3 Bed Detached House, Refurb/BRRR, Preston, PR2 8PD, £220,000

Higher Bank Road, Fulwood, Preston, PR2 8PD - 12 views - 6 months ago

Refurb/BRRR
ROI: 7%
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£70K - £335K
Sold Prices/m²£913/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£147,481

 

 

End Value (After Refurb)

£200,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£39,357

Bridging Loan Interest

£5,775

Total Cash In

£109,682

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,000

Mortgage (After Refinance)

£150,000

Mortgage LTV

75%

Cash Left In

£109,682

Equity

£50,000

Rent Range

£695 - £13,650

Rent Estimate

£1,632

Running Costs/mo

£971

Cashflow/mo

£661

Cashflow/yr

£7,927

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £70K to £335K, average is £139.7K. £913/m² to £2.7K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£260K09/210.08 mi22, Higher Bank Road, Fulwood, Preston, Lancashire PR2 8PD3
£293K04/230.1 mi27, Victoria Road, Fulwood, Preston, Lancashire PR2 8NE3
£258K08/210.15 mi27, Watling Street Road, Fulwood, Preston, Lancashire PR2 8EA3
£160K03/210.22 mi42, Symonds Road, Fulwood, Preston, Lancashire PR2 3DH3
£250K11/210.24 mi4, Highgate Close, Fulwood, Preston, Lancashire PR2 8LP3
£148K05/230.25 mi6, Balfour Road, Fulwood, Preston, Lancashire PR2 3BX3
£155K01/230.29 mi17, Hardcastle Road, Fulwood, Preston, Lancashire PR2 3DP3
£140K02/210.31 mi26, Brackenbury Road, Preston, Lancashire PR1 7UP3
£225K01/210.31 mi30, Lytham Road, Fulwood, Preston, Lancashire PR2 8JH3
£135K03/210.32 mi30, Houldsworth Road, Fulwood, Preston, Lancashire PR2 3DQ3
£115K03/210.32 mi95, Symonds Road, Fulwood, Preston, Lancashire PR2 3DJ3
£325K07/210.32 mi86, Higher Bank Road, Fulwood, Preston, Lancashire PR2 8PH3
£291K01/210.33 mi92, Victoria Road, Fulwood, Preston, Lancashire PR2 8NN3
£200K07/210.33 mi209, Garstang Road, Fulwood, Preston, Lancashire PR2 8JP3
£95K05/210.33 mi96, Queens Road, Fulwood, Preston, Lancashire PR2 3BQ3
£145K06/230.35 mi9, Blundell Road, Fulwood, Preston, Lancashire PR2 3DR3
£165K04/230.35 mi15, Blundell Road, Fulwood, Preston, Lancashire PR2 3DR3
£121K03/210.37 mi60, Ainslie Road, Fulwood, Preston, Lancashire PR2 3DE3
£112K06/230.38 mi31, Moor Hall Street, Preston, Lancashire PR1 7XL3
£98.8K07/210.38 mi92, St Thomas Road, Preston, Lancashire PR1 6AX3
£125K01/210.39 mi30, College Court, Preston, Lancashire PR1 7RN3
£151K04/230.4 mi23, College Court, Preston, Lancashire PR1 7RU3
£95K04/210.4 mi148, Plungington Road, Preston, Lancashire PR1 7UD3
£180K03/230.41 mi116, Queens Road, Fulwood, Preston, Lancashire PR2 3BD3
£117K08/210.41 mi15, Sedberg Street, Fulwood, Preston, Lancashire PR2 3BP3
£117K06/210.41 mi8, Boundary Road, Fulwood, Preston, Lancashire PR2 3DS3
£112K10/210.42 mi6, Boundary Road, Fulwood, Preston, Lancashire PR2 3DS3
£77.6K05/210.42 mi51, Wildman Street, Preston, Lancashire PR1 7QJ3
£335K06/210.43 mi7, The Chines, Fulwood, Preston, Lancashire PR2 8LD3
£77.5K04/210.43 mi16, Lawrence Street, Fulwood, Preston, Lancashire PR2 3DT3
£136K08/230.43 mi4, Lawrence Street, Fulwood, Preston, Lancashire PR2 3DT3
£102K01/230.44 mi102, Lovat Road, Preston, Lancashire PR1 6DQ3
£100K05/230.44 mi153, Norris Street, Fulwood, Preston, Lancashire PR2 3DU3
£157K04/210.44 mi3b, Sharoe Green Lane, Fulwood, Preston, Lancashire PR2 8EB3
£81K07/210.45 mi104, Norris Street, Preston, Lancashire PR1 7QA3
£120K11/210.45 mi79, Norris Street, Preston, Lancashire PR1 7QA3
£155K12/200.46 mi17, Black Bull Lane, Fulwood, Preston, Lancashire PR2 3PT3
£70K04/210.46 mi48, Albert Road, Preston, Lancashire PR1 6DE3
£127K08/230.46 mi189, Norris Street, Fulwood, Preston, Lancashire PR2 3AT3
£320K12/210.47 mi21, Chapman Road, Fulwood, Preston, Lancashire PR2 8NX3
£119K03/230.47 mi10, Muncaster Road, Preston, Lancashire PR1 6BQ3
£230K09/210.47 mi11, Aubigny Drive, Fulwood, Preston, Lancashire PR2 3QL3
£242K07/230.47 mi7, Aubigny Drive, Fulwood, Preston, Lancashire PR2 3QL3
£129.5K03/230.48 mi464, Brook Street, Fulwood, Preston, Lancashire PR2 3AJ3
£139.4K05/230.49 mi7, Harland Street, Fulwood, Preston, Lancashire PR2 3QB3
£194K08/210.5 mi24, Eastgate, Fulwood, Preston, Lancashire PR2 3HS3
£125K08/230.5 mi58, Sharoe Green Lane, Fulwood, Preston, Lancashire PR2 8EE3
£194.5K06/210.5 mi87, Lytham Road, Fulwood, Preston, Lancashire PR2 3AR3
£130K09/230.5 mi75, Lytham Road, Fulwood, Preston, Lancashire PR2 3AR3
£210K03/210.51 mi1, Croftgate, Fulwood, Preston, Lancashire PR2 8LS3

