2 Bed Terraced House, Single Let, Preston, PR1 8PU, £110,000

26 Carnarvon Road, Preston, Lancashire, PR1 8PU - 2 views - 6 months ago

Under Offer
BTL
ROI: 8%
63 m²
+1 photos

ValuationOvervalued

Sold Prices£70K - £183K
Sold Prices/m²£843/m² - £3.3K/m²

 

 

Square Metres

63 m²
Price/m²£1.7K/m²

Value Estimate

£85,627

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,650

Total Cash In

£32,150

 

 

Cash Out

 

Rent Range

£675 - £2,185

Rent Estimate

£738

Running Costs/mo

£511

Cashflow/mo

£227

Cashflow/yr

£2,720

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £70K to £183K, average is £98K. £843/m² to £3.3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£75K01/210.05 mi21, Langton Street, Preston, Lancashire PR1 8PY2
£82K06/230.13 mi27, Kingswood Street, Preston, Lancashire PR1 8NP2
£98K09/210.13 mi33, Talbot Road, Preston, Lancashire PR1 8NX2
£85K03/230.2 mi16, Nelson Terrace, Preston, Lancashire PR1 8SQ2
£110K10/210.24 mi13, Colman Court, Preston, Lancashire PR1 8DL2
£125K01/230.25 mi38, Grafton Street, Preston, Lancashire PR1 8JH2
£79K01/210.28 mi17, Brixey Street, Preston, Lancashire PR1 8EB2
£92K12/200.28 mi15, Beech Terrace, Preston, Lancashire PR1 8DQ2
£70K06/230.31 mi15, Bird Street, Preston, Lancashire PR1 8DY2
£77K11/200.36 mi10, River Parade, Preston, Lancashire PR1 8EJ2
£97K02/230.42 mi15, Meath Road, Preston, Lancashire PR1 8EP2
£115K04/230.42 mi2, Weston Street, Ashton On Ribble, Preston, Lancashire PR2 2QE2
£96.5K03/230.43 mi5, Meath Road, Preston, Lancashire PR1 8EP2
£103.5K03/210.44 mi36, Beamont Drive, Preston, Lancashire PR1 8UN2
£123K01/210.44 mi5, Beamont Drive, Preston, Lancashire PR1 8UN2
£90K10/210.47 mi35, St Marks Road, Preston, Lancashire PR1 8TL2
£100K03/210.47 mi15, Garden Street, Preston, Lancashire PR1 8BT2
£85K10/210.51 mi119, Wellington Street, Preston, Lancashire PR1 8TS2
£75K04/230.51 mi111, Wellington Street, Preston, Lancashire PR1 8TS2
£183K12/220.54 mi27, South End, Preston, Lancashire PR1 8HA2
£160K12/200.66 mi11, Riverside Road, Penwortham, Preston, Lancashire PR1 9RE2
£78K08/210.66 mi38, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£95K05/210.66 mi50, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£98K02/210.68 mi1, Tulketh Crescent, Ashton On Ribble, Preston, Lancashire PR2 2RH2
£102.5K02/210.68 mi32, Swansea Street, Ashton On Ribble, Preston, Lancashire PR2 1AS2
£90K07/210.68 mi21, Bray Street, Ashton On Ribble, Preston, Lancashire PR2 2RP2
£98K05/230.7 mi26, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£90K11/200.7 mi35, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£100K07/230.72 mi3, Cardigan Street, Ashton On Ribble, Preston, Lancashire PR2 2AS2
£110K01/230.73 mi42, Great Avenham Street, Preston, Lancashire PR1 3TD2
£158K03/230.73 mi37, Endeavour Close, Ashton On Ribble, Preston, Lancashire PR2 2YG2
£164K06/230.74 mi14, Talbot Road, Penwortham, Preston, Lancashire PR1 9QU2
£129K02/210.74 mi17, Talbot Road, Penwortham, Preston, Lancashire PR1 9QU2
£80K03/210.74 mi7, Flett Street, Ashton On Ribble, Preston, Lancashire PR2 2RX2
£98K02/230.76 mi48, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£92K03/230.76 mi8, Wolseley Place, Preston, Lancashire PR1 3XJ2
£85K12/200.77 mi67, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£76K03/210.77 mi16, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£117K06/230.77 mi41, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£180K12/220.78 mi22, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£76K12/200.78 mi50, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£95K04/210.78 mi15, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£92.5K12/200.78 mi7, Brookhouse Street, Ashton On Ribble, Preston, Lancashire PR2 2AN2
£83K05/230.8 mi13, Nares Street, Ashton On Ribble, Preston, Lancashire PR2 2SS2
£110K03/230.8 mi64, Inkerman Street, Ashton On Ribble, Preston, Lancashire PR2 2AQ2
£108K09/210.8 mi85, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£118.5K03/230.8 mi35, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£115K11/200.8 mi27, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£105K11/200.8 mi37, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£116.5K12/200.8 mi83, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2

Local Rents

50 rents from £675/mo to £2.2K/mo, average is £997/mo.

