3 Bed Semi-Detached House, Refurb/BRRR, Preston, PR1 0LS, £190,000

59 Howick Park Avenue, Preston, Lancashire, PR1 0LS - 3 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
88 m²
+6 photos

ValuationUndervalued

Sold Prices£125K - £362.5K
Sold Prices/m²£1.7K/m² - £4K/m²

 

 

Square Metres

88 m²
Price/m²£2.2K/m²

Value Estimate

£214,149
BMV2%

 

 

End Value (After Refurb)

£237,084

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£7,499

Refurb Costs

£37,316

Bridging Loan Interest

£4,988

Total Cash In

£99,052

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£237,084

Mortgage (After Refinance)

£177,813

Mortgage LTV

75%

Cash Released

£35,313

Cash Left In

£63,739

Equity

£59,271

Rent Range

£895 - £1,350

Rent Estimate

£1,059

Running Costs/mo

£973

Cashflow/mo

£86

Cashflow/yr

£1,036

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £125K to £362.5K, average is £245K. £1.7K/m² to £4K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£125K11/200.02 mi30, Howick Park Avenue, Penwortham, Preston, Lancashire PR1 0LS3
£253.3K09/210.05 mi240, Liverpool Road, Penwortham, Preston, Lancashire PR1 0LY3
£190K08/210.05 mi51, Howick Park Drive, Penwortham, Preston, Lancashire PR1 0LU3
£177.9K12/200.11 mi24, Howick Park Close, Penwortham, Preston, Lancashire PR1 0LT3
£259K12/220.11 mi245, Liverpool Road, Penwortham, Preston, Lancashire PR1 0NA3
£255K11/210.11 mi237, Liverpool Road, Penwortham, Preston, Lancashire PR1 0NA3
£209.9K01/210.11 mi241, Liverpool Road, Penwortham, Preston, Lancashire PR1 0NA3
£240K04/230.11 mi259, Liverpool Road, Penwortham, Preston, Lancashire PR1 0NA3
£180K03/210.19 mi60, Stanley Grove, Penwortham, Preston, Lancashire PR1 0JJ3
£237K11/200.21 mi5, Central Drive, Penwortham, Preston, Lancashire PR1 0NL3
£245K03/210.21 mi15, Central Drive, Penwortham, Preston, Lancashire PR1 0NL3
£275K11/200.23 miWoodside, 4a, The Spinney, Penwortham, Preston, Lancashire PR1 0NQ3
£350K08/230.24 mi16, Carlisle Avenue, Penwortham, Preston, Lancashire PR1 0QP3
£242K12/210.24 mi5, Wilton Grove, Penwortham, Preston, Lancashire PR1 0QU3
£255K05/210.25 mi3, Manor Grove, Penwortham, Preston, Lancashire PR1 0QA3
£162K11/200.26 mi95, Whitefield Road, Penwortham, Preston, Lancashire PR1 0QR3
£255.3K03/230.26 mi6, Mayflower Avenue, Penwortham, Preston, Lancashire PR1 0LJ3
£330K12/220.28 mi153, Liverpool Road, Penwortham, Preston, Lancashire PR1 0QH3
£300K09/210.29 mi2, Blashaw Lane, Penwortham, Preston, Lancashire PR1 0JN3
£325K11/220.29 mi84, Manor Lane, Penwortham, Preston, Lancashire PR1 0QS3
£362.5K12/220.33 mi140, Liverpool Road, Penwortham, Preston, Lancashire PR1 0QJ3
£250K10/210.34 mi80, Whitefield Road, Penwortham, Preston, Lancashire PR1 0QQ3
£270K09/210.34 mi64, Whitefield Road, Penwortham, Preston, Lancashire PR1 0QQ3
£240K02/230.35 mi15, Oaklands Drive, Penwortham, Preston, Lancashire PR1 0XY3
£215K04/210.35 mi6, Clovelly Drive, Penwortham, Preston, Lancashire PR1 0QX3
£228K06/230.36 mi1, Langholme Road, Penwortham, Preston, Lancashire PR1 0TL3
£211K05/230.36 mi7, Lime Close, Penwortham, Preston, Lancashire PR1 0PL3
£220K11/200.36 mi18, Lime Close, Penwortham, Preston, Lancashire PR1 0PL3
£240K11/200.36 mi21, Lime Close, Penwortham, Preston, Lancashire PR1 0PL3
£185K03/230.36 mi14, Stanley Grove, Penwortham, Preston, Lancashire PR1 0JH3
£225K03/230.38 mi71, Manor Lane, Penwortham, Preston, Lancashire PR1 0TA3
£150K04/210.38 mi38, Newlands Avenue, Penwortham, Preston, Lancashire PR1 0QY3
£239.9K02/230.38 mi27, Newlands Avenue, Penwortham, Preston, Lancashire PR1 0QY3
£185K02/210.38 mi73a, Manor Lane, Penwortham, Preston, Lancashire PR1 0TA3
£185K03/210.4 mi6, Birch Avenue, Penwortham, Preston, Lancashire PR1 0PB3
£336K10/220.41 mi20, Cherry Wood, Penwortham, Preston, Lancashire PR1 0PJ3
£245K03/230.44 mi12, Newlands Avenue, Penwortham, Preston, Lancashire PR1 0QY3
£252K03/210.44 mi12, Chesmere Drive, Penwortham, Preston, Lancashire PR1 0RA3
£245K03/210.45 mi39, Cherry Wood, Penwortham, Preston, Lancashire PR1 0PJ3
£230K11/200.47 mi26, Beechway, Penwortham, Preston, Lancashire PR1 0XS3
£292.5K02/230.47 mi42, Beechway, Penwortham, Preston, Lancashire PR1 0XS3
£265K02/230.48 mi9, Whitefield Road, Penwortham, Preston, Lancashire PR1 0XJ3
£275K02/230.5 mi16, Thorngate Close, Penwortham, Preston, Lancashire PR1 0XN3
£280K01/230.5 mi6, Troon Court, Penwortham, Preston, Lancashire PR1 0HS3
£264.4K12/220.51 mi2, Green Drive, Penwortham, Preston, Lancashire PR1 0RD3
£245K06/230.52 mi15, Barn Croft, Penwortham, Preston, Lancashire PR1 0SX3
£350K11/220.53 mi22, Gleneagles Drive, Penwortham, Preston, Lancashire PR1 0JT3
£219.9K12/200.54 mi7, Manor Lane, Penwortham, Preston, Lancashire PR1 0SY3
£320K12/220.54 mi1, Kingsway West, Penwortham, Preston, Lancashire PR1 0JA3
£305K02/230.55 mi3, Almond Close, Penwortham, Preston, Lancashire PR1 0YQ3