Local Rents

50 rents from £695/mo to £13.7K/mo, average is £965/mo.

RentDateDistanceAddressBeds 
£1,10007/240.16 mi-3
£99512/240.16 mi-3
£90007/240.23 miWove Court, Preston3
£1,10006/240.23 mi34 Wove Court, Garstang Road, Preston3
£1,10007/240.23 mi34 Wove Court, Garstang Road, Preston3
£1,10007/240.23 miWove Court, Garstang Road, Preston, PR13
£1,49507/240.24 mib Blackpool Road, Fulwood, Preston3
£1,50507/240.24 miBlackpool Road, Preston, Lancashire, PR23
£79506/240.25 miBalfour Road, Fulwood, Preston3
£95006/240.28 mi15a Trafford Street, Preston3
£69510/230.29 miTrafford Street,Preston,PR13
£90007/240.29 miHardcastle Road, Preston, PR23
£13,65007/240.31 miBrackenbury Road, PRESTON, Lancashire PR1 7UP3
£75007/240.31 miBrackenbury Road,Preston,PR13
£95007/240.31 miJemmett Street, PRESTON, Lancashire PR1 7XJ3
£1,10001/250.33 mi-3
£1,00009/240.34 mi5-7 Moor Park Avenue, Preston, PR13
£1,00006/240.34 mi5-7 Moor Park Avenue, Preston, PR13
£1,30007/240.34 miOtway Street, Preston Flat 13
£1,30007/240.34 miOtway Street, Preston Flat 23
£90007/240.34 mi44 Trafford Street-FM, PRESTON PR1 7XX3
£1,30806/240.35 miOtway Street, Preston, Lancashire, PR13
£1,18307/240.35 miEldon Street, PRESTON, Lancashire PR1 7XS3
£90007/240.35 miHenderson Street, PRESTON, PR1 7XQ3
£91001/250.36 mi-3
£85007/240.37 miMoor Hall Street, Preston3
£98003/250.37 mi-3
£98002/240.37 mi-3
£1,76807/240.38 miElliott Street, Preston, Lancashire, PR13
£1,63207/240.38 miLowndes Street, Preston, Lancashire, PR13
£1,20009/240.38 miSt Thomas Road, Preston3
£1,65007/240.39 miLowndes Street, Preston, PR13
£75006/240.39 miDerby Road, Fulwood, Preston, PR2 8JJ3
£99504/250.4 mi-3
£1,07007/240.4 mi82 Ripon Street-FM, PRESTON PR1 7UJ3
£85007/240.41 miLovat Road, Preston, PR13
£85006/240.41 mi-3
£85007/240.41 mi-3
£77512/240.41 miSedberg Street, Fulwood, Preston3
£72506/240.42 miLovat Road, Preston3
£77507/240.42 miEmmanuel Street, Preston3
£92504/250.43 mi-3
£1,37407/240.44 miLovat Road, Preston, Lancashire, PR13
£75007/240.44 miLovat Road, Preston, PR13
£80001/250.44 mi-3
£80006/240.44 mi-3
£80006/240.44 miEmmanuel Street, Preston, PR13
£1,17007/240.44 miPlungington Road Preston PR1 7UE3
£87007/240.44 miPlungington Road, PRESTON PR1 7UE3
£75007/240.44 miNorris Street, Fulwood3

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

0.80 miles away

Nearest school

0.20 miles away

Nearest train station

1.38 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £220,000

November 1, 2024

Floor Plans

Description

  • ** VIRTUAL VIEWING AVAILABLE CLICK ON THE VIDEO TOUR ABOVE** +
  • Individual Three Bedroom Detached House +
  • Good Sized Through Lounge, Utility Room & Store Room +
  • Kitchen Opening Into Conservatory, En Suite To Master Bedroom +
  • Sought After Location, Modernisation Required, Great Potential +

Situated in a keenly sought after residential location, this individual detached house offers well proportioned family sized accommodation with enclosed low maintenance rear garden. Requiring modernisation and redecoration, there is great potential and internal inspection comes highly recommended by those looking to put their own stamp on a property to make a lovely home.

Comprises: Hallway with separate WC, good sized through lounge, kitchen open plan to a conservatory, utility room and store.

To the first floor, there are three bedrooms with en-suite bathroom to the master and a separate three piece shower room. Well placed for local amenities.

NB. Please note the garage that is integral to the property is not owned by the vendor and does not form part of the sale.

Council Tax Information: Band D

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Preston & Central Lancashire

01772 963630

Next Steps?

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