2 Bed Terraced House, Refurb/BRRR, Preston, PR2 2LJ, £104,950

36D Liverpool Road, Penwortham, Preston, Lancashire, PR1 0DQ - 11 views - 8 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£76K - £200K
Sold Prices/m²£561/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£93,500

 

 

End Value (After Refurb)

£107,941

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,238

Stamp Duty & Legal Fees

£4,349

Refurb Costs

£28,824

Bridging Loan Interest

£2,755

Total Cash In

£63,915

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£107,941

Mortgage (After Refinance)

£80,956

Mortgage LTV

75%

Cash Released

£2,243

Cash Left In

£61,672

Equity

£26,985

Rent Range

£625 - £1,312

Rent Estimate

£766

Running Costs/mo

£511

Cashflow/mo

£255

Cashflow/yr

£3,066

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £76K to £200K, average is £120K. £561/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£100K04/230 mi15, Belmont Road, Ashton On Ribble, Preston, Lancashire PR2 2LJ2
£106K12/200.03 mi228, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JS2
£104.5K03/210.03 mi236, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JS2
£125K02/230.03 mi214, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JS2
£121.5K01/210.03 mi194, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JS2
£117.5K02/230.03 mi186, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JS2
£99K09/210.03 mi3, Colenso Road, Ashton On Ribble, Preston, Lancashire PR2 2LL2
£125K07/230.11 mi99, Balcarres Road, Ashton On Ribble, Preston, Lancashire PR2 2DY2
£119K10/200.11 mi11, Gathurst Road, Ashton On Ribble, Preston, Lancashire PR2 2ED2
£130K12/220.12 mi9, Gathurst Road, Ashton On Ribble, Preston, Lancashire PR2 2ED2
£112.5K02/230.12 mi132, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JR2
£120K10/230.13 mi1, Ladysmith Road, Ashton On Ribble, Preston, Lancashire PR2 2JP2
£107K01/230.15 mi33, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£130K08/230.15 mi41, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£112K12/200.15 mi23, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£85K11/210.15 mi45, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£123.5K03/230.15 mi15, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£88K01/210.15 mi19, Armstrong Street, Ashton On Ribble, Preston, Lancashire PR2 2LB2
£110K04/230.17 mi4, Clifton Place, Ashton On Ribble, Preston, Lancashire PR2 2LD2
£95K03/210.17 mi206, Shelley Road, Ashton On Ribble, Preston, Lancashire PR2 2BX2
£76K12/200.18 mi5, Ridley Road, Ashton On Ribble, Preston, Lancashire PR2 2BS2
£106K11/200.19 mi77, Roebuck Street, Ashton On Ribble, Preston, Lancashire PR2 2BQ2
£134K02/230.21 mi7, Dorman Close, Ashton On Ribble, Preston, Lancashire PR2 2BF2
£112K03/210.22 mi14, Bulmer Street, Ashton On Ribble, Preston, Lancashire PR2 2SL2
£156K03/210.23 mi4, Rose Avenue, Ashton On Ribble, Preston, Lancashire PR2 2HA2
£160K04/210.24 mi51, Seymour Road, Ashton On Ribble, Preston, Lancashire PR2 2EU2
£164K03/230.24 mi63, Seymour Road, Ashton On Ribble, Preston, Lancashire PR2 2EU2
£151K05/230.24 mi5, The Ferns, Ashton On Ribble, Preston, Lancashire PR2 2BZ2
£146K11/210.26 mi140, Lytham Road, Ashton On Ribble, Preston, Lancashire PR2 2EP2
£116K12/200.27 mi105, Parker Street, Ashton On Ribble, Preston, Lancashire PR2 2AJ2
£200K01/230.27 mi128, Lytham Road, Ashton On Ribble, Preston, Lancashire PR2 2EP2
£140K01/230.27 mi504, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1HY2
£114K06/210.28 mi98, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2SY2
£148.3K06/210.3 mi26, Garden Walk, Ashton On Ribble, Preston, Lancashire PR2 1DP2
£159.9K07/230.3 mi1, Fairfield Drive, Ashton On Ribble, Preston, Lancashire PR2 1JJ2
£110K07/210.31 mi78, Murdock Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BL2
£110K01/210.31 mi58, Murdock Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BL2
£135K06/230.31 mi107, Shelley Road, Ashton On Ribble, Preston, Lancashire PR2 2DA2
£127.4K03/230.31 mi23, Oswald Road, Ashton On Ribble, Preston, Lancashire PR2 1BT2
£160K04/230.32 mi33, Bank Place, Ashton On Ribble, Preston, Lancashire PR2 1DN2
£94K02/230.33 mi14, Coniston Avenue, Ashton On Ribble, Preston, Lancashire PR2 2HS2
£130K04/230.33 mi60, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BE2
£83K05/230.34 mi13, Nares Street, Ashton On Ribble, Preston, Lancashire PR2 2SS2
£123.5K07/230.35 mi57, Wellington Road, Ashton On Ribble, Preston, Lancashire PR2 1BU2
£92K05/210.36 mi11, Bucklands Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BP2
£113.5K05/210.37 mi11, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BD2
£120K02/210.37 mi4, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BD2
£120K03/230.37 mi19, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BD2
£177K05/230.39 mi5, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£120K03/230.39 mi8, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DB2

