3 Bed Semi-Detached House, Refurb/BRRR, Preston, PR1 9NJ, £145,000

17, Moss Acre Road, Penwortham, Preston, PR1 9NJ - 5 months ago

Refurb/BRRR
ROI: 2%
~97 m²
+17 photos

ValuationFair Value

Sold Prices£95K - £306K
Sold Prices/m²£1.4K/m² - £3.8K/m²

 

 

Square Metres

~97 m²
Price/m²£1.5K/m²

Value Estimate

£147,900

 

 

End Value (After Refurb)

£192,263

Uplift in Value

+33%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£5,550

Refurb Costs

£41,132

Bridging Loan Interest

£3,806

Total Cash In

£88,489

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£192,263

Mortgage (After Refinance)

£144,197

Mortgage LTV

75%

Cash Released

£35,447

Cash Left In

£53,042

Equity

£48,066

Rent Range

£850 - £1,250

Rent Estimate

£968

Running Costs/mo

£814

Cashflow/mo

£154

Cashflow/yr

£1,843

ROI

2%

Gross Yield

8%

Local Sold Prices

50 sold prices from £95K to £306K, average is £170K. £1.4K/m² to £3.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£188K04/230 mi5, Moss Acre Road, Penwortham, Preston, Lancashire PR1 9NJ3
£158K10/210.05 mi11, Sherburn Road, Penwortham, Preston, Lancashire PR1 9NN3
£153K06/210.07 mi53, New Lane, Penwortham, Preston, Lancashire PR1 9JH3
£246K04/210.1 mi44, New Lane, Penwortham, Preston, Lancashire PR1 9JJ3
£146K06/230.12 mi3, Martinfield Road, Penwortham, Preston, Lancashire PR1 9HL3
£147K05/210.14 mi41, Lacy Avenue, Penwortham, Preston, Lancashire PR1 9NX3
£136K11/200.14 mi42, Studholme Crescent, Penwortham, Preston, Lancashire PR1 9NE3
£143.3K12/200.16 mi27, Sycamore Drive, Penwortham, Preston, Lancashire PR1 9NQ3
£195K11/200.18 mi28, Studholme Avenue, Penwortham, Preston, Lancashire PR1 9PA3
£205K06/230.18 mi18, Studholme Avenue, Penwortham, Preston, Lancashire PR1 9PA3
£237.5K11/210.19 mi34, Pope Lane, Penwortham, Preston, Lancashire PR1 9JN3
£137K04/230.2 mi10, The Paddock, Penwortham, Preston, Lancashire PR1 9EP3
£180K12/220.21 mi6, Buckingham Avenue, Penwortham, Preston, Lancashire PR1 9HW3
£183K12/220.21 mi12, Giller Close, Penwortham, Preston, Lancashire PR1 9NA3
£177K02/210.22 mi3, Highfield Drive, Penwortham, Preston, Lancashire PR1 9HP3
£183K12/200.22 mi1, Highfield Drive, Penwortham, Preston, Lancashire PR1 9HP3
£186.5K11/200.25 mi28, Padway, Penwortham, Preston, Lancashire PR1 9EN3
£230K02/210.26 mi213, Leyland Road, Penwortham, Preston, Lancashire PR1 9SQ3
£245K04/230.26 mi201, Leyland Road, Penwortham, Preston, Lancashire PR1 9SQ3
£119K01/210.26 mi3, Queenscourt Avenue, Penwortham, Preston, Lancashire PR1 9BT3
£155K10/210.27 mi26, Kingshaven Drive, Penwortham, Preston, Lancashire PR1 9BS3
£177.5K01/230.29 mi63, Hawksbury Drive, Penwortham, Preston, Lancashire PR1 9EH3
£205K05/230.3 mi1, Braintree Avenue, Penwortham, Preston, Lancashire PR1 9UN3
£176K06/230.3 mi20, Fitchfield, Penwortham, Preston, Lancashire PR1 9UE3
£167.5K01/210.3 mi13, Fitchfield, Penwortham, Preston, Lancashire PR1 9UE3
£167.5K11/200.3 mi4, Fitchfield, Penwortham, Preston, Lancashire PR1 9UE3
£160K03/210.3 mi18, Smalley Croft, Penwortham, Preston, Lancashire PR1 9TZ3
£128K11/200.3 mi6, Solway Close, Penwortham, Preston, Lancashire PR1 9RT3
£137K12/200.3 mi19, Smalley Croft, Penwortham, Preston, Lancashire PR1 9TZ3
£155K01/210.32 mi70, Sumpter Croft, Penwortham, Preston, Lancashire PR1 9UJ3
£170K01/210.32 mi30, Sumpter Croft, Penwortham, Preston, Lancashire PR1 9UJ3
£160K11/200.32 mi63, Sumpter Croft, Penwortham, Preston, Lancashire PR1 9UJ3
£170K05/230.32 mi19, Sumpter Croft, Penwortham, Preston, Lancashire PR1 9UJ3
£160K01/230.33 mi8, Bilsborough Hey, Penwortham, Preston, Lancashire PR1 9UQ3
£170K03/210.34 mi6, Bishopsway, Penwortham, Preston, Lancashire PR1 9HU3
£306K06/230.34 mi17, Bishopsway, Penwortham, Preston, Lancashire PR1 9HU3
£195K09/210.34 mi9, Spring Gardens, Penwortham, Preston, Lancashire PR1 9LY3
£166K11/210.34 mi14, Factory Lane, Penwortham, Preston, Lancashire PR1 9TD3
£145K04/230.37 mi48, Ryefield Avenue, Penwortham, Preston, Lancashire PR1 9EB3
£162.2K06/230.37 mi42, Ryefield Avenue, Penwortham, Preston, Lancashire PR1 9EB3
£166.5K11/200.37 mi28, Marshalls Brow, Penwortham, Preston, Lancashire PR1 9HY3
£180K08/230.38 mi26, Marshalls Brow, Penwortham, Preston, Lancashire PR1 9HY3
£245K05/210.38 mi28a, Marshalls Brow, Penwortham, Preston, Lancashire PR1 9HY3
£120K10/210.38 mi34, Broadfield Drive, Penwortham, Preston, Lancashire PR1 9DU3
£95K05/210.38 mi37, Broadfield Drive, Penwortham, Preston, Lancashire PR1 9DU3
£142K05/210.4 mi67, Malthouse Way, Penwortham, Preston, Lancashire PR1 9HH3
£272K10/220.42 mi70, Sumpter Croft, Penwortham, Preston, Lancashire PR1 9UJ3
£260K11/210.44 mi37, Ridge Way, Penwortham, Preston, Lancashire PR1 9XW3
£240.5K03/210.44 mi55, Ridge Way, Penwortham, Preston, Lancashire PR1 9XW3
£300K05/230.44 mi22, Ridge Way, Penwortham, Preston, Lancashire PR1 9XW3

