2 Bed Flat, Single Let, Preston, PR1 6PD, £78,000

4 Herbert Street, Preston, Lancashire, PR1 6PD - 5 views - 5 months ago

Leasehold
BTL
ROI: 13%
72 m²
+5 photos

ValuationUndervalued

Sold Prices£23.5K - £160K
Sold Prices/m²£458/m² - £2.3K/m²

 

 

Square Metres

71.53 m²
Price/m²£1.1K/m²

Value Estimate

£97,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£19,500

Stamp Duty & Legal Fees

£3,540

Total Cash In

£23,040

 

 

Cash Out

 

Rent Range

£600 - £1,500

Rent Estimate

£647

Running Costs/mo

£393

Cashflow/mo

£254

Cashflow/yr

£3,046

ROI

13%

Gross Yield

10%

Local Sold Prices

50 sold prices from £23.5K to £160K, average is £81.5K. £458/m² to £2.3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£67K12/220.39 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£44.5K10/200.39 miApartment 58, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.39 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£65K04/210.4 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£60K04/210.42 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£80K09/210.48 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£81K12/220.54 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£82K05/230.55 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.55 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.55 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£79.5K04/210.57 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£50K07/230.74 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.74 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£78K03/230.95 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£52.5K04/211.04 miFlat 21, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£59.4K10/201.04 miFlat 14, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£61.5K12/221.04 miFlat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£80K06/211.13 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£130K06/231.17 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£97K01/231.18 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£105K01/231.22 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£83K10/211.28 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£86K03/231.28 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.28 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.28 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£75K11/201.32 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£92K05/211.35 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£85K12/221.35 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£160K01/211.45 mi3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£115K04/211.46 mi75, Neapsands Close, Fulwood, Preston, Lancashire PR2 9AQ2
£50K10/211.57 miFlat 4, Birchall Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£23.5K02/211.57 miFlat 2, Travers Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£48.5K01/211.57 miFlat 4, Elston Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£25.2K06/231.64 mi3, Glenview Court, Ribbleton, Preston, Lancashire PR2 6EG2
£47K05/211.64 miFlat 3, Beacon Lodge, Fir Trees Place, Ribbleton, Preston, Lancashire PR2 6FL2
£105K12/201.67 mi46, Masonwood, Fulwood, Preston, Lancashire PR2 8WD2
£110K11/221.67 miFlat 7, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£112.5K07/231.67 miFlat 5, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£130K11/211.68 miApartment 56, Sharoe Bay Court, Sharoe Green Lane, Fulwood, Preston, Lancashire PR2 9HZ2
£145K08/231.68 miApartment 22, Sharoe Bay Court, Sharoe Green Lane, Fulwood, Preston, Lancashire PR2 9HZ2
£117K12/221.68 miApartment 24, Sharoe Bay Court, Sharoe Green Lane, Fulwood, Preston, Lancashire PR2 9HZ2
£138K08/211.68 miApartment 15, Sharoe Bay Court, Sharoe Green Lane, Fulwood, Preston, Lancashire PR2 9HZ2
£137.5K06/231.68 miApartment 55, Sharoe Bay Court, Sharoe Green Lane, Fulwood, Preston, Lancashire PR2 9HZ2
£66K02/231.69 mi16, Regent Court, Fulwood, Preston, Lancashire PR2 9XW2
£85K05/211.69 mi21, Regent Court, Fulwood, Preston, Lancashire PR2 9XW2
£80K03/231.69 mi18, Regent Court, Fulwood, Preston, Lancashire PR2 9XW2
£94K02/231.69 mi28, Regent Court, Fulwood, Preston, Lancashire PR2 9XW2
£88K02/231.69 mi24, Regent Court, Fulwood, Preston, Lancashire PR2 9XW2
£82.5K10/221.71 mi35, Regent Court, Fulwood, Preston, Lancashire PR2 9XW2
£100K10/201.85 mi94a, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2

Local Rents

50 rents from £600/mo to £1.5K/mo, average is £884/mo.

