3 Bed Semi-Detached House, Refurb/BRRR, Preston, PR5 5JD, £150,000

Coote Lane, Lostock Hall , PR5 5JD - 6 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~75 m²
+4 photos

ValuationUndervalued

Sold Prices£93K - £259.9K
Sold Prices/m²£939/m² - £3.5K/m²

 

 

Square Metres

~75.18 m²
Price/m²£2K/m²

Value Estimate

£154,444
BMV3%

 

 

End Value (After Refurb)

£154,479

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£31,873

Bridging Loan Interest

£3,938

Total Cash In

£84,261

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£154,479

Mortgage (After Refinance)

£115,860

Mortgage LTV

75%

Cash Released

£3,360

Cash Left In

£80,901

Equity

£38,620

Rent Range

£695 - £1,500

Rent Estimate

£995

Running Costs/mo

£702

Cashflow/mo

£293

Cashflow/yr

£3,519

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £93K to £259.9K, average is £155K. £939/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£147.9K06/210 mi63, Coote Lane, Lostock Hall, Preston, Lancashire PR5 5JD3
£237.5K02/230.08 mi160, Fir Trees Avenue, Lostock Hall, Preston, Lancashire PR5 5SY3
£171.5K11/220.1 mi10, Great Meadow, Lostock Hall, Preston, Lancashire PR5 5EY3
£127.5K01/210.11 mi1, Harold Terrace, Lostock Hall, Preston, Lancashire PR5 5SE3
£125K12/200.11 mi21, Greenfield Drive, Lostock Hall, Preston, Lancashire PR5 5JL3
£152K09/210.11 mi43, Broadmeadow, Lostock Hall, Preston, Lancashire PR5 5SF3
£93K11/200.12 mi434, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5RY3
£106K04/210.15 mi475, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SD3
£150K01/210.16 mi1, Jubilee Road, Lostock Hall, Preston, Lancashire PR5 5RR3
£124K06/230.17 mi2, Hoghton Street, Lostock Hall, Preston, Lancashire PR5 5RQ3
£185K11/220.18 mi14, Fir Trees Crescent, Lostock Hall, Preston, Lancashire PR5 5SL3
£155K10/210.19 mi87, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SQ3
£152.5K03/210.2 mi435, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SB3
£205K04/210.21 mi7, Blake Avenue, Lostock Hall, Preston, Lancashire PR5 5LY3
£150K03/210.23 mi23b, Victoria Street, Lostock Hall, Preston, Lancashire PR5 5RA3
£163K04/230.23 mi35, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SQ3
£151K12/220.23 mi81, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SQ3
£129.9K10/210.24 mi66, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SR3
£136.5K11/200.24 mi68, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SR3
£175K08/230.24 mi52, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SR3
£177.5K05/230.24 mi20, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SR3
£223K11/200.25 mi31, Wellfield Road, Lostock Hall, Preston, Lancashire PR5 5LQ3
£215K06/210.26 mi6, North Union View, Lostock Hall, Preston, Lancashire PR5 5RF3
£150.1K05/210.27 mi383, Leyland Road, Penwortham, Preston, Lancashire PR1 9SS3
£193K09/230.27 mi3, School Lane, Lostock Hall, Preston, Lancashire PR5 5JS3
£147.5K03/210.27 mi4, School Lane, Lostock Hall, Preston, Lancashire PR5 5JS3
£147.5K06/230.28 mi43, Lourdes Avenue, Lostock Hall, Preston, Lancashire PR5 5TB3
£175K11/210.29 mi3, Werneth Close, Penwortham, Preston, Lancashire PR1 9TS3
£106K11/210.31 mi32, Avondale Drive, Lostock Hall, Preston, Lancashire PR5 5BQ3
£188K08/210.31 mi22, Morland Avenue, Lostock Hall, Preston, Lancashire PR5 5LU3
£185K01/210.31 mi5, Morland Avenue, Lostock Hall, Preston, Lancashire PR5 5LU3
£144K06/230.32 mi2, Marina Close, Lostock Hall, Preston, Lancashire PR5 5ST3
£240K11/220.34 mi22, Lowry Close, Lostock Hall, Preston, Lancashire PR5 5ND3
£165K04/210.34 mi61, Wateringpool Lane, Lostock Hall, Preston, Lancashire PR5 5AN3
£162K06/210.35 mi86, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TL3
£163K04/210.35 mi62, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TL3
£259.9K04/210.36 mi1, Turner Avenue, Lostock Hall, Preston, Lancashire PR5 5LW3
£155K12/220.38 mi8, Fern Close, Lostock Hall, Preston, Lancashire PR5 5BU3
£250K12/220.38 mi35, St Pauls Close, Farington Moss, Leyland, Lancashire PR26 6RT3
£195K04/230.4 mi2, Linden Close, Lostock Hall, Preston, Lancashire PR5 5BS3
£160K05/230.4 mi5, Ampleforth Drive, Lostock Hall, Preston, Lancashire PR5 5TD3
£161.8K03/230.4 mi308, Leyland Road, Penwortham, Preston, Lancashire PR1 9SU3
£135K07/210.41 mi63, Lostock View, Lostock Hall, Preston, Lancashire PR5 5LS3
£177K09/230.41 mi77, Lostock View, Lostock Hall, Preston, Lancashire PR5 5LS3
£162.9K11/200.42 mi4, Mossfield Close, Lostock Hall, Preston, Lancashire PR5 5AG3
£125K05/230.42 mi3, Mossfield Close, Lostock Hall, Preston, Lancashire PR5 5AG3
£128K01/230.43 mi20, Ward Street, Lostock Hall, Preston, Lancashire PR5 5HR3
£135K05/210.48 mi125, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA3
£135K05/210.48 mi125, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA3
£128K11/200.48 mi45, Alpine Avenue, Lostock Hall, Preston, Lancashire PR5 5LG3