Local Rents

12 rents from £850/mo to £1.3K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£85007/240.13 miSycamore Drive, Penwortham, Preston, PR13
£1,25003/250.16 mi-3
£99506/240.21 miHall Road, Penwortham, PR13
£99507/240.21 miGiller Close, Penwortham, Preston, Lancashire, PR13
£95008/240.35 miGreaves Meadow, Penwortham, Preston3
£1,20007/240.37 miRookery Drive, Penwortham, Preston3
£92508/240.47 miWoodville Road West, Penwortham3
£99510/230.52 miPope Lane, Penwortham. PR13
£89507/240.58 miWoodburn Grove, Penwortham3
£90007/240.6 miDove Avenue, Penwortham, Preston3
£89507/240.6 miCloughfield, Penwortham, Preston3
£92508/240.62 miMargaret Road, Penwortham, Preston, PR13

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

2.34 miles away

Nearest school

0.20 miles away

Nearest train station

1.31 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £145,000

October 9, 2024

Floor Plans

Description

  • Available with NO ONWARD CHAIN +
  • Popular family residential area +
  • In need of some improvements and repairs +
  • Lounge +
  • Extended kitchen +
  • Three bedrooms +
  • Gardens front and rear +
  • EPC rating E +
  • Freehold +
  • Council tax band B +

A family home offering great potential for improvement and modernisation, situated in a popular residential area, with gas central heating and double glazing throughout and the added bonus of NO ONWARD CHAIN. The ground floor accommodation is comprised of a bright entrance hallway, spacious lounge, separate dining room and kitchen with utility area . On the first floor, two double bedrooms, a single bedroom and the bathroom. Externally, there are generously proportioned gardens and a driveway providing off road parking.
EPC rating E. Council Tax Band B, Freehold.
Viewings by appointment only. Call to arrange.
Please Note: All services/appliances have not and will not be tested.

“Holden Estate Agents are now in receipt of an offer for the sum of £140,000 for 17, Moss Acre Road,Penwortham,Preston,PR1 9NJ
Anyone wishing to place an offer on the property should contact Holden Estate Agents 6-8, Watkin Lane, Lostock Hall, PRESTON, PR5 5RD before exchange of contracts”

Ground Floor -

Halllway - uPVC double glazed door to front, uPVC double glazed frosted glass window to side, radiator, tiling to floor, doors into lounge and dining room, stairs to first floor, under stairs storage cupboard.

Lounge - 4.229 x 3.927 (13'10" x 12'10") - uPVC double glazed window to front, radiator, fireplace display with Adam style surround and marble hearth.

Dining Room - 3.629 x 3.177 (11'10" x 10'5" ) - Double glazed sliding door to rear, radiator, tiling to floor, opening into kitchen

Kitchen - 3.336 x 3.252 (10'11" x 10'8") - UPVC double glaze window to rear, door to side, wall & base units with contrasting worktops, space for oven, space for fridge freezer stainless steel 1.5 L sink with single drainer and tiled splashbacks, door into utility room.

Utility Room - 2.212 x 2.130 (7'3" x 6'11" ) - uPVC double glazed frosted glass window to side, wall mounted boiler, space for washing machine, space for dryer.

First Floor -

Landing - uPVC double glazed window to side, loft hatch, doors into two double bedrooms, single bedroom and family bathroom.

Bedroom One - 4.227 x 3.305 (13'10" x 10'10") - uPVC double glazed windows to front, radiator, built-in wardrobes.

Bedroom Two - 3.335 x 3.198 (10'11" x 10'5") - uPVC double glazed windows to rear, radiator, built in wardrobe.

Bedroom Three - 3.188 x 2.436 (10'5" x 7'11") - uPVC double glazed window to front, radiator.

Family Bathroom - 2.418 x 2.214 (7'11" x 7'3") - uPVC double glazed frosted glass windows to rear, corner bath with electric shower, tiled splashbacks, basin with pedestal base, WC, radiator, recessed spotlights.

External - Driveway to front space for multiple vehicles, mature hedges to front and side. Rear garden comprising lawn, mature trees and bushes, patio area.

Property Misdescriptions Act - Although these particulars are thought to be materially correct, they are for guidance only and do not constitute any part of an offer or contract. A wide angle camera has been used in these photos and intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy.

Agent Details

Holdens Estate Agents, Lostock Hall

01772 288956

Next Steps?

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