Local Rents

52 rents from £625/mo to £1.3K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£89502/250.04 mi-2
£75012/240.11 mi-2
£67506/240.13 miLadysmith Road, Ashton2
£80002/250.15 mi-2
£75006/240.17 miBrook Court, Dorman Close, Preston, Lancashire, PR22
£69506/240.17 miBrook Court, Ashton2
£65006/240.18 miTulketh Brow, Preston, PR22
£65007/240.22 mi-2
£80003/250.26 mi-2
£85006/240.27 miPark View Avenue, Ashton-On-Ribble, Preston, PR22
£85006/240.27 mi-2
£85006/240.27 mi-2
£85012/240.27 mi-2
£74506/240.32 miAshley Mews, Ashton on Ribble, Preston, PR22
£75012/240.32 mi-2
£80012/240.33 mi-2
£85012/240.33 miBank Place, Ashton-On-Ribble, Preston, PR22
£85012/240.33 mi-2
£67506/240.34 mi-2
£67506/240.34 mi-2
£67506/240.34 miNares Street, Preston, PR22
£65012/240.35 miGarden Court, Tulketh Avenue, Preston, PR22
£72506/240.35 miEldon Street - flat 2, PRESTON PR2 2BA2
£67502/250.36 mi-2
£95006/240.36 mi-2
£95006/240.36 mi-2
£95006/240.36 miBrampton Street, Ashton-On-Ribble, Preston, PR22
£72512/240.36 mi-2
£70007/240.37 miVictoria Parade, Ashton-on-ribble, Preston2
£80007/240.38 mi-2
£80012/240.41 mi-2
£69912/240.42 mi-2
£80007/240.43 mi-2
£80001/250.43 mi-2
£80003/250.43 mi-2
£85006/240.43 miInkerman Street Preston PR2 2AQ2
£69507/240.43 miRaglan Street, Ashton-on-ribble, Preston2
£80006/240.44 miDelacy Street, PRESTON PR2 2DD2
£79507/240.45 miRoyal Drive, Fulwood, PR22
£81502/250.48 mi-2
£72507/240.48 miCannon Hill, Ashton-on-Ribble - , PRESTON, Lancashire PR2 2RR2
£62506/240.51 miTulketh Road, Ashton-on-Ribble2
£75006/240.52 miTulketh Crescent, Ashton On Ribble, Preston2
£80003/250.54 mi-2
£85006/240.57 miNorris Street, Preston2
£75007/240.57 miDart Street, Ashton-On-Ribble2
£65006/240.59 miWest Strand Preston PR1 8UJ2
£79507/240.6 miPlungington Road, Preston, Lancashire, PR12
£82507/240.6 mi-2
£1,31203/250.6 mi-2
£75006/240.61 miWildman street, Plungington, Preston2
£79506/240.62 miWatery Lane, Ashton on Ribble, Preston, PR22

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

1.55 miles away

Nearest school

0.30 miles away

Nearest train station

1.38 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £104,950

July 30, 2024

Description

  • 1900's Mid Terraced House With Many Original Features +
  • Full Renovation Required +
  • Two Double Bedrooms +
  • Two Spacious Reception Rooms +
  • Useful Loft Room With Staircase +
  • Gas Central Heating +
  • Stunning Leaded Light Sash Windows +
  • Great Potential +
  • Sunny Enclosed Rear Courtyard +
  • On Street Parking +

A great opportunity to buy a traditional 1900's mid terraced home, in the most sought after location of Ashton on Ribble. Retaining many original features, including, stunning original sash leaded light windows to the whole of the front elevation, cast iron feature fireplace and another tiled fireplace both to first floor, coving to ceilings, and even some William Morris (we believe) wallpaper in the main lounge. Although the property needs full renovation, there is gas central heating. There are two double bedrooms, a three piece bathroom, a useful loft room with staircase access and two spacious reception rooms. There is a sunny enclosed rear courtyard. Parking is on street and is within walking distance of the vibrant Lane Ends shopping area with excellent local amenities and services, bus routes and great motorway connectivity. Viewing is essential to fully appreciate the size setting and potential this lovely home has to offer.

Agent Details

Marie Holmes Estates, Preston

01772 284719

Next Steps?

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