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





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 |
BMV | 3% |
| |
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.
Local Rents
10 rents from £950/mo to £1.3K/mo, average is £1.1K/mo.
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
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