refinance) | £183,729 |
Mortgage LTV | 75% |
Cash Left In | £155,113 |
Equity | £61,243 |
Rent Range | £468 - £3,940 |
Rent Estimate | £2,028 |
Running Costs/mo | £1,191 |
Cashflow/mo | £837 |
Cashflow/yr | £10,042 |
ROI | 6% |
Gross Yield | 10% |
Local Sold Prices
27 sold prices from £128.5K to £1.1M, average is £280K. £918/m² to £3K/m², average is £1.9K/m².
Local Rents
50 rents from £468/mo to £3.9K/mo, average is £1.9K/mo.
Local Area Statistics
Population in PR1 | 72,064 |
Population in Preston | 286,036 |
Town centre distance | 1.01 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 0.34 miles away |
| |
Rental demand | Tenant's market |
Rental growth (12m) | +3% |
Sales demand | Seller's market |
Capital growth (5yrs) | +17% |
Property History
Listed for £250,000
July 4, 2024
Sold for £250,000
2005
Floor Plans

Description
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