2 Bed Flat, Cash/Bridging Only, Preston, PR1 2AQ, £72,500

Birley Street, Preston, Lancashire, PR1 2AQ - 7 views - 8 months ago

Sold STC
Leasehold
Cash
ROI: 15%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£50K - £250K
Sold Prices/m²£1.1K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£74,675
BMV3%

 

 

End Value (After Refurb)

£89,882

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,125

Stamp Duty & Legal Fees

£3,375

Refurb Costs

£28,882

Bridging Loan Interest

£1,903

Total Cash In

£54,035

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£89,882

Mortgage (After Refinance)

£67,411

Mortgage LTV

75%

Cash Released

£13,036

Cash Left In

£40,999

Equity

£22,470

Rent Range

£650 - £2,000

Rent Estimate

£1,215

Running Costs/mo

£544

Cashflow/mo

£671

Cashflow/yr

£8,053

ROI

15%

Gross Yield

20%

Local Sold Prices

50 sold prices from £50K to £250K, average is £101K. £1.1K/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£50K07/230.22 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.22 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£82K05/230.25 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.25 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.25 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£81K12/220.26 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£79.5K04/210.3 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£105K01/230.62 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£67K12/220.65 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.65 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£85K12/220.68 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£60K04/210.69 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£80K09/210.79 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£97K01/230.81 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£65K04/210.85 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£78K03/230.99 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£130K06/231.02 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£80K06/211.03 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£86K03/231.28 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.28 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.28 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£83K10/211.28 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£110K11/221.37 miFlat 7, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£112.5K07/231.37 miFlat 5, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£140K12/221.37 mi54, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£92K05/211.38 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£130K11/221.43 mi13, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£105K09/231.43 mi49, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£118K04/231.43 mi4, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£145K11/211.45 mi138, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XE2
£125K01/231.45 mi184, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XF2
£142.5K06/231.45 mi44, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£163K02/231.45 mi42, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£123K12/221.45 mi30, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£151.5K01/231.45 mi56, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£160K01/211.46 mi3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£75K11/201.47 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£52.5K04/211.55 miFlat 21, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£61.5K12/221.55 miFlat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£170K02/231.55 miFlat 88, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YZ2
£74K02/211.57 mi18, Tinniswood, Ashton On Ribble, Preston, Lancashire PR2 1EL2
£128K12/201.58 miFlat 6, Wembley Court, Wembley Avenue, Penwortham, Preston, Lancashire PR1 9UW2
£175K10/211.62 miFlat 5, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£145K10/221.62 miFlat 11, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£135K08/231.63 mi47, Pope Lane, Penwortham, Preston, Lancashire PR1 9JN2
£105K07/211.65 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/231.65 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/201.65 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£250K02/211.7 mi27, Marl Avenue, Penwortham, Preston, Lancashire PR1 0XD2
£126.5K06/231.7 mi154a, Princes Reach, Ashton On Ribble, Preston, Lancashire PR2 2GD2

Local Rents

50 rents from £650/mo to £2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£65007/240 miCubic Apartment, Preston2
£70007/240 miCubic, Birley Street, Preston, PR1 2AQ2
£70007/240 miCubic, Birley Street, Preston, PR1 2AQ2
£70008/240 miCubic, Birley Street, Preston2
£85006/240.01 mi-2
£90004/250.01 mi-2
£70006/240.01 miCubic, Birley Street, Preston2
£1,45003/220.05 miCity Bridge Apartments, Glovers Court, Preston2
£1,60007/240.05 miCity Bridge Apartments, Glovers Court, Preston2
£1,60006/240.05 miCity Bridge Apartments, Glovers Court, Preston2
£1,00007/240.05 miGlovers Court, Preston2
£1,60007/240.08 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,45007/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,52507/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,57507/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,57507/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,65007/240.09 miBuckingham House, Glovers Court2
£85006/240.09 miMarket Street, Preston2
£2,00006/240.09 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,95007/240.09 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,25006/240.1 miFlat , The Union Lofts, Guildhall Street, Preston2
£1,15007/240.1 miFlat , The Union Lofts, Guildhall Street, Preston2
£92507/240.11 miPark House, Guildhall Street, Preston, Lancashire, PR12
£92507/240.11 miPark House, Guildhall Street, Preston, Lancashire, PR12
£97507/240.11 miPark House, Guildhall Street, Preston, PR12
£95007/240.11 miPark House, Guildhall Street, Preston, PR12
£1,29506/240.11 mi-2
£1,19508/240.11 mi-2
£65006/240.12 mi2 Bed Apartment, Friargate, Preston2
£1,25007/240.13 miFlat 13, The Union Lofts2
£70008/240.14 miFlat 3, Chapel Walks, Preston2
£1,55008/240.15 mi13 Winckley Street, Preston, Lancashire, PR12
£1,20008/240.15 mi24 Cannon Street , Preston, 2
£1,20006/240.15 mi24 Cannon Street , Preston, 2
£1,75007/240.15 miGuild House, 17 Cross Street, Preston, PR12
£1,25007/240.16 mi11 Winckley Street, Preston Town Centre2
£1,15010/230.16 miWinckley Square, Preston, Lancashire, PR12
£1,00010/230.16 miWinckley Square, Preston, Lancashire, PR12
£85007/240.16 miWinckley Square, Preston2
£77506/240.16 miWinckley House, Winckley Square, Preston, Lancashire, PR12
£79510/230.16 miWolseley Place, Preston, Lancashire, PR12
£1,10002/240.16 mi-2
£1,00006/240.17 miWinckley Square, Preston, Lancashire, PR12
£1,80006/240.17 miLune Street, Preston, PR12
£2,00007/240.17 miLune Street, Preston, PR12
£89506/240.17 miRing Way, Preston, PR12

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.78 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £72,500

September 3, 2024

Floor Plans

Description

  • Modern and spacious two bedroom apartment +
  • On the 8th floor with views across the Flag Market Excellent Preston city centre location +
  • Hallway, living room, modern breakfast kitchen +
  • Two double bedrooms and modern bathroom +
  • No chain delay and viewing highly recommended +

Modern and spacious two double bedroom 8th floor apartment boasting a large living room, spacious breakfast kitchen and fantastic views across Preston Flag Market and beyond. Cash buyers only. Situated within the heart of Preston city centre offering excellent access to city centre amenities, restaurants, bus and train station. The generous sized accommodation briefly comprises; hallway, living room, modern breakfast kitchen, two double bedrooms and modern bathroom. Double glazing, electric heating system. No chain delay and viewing highly recommended.

Agent Details

Entwistle Green, Preston

01772 284722

Next Steps?

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