2 Bed Terraced House, Single Let, Preston, PR2 2RX, £80,000

Flett Street, Ashton-on-Ribble, Preston, Lancashire, PR2 2RX - 7 months ago

Sold STC
Auction
BTL
ROI: 12%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£75K - £160K
Sold Prices/m²£955/m² - £2.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£96,737
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£625 - £1,002

Rent Estimate

£650

Running Costs/mo

£400

Cashflow/mo

£250

Cashflow/yr

£3,000

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £75K to £160K, average is £105.5K. £955/m² to £2.6K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£80K03/210 mi7, Flett Street, Ashton On Ribble, Preston, Lancashire PR2 2RX2
£85K12/200.06 mi67, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£76K03/210.06 mi16, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£117K06/230.06 mi41, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£90K07/210.07 mi21, Bray Street, Ashton On Ribble, Preston, Lancashire PR2 2RP2
£98K02/210.07 mi1, Tulketh Crescent, Ashton On Ribble, Preston, Lancashire PR2 2RH2
£108K09/210.09 mi85, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£118.5K03/230.09 mi35, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£115K11/200.09 mi27, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£105K11/200.09 mi37, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£116.5K12/200.09 mi83, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£78K08/210.09 mi38, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£95K05/210.09 mi50, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£83K05/230.11 mi13, Nares Street, Ashton On Ribble, Preston, Lancashire PR2 2SS2
£120K03/230.11 mi8, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DB2
£123.5K07/230.12 mi57, Wellington Road, Ashton On Ribble, Preston, Lancashire PR2 1BU2
£102.5K02/210.13 mi32, Swansea Street, Ashton On Ribble, Preston, Lancashire PR2 1AS2
£127.4K03/230.16 mi23, Oswald Road, Ashton On Ribble, Preston, Lancashire PR2 1BT2
£114K06/210.17 mi98, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2SY2
£160K04/230.17 mi33, Bank Place, Ashton On Ribble, Preston, Lancashire PR2 1DN2
£135K06/230.17 mi107, Shelley Road, Ashton On Ribble, Preston, Lancashire PR2 2DA2
£148.3K06/210.19 mi26, Garden Walk, Ashton On Ribble, Preston, Lancashire PR2 1DP2
£112K03/210.2 mi14, Bulmer Street, Ashton On Ribble, Preston, Lancashire PR2 2SL2
£98K05/230.21 mi26, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£90K11/200.21 mi35, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£85K10/210.24 mi119, Wellington Street, Preston, Lancashire PR1 8TS2
£75K04/230.24 mi111, Wellington Street, Preston, Lancashire PR1 8TS2
£151K05/230.27 mi5, The Ferns, Ashton On Ribble, Preston, Lancashire PR2 2BZ2
£100K07/230.28 mi3, Cardigan Street, Ashton On Ribble, Preston, Lancashire PR2 2AS2
£98K02/230.28 mi48, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£120K10/230.29 mi1, Ladysmith Road, Ashton On Ribble, Preston, Lancashire PR2 2JP2
£90K10/210.29 mi35, St Marks Road, Preston, Lancashire PR1 8TL2
£76K12/200.29 mi50, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£95K04/210.29 mi15, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£95K03/210.31 mi206, Shelley Road, Ashton On Ribble, Preston, Lancashire PR2 2BX2
£103.5K03/210.31 mi36, Beamont Drive, Preston, Lancashire PR1 8UN2
£123K01/210.31 mi5, Beamont Drive, Preston, Lancashire PR1 8UN2
£112.5K02/230.31 mi132, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2JR2
£110K03/230.31 mi64, Inkerman Street, Ashton On Ribble, Preston, Lancashire PR2 2AQ2
£92.5K12/200.31 mi7, Brookhouse Street, Ashton On Ribble, Preston, Lancashire PR2 2AN2
£106K11/200.32 mi77, Roebuck Street, Ashton On Ribble, Preston, Lancashire PR2 2BQ2
£130K08/230.32 mi41, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£112K12/200.32 mi23, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£85K11/210.32 mi45, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£123.5K03/230.32 mi15, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£107K01/230.33 mi33, Ecroyd Road, Ashton On Ribble, Preston, Lancashire PR2 2LA2
£76K12/200.33 mi5, Ridley Road, Ashton On Ribble, Preston, Lancashire PR2 2BS2
£88K01/210.34 mi19, Armstrong Street, Ashton On Ribble, Preston, Lancashire PR2 2LB2
£110K04/230.35 mi4, Clifton Place, Ashton On Ribble, Preston, Lancashire PR2 2LD2
£116K12/200.37 mi105, Parker Street, Ashton On Ribble, Preston, Lancashire PR2 2AJ2

Local Rents

52 rents from £625/mo to £1K/mo, average is £760/mo.

