3 Bed Semi-Detached House, Refurb/BRRR, Preston, PR1 9AA, £200,000

36D Liverpool Road, Penwortham, Preston, Lancashire, PR1 0DQ - 5 months ago

Under Offer

Refurb/BRRR

~93 m²

+5 photos

ValuationUndervalued

Sold Prices	£150K - £440K
Sold Prices/m²	£1.8K/m² - £3.5K/m²

Square Metres	~93 m²
Price/m²	£2.2K/m²
Value Estimate	£206,000£206,000
BMV	3%

End Value (After Refurb)	£242,609£242,609
Uplift in Value	+21%+21%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£7,200£7,200
Refurb Costs	£39,436£39,436
Bridging Loan Interest	£5,250£5,250
Total Cash In	£103,636£103,636

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£242,609£242,609
Mortgage (After Refinance)	£181,957£181,957
Mortgage LTV	75%75%
Cash Released	£31,957£31,957
Cash Left In	£71,680£71,680
Equity	£60,652£60,652
Rent Range	£520 - £1,500£520 - £1,500
Rent Estimate	£987
Running Costs/mo	£976£976
Cashflow/mo	£11£11
Cashflow/yr	£137£137
ROI	0%0%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £150K to £440K, average is £242K. £1.8K/m² to £3.5K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£305K	07/23	0.17 mi	44, Moorhey Drive, Penwortham, Preston, Lancashire PR1 0SS	£3,381	90	3	Semi-Detached House
£219.9K	12/20	0.19 mi	7, Manor Lane, Penwortham, Preston, Lancashire PR1 0SY	£2,460	89	3	Semi-Detached House
£260K	07/21	0.19 mi	3, Clifton Drive, Penwortham, Preston, Lancashire PR1 9XL	£2,826	92	3	Semi-Detached House
£306K	02/23	0.19 mi	8, Manor Avenue, Penwortham, Preston, Lancashire PR1 0XE	£2,468	124	3	Semi-Detached House
£241K	05/21	0.19 mi	2, Clifton Drive, Penwortham, Preston, Lancashire PR1 9XL	£2,485	97	3	Semi-Detached House
£245K	06/23	0.2 mi	15, Barn Croft, Penwortham, Preston, Lancashire PR1 0SX	£2,816	87	3	Semi-Detached House
£230K	02/21	0.21 mi	6, The Aspels, Penwortham, Preston, Lancashire PR1 9AL	£2,190	105	3	Semi-Detached House
£262K	03/23	0.23 mi	10, The Aspels, Penwortham, Preston, Lancashire PR1 9AL	£2,404	109	3	Semi-Detached House
£275K	02/23	0.24 mi	16, Thorngate Close, Penwortham, Preston, Lancashire PR1 0XN	-	-	3	Semi-Detached House
£264.4K	12/22	0.28 mi	2, Green Drive, Penwortham, Preston, Lancashire PR1 0RD	-	-	3	Semi-Detached House
£233K	12/22	0.28 mi	36, Manor Avenue, Penwortham, Preston, Lancashire PR1 0XH	£3,026	77	3	Semi-Detached House
£195K	11/20	0.28 mi	40, Manor Avenue, Penwortham, Preston, Lancashire PR1 0XH	£2,294	85	3	Semi-Detached House
£265K	02/23	0.29 mi	9, Whitefield Road, Penwortham, Preston, Lancashire PR1 0XJ	£3,155	84	3	Semi-Detached House
£245K	03/23	0.3 mi	12, Newlands Avenue, Penwortham, Preston, Lancashire PR1 0QY	-	-	3	Semi-Detached House
£252K	03/21	0.33 mi	12, Chesmere Drive, Penwortham, Preston, Lancashire PR1 0RA	-	-	3	Semi-Detached House
£240K	03/21	0.33 mi	7, Kew Gardens, Penwortham, Preston, Lancashire PR1 0DR	£2,609	92	3	Semi-Detached House
£185K	02/21	0.34 mi	73a, Manor Lane, Penwortham, Preston, Lancashire PR1 0TA	£2,056	90	3	Detached House
£225K	03/23	0.34 mi	71, Manor Lane, Penwortham, Preston, Lancashire PR1 0TA	£2,922	77	3	Semi-Detached House
£150K	04/21	0.34 mi	38, Newlands Avenue, Penwortham, Preston, Lancashire PR1 0QY	-	-	3	Semi-Detached House
£239.9K	02/23	0.34 mi	27, Newlands Avenue, Penwortham, Preston, Lancashire PR1 0QY	£2,463	97	3	Semi-Detached House