RentDateDistanceAddressBeds 
£75006/240.08 miCastleton Road, PRESTON PR1 6QD2
£65006/240.18 miBleasdale Street East, Preston, PR12
£88407/240.21 miDeepdale Road, PRESTON, Lancashire PR1 6QB2
£77507/240.22 mi-2
£78609/240.22 mi-2
£77507/240.23 miLutwidge Avenue, Preston2
£60006/240.25 miHolstein Street2
£65007/240.26 miFlat Above Shop ,Meadow Street, Preston2
£82508/240.32 mi-2
£97107/240.33 miCunliffe Court, St. Pauls Road, Preston2
£95310/230.33 miCunliffe Court, St. Pauls Road, Preston2
£97106/240.33 miCunliffe Court, St. Pauls Road, Preston2
£62502/240.33 mi-2
£82307/240.33 miCunliffe Court, Cunliffe Street, Preston2
£97106/240.33 miCunliffe Court, Cunliffe Street, Preston2
£86706/240.33 miCunliffe Court, Cunliffe Street, Preston2
£86707/240.33 miCunliffe Court, Cunliffe Street, Preston2
£80012/240.33 mi-2
£70007/240.33 miDodgson Road, Preston2
£88407/240.34 miShaw Street, Flat 7, PRESTON, Lancashire PR1 1UB2
£88407/240.34 mi2-4, Shaw Street, Flat 6-LO, PRESTON, Lancashire PR1 1UB2
£75008/240.36 miSkeffington Road, Preston, PR12
£75003/250.36 mi-2
£72509/240.37 mi-2
£75003/250.38 mi-2
£67508/240.38 miSt. Stephens Road, Preston2
£79506/240.39 mi-2
£89506/240.39 mi-2
£95008/240.39 mi-2
£89508/240.39 mi-2
£85003/250.39 mi-2
£99511/240.39 mi-2
£79501/250.39 mi-2
£85007/240.39 miCentenary Mill Court, Preston, PR12
£89507/240.39 miCentenary Mill Court, Preston, PR12
£89508/240.39 miCentenary Mill Court, Preston, PR12
£89501/250.39 mi-2
£1,00004/250.39 mi-2
£1,15006/240.39 miThe Exchange, Percy Street, Preston2
£1,20006/240.39 miThe Exchange, Percy Street, Preston2
£1,25506/240.39 miThe Exchange, Percy Street, Preston2
£1,35006/240.39 miThe Exchange, Percy Street, Preston2
£1,17506/240.39 miThe Exchange, Percy Street, Preston2
£1,35006/240.39 miThe Exchange, Percy Street, Preston2
£1,20006/240.39 miThe Exchange, Percy Street, Preston2
£1,50006/240.39 miThe Exchange, Percy Street , Preston2
£1,00006/240.39 miThe Exchange, Percy Street, Preston2
£1,14506/240.39 miThe Exchange, Percy Street, Preston2
£1,00006/240.39 miThe Exchange, Percy Street, Preston2
£1,27006/240.39 miThe Exchange, Percy Street, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.17 miles away

Nearest school

0.10 miles away

Nearest train station

1.06 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £78,000

November 1, 2024

Sold for £45,000

2012

Sold for £55,000

2005

Floor Plans

Description

  • Immaculate Two Bedroom Apartment +
  • Ground Floor Flat with Very Spacious Rooms Throughout +
  • Two Double Bedrooms +
  • Large Fitted Kitchen with Dining Space +
  • Fitted Bathroom and W/C +
  • No Chain Delay +

Jones Cameron are proud to bring to the market this immaculate two-bedroom apartment, situated on Herbert Street, Preston.

Very well presented throughout, this deceptively spacious property is on the ground floor has been redecorated and is ready to move into. It briefly comprises an entrance hallway, W/C and fitted bathroom, two double bedrooms, a lovely reception room with lots of natural light, and a huge kitchen/ diner with a range of modern wall and base units. Another fantastic benefit to this home is the amount of storage space, making it unlike many other flats in the area.

Ideally located in a residential area of Preston, it is within a good distance of many local amenities, schools, shops and public transport links.

Internal viewings are essential to fully appreciate the size and quality of property on offer, it is the perfect first time buy or would be ideal for a buy to let investment and could achieve a fantastic rental income.

Service Charge - £544 p/a

Lease Term Remaining - 95 Years

Agent Details

Jones Cameron Estate Agents, Preston

01772 419827

Next Steps?

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