2 Bed Terraced House, Refurb/BRRR, Preston, PR5 5HJ, £90,000

212G CHARACTER MID TERRACED HOUSE, 2 Lostock Square, Lostock Hall, Preston, PR5 5HJ - 3 views - 5 months ago

Sold STC
Cash
Refurb/BRRR
ROI: 3%
~68 m²
+13 photos

ValuationFair Value

Sold Prices£70K - £225K
Sold Prices/m²£1.1K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£91,800

 

 

End Value (After Refurb)

£139,954

Uplift in Value

+56%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£28,876

Bridging Loan Interest

£2,363

Total Cash In

£59,389

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£139,954

Agent Fees (1%)

£1,400

Bridging Loan

£67,500

Bridging Loan Interest

£2,363

Flip Profit

£11,666

Local Sold Prices

50 sold prices from £70K to £225K, average is £133.2K. £1.1K/m² to £4.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£120K07/210.01 mi9, Lostock Square, Lostock Hall, Preston, Lancashire PR5 5HJ2
£105K01/210.05 mi37, Fairfield Street, Lostock Hall, Preston, Lancashire PR5 5HX2
£85K10/230.06 mi81, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA2
£112.5K01/230.07 mi14, Fairfield Street, Lostock Hall, Preston, Lancashire PR5 5HX2
£161K10/210.09 mi10, Lords Avenue, Lostock Hall, Preston, Lancashire PR5 5HH2
£115K03/210.09 mi12, Lords Avenue, Lostock Hall, Preston, Lancashire PR5 5HH2
£128K05/210.12 mi15, Lostock View, Lostock Hall, Preston, Lancashire PR5 5HL2
£125K12/220.14 mi16, Garden Street, Lostock Hall, Preston, Lancashire PR5 5HP2
£133.4K07/210.15 mi1, Garden Street, Lostock Hall, Preston, Lancashire PR5 5HP2
£114.5K11/200.18 mi13, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE2
£118K11/200.21 mi65, Lostock View, Lostock Hall, Preston, Lancashire PR5 5LS2
£160K03/230.24 mi38, Moss Lane, Lostock Hall, Preston, Lancashire PR5 5BT2
£156K03/230.24 mi29, Victoria Street, Lostock Hall, Preston, Lancashire PR5 5RA2
£155.3K07/230.28 mi25, Moss Bridge Park, Lostock Hall, Preston, Lancashire PR5 5LZ2
£150K10/200.28 mi16, Moss Bridge Park, Lostock Hall, Preston, Lancashire PR5 5LZ2
£105K04/210.3 mi12, Sephton Street, Lostock Hall, Preston, Lancashire PR5 5RP2
£129.5K03/210.33 mi17, Avondale Drive, Lostock Hall, Preston, Lancashire PR5 5BQ2
£220K07/230.34 mi6, Bridge End, Lostock Hall, Preston, Lancashire PR5 5YH2
£105K01/210.36 mi5, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£133K05/230.36 mi21, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£105K01/210.36 mi5, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£172K09/230.37 mi30, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AD2
£215K06/230.39 mi6, Breeze Mount, Lostock Hall, Preston, Lancashire PR5 5YR2
£214K01/230.39 mi2, Breeze Mount, Lostock Hall, Preston, Lancashire PR5 5YR2
£189.9K05/210.41 mi15, River Heights, Lostock Hall, Preston, Lancashire PR5 5YS2
£142K11/210.43 mi41, Rushy Hey, Lostock Hall, Preston, Lancashire PR5 5JP2
£125K03/230.44 mi1, East View, Lostock Hall, Preston, Lancashire PR5 5JT2
£142.5K06/230.46 mi39, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£129.8K03/210.46 mi3, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£166.5K04/230.46 mi48, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£225K06/230.46 mi31, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£70K12/200.47 mi8, The Pickerings, Lostock Hall, Preston, Lancashire PR5 5UZ2
£165K12/220.47 mi8, Linden Drive, Lostock Hall, Preston, Lancashire PR5 5AT2
£92K12/220.48 mi487, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SD2
£146K06/210.48 mi14, Tudor Croft, Lostock Hall, Preston, Lancashire PR5 5BF2
£115K04/210.48 mi11, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£150K06/230.48 mi17, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£130K05/210.48 mi8, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£170K04/230.52 mi22, Camwood Drive, Lostock Hall, Preston, Lancashire PR5 5AU2
£145K11/210.53 mi18, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX2
£135K05/210.53 mi30, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX2
£127K05/210.54 mi42, St Gerrards Road, Lostock Hall, Preston, Lancashire PR5 5TS2
£93K02/210.55 mi420, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SA2
£98.5K12/200.55 mi414, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SA2
£102K01/210.55 mi416, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SA2
£138.5K12/220.55 mi40, St Gerrards Road, Lostock Hall, Preston, Lancashire PR5 5TS2
£130K01/210.55 mi11, Broadmeadow, Lostock Hall, Preston, Lancashire PR5 5SF2
£135K03/230.56 mi33, Broadmeadow, Lostock Hall, Preston, Lancashire PR5 5SF2
£150K08/230.56 mi35, Broadmeadow, Lostock Hall, Preston, Lancashire PR5 5SF2
£159.9K02/230.58 mi116, Fir Trees Avenue, Lostock Hall, Preston, Lancashire PR5 5SJ2

Local Rents

10 rents from £650/mo to £895/mo, average is £785/mo.

RentDateDistanceAddressBeds 
£89512/240.04 mi-2
£79502/250.04 mi-2
£87507/240.05 mi-2
£87503/250.05 mi-2
£75006/240.07 miKing Street, Lostock Hall2
£65005/240.31 mi-2
£85006/240.34 miBridge End, PR52
£70002/240.35 mi-2
£67502/240.44 mi-2
£77512/240.54 miSt Gerrards Road, Lostock Hall2

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

3.26 miles away

Nearest school

0.50 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £90,000

October 24, 2024

Floor Plans

Description

  • Terraced cottage +
  • In need of full modernisation and renovation +
  • Lounge +
  • Dining Room +
  • Two bedrooms +
  • EPC rating G +
  • Freehold +
  • Council tax band A +

CHARACTER MID TERRACED HOUSE situated in a popular and convenient position close to all amenities and within easy travelling distance of the motorway network. In need of FULL RENOVATION, the accommodation comprises a lounge, dining room, kitchen and, on the first floor, two bedrooms and the bathroom. Realistically priced - Cash Buyers only Viewing recommended.
Freehold. Council tax band A. EPC rating G.

Ground Floor -

Lounge - 4.081m x 3.908m (13'4" x 12'9") - Window and door to front, electric fire, opening to the dining room. Stairs to the first floor.

Dining Room - 3.922m x 3.212m (12'10" x 10'6") - Window to rear, electric fire, opening to the kitchen.

Kitchen - 2.176m x 1.996m (7'1" x 6'6") - Base cupboards and drawers. Worktop with stainless steel sink. Space for a washing machine. Space for a cooker. Door to side. Window to rear.

First Floor -

Landing - Doors to the two bedrooms and the bathroom.

Bedroom One - 4.102m x 3.893m (13'5" x 12'9") - Window to front. Cast iron fireplace.

Bedroom Two - 3.219m x 2.069m (10'6" x 6'9") - Window to rear.

Bathroom - 2.173m x 1.980m (7'1" x 6'5") - Window to rear. WC. Bath. Hand basin. Storage cupboard.

External - Garden area to front. Yard to the rear.

Property Misdescriptons 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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