2 Bed Flat, Single Let, Preston, PR1 3UQ, £65,000

Avenham Lane, Preston, Lancashire, PR1 3UQ - 1 views - 6 months ago

Sold STC
BTL
ROI: 19%
~76 m²
+1 photos

ValuationUndervalued

Sold Prices£44.5K - £163K
Sold Prices/m²£1.1K/m² - £3.3K/m²

 

 

Square Metres

~76 m²
Price/m²£855/m²

Value Estimate

£78,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Total Cash In

£19,400

 

 

Cash Out

 

Rent Range

£525 - £2,000

Rent Estimate

£656

Running Costs/mo

£354

Cashflow/mo

£302

Cashflow/yr

£3,620

ROI

19%

Gross Yield

12%

Local Sold Prices

50 sold prices from £44.5K to £163K, average is £90K. £1.1K/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£50K07/230.03 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.03 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£82K05/230.18 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.18 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.18 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£81K12/220.19 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£79.5K04/210.47 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£67K12/220.58 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£44.5K10/200.58 miApartment 58, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.58 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.61 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£105K01/230.75 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£85K12/220.75 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£65K04/210.79 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£130K06/230.83 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£80K09/210.92 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£97K01/230.99 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£78K03/231.17 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£80K06/211.22 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£67K10/201.23 mi77, Brackenbury Road, Preston, Lancashire PR1 7UQ2
£86K03/231.46 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.46 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.46 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£83K10/211.46 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£105K07/211.49 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/231.49 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/201.49 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£114K10/201.49 mi43, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£100K10/201.52 mi94a, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£140K12/221.52 mi54, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£110K11/221.55 miFlat 7, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£112.5K07/231.55 miFlat 5, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£92K05/211.56 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£130K11/221.58 mi13, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£105K09/231.58 mi49, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£118K04/231.58 mi4, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£135K08/231.59 mi47, Pope Lane, Penwortham, Preston, Lancashire PR1 9JN2
£145K11/211.6 mi138, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XE2
£125K01/231.6 mi184, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XF2
£142.5K06/231.6 mi44, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£163K02/231.6 mi42, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£123K12/221.6 mi30, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£151.5K01/231.6 mi56, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£90K02/211.63 mi9, Handshaw Drive, Penwortham, Preston, Lancashire PR1 9SG2
£75K11/201.64 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£160K01/211.65 mi3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£128K12/201.65 miFlat 6, Wembley Court, Wembley Avenue, Penwortham, Preston, Lancashire PR1 9UW2
£52.5K04/211.67 miFlat 21, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£59.4K10/201.67 miFlat 14, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£61.5K12/221.67 miFlat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2

Local Rents

50 rents from £525/mo to £2K/mo, average is £963/mo.

RentDateDistanceAddressBeds 
£75007/240.02 miAvenham Lane, Preston2
£77507/240.02 miSandown Court, Avensham Lane, Preston, PR1 3RP2
£79510/230.03 miWolseley Place, Preston, Lancashire, PR12
£65002/250.03 mi-2
£52507/240.03 miSandown Court, Preston2
£75002/250.04 mi-2
£70006/240.05 miSandown Court, Preston2
£79506/240.06 miCity Views, Prestion, PR1 3QE2
£75006/240.06 mi-2
£1,45007/240.13 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,52507/240.13 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.13 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,57507/240.13 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.13 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,57507/240.13 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.13 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.13 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,65007/240.13 miBuckingham House, Glovers Court2
£75007/240.13 miAvenham Mills, Preston2
£1,60007/240.13 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£99510/230.13 miGoldthread Works,City Centre PR12
£2,00006/240.13 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,95007/240.13 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£75007/240.14 mi-2
£1,20008/240.15 mi24 Cannon Street , Preston, 2
£1,20006/240.15 mi24 Cannon Street , Preston, 2
£1,29506/240.15 mi-2
£1,19508/240.15 mi-2
£77506/240.16 miWinckley House, Winckley Square, Preston, Lancashire, PR12
£1,75007/240.16 miGuild House, 17 Cross Street, Preston, PR12
£1,00007/240.16 miGlovers Court, Preston2
£67506/240.16 miAbram House, Manchester Road, Preston, Lancashire, PR12
£1,45003/220.16 miCity Bridge Apartments, Glovers Court, Preston2
£1,60007/240.16 miCity Bridge Apartments, Glovers Court, Preston2
£1,60006/240.16 miCity Bridge Apartments, Glovers Court, Preston2
£72507/240.16 miManchester Road, Preston2
£99706/240.18 miLatham Street Flat, PRESTON, Lancashire PR1 3TE2
£70006/240.18 miCubic, Birley Street, Preston2
£85006/240.18 mi-2
£90003/250.18 mi-2
£70007/240.19 miCubic, Birley Street, Preston, PR1 2AQ2
£70007/240.19 miCubic, Birley Street, Preston, PR1 2AQ2
£70008/240.19 miCubic, Birley Street, Preston2
£85011/240.19 mi-2
£65007/240.19 miCubic Apartment, Preston2
£97507/240.19 miPark House, Guildhall Street, Preston, PR12
£95007/240.19 miPark House, Guildhall Street, Preston, PR12
£92507/240.19 miPark House, Guildhall Street, Preston, Lancashire, PR12
£92507/240.19 miPark House, Guildhall Street, Preston, Lancashire, PR12
£1,25006/240.19 miFlat , The Union Lofts, Guildhall Street, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.85 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £65,000

October 8, 2024

Floor Plans

Description

  • EPC GRADE D +
  • Attention Investors +
  • Ideal Investment Opportunity +
  • Two Bedroom Duplex Flat +
  • Sun Room With Views Over City Centre +
  • Sold With No Chain +

This well presented duplex flat is on the top floor but don't panic there is lift access as well as stairs.

The property benefits from a sun room which has lovely views over Preston City Centre. Why not sit out in the sun room while watching the world go by.

The accommodation comprises of entrance hall, large lounge diner with an arch to the modern kitchen, sun room and bathroom. To the first floor there are two double bedrooms. The property is sold with no chain delay - do not miss out and call the office to secure your viewing appointment.

EPC Grade D.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

PRS240499/2

Agent Details

Reeds Rains, Preston

01772 283830

Next Steps?

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