RentDateDistanceAddressBeds 
£80012/240.02 mi-2
£81502/250.07 mi-2
£80007/240.08 mi-2
£80001/250.08 mi-2
£80003/250.08 mi-2
£72507/240.08 miCannon Hill, Ashton-on-Ribble - , PRESTON, Lancashire PR2 2RR2
£67506/240.09 mi-2
£67506/240.09 mi-2
£67506/240.09 miNares Street, Preston, PR22
£62506/240.09 miTulketh Road, Ashton-on-Ribble2
£80007/240.11 mi-2
£72512/240.11 mi-2
£75006/240.11 miTulketh Crescent, Ashton On Ribble, Preston2
£75012/240.11 mi-2
£95006/240.11 miBrampton Street, Ashton-On-Ribble, Preston, PR22
£95006/240.11 mi-2
£95006/240.11 mi-2
£80003/250.17 mi-2
£85012/240.18 miBank Place, Ashton-On-Ribble, Preston, PR22
£85012/240.18 mi-2
£65012/240.18 miGarden Court, Tulketh Avenue, Preston, PR22
£65006/240.19 miWest Strand Preston PR1 8UJ2
£74506/240.21 miAshley Mews, Ashton on Ribble, Preston, PR22
£65006/240.23 miTulketh Brow, Preston, PR22
£75007/240.24 miDart Street, Ashton-On-Ribble2
£80002/250.27 mi-2
£75007/240.28 miSteeple View, Ashton-on-ribble, Preston2
£70007/240.28 miVictoria Parade, Ashton-on-ribble, Preston2
£67506/240.29 miLadysmith Road, Ashton2
£79506/240.29 miWatery Lane, Ashton on Ribble, Preston, PR22
£1,00207/240.29 miSt. Marks Road, Preston, Lancashire, PR12
£80006/240.29 miDelacy Street, PRESTON PR2 2DD2
£75007/240.31 miBeamont Drive, Preston2
£70006/240.31 miBeamont Drive, Preston, PR12
£79010/230.31 miKingfisher court, Beamont Drive, Preston2
£75007/240.31 miKingfisher Court, Preston2
£75008/240.31 miKingfisher Court, Preston2
£85006/240.32 miInkerman Street Preston PR2 2AQ2
£69912/240.32 mi-2
£72506/240.33 miEldon Street - flat 2, PRESTON PR2 2BA2
£69507/240.34 miRaglan Street, Ashton-on-ribble, Preston2
£65007/240.37 mi-2
£77002/240.37 mi-2
£89502/250.37 mi-2
£75006/240.38 miBrook Court, Dorman Close, Preston, Lancashire, PR22
£69506/240.38 miBrook Court, Ashton2
£1,00007/240.44 miWellfield Road, Preston, Lancashire, PR12
£80012/240.45 mi-2
£85006/240.46 miPark View Avenue, Ashton-On-Ribble, Preston, PR22
£85006/240.46 mi-2
£85006/240.46 mi-2
£85012/240.46 mi-2

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

1.43 miles away

Nearest school

0.10 miles away

Nearest train station

1 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £80,000

September 12, 2024

Floor Plans

Description

  • Being Sold via Secure Sale Online Bidding. Terms & Conditions apply. +
  • POPULAR RESIDENTIAL LOCATION +
  • 2 BEDROOMS +
  • IDEAL FIRST TIME BUY OR INVESTMENT PROPERTY +

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £80,000

Hazelwells offer for sale this traditional mid terrace property which would make and ideal investment or first time buy. The accommodation briefly comprises; vestibule, lounge, kitchen, two bedrooms and bathroom. The property has gas central heating, double glazing and an enclosed rear yard. Situated in a popular residential location with good road networks, access to local amenities and Preston City Centre. Viewings are recommended. No Chain.

We have been advised that the property is Freehold
Council Tax Band A
EPC Band D

Vestibule

Entrance vestibule leading into the lounge.

Lounge
13' 9'' x 13' 1'' (4.20m x 4.00m)
Double glazed window to the front, panel radiator and feature fireplace.

Kitchen
9' 10'' x 9' 10'' (3.00m x 3.00m)
Modern fitted kitchen with wall and base units, complementary work surfaces, stainless steel sink and drainer with mixer tap, electric over, gas hob and extractor. Space for white goods. Double glazed window to the rear, door leading to the rear yard, panel radiator. Stairs to the first floor, under stair storage.

First Floor Landing

Bedroom 1
10' 6'' x 13' 1'' (3.20m x 4.00m)
Double glazed window to the front and panel radiator.

Bedroom 2
12' 10'' x 6' 11'' (3.90m x 2.10m)
Double glazed window to the rear and panel radiator.

Bathroom
9' 6'' x 8' 10'' (2.90m x 2.70m)
Four piece suite comprising wc, pedestal wash hand basin, panel bath and seperate shower. Double glazed window to the rear, panel radiator.

Rear Yard

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

If you are thinking of selling or renting your home why not ask us to provide a free market appraisal with detailed valuation report and see how our fresh & enthusiastic approach to marketing will help to sell your house. PROPERTY MISDESCRIPTIONS: The agent has not tested any apparatus, equipment, fixtures and fittings, or services, so cannot verify that they are in working order or fit for the purpose. References to the Tenure of the property are based on information supplied by the Vendor. The agents have not had sight of the title documents. The buyer is advised to obtain verification from their Solicitor. Fixtures & Fittings other than those mentioned within these details need to be confirmed with the seller. Please note that any services, heating systems or appliances have not been tested and no warranty can be given or implied as to their working order. Hazelwells have produced these details in good faith and believe them to provide a fair and accurate description of the property. Following viewing and prior to financial commitment, prospective buyers should satisfy themselves as to the property's suitability and make their own enquiries relating to specific points of importance. The accuracy of these particulars is not guaranteed and they do not form part of any contract. You are advised to check the availability of any property before travelling any distance to view.

Agent Details

Hazelwells, Preston

01772 823050

Next Steps?

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