3 Bed Semi-Detached House, Refurb/BRRR, Preston, PR1 5RJ, £110,000

Robin Street, Preston, PR1 5RJ - 23 views - 9 months ago

Refurb/BRRR
ROI: 7%
~93 m²
+3 photos

ValuationUndervalued

Sold Prices£59K - £280K
Sold Prices/m²£728/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£122,349
BMV2%

 

 

End Value (After Refurb)

£111,662

Uplift in Value

+-7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,799

Refurb Costs

£39,436

Bridging Loan Interest

£2,888

Total Cash In

£76,372

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£111,662

Mortgage (After Refinance)

£83,746

Mortgage LTV

75%

Cash Released

£1,246

Cash Left In

£75,126

Equity

£27,915

Rent Range

£694 - £2,520

Rent Estimate

£1,038

Running Costs/mo

£577

Cashflow/mo

£461

Cashflow/yr

£5,537

ROI

7%

Gross Yield

11%

Local Sold Prices

50 sold prices from £59K to £280K, average is £111K. £728/m² to £2.4K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£93.5K08/210.1 mi160, Miller Road, Preston, Lancashire PR1 5QS3
£93.5K06/230.14 mi23, Rydal Road, Preston, Lancashire PR1 5SL3
£205K04/230.14 mi55, Blackpool Road, Ribbleton, Preston, Lancashire PR2 6BX3
£110K06/210.16 mi91, Ribbleton Avenue, Ribbleton, Preston, Lancashire PR2 6DA3
£140K08/210.17 mi77, Harling Road, Preston, Lancashire PR1 5YR3
£80K04/210.19 mi2, Grimsargh Street, Preston, Lancashire PR1 5QR3
£68K01/210.22 mi29, Crompton Street, Preston, Lancashire PR1 5RT3
£148K05/230.24 mi44, Blackpool Road, Ribbleton, Preston, Lancashire PR2 6NU3
£95K08/210.26 mi21, Oxley Road, Preston, Lancashire PR1 5QH3
£66K01/210.26 mi7, Tunbridge Place, Preston, Lancashire PR1 5YQ3
£75K02/210.26 mi5, Ansdell Street, Preston, Lancashire PR1 5ES3
£88K04/210.27 mi62, Raikes Road, Preston, Lancashire PR1 5ER3
£130K03/230.29 mi18, Hesketh Road, Ribbleton, Preston, Lancashire PR2 6NS3
£129K02/210.29 mi17, Hesketh Road, Ribbleton, Preston, Lancashire PR2 6NS3
£145K01/230.29 mi42, Belmont Avenue, Ribbleton, Preston, Lancashire PR2 6DH3
£89K12/200.31 mi2, Braddon Street, Preston, Lancashire PR1 4TP3
£62K12/200.32 mi20, Calverley Street, Preston, Lancashire PR1 5YN3
£110K04/230.32 mi5, Denville Road, Preston, Lancashire PR1 5XU3
£90K11/210.34 mi18, Illingworth Road, Preston, Lancashire PR1 4TU3
£280K01/230.34 mi16, Woodlands Avenue, Ribbleton, Preston, Lancashire PR2 6DT3
£90K04/210.35 mi8, Raikes Road, Preston, Lancashire PR1 5EQ3
£114.5K03/210.35 mi28, Woodlands Avenue, Ribbleton, Preston, Lancashire PR2 6DT3
£79K05/210.37 mi50, Dodgson Road, Preston, Lancashire PR1 5HL3
£110K05/230.37 mi52, Dodgson Road, Preston, Lancashire PR1 5HL3
£115K03/210.37 mi39, Basil Street, Preston, Lancashire PR1 6XS3
£59K06/230.38 mi13, Samuel Street, Preston, Lancashire PR1 4YD3
£98.5K05/230.39 mi54, Pinfold Street, Preston, Lancashire PR1 4RT3
£73K12/200.43 mi44, Skeffington Road, Preston, Lancashire PR1 5UQ3
£107.5K02/230.44 mi35, Chester Road, Preston, Lancashire PR1 5HR3
£140K02/230.44 mi49, Ronaldsway, Preston, Lancashire PR1 6EP3
£225K01/230.45 mi2, Ronaldsway, Preston, Lancashire PR1 6EP3
£90K03/210.45 mi26, Rufus Street, Preston, Lancashire PR1 6XX3
£90K07/210.48 mi36, Lutwidge Avenue, Preston, Lancashire PR1 5HS3
£77K12/200.49 mi27, St Chads Road, Preston, Lancashire PR1 5HT3
£130K01/230.49 mi19, Ringwood Road, Preston, Lancashire PR1 6XP3
£92.5K07/230.5 mi34, Nimes Street, Preston, Lancashire PR1 4SH3
£160K02/210.5 mi2, Heather Grove, Ribbleton, Preston, Lancashire PR2 6QS3
£150K11/200.51 mi3, Oban Crescent, Preston, Lancashire PR1 6ET3
£205K03/230.51 mi28, Oban Crescent, Preston, Lancashire PR1 6ET3
£170K10/210.52 mi28, Cromwell Road, Ribbleton, Preston, Lancashire PR2 6YD3
£127.5K05/210.52 mi15, Bidston Street, Preston, Lancashire PR1 4RP3
£162K04/230.53 mi1, Clifton Grove, Preston, Lancashire PR1 6YJ3
£133K03/210.56 mi59, Ramsey Avenue, Preston, Lancashire PR1 6EN3
£112K11/200.57 mi134, Holme Slack Lane, Preston, Lancashire PR1 6HB3
£80K05/230.57 mi21, Fishwick View, Preston, Lancashire PR1 4YA3
£135K02/230.58 mi6, Walton View, Preston, Lancashire PR1 4QU3
£156.5K04/210.59 mi7, Woodside Avenue, Ribbleton, Preston, Lancashire PR2 6QQ3
£213K05/230.59 mi22, Woodside Avenue, Ribbleton, Preston, Lancashire PR2 6QQ3
£180.5K12/200.6 mi11, Primrose Road, Preston, Lancashire PR1 6HT3
£125K05/230.6 mi37, Rose Lane, Preston, Lancashire PR1 6HH3

