3 Bed Bungalow, Refurb/BRRR, Preston, PR5 0BE, £190,000

Appleby Close, PR5 0BE - 6 months ago

Refurb/BRRR
Planning
ROI: 1%
~121 m²
+17 photos

ValuationUndervalued

Sold Prices£120K - £487.5K
Sold Prices/m²£1.6K/m² - £6.2K/m²

 

 

Square Metres

~120.60 m²
Price/m²£1.6K/m²

Value Estimate

£195,700
BMV3%

 

 

End Value (After Refurb)

£258,266

Uplift in Value

+36%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£12,000

Refurb Costs

£51,130

Bridging Loan Interest

£4,988

Total Cash In

£117,367

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£258,266

Mortgage (After Refinance)

£193,700

Mortgage LTV

75%

Cash Released

£51,200

Cash Left In

£66,168

Equity

£64,567

Rent Range

£950 - £1,300

Rent Estimate

£1,097

Running Costs/mo

£1,046

Cashflow/mo

£51

Cashflow/yr

£606

ROI

1%

Gross Yield

7%

Local Sold Prices

28 sold prices from £120K to £487.5K, average is £196.3K. £1.6K/m² to £6.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£190K08/230.05 mi63, Hayfield Avenue, Hoghton, Preston, Lancashire PR5 0AX3
£158K04/210.07 mi5, Meadowside Drive, Hoghton, Preston, Lancashire PR5 0AP3
£185K12/200.1 mi42, Bournesfield, Hoghton, Preston, Lancashire PR5 0EH3
£168.5K05/210.18 mi8, Bournes Row, Hoghton, Preston, Lancashire PR5 0DR3
£225K06/230.18 mi57, Bournes Row, Hoghton, Preston, Lancashire PR5 0DR3
£140K07/210.2 mi327, Gregson Lane, Hoghton, Preston, Lancashire PR5 0FD3
£134K02/210.2 mi341, Gregson Lane, Hoghton, Preston, Lancashire PR5 0FD3
£205K07/230.25 mi302, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£210K03/230.25 mi287, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£273K11/220.25 mi265, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£160K11/200.25 mi289, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£268K11/200.27 mi5, Friths Court, Hoghton, Preston, Lancashire PR5 0EF3
£182K09/210.28 mi1, Friths Avenue, Hoghton, Preston, Lancashire PR5 0DX3
£160K09/210.34 mi61, Arrowsmith Drive, Hoghton, Preston, Lancashire PR5 0DT3
£135K05/210.35 mi22, Arrowsmith Close, Hoghton, Preston, Lancashire PR5 0DU3
£155K12/200.41 mi28, Knowsley Drive, Hoghton, Preston, Lancashire PR5 0EE3
£215K12/200.41 miWellsbourne, Bank Head Lane, Bamber Bridge, Preston, Lancashire PR5 6YR3
£185K02/230.43 mi7, Brookhouse Close, Hoghton, Preston, Lancashire PR5 0FH3
£487.5K09/210.52 miMill House Cottage, Mill House Lane, Brindle, Chorley, Lancashire PR6 8NS3
£233.2K03/230.69 mi221, Hoghton Lane, Hoghton, Preston, Lancashire PR5 0JE3
£206K12/200.74 mi1, Methuen Close, Hoghton, Preston, Lancashire PR5 0JP3
£150K06/210.75 mi2, Charles Crescent, Hoghton, Preston, Lancashire PR5 0LL3
£275K09/210.78 mi24, Fox Lane, Hoghton, Preston, Lancashire PR5 0JQ3
£250K09/210.8 mi4, Winster Close, Hoghton, Preston, Lancashire PR5 0PA3
£120K03/210.81 mi61, Gregson Lane, Hoghton, Preston, Lancashire PR5 0LE3
£364K06/210.83 mi356, Brindle Road, Bamber Bridge, Preston, Lancashire PR5 6YN3
£202.5K08/230.86 mi20, Grange Drive, Hoghton, Preston, Lancashire PR5 0LP3
£210K09/210.88 mi9, Cottage Gardens, Bamber Bridge, Preston, Lancashire PR5 6AG3

Local Rents

10 rents from £950/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,00006/240.1 mi-3
£1,10012/240.1 miAlder Drive, Hoghton3
£95006/240.2 miBankhead Lane, Hoghton, Preston, PR53
£1,20012/240.29 mi-3
£1,25003/250.52 mi-3
£99512/240.74 miOak Leaf Drive, Bamber Bridge3
£97512/240.82 mi-3
£1,30001/250.98 mi-3
£1,10003/251.06 mi-3
£1,10002/251.06 mi-3

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

3.82 miles away

Nearest school

0.10 miles away

Nearest train station

1.63 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £190,000

January 19, 2025

Listed for £200,000

October 7, 2024

Floor Plans

Description

  • No Onward Chain +
  • 3-4 Bedrooms +
  • Off Road parking +
  • Close to local Amenities +
  • Council Tax- C +
  • Corner Plot +
  • Garage +

This 3 to 4-bedroom detached house, set on a generous corner plot, offers an exciting opportunity for buyers looking to put their own stamp on a home in a sought-after location. In need of some modernisation, the property presents excellent potential for renovation and extension (subject to planning permission), making it ideal for those seeking a project with ample scope to add value.

Upon entering, you will be surprised how spacious this property is. On entering the lounge you are greeted to a light-filled living room with large windows that provide plenty of natural light. The adjoining dining room offers views of the rear and side garden and could be opened up to create a contemporary open-plan living space.
The kitchen, though functional, would benefit from updating to modern standards, and offers potential to reconfigure or extend into the adjacent space. A versatile second reception room on the ground floor can serve as a fourth bedroom, home office, or additional living space.

Upstairs, the property boasts three well-proportioned bedrooms, all offering ample space for storage. The family bathroom which is in need of refurbishment but offers the opportunity to create a modern and stylish space.

Externally, the large wrap-around garden provides plenty of outdoor space for gardening or entertaining, with the corner plot offering extra privacy and potential for future expansion (subject to planning permission).
The property also benefits from off-road parking and a detached garage.

Located in a popular residential area, with easy access to local schools, shops, and transport links, this property is perfect for families or investors looking to create their dream home.
Viewing is highly recommended to appreciate the potential this property has to offer.
Council Tax Band: C
EPC Rating: TBC

Agent Details

AMR Sales and Lettings Ltd, Bamber Bridge

01772 211672

Next Steps?

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