2 Bed Terraced House, Refurb/BRRR, Preston, PR5 0SG, £225,000

Blackburn Old Road, Hoghton, Preston, PR5 0SG - 2 views - 8 months ago

Refurb/BRRR
ROI: 3%
~76 m²
+15 photos

ValuationOvervalued

Sold Prices£90K - £580K
Sold Prices/m²£1.2K/m² - £4.9K/m²

 

 

Square Metres

~75.50 m²
Price/m²£3K/m²

Value Estimate

£164,031

 

 

End Value (After Refurb)

£225,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£32,009

Bridging Loan Interest

£5,906

Total Cash In

£103,865

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£225,000

Mortgage (After Refinance)

£168,750

Mortgage LTV

75%

Cash Left In

£103,865

Equity

£56,250

Rent Range

£595 - £3,500

Rent Estimate

£1,237

Running Costs/mo

£971

Cashflow/mo

£266

Cashflow/yr

£3,198

ROI

3%

Gross Yield

7%

Local Sold Prices

22 sold prices from £90K to £580K, average is £166.5K. £1.2K/m² to £4.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£580K02/210.42 mi4, Station Road, Hoghton, Preston, Lancashire PR5 0DD2
£225K04/210.57 miHoneysuckle Cottage, 10, Long Barn Row, Hoghton, Preston, Lancashire PR5 0SA2
£175K03/210.61 mi4, Bell Villas, Hoghton, Preston, Lancashire PR5 0RT2
£190K03/211.18 mi28, Knowsley Close, Hoghton, Preston, Lancashire PR5 0EA2
£125K11/201.22 mi14, Mintholme Avenue, Hoghton, Preston, Lancashire PR5 0DY2
£157.5K07/231.24 mi63, Arrowsmith Drive, Hoghton, Preston, Lancashire PR5 0DT2
£150K03/211.26 mi117, Bournes Row, Hoghton, Preston, Lancashire PR5 0DQ2
£135K01/211.28 mi95, Bournes Row, Hoghton, Preston, Lancashire PR5 0DR2
£126K03/211.28 mi79, Bournes Row, Hoghton, Preston, Lancashire PR5 0DR2
£130K09/211.31 mi343, Gregson Lane, Hoghton, Preston, Lancashire PR5 0FD2
£200K02/211.39 mi2, Methuen Avenue, Hoghton, Preston, Lancashire PR5 0JN2
£145K09/231.39 mi3, Methuen Avenue, Hoghton, Preston, Lancashire PR5 0JN2
£95K06/211.41 mi14, Alma Row, Hoghton, Preston, Lancashire PR5 0EB2
£90K02/211.41 mi24, Alma Row, Hoghton, Preston, Lancashire PR5 0EB2
£240K06/231.43 mi1, Lydric Avenue, Hoghton, Preston, Lancashire PR5 0JU2
£210K09/211.43 mi36, Fox Lane, Hoghton, Preston, Lancashire PR5 0JQ2
£180K07/231.47 mi6, Willow Close, Hoghton, Preston, Lancashire PR5 0AR2
£137.5K10/231.51 mi1, Conway Court, Hoghton, Preston, Lancashire PR5 0EP2
£269K03/211.59 mi9, Smithy Close, Brindle, Chorley, Lancashire PR6 8NW2
£180K01/211.62 mi8, Lowick Close, Hoghton, Preston, Lancashire PR5 0HH2
£158K02/231.64 mi43, Grange Drive, Hoghton, Preston, Lancashire PR5 0LP2
£200K03/211.77 miHolly Tree House, Pleasington Lane, Pleasington, Blackburn, Blackburn With Darwen BB2 5JH2