Local Rents

30 rents from £694/mo to £2.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85008/240.21 miAcregate Lane, Preston3
£1,10012/240.23 mi-3
£80010/240.26 mi-3
£2,38006/240.29 mi-3
£2,52004/250.29 mi-3
£1,00011/240.31 mi-3
£85012/240.32 mi-3
£85012/240.32 miMimosa Road, Ribbleton, Preston, PR23
£1,10004/250.33 mi-3
£69408/240.33 mi-3
£75002/240.34 mi-3
£75002/240.34 mi-3
£72508/240.35 mi-3
£85008/240.39 miCavendish Road, Preston, PR13
£80010/240.4 mi-3
£99801/250.42 mi-3
£95003/250.42 mi-3
£70008/240.42 miSkeffington Road, Preston, PR13
£80004/250.43 mi-3
£1,30008/240.45 mi-3
£1,30008/240.45 mi-3
£99503/250.47 mi-3
£1,00007/240.47 miOban Crescent, Preston, PR13
£1,00008/240.47 mi-3
£80009/240.47 mi-3
£80010/240.47 mi-3
£80002/250.52 mi-3
£80003/250.54 mi-3
£1,15008/240.55 miSt. Gregory Road, Preston3
£95006/240.59 miWoodside Avenue,Ribbleton,Preston,PR23

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.74 miles away

Nearest school

0.20 miles away

Nearest train station

1.70 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £110,000

December 10, 2024

Listed for £119,950

July 30, 2024

Floor Plans

Description

  • VIRTUAL VIEWING AVAILABLE CLICK ON THE VIDEO TOUR ABOVE +
  • Modern Three Storey Semi Detached House +
  • Three Bedrooms, Ground Floor Reception & First Floor Lounge +
  • Bathroom, Ground Floor & Second Floor WC's, Integral Garage +
  • Cul De Sac Location, Well Placed For Local Amenities +

Requiring modernisation and decoration, offering great potential, this semi detached house offers accommodation arranged over three floors.

Comprising: Porch, ground floor reception room, kitchen and separate wc.

To the first floor, there is a good sized lounge, bedroom and bathroom

To the second floor, there are two further bedrooms and a wc.

Integral garage and garden to rear.

Viewing recommended.

Council Tax Information: Band A

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Preston & Central Lancashire

01772 963630

Next Steps?

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