RentDateDistanceAddressBeds 
£80007/240.05 mi-2
£72506/240.05 miLangton Street, PRESTON PR1 8PY2
£75006/240.05 miLangton Street, Preston2
£75007/240.11 miChrist Church Street, Preston, PR12
£87207/240.11 miChrist Church Street, Preston, Lancashire, PR12
£95010/240.11 mi-2
£86707/240.11 mi-2
£86707/240.11 mi-2
£1,04006/240.11 miChristchurch Street-Flat 1, PRESTON PR1 8PH2
£82307/240.11 miChristchurch Street flat 2, PRESTON PR1 8PH2
£75008/240.13 miChrist Church Street, Preston2
£75008/240.13 miChrist Church Street, Preston2
£1,08306/240.14 miFlat 2 Preston PR1 8JE2
£1,08306/240.14 miFlat 1 Preston PR1 8JE2
£1,08306/240.14 mi Preston PR1 8JE2
£85008/240.16 mi-2
£85009/240.16 mi-2
£1,12708/240.16 mia Fishergate Hill, Preston2
£97106/240.17 miFishergate Hill Flat, PRESTON, Lancashire PR1 8JB2
£1,40007/240.17 miThe Old County Hotel, Fishergate Hill, Preston2
£1,49503/250.17 mi-2
£1,49503/250.17 mi-2
£79511/240.19 mi-2
£90007/240.22 miStation Terrace, Waltons Parade2
£1,64506/240.24 mi-2
£2,18509/240.24 mi-2
£2,18503/250.24 mi-2
£75008/240.24 mi-2
£75003/250.24 mi-2
£99708/240.25 miFishergate Court, Flat 1, PRESTON, Lancashire PR1 8JB2
£1,04008/240.25 miFishergate Court, Flat 2, PRESTON, Lancashire PR1 8JB2
£99708/240.25 miFishergate Court, Flat 3, PRESTON, Lancashire PR1 8JB2
£1,10007/240.25 miFlat , Fishergate Court, Fishergate, Preston2
£1,10006/240.28 miThe Sorting Office, 42 West Cliff, Preston, PR12
£85006/240.29 miWest Cliff, Preston2
£75006/240.3 mi-2
£69506/240.31 miTaylor Street, Broadgate, Preston PR12
£95007/240.31 miWest Cliff, Preston2
£67507/240.32 miTyne Street, Preston2
£99506/240.33 miThe Sorting Office, 42 West Cliff, Preston2
£1,10006/240.33 miThe Sorting Office, 42 West Cliff, Preston2
£1,27507/240.33 miThe Sorting Office, 42 West Cliff, Preston2
£1,10007/240.33 miThe Sorting Office, 42 West Cliff, Preston2
£1,25007/240.33 miThe Sorting Office, 42 West Cliff, Preston2
£1,27507/240.33 miThe Sorting Office, 42 West Cliff, Preston2
£1,17506/240.34 miBishopgate Gardens, Bishopgate, Preston2
£1,15006/240.34 miBishopgate Gardens, Bishopgate, Preston2
£1,25007/240.34 miBishopgate Gardens, Bishopgate, Preston2
£1,22507/240.34 miBishopgate Gardens, Bishopgate , Preston2
£1,40006/240.34 miBishopgate Gardens, Bishopgate, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

1.28 miles away

Nearest school

0.40 miles away

Nearest train station

0.31 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 £110,000

December 13, 2024

Listed for £115,000

October 11, 2024

Sold for £69,950

2004

Sold for £35,000

2002

Floor Plans

Description

  • NO Chain +
  • Fantastic inventment opportunity +
  • Generating income straight away +
  • Fantastic location +
  • Council tax band A +
  • Close to UCLAN +

This modern two-bedroom home is an ideal investment opportunity, currently tenanted to provide immediate rental income. The property is presented in excellent condition throughout, offering a contemporary living space perfect for tenants or owner-occupiers alike.

Upon entering, you are greeted by a spacious reception room, offering ample space for relaxation and entertaining. The sleek, fully-fitted kitchen is designed with modern fixtures and integrated appliances, providing a practical and stylish cooking space.

Upstairs, there are two bedrooms, each benefiting from plenty of natural light. The bathroom is equally modern, tiled throughout with an overhead shower.

Externally, the property boasts a low-maintenance rear garden, ideal for outdoor dining or leisure.

This is an attractive and hassle-free investment, with the potential to earn from day one due to the current tenancy arrangement. A fantastic opportunity for buy-to-let investors!

Call Open House Lancashire today to arrange your viewing!

Council Tax Band: A
Tenure: Freehold

Agent Details

Open House Preston Ltd, Preston

01772 503146

Next Steps?

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