2 Bed Terraced House, Refurb/BRRR, Preston, PR1 8NP, £85,000

Kingswood Street, PRESTON, Lancashire, PR1 8NP - 4 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 10%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£70K - £183K
Sold Prices/m²£843/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£85,000

 

 

End Value (After Refurb)

£100,545

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Refurb Costs

£28,882

Bridging Loan Interest

£2,231

Total Cash In

£57,863

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£100,545

Mortgage (After Refinance)

£75,409

Mortgage LTV

75%

Cash Released

£11,659

Cash Left In

£46,205

Equity

£25,136

Rent Range

£700 - £2,185

Rent Estimate

£1,041

Running Costs/mo

£542

Cashflow/mo

£499

Cashflow/yr

£5,983

ROI

10%

Gross Yield

15%

Local Sold Prices

50 sold prices from £70K to £183K, average is £98K. £843/m² to £2.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£82K06/230 mi27, Kingswood Street, Preston, Lancashire PR1 8NP2
£85K03/230.12 mi16, Nelson Terrace, Preston, Lancashire PR1 8SQ2
£98K09/210.13 mi33, Talbot Road, Preston, Lancashire PR1 8NX2
£75K01/210.18 mi21, Langton Street, Preston, Lancashire PR1 8PY2
£115K04/230.31 mi2, Weston Street, Ashton On Ribble, Preston, Lancashire PR2 2QE2
£125K01/230.35 mi38, Grafton Street, Preston, Lancashire PR1 8JH2
£103.5K03/210.36 mi36, Beamont Drive, Preston, Lancashire PR1 8UN2
£123K01/210.36 mi5, Beamont Drive, Preston, Lancashire PR1 8UN2
£110K10/210.37 mi13, Colman Court, Preston, Lancashire PR1 8DL2
£90K10/210.38 mi35, St Marks Road, Preston, Lancashire PR1 8TL2
£92K12/200.4 mi15, Beech Terrace, Preston, Lancashire PR1 8DQ2
£79K01/210.41 mi17, Brixey Street, Preston, Lancashire PR1 8EB2
£85K10/210.43 mi119, Wellington Street, Preston, Lancashire PR1 8TS2
£75K04/230.43 mi111, Wellington Street, Preston, Lancashire PR1 8TS2
£70K06/230.43 mi15, Bird Street, Preston, Lancashire PR1 8DY2
£77K11/200.49 mi10, River Parade, Preston, Lancashire PR1 8EJ2
£100K03/210.49 mi15, Garden Street, Preston, Lancashire PR1 8BT2
£97K02/230.54 mi15, Meath Road, Preston, Lancashire PR1 8EP2
£96.5K03/230.55 mi5, Meath Road, Preston, Lancashire PR1 8EP2
£78K08/210.59 mi38, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£95K05/210.59 mi50, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£90K07/210.6 mi21, Bray Street, Ashton On Ribble, Preston, Lancashire PR2 2RP2
£98K02/210.61 mi1, Tulketh Crescent, Ashton On Ribble, Preston, Lancashire PR2 2RH2
£100K07/230.61 mi3, Cardigan Street, Ashton On Ribble, Preston, Lancashire PR2 2AS2
£102.5K02/210.62 mi32, Swansea Street, Ashton On Ribble, Preston, Lancashire PR2 1AS2
£183K12/220.65 mi27, South End, Preston, Lancashire PR1 8HA2
£98K02/230.65 mi48, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£98K05/230.66 mi26, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£90K11/200.66 mi35, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£80K03/210.67 mi7, Flett Street, Ashton On Ribble, Preston, Lancashire PR2 2RX2
£76K12/200.67 mi50, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£95K04/210.67 mi15, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£92.5K12/200.67 mi7, Brookhouse Street, Ashton On Ribble, Preston, Lancashire PR2 2AN2
£110K03/230.69 mi64, Inkerman Street, Ashton On Ribble, Preston, Lancashire PR2 2AQ2
£85K12/200.7 mi67, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£76K03/210.7 mi16, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£117K06/230.7 mi41, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£83K05/230.71 mi13, Nares Street, Ashton On Ribble, Preston, Lancashire PR2 2SS2
£110K01/230.74 mi42, Great Avenham Street, Preston, Lancashire PR1 3TD2
£108K09/210.74 mi85, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£118.5K03/230.74 mi35, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£115K11/200.74 mi27, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£105K11/200.74 mi37, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£116.5K12/200.74 mi83, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£92K03/230.74 mi8, Wolseley Place, Preston, Lancashire PR1 3XJ2
£135K06/230.75 mi107, Shelley Road, Ashton On Ribble, Preston, Lancashire PR2 2DA2
£158K03/230.75 mi37, Endeavour Close, Ashton On Ribble, Preston, Lancashire PR2 2YG2
£120K03/230.75 mi8, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DB2
£114K06/210.77 mi98, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2SY2
£123.5K07/230.78 mi57, Wellington Road, Ashton On Ribble, Preston, Lancashire PR2 1BU2

Local Rents

50 rents from £700/mo to £2.2K/mo, average is £984/mo.

