2 Bed Semi-Detached House, Refurb/BRRR, Preston, PR5 0RT, £245,000
Gib Lane, Hoghton, Preston, PR5 0RT - 6 views - 5 months ago
Sold STC
Refurb/BRRR
ROI: 4%
~68 m²





+16 photos
ValuationOvervalued
Sold Prices | £90K - £580K |
Sold Prices/m² | £1.2K/m² - £4.9K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £3.6K/m² |
Value Estimate | £140,766 |
| |
End Value (After Refurb) | £225,000 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £61,250 |
Stamp Duty & Legal Fees | £8,550 |
Refurb Costs | £28,876 |
Bridging Loan Interest | £6,431 |
Total Cash In | £106,858 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £225,000 |
Mortgage (After Refinance) | £168,750 |
Mortgage LTV | 75% |
Cash Left In | £106,858 |
Equity | £56,250 |
Rent Range | £595 - £3,500 |
Rent Estimate | £1,297 |
Running Costs/mo | £983 |
Cashflow/mo | £314 |
Cashflow/yr | £3,774 |
ROI | 4% |
Gross Yield | 6% |
Local Sold Prices
23 sold prices from £90K to £580K, average is £158K. £1.2K/m² to £4.9K/m², average is £2.1K/m².
Local Rents
28 rents from £595/mo to £3.5K/mo, average is £963/mo.
Local Area Statistics
Population in PR5 | 40,828 |
Population in Preston | 286,036 |
Town centre distance | 4.61 miles away |
Nearest school | 1.30 miles away |
Nearest train station | 1.90 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | +1% |
Sales demand | Balanced market |
Capital growth (5yrs) | +14% |
Property History
Listed for £245,000
November 3, 2024
Floor Plans