Local Rents

15 rents from £895/mo to £1.4K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,25008/240.56 miMoorhey Drive, Penwortham, PR13
£1,25008/240.56 miMoorhey Drive, Penwortham, PR13
£1,10009/240.56 miMoorhey Drive, Penwortham, PR13
£99507/240.58 miCedar Way, Penwortham3
£1,10008/240.83 miAlcester Avenue, Penwortham3
£89507/240.87 miCroft Bank, Penwortham, PR13
£99507/241 miMaritime Way, Ashton-On-Ribble, Lancashire, PR23
£90006/241.04 miPrinces Reach, Ashton-On-Ribble, Preston3
£95006/241.05 miPrinces Reach, Ashton-on-Ribble3
£1,35012/241.05 miPrinces Reach, Ashton-on-ribble3
£97506/241.06 miVictoria Quay, Ashton-on-Ribble, Preston, Lancashire, PR23
£99510/231.11 miPope Lane, Penwortham. PR13
£1,10007/241.11 miNavigation Way, Ashton-on-ribble3
£92508/241.13 miWoodville Road West, Penwortham3
£1,10006/241.15 miRoyalty Lane, New Longton, Preston, PR43

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

2.81 miles away

Nearest school

0.30 miles away

Nearest train station

1.75 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 £190,000

January 27, 2025

Price changed to £200,000

January 7, 2025

Listed for £209,950

September 16, 2024

Sold for £145,000

2010

Sold for £153,000

2008

Sold for £62,900

2000

Floor Plans

Description

  • Extended 3 Bedroom Family Home +
  • Higher Penwortham +
  • Offered With No Chain +
  • Dual Aspect Living/ Dining Room +
  • South Facing Rear Garden +
  • Fitted Kitchen +
  • Utility Room +
  • Three Piece Bathroom +
  • Ample Off Road Parking +
  • Full Property Details in our Brochure * LINK BELOW +

Nestled in a highly sought-after location near the heart of Penwortham, this property presents an ideal setting for family living. Its prime position within a renowned school catchment area makes it particularly appealing for families, offering easy access to excellent educational facilities. Additionally, the home is conveniently located close to local shops, parks, and essential amenities, providing a harmonious blend of comfort and convenience.

This three-bedroom semi-detached house is ready for a touch of renovation and personalisation, having been extended to the rear and offered with no onward chain, allowing for a smooth and hassle-free move.

The property benefits from a spacious front driveway, providing ample off-street parking.

The dual-aspect living and dining room enjoys plenty of natural light, with a window to the front and patio doors leading to the rear garden, creating a bright and airy space ideal for both relaxation and entertaining.

The fitted kitchen is accompanied by a utility room, adding extra functionality to the home.

Upstairs, the property comprises three well-proportioned bedrooms and a family bathroom with a three-piece suite.

A true highlight of this home is the south-facing rear garden, a tranquil and private outdoor space. Whether you're a gardening enthusiast, enjoy al fresco dining, or simply want a peaceful retreat to unwind, this garden is the perfect haven.

Overall, this property combines a versatile, family-friendly layout with a fantastic location, offering an exciting opportunity for buyers looking for a home in one of the area's most desirable settings. 

LOCAL INFORMATION PENWORTHAM is a town in South Ribble, Lancashire. Situated on the South Bank of the River Ribble, where a vibrant community with an abundance of shops, cafes, diverse eateries and trendy wine bars, are conveniently on hand. Excellent catchment area for primary and secondary schools. Preston city centre is no more than a mile away, easy access to the motorway network with the Lake District, Manchester and Liverpool being only an hour's drive. Fantastic walks, parks and cycleways are also easily accessed within minutes of the area.  

HALLWAY  

LIVING/DINING ROOM 25' 10" x 10' 3" (7.87m x 3.12m)  

KITCHEN 18' 1" x 12' 2" (5.51m x 3.71m)  

UTILITY ROOM 6' 6" x 5' 2" (1.98m x 1.57m)  

LANDING  

BEDROOM ONE 14' 1" x 9' 6" (4.29m x 2.9m)  

BEDROOM TWO 11' 7" x 10' 4" (3.53m x 3.15m)  

BEDROOM THREE 6' 6" x 6' (1.98m x 1.83m)  

BATHROOM 5' 9" x 6' 8" (1.75m x 2.03m)  

OUTSIDE  

We are informed this property is Council Tax Band C
For further information please check the Government Website

Whilst we believe the data within these statements to be accurate, any person(s) intending to place an offer and/or purchase the property should satisfy themselves by inspection in person or by a third party as to the validity and accuracy.

Please call to arrange a viewing on this property now. Our office hours are 9am-5pm Monday to Friday and 9am-4pm Saturday.

Agent Details

Roberts & Co Estate Agents, Preston & South Ribble

01772 963610

Next Steps?

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

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