£210K	04/21	0.35 mi	20, Belgrave Avenue, Penwortham, Preston, Lancashire PR1 0BH	-	-	3	Semi-Detached House
£235K	03/21	0.35 mi	18, Belgrave Avenue, Penwortham, Preston, Lancashire PR1 0BH	£2,579	91	3	Semi-Detached House
£228K	06/23	0.38 mi	1, Langholme Road, Penwortham, Preston, Lancashire PR1 0TL	-	-	3	Semi-Detached House
£275K	04/23	0.38 mi	22, Broad Oak Lane, Penwortham, Preston, Lancashire PR1 0UY	-	-	3	Detached House
£285K	04/23	0.38 mi	1, Priory Close, Penwortham, Preston, Lancashire PR1 0BB	£2,537	112	3	Semi-Detached House
£150K	02/21	0.39 mi	20, Walton Avenue, Penwortham, Preston, Lancashire PR1 0XR	£1,765	85	3	Semi-Detached House
£175K	12/20	0.39 mi	45, Walton Avenue, Penwortham, Preston, Lancashire PR1 0XR	£1,882	93	3	Semi-Detached House
£215K	04/21	0.39 mi	6, Clovelly Drive, Penwortham, Preston, Lancashire PR1 0QX	£2,905	74	3	Semi-Detached House
£440K	11/21	0.39 mi	20, Highgate, Penwortham, Preston, Lancashire PR1 0HY	£2,767	159	3	Semi-Detached House
£250K	10/21	0.41 mi	80, Whitefield Road, Penwortham, Preston, Lancashire PR1 0QQ	£2,551	98	3	Semi-Detached House
£270K	09/21	0.41 mi	64, Whitefield Road, Penwortham, Preston, Lancashire PR1 0QQ	£2,967	91	3	Semi-Detached House
£180K	10/20	0.42 mi	11, Corncroft, Penwortham, Preston, Lancashire PR1 9YP	£3,462	52	3	Detached House
£230K	11/20	0.42 mi	26, Beechway, Penwortham, Preston, Lancashire PR1 0XS	£2,738	84	3	Detached House
£292.5K	02/23	0.42 mi	42, Beechway, Penwortham, Preston, Lancashire PR1 0XS	£3,287	89	3	Detached House
£190K	04/21	0.43 mi	45, Farfield, Penwortham, Preston, Lancashire PR1 9YQ	-	-	3	Detached House
£280K	10/22	0.43 mi	6, Farfield, Penwortham, Preston, Lancashire PR1 9YQ	£3,034	92	3	Detached House
£190K	11/21	0.43 mi	1, Hollywood Avenue, Penwortham, Preston, Lancashire PR1 9AS	£2,639	72	3	Semi-Detached House
£240K	06/23	0.43 mi	17, Hollywood Avenue, Penwortham, Preston, Lancashire PR1 9AS	£2,353	102	3	Semi-Detached House
£260K	11/22	0.43 mi	19, Farfield, Penwortham, Preston, Lancashire PR1 9YQ	-	-	3	Detached House
£240K	02/23	0.43 mi	15, Oaklands Drive, Penwortham, Preston, Lancashire PR1 0XY	£3,012	80	3	Semi-Detached House
£305K	02/23	0.43 mi	3, Almond Close, Penwortham, Preston, Lancashire PR1 0YQ	-	-	3	Detached House
£325K	11/22	0.44 mi	84, Manor Lane, Penwortham, Preston, Lancashire PR1 0QS	£3,037	107	3	Detached House
£362.5K	12/22	0.45 mi	140, Liverpool Road, Penwortham, Preston, Lancashire PR1 0QJ	£2,996	121	3	Semi-Detached House
£330K	12/22	0.45 mi	153, Liverpool Road, Penwortham, Preston, Lancashire PR1 0QH	-	-	3	Semi-Detached House
£200K	12/21	0.46 mi	43, Cromwell Road, Penwortham, Preston, Lancashire PR1 9AT	£2,703	74	3	Semi-Detached House
£243K	01/21	0.46 mi	16, Cromwell Road, Penwortham, Preston, Lancashire PR1 9AT	-	-	3	Semi-Detached House
£255K	05/21	0.46 mi	3, Manor Grove, Penwortham, Preston, Lancashire PR1 0QA	£3,063	83	3	Detached House
£185K	03/23	0.47 mi	14, Stanley Grove, Penwortham, Preston, Lancashire PR1 0JH	-	-	3	Semi-Detached House
£280K	11/20	0.47 mi	32, Monks Walk, Penwortham, Preston, Lancashire PR1 0AQ	£2,828	99	3	Semi-Detached House
£240K	11/20	0.47 mi	21, Lime Close, Penwortham, Preston, Lancashire PR1 0PL	£2,609	92	3	Detached House