Local Rents

39 rents from £595/mo to £3.5K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,50012/240.53 miChapel Lane Farm House, Chapel Lane, Hoghton4
£3,25012/241.12 miBrookhouse Drive, Marklands, Lostock Hall, Preston, PR55
£2,60012/241.12 miBrookhouse Drive, Marklands, Lostock Hall, Preston, PR54
£85006/241.24 miArrowsmith Drive, Hoghton2
£79510/231.41 miAlma Row, Preston, Lancashire, PR52
£1,00006/241.42 mi-3
£1,10012/241.42 miAlder Drive, Hoghton3
£95006/241.48 miBankhead Lane, Hoghton, Preston, PR53
£1,20012/241.48 mi-3
£97512/241.53 mi-3
£92506/241.54 miAldersleigh Crescent, Hoghton, Preston, PR52
£90006/241.62 miLowick Close, Hoghton, Preston, PR52
£87512/241.64 miGrange Drive, Hoghton, Preston, Lancashire, PR52
£1,25002/251.8 mi-3
£3,50012/241.81 miLinks Lane, Pleasington, Blackburn4
£72512/241.98 mi-2
£72510/241.98 mi-2
£1,50006/242 miBlue Slate Fold, Samlesbury4
£59506/242.1 miAshtree Court, Higher Walton1
£99512/242.12 miOak Leaf Drive, Bamber Bridge3
£1,25012/242.19 miBrindle Road, Bamber Bridge, Preston, Lancashire, PR54
£79506/242.22 miCroft Meadow, Bamber Bridge2
£1,85007/242.27 miBury Lane, Withnell, Chorley, Lancashire, PR64
£1,45007/242.27 miBury Lane, Withnell, Chorley, Lancashire, PR63
£1,60006/242.27 miSussex Close, Bamber Bridge, Preston, Lancashire, PR54
£69502/252.36 mi-2
£1,30006/242.37 mi-3
£67512/242.37 miAlbert Terrace Higher Walton PR5 4DT2
£75012/242.38 miLark Hill, Higher Walton2
£1,65001/242.41 mi-4
£70012/242.42 mi-1
£1,50006/242.42 miOak Royal, Withnell4
£1,85012/242.42 miOak Royal, Withnell, Chorley4
£1,45007/242.42 miMews Cottage, Bury Lane3
£82506/242.42 miKittlingbourne Brow, Higher Walton, Preston2
£1,30001/252.43 mi-3
£79506/242.43 miBamber Bridge, Preston, PR51
£70012/242.44 miKIttlingbourne Brow, Higher Walton, Preston, PR52
£90012/242.46 miSt Michaels Close, Feniscowles, Blackburn2

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

4.92 miles away

Nearest school

1.30 miles away

Nearest train station

1.73 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £225,000

August 18, 2024

Floor Plans

Description

  • Unique 18th century stone built terraced cottage +
  • Two bedrooms +
  • Period features and charm +
  • Comfortable lounge with a feature fireplace +
  • Spaacious kitchen/diner +
  • Three piece bathroom +
  • In need of modernisation - offering huge potential +
  • Private rear garden with rear access +
  • Rear parking space is available for a nominal rent pa +
  • Desirable location surrounded by countryside +

This unique and charming 18th-century stone-built terraced home is brimming with traditional features and character. While it is in need of modernisation, the property offers immense potential, making it an ideal choice for anyone looking to restore and personalise a period home. Upon entering, you are greeted by a vestibule entrance that leads into a cosy lounge, complete with a feature fireplace that adds warmth and a sense of history to the space. The open-plan kitchen provides a range of wall and base units and offers direct access to the private rear cottage-style garden, perfect for those who appreciate a tranquil outdoor retreat. Stairs lead up to the first-floor landing, where youll find large loft access, presenting an exciting opportunity for a loft conversion to further enhance the propertys living space. The master bedroom, with its front aspect, features another charming fireplace, providing a nod to the homes rich heritage. The second bedroom, located at the rear, offers peaceful views of the surrounding countryside. A three-piece bathroom completes the first floor.

Externally, the property boasts a delightful enclosed cottage-style garden, with a rear access gate that opens up to scenic countryside views. Additionally, there is the convenience of a rear parking space, which can be rented from the de Hoghton Estate for a nominal yearly fee. This quaint period home is a true gem, offering the perfect blend of history, charm, and potential for those looking to make their mark on a property with character. With some renovation you can transform this residence into your dream home, dont miss the opportunity to make this home your very own.

Room sizes can be fThis quaint period home is a true gem, offering the perfect blend of history, charm, and potential for those looking to make their mark on a property with character.ound on the floor plans. We understand that the council tax band for this property is band B. 

Tenure - Freehold 

We understand that the council tax band for this property is band B.

For further information or to arrange a viewing please call Forbes Estates.

Disclaimer, further room dimensions can be found on our floor plan. These particulars, whilst we believe to be accurate are set as a general outline only for guidance and do not constitute any part of an offer or contract, all appliances, drains, plumbing and heating have not been tested. All measurements quoted are approximate. Property to sell? If you are thinking of selling your home Forbes offer a free no obligation appraisal with local experienced sales advice.

Agent Details

Forbes Estates, Clayton-le-Woods

01257 445716

Next Steps?

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