Local Rents

21 rents from £695/mo to £1.5K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£77512/240.18 miWatkin Lane, Lostock Hall, Preston3
£69502/240.2 mi-3
£1,20009/240.26 mi-3
£1,20012/240.3 miMorland Avenue, Lostock Hall, Preston3
£79502/240.37 mi-3
£1,00008/240.4 miLeyland Road, Penwortham3
£75006/240.42 mi-3
£1,10003/250.48 mi-3
£1,20007/240.66 miRookery Drive, Penwortham, Preston3
£95008/240.66 miGreaves Meadow, Penwortham, Preston3
£1,25006/240.69 miElmtree Avenue, Penwortham, Preston3
£1,50012/240.79 miTodd Lane North, Lostock Hall3
£99507/240.83 miGiller Close, Penwortham, Preston, Lancashire, PR13
£1,25003/250.88 mi-3
£85007/240.95 miSycamore Drive, Penwortham, Preston, PR13
£99506/241.08 miHall Road, Penwortham, PR13
£89507/241.1 miCloughfield, Penwortham, Preston3
£89507/241.11 miWoodburn Grove, Penwortham3
£85006/241.12 miKilngate, Lostock Hall, Preston3
£1,00012/241.16 miBrampton Drive, Bamber Bridge3
£1,10006/241.21 miGarforth Crescent,Bamber Bridge,PR5 6SS ***PETS WELCOME***3

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.98 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £150,000

October 25, 2024

Floor Plans

Description

  • 3 Bed Semi Detached +
  • Offered With No Chain +
  • In Need of Renovation +
  • Living Room +
  • Kitchen Diner +
  • Shower Room +
  • Front and Rear Gardens +
  • Driveway and Garage +

This three-bedroom semi-detached house presents a fantastic opportunity for those looking to renovate and personalize a home to their exact specifications. The ground floor boasts a spacious kitchen, perfect for meal preparation and family gatherings, as well as a cozy living room, complete with a practical under-stairs storage cupboard-ideal for keeping household items neatly tucked away. To the rear of the property, you'll find a generously sized garden that offers ample space for outdoor activities, gardening, or potential landscaping enhancements.

On the first floor, there are three well-proportioned bedrooms, offering plenty of space for family members or guests, alongside a shower room for added convenience.

Outside, the property benefits from a private driveway with enough space to accommodate two cars, providing hassle-free parking. Additionally, the attached garage offers valuable storage space or the potential for conversion into a home office, gym, or an extra living area, depending on your needs.

With no onward chain, the purchase process is expected to be quicker and more straightforward. The property is also situated in a prime location, with excellent public transport links nearby, ensuring easy access to surrounding areas. Local amenities, including shops, schools, parks, and other essential services, are within close proximity, making this home ideal for families and commuters alike.

This property offers tremendous potential to become a comfortable and stylish family home, ready to be transformed into your dream space. 

LOCAL INFORMATION LOSTOCK HALL is a suburban village within the South Ribble borough of Lancashire. It is located on the south side of the Ribble River, some 3 miles south of Preston and 2.5 miles north of Leyland. Within easy reach of local amenities, supermarkets, schools and all major motorway links. 

PORCH  

LIVING ROOM 16' 10" x 10' 10" (5.13m x 3.3m)  

KITCHEN 9' x 12' 4" (2.74m x 3.76m)  

LANDING  

BEDROOM ONE 9' 10" x 12' 9" (3m x 3.89m)  

BEDROOM TWO 9' 4" x 10' 7" (2.84m x 3.23m)  

BEDROOM THREE 7' 2" x 7' 6" (2.18m x 2.29m)  

SHOWER ROOM 6' 8" x 7' 9" (2.03m x 2.36m)  

OUTSIDE  

GARAGE 7' 6" x 17' (2.29m x 5.18m)  

We are informed this property is Council Tax Band B
For further information please check the Government Website

Whilst we believe the data within these statements to be accurate, any person(s) intending to place an offer and/or purchase the property should satisfy themselves by inspection in person or by a third party as to the validity and accuracy.

Please call to arrange a viewing on this property now. Our office hours are 9am-5pm Monday to Friday and 9am-4pm Saturday.

Agent Details

Roberts & Co Estate Agents, Preston & South Ribble

01772 963610

Next Steps?

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