Local Rents

49 rents from £520/mo to £1.5K/mo, average is £930/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	08/24	0.18 mi	Alcester Avenue, Penwortham	3	Semi-Detached House
£1,250	08/24	0.18 mi	Moorhey Drive, Penwortham, PR1	3	Semi-Detached House
£1,250	08/24	0.18 mi	Moorhey Drive, Penwortham, PR1	3	Semi-Detached House
£1,100	09/24	0.18 mi	Moorhey Drive, Penwortham, PR1	3	Semi-Detached House
£995	07/24	0.44 mi	Cedar Way, Penwortham	3	Bungalow
£895	07/24	0.6 mi	Croft Bank, Penwortham, PR1	3	Semi-Detached House
£1,100	07/24	0.61 mi	Broadgate, Preston, Lancashire, PR1	3	Semi-Detached House
£1,100	07/24	0.61 mi	Broadgate, Preston, Lancashire, PR1	3	Semi-Detached House
£900	07/24	0.66 mi	Dove Avenue, Penwortham, Preston	3	Terraced House
£925	07/24	0.67 mi	Fairhaven Road, Penwortham	3	Terraced House
£930	07/24	0.7 mi	-	3	Terraced House
£930	07/24	0.7 mi	Wolseley Road, Preston, PR1	3	Terraced House
£800	07/24	0.7 mi	Wolseley Road, Preston	3	Terraced House
£850	07/24	0.7 mi	Wolseley Road, Broadgate	3	Terraced House
£1,000	08/24	0.71 mi	-	3	Semi-Detached House
£1,000	08/24	0.71 mi	Hawkhurst Road, Penwortham, Preston, PR1	3	Semi-Detached House
£910	07/24	0.71 mi	Wolseley Road, Preston, PR1	3	Terraced House
£800	07/24	0.71 mi	Taylor Street, Broadgate	3	Terraced House
£520	08/24	0.71 mi	Taylor Street, Preston, Lancashire, PR1	3	Terraced House
£950	07/24	0.72 mi	Hawkhurst Road, Penwortham, Preston, PR1	3	Semi-Detached House
£900	08/24	0.73 mi	Connaught Road, Preston, PR1 8EX	3	Terraced House
£950	02/24	0.75 mi	-	3	Detached House
£1,000	03/25	0.75 mi	-	3	Detached House
£875	10/23	0.76 mi	Beech Street South, Preston	3	Terraced House
£900	07/24	0.79 mi	South Meadow Lane, Preston, PR1	3	Bungalow
£925	08/24	0.81 mi	Woodville Road West, Penwortham	3	Semi-Detached House
£995	10/23	0.82 mi	Pope Lane, Penwortham. PR1	3	House
£925	08/24	0.82 mi	Margaret Road, Penwortham, Preston, PR1	3	Semi-Detached House
£950	07/24	0.83 mi	-	3	Terraced House
£1,250	07/24	0.84 mi	Grafton Street, Preston FM	3	Terraced House
£895	06/24	0.85 mi	Grafton Street, Preston, Lancashire, PR1	3	Terraced House
£1,000	11/24	0.86 mi	-	3	Terraced House
£700	06/24	0.88 mi	Langton Street, Preston, Lancashire, PR1	3	Terraced House
£825	06/24	0.89 mi	-	3	Terraced House
£800	01/25	0.9 mi	-	3	Terraced House
£800	03/25	0.9 mi	-	3	Terraced House
£1,475	07/24	0.91 mi	The Sorting Office, 42 West Cliff, Preston	3	Flat
£1,150	07/24	0.91 mi	The Sorting Office, 42 West Cliff, Preston	3	Flat
£1,500	09/24	0.91 mi	The Sorting Office, 42 West Cliff, Preston	3	Flat
£995	06/24	0.93 mi	Northcote Road, Preston, Lancashire, PR1	3	Flat
£900	06/24	0.93 mi	Salisbury Road, Preston	3	Terraced House
£800	07/24	0.93 mi	-	3	Terraced House
£995	06/24	0.94 mi	Hall Road, Penwortham, PR1	3	Detached House
£975	06/24	0.95 mi	Victoria Quay, Ashton-on-Ribble, Preston, Lancashire, PR2	3	Flat
£925	07/24	0.96 mi	Talbot Road, Preston	3	Terraced House
£1,456	10/23	0.97 mi	Fishergate Hill Middle Floor, PRESTON, Lancashire PR1 8JD	3	Flat
£1,100	07/24	0.99 mi	Navigation Way, Ashton-on-ribble	3	Flat
£850	07/24	1.01 mi	Sycamore Drive, Penwortham, Preston, PR1	3	Semi-Detached House
£820	05/24	1.01 mi	-	3	Terraced House

Local Area Statistics

Population in PR1	72,06472,064
Population in Preston	286,036286,036
Town centre distance	2.18 miles away2.18 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.08 miles away1.08 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+3%+3%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £200,000

October 16, 2024

Floor Plans

Description

Semi Detached House in Cul de Sac Setting +
Excellent Corner Plot +
Needing Full Modernisation +
Partial Central Heating +
Wood Framed Double Glazed +
Private Aspects +
Lots of Driveway Parking +
Great Frontage +
Close To excellent Local Amenities +
Local Bus Routes +

A property needing full modernisation set in the heart of Higher Penwortham. A great opportunity to purchase a well priced home and make it your own. Being set at the head of a cul de sac and benefiting from a generous corner garden being school fields to one side and Hurst Grange Park to the other. There are three bedrooms, two reception rooms, kitchen, bathroom and separate WC. Partially central heated and wooden frame double glazing. Close to outstanding local schools, amenities and in close proximity to Penwortham's vibrant high street. Viewing is essential and strictly by appointment with Marie Holmes Estates. Offered with No Chain Delay

Agent Details

Marie Holmes Estates, Preston

01772 284719

Next Steps?

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

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