3 Bed Terraced House, Single Let, Preston, PR1 5YP, £85,500

Tunbridge Street, Preston, PR1 5YP - 4 views - 6 months ago

Under Offer
BTL
ROI: 10%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£59K - £280K
Sold Prices/m²£728/m² - £2.4K/m²

 

 

Square Metres

~93 m²
Price/m²£919/m²

Value Estimate

£106,875
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,375

Stamp Duty & Legal Fees

£5,475

Total Cash In

£26,850

 

 

Cash Out

 

Rent Range

£694 - £2,520

Rent Estimate

£650

Running Costs/mo

£417

Cashflow/mo

£233

Cashflow/yr

£2,794

ROI

10%

Gross Yield

9%

Local Sold Prices

50 sold prices from £59K to £280K, average is £103K. £728/m² to £2.4K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£62K12/200.02 mi20, Calverley Street, Preston, Lancashire PR1 5YN3
£66K01/210.06 mi7, Tunbridge Place, Preston, Lancashire PR1 5YQ3
£95K08/210.07 mi21, Oxley Road, Preston, Lancashire PR1 5QH3
£59K06/230.07 mi13, Samuel Street, Preston, Lancashire PR1 4YD3
£110K04/230.14 mi5, Denville Road, Preston, Lancashire PR1 5XU3
£80K04/210.15 mi2, Grimsargh Street, Preston, Lancashire PR1 5QR3
£140K08/210.16 mi77, Harling Road, Preston, Lancashire PR1 5YR3
£89K12/200.17 mi2, Braddon Street, Preston, Lancashire PR1 4TP3
£92.5K07/230.19 mi34, Nimes Street, Preston, Lancashire PR1 4SH3
£73K12/200.22 mi44, Skeffington Road, Preston, Lancashire PR1 5UQ3
£68K01/210.26 mi29, Crompton Street, Preston, Lancashire PR1 5RT3
£80K05/230.26 mi21, Fishwick View, Preston, Lancashire PR1 4YA3
£93.5K08/210.27 mi160, Miller Road, Preston, Lancashire PR1 5QS3
£135K02/230.29 mi6, Walton View, Preston, Lancashire PR1 4QU3
£75K02/210.29 mi5, Ansdell Street, Preston, Lancashire PR1 5ES3
£98.5K05/230.29 mi54, Pinfold Street, Preston, Lancashire PR1 4RT3
£88K04/210.32 mi62, Raikes Road, Preston, Lancashire PR1 5ER3
£90K04/210.33 mi8, Raikes Road, Preston, Lancashire PR1 5EQ3
£93.5K06/230.36 mi23, Rydal Road, Preston, Lancashire PR1 5SL3
£79K05/210.37 mi50, Dodgson Road, Preston, Lancashire PR1 5HL3
£110K05/230.37 mi52, Dodgson Road, Preston, Lancashire PR1 5HL3
£148K05/230.38 mi44, Blackpool Road, Ribbleton, Preston, Lancashire PR2 6NU3
£90K11/210.38 mi18, Illingworth Road, Preston, Lancashire PR1 4TU3
£77K02/230.39 mi6, Stefano Road, Preston, Lancashire PR1 5PL3
£127.5K05/210.4 mi15, Bidston Street, Preston, Lancashire PR1 4RP3
£107.5K02/230.4 mi35, Chester Road, Preston, Lancashire PR1 5HR3
£130K03/230.43 mi18, Hesketh Road, Ribbleton, Preston, Lancashire PR2 6NS3
£129K02/210.43 mi17, Hesketh Road, Ribbleton, Preston, Lancashire PR2 6NS3
£205K04/230.45 mi55, Blackpool Road, Ribbleton, Preston, Lancashire PR2 6BX3
£90K07/210.46 mi36, Lutwidge Avenue, Preston, Lancashire PR1 5HS3
£77K12/200.47 mi27, St Chads Road, Preston, Lancashire PR1 5HT3
£110K06/210.47 mi91, Ribbleton Avenue, Ribbleton, Preston, Lancashire PR2 6DA3
£115K03/210.5 mi39, Basil Street, Preston, Lancashire PR1 6XS3
£90K03/210.57 mi26, Rufus Street, Preston, Lancashire PR1 6XX3
£145K01/230.61 mi42, Belmont Avenue, Ribbleton, Preston, Lancashire PR2 6DH3
£137K04/230.62 mi36, Lincoln Street, Preston, Lancashire PR1 6RE3
£165K05/210.62 mi22, Gaythorne Avenue, Preston, Lancashire PR1 5TA3
£280K01/230.62 mi16, Woodlands Avenue, Ribbleton, Preston, Lancashire PR2 6DT3
£114.5K03/210.63 mi28, Woodlands Avenue, Ribbleton, Preston, Lancashire PR2 6DT3
£130K01/230.64 mi19, Ringwood Road, Preston, Lancashire PR1 6XP3
£125K06/210.66 mi3, Cairnsmore Avenue, Preston, Lancashire PR1 4UN3
£85K04/230.66 mi22, Linnet Street, Preston, Lancashire PR1 6TL3
£120K12/220.67 mi15, Cairnsmore Avenue, Preston, Lancashire PR1 4UN3
£120K05/210.68 mi26, Deepdale Road, Preston, Lancashire PR1 5AQ3
£165K01/230.7 mi28, Glenluce Drive, Preston, Lancashire PR1 5TB3
£92K03/230.7 mi22, George Street, Preston, Lancashire PR1 4JP3
£162K04/230.72 mi1, Clifton Grove, Preston, Lancashire PR1 6YJ3
£95K12/200.72 mi53, Lark Hill Street, Preston, Lancashire PR1 4JJ3
£115K08/210.73 mi52, Brixton Road, Preston, Lancashire PR1 4NR3
£140K02/230.74 mi49, Ronaldsway, Preston, Lancashire PR1 6EP3

Local Rents

26 rents from £694/mo to £2.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£69408/240.02 mi-3
£80010/240.06 mi-3
£85008/240.13 miAcregate Lane, Preston3
£1,30008/240.15 mi-3
£1,30008/240.15 mi-3
£2,38006/240.18 mi-3
£2,52004/250.18 mi-3
£70008/240.21 miSkeffington Road, Preston, PR13
£99801/250.21 mi-3
£95003/250.21 mi-3
£75002/240.31 mi-3
£75002/240.31 mi-3
£1,10004/250.31 mi-3
£80002/250.32 mi-3
£72508/240.33 mi-3
£85008/240.38 miCavendish Road, Preston, PR13
£80010/240.38 mi-3
£1,10012/240.41 mi-3
£1,15009/240.41 mi-3
£80003/250.41 mi-3
£80004/250.43 mi-3
£85012/240.53 mi-3
£85012/240.53 miMimosa Road, Ribbleton, Preston, PR23
£80009/240.59 mi-3
£80010/240.6 mi-3
£1,00011/240.62 mi-3

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.73 miles away

Nearest school

0.10 miles away

Nearest train station

1.50 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 £85,500

March 16, 2025

Listed for £87,500

October 30, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious Lounge +
  • Modern Kitchen +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 3 Bedroom Mid Terrace House located in Preston. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 3 bedrooms, a modern kitchen and a spacious lounge.

Investment details

It currently produces an annual gross income of £7800 which could be increased by the new owner to a market rate of £9168 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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