RentDateDistanceAddressBeds 
£79511/240.13 mi-2
£80007/240.14 mi-2
£75008/240.17 miChrist Church Street, Preston2
£75008/240.17 miChrist Church Street, Preston2
£72506/240.18 miLangton Street, PRESTON PR1 8PY2
£75006/240.18 miLangton Street, Preston2
£95010/240.18 mi-2
£86707/240.18 mi-2
£86707/240.18 mi-2
£75007/240.18 miChrist Church Street, Preston, PR12
£87207/240.19 miChrist Church Street, Preston, Lancashire, PR12
£1,04006/240.19 miChristchurch Street-Flat 1, PRESTON PR1 8PH2
£82307/240.19 miChristchurch Street flat 2, PRESTON PR1 8PH2
£85008/240.19 mi-2
£85009/240.19 mi-2
£1,12708/240.22 mia Fishergate Hill, Preston2
£1,08306/240.23 miFlat 2 Preston PR1 8JE2
£1,08306/240.23 miFlat 1 Preston PR1 8JE2
£1,08306/240.23 mi Preston PR1 8JE2
£1,49503/250.24 mi-2
£1,39504/250.24 mi-2
£97106/240.25 miFishergate Hill Flat, PRESTON, Lancashire PR1 8JB2
£1,40007/240.25 miThe Old County Hotel, Fishergate Hill, Preston2
£1,00007/240.25 miWellfield Road, Preston, Lancashire, PR12
£99708/240.26 miFishergate Court, Flat 1, PRESTON, Lancashire PR1 8JB2
£1,04008/240.26 miFishergate Court, Flat 2, PRESTON, Lancashire PR1 8JB2
£99708/240.26 miFishergate Court, Flat 3, PRESTON, Lancashire PR1 8JB2
£1,10007/240.26 miFlat , Fishergate Court, Fishergate, Preston2
£90007/240.28 miStation Terrace, Waltons Parade2
£1,64506/240.28 mi-2
£2,18509/240.28 mi-2
£2,18504/250.28 mi-2
£1,10009/240.34 mi-2
£77002/240.35 mi-2
£75008/240.36 mi-2
£75004/250.36 mi-2
£85006/240.37 miWest Cliff, Preston2
£1,10006/240.37 miThe Sorting Office, 42 West Cliff, Preston, PR12
£79010/230.38 miKingfisher court, Beamont Drive, Preston2
£70006/240.38 miBeamont Drive, Preston, PR12
£75007/240.38 miBeamont Drive, Preston2
£75007/240.38 miKingfisher Court, Preston2
£75008/240.38 miKingfisher Court, Preston2
£1,00207/240.38 miSt. Marks Road, Preston, Lancashire, PR12
£1,17506/240.38 miBishopgate Gardens, Bishopgate, Preston2
£1,15006/240.38 miBishopgate Gardens, Bishopgate, Preston2
£1,25007/240.38 miBishopgate Gardens, Bishopgate, Preston2
£1,22507/240.38 miBishopgate Gardens, Bishopgate , Preston2
£1,15008/240.38 miBishopgate Gardens, Bishopgate , Preston2
£1,40006/240.38 miBishopgate Gardens, Bishopgate, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

1.18 miles away

Nearest school

0.50 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £85,000

October 22, 2024

Sold for £20,000

1998

Floor Plans

Description

  • Two bedroom mid terraced home +
  • Requiring some modernisation with no chain delay +
  • Easy access for Preston city centre & train station +
  • Vestibule, lounge, fitted kitchen +
  • Two bedrooms and bathroom +

Two bedroom mid terraced home situated within this excellent location for Preston city centre, train station and UCLan. No chain delay and viewing highly recommended. The property does require some modernisation and briefly comprises; vestibule, lounge, fitted kitchen, to the first floor, two bedrooms and bathroom. Double glazing, gas central heating system and yard to the rear.

Agent Details

Entwistle Green, Preston

01772 284722

Next Steps?

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