2 Bed Bungalow, Refurb/BRRR, Preston, PR2 3HS, £179,950

22 Eastgate, Preston, Lancashire, PR2 3HS - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£74K - £325K
Sold Prices/m²£661/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£109,908

 

 

End Value (After Refurb)

£152,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£44,988

Stamp Duty & Legal Fees

£6,599

Refurb Costs

£28,824

Bridging Loan Interest

£4,724

Total Cash In

£86,883

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£152,500

Mortgage (After Refinance)

£114,375

Mortgage LTV

75%

Cash Left In

£86,883

Equity

£38,125

Rent Range

£600 - £1,312

Rent Estimate

£840

Running Costs/mo

£665

Cashflow/mo

£175

Cashflow/yr

£2,105

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £74K to £325K, average is £133.9K. £661/m² to £4.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£155K12/200.02 mi53, Eastgate, Fulwood, Preston, Lancashire PR2 3HS2
£178K12/200.04 mi1, Warwick Close, Fulwood, Preston, Lancashire PR2 3JN2
£150K04/210.15 mi20, Oxford Road, Fulwood, Preston, Lancashire PR2 3JL2
£133.8K02/210.23 mi16, Black Bull Lane, Fulwood, Preston, Lancashire PR2 3PU2
£168K07/230.36 mi62, Lytham Road, Fulwood, Preston, Lancashire PR2 3AQ2
£155K02/210.36 mi10, Old Orchard, Fulwood, Preston, Lancashire PR2 3QF2
£178K12/200.38 mi11, Regent Park, Fulwood, Preston, Lancashire PR2 9WX2
£185K08/230.42 mi164, Conway Drive, Fulwood, Preston, Lancashire PR2 3ES2
£161.9K11/200.43 mi2, Shire Bank Crescent, Fulwood, Preston, Lancashire PR2 9QE2
£220K06/230.47 mi111, Lytham Road, Fulwood, Preston, Lancashire PR2 3EW2
£135K12/220.49 mi386, Brook Street, Fulwood, Preston, Lancashire PR2 3AH2
£177K05/230.5 mi5, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£215K11/210.51 mi55, Hawkhurst Avenue, Fulwood, Preston, Lancashire PR2 9XT2
£82K08/210.55 mi45, Jemmett Street, Preston, Lancashire PR1 7XJ2
£90K04/230.55 mi50, Jemmett Street, Preston, Lancashire PR1 7XJ2
£200K01/230.61 mi128, Lytham Road, Ashton On Ribble, Preston, Lancashire PR2 2EP2
£74K05/210.61 mi15, Elmsley Street, Preston, Lancashire PR1 7XD2
£146K11/210.62 mi140, Lytham Road, Ashton On Ribble, Preston, Lancashire PR2 2EP2
£94K02/230.63 mi14, Coniston Avenue, Ashton On Ribble, Preston, Lancashire PR2 2HS2
£85K02/210.63 mi61, Lowndes Street, Preston, Lancashire PR1 7XT2
£220K10/230.64 mi20, Lorton Close, Fulwood, Preston, Lancashire PR2 8YS2
£220K06/230.64 mi26, Lorton Close, Fulwood, Preston, Lancashire PR2 8YS2
£141K02/230.65 mi34, Sharoe Green Lane, Fulwood, Preston, Lancashire PR2 8EE2
£156K03/210.65 mi4, Rose Avenue, Ashton On Ribble, Preston, Lancashire PR2 2HA2
£160K04/210.65 mi51, Seymour Road, Ashton On Ribble, Preston, Lancashire PR2 2EU2
£164K03/230.65 mi63, Seymour Road, Ashton On Ribble, Preston, Lancashire PR2 2EU2
£190K10/230.67 mi18, Thornton Avenue, Fulwood, Preston, Lancashire PR2 3TH2
£325K01/230.68 mi135, Sharoe Green Lane, Fulwood, Preston, Lancashire PR2 8HE2
£92K05/210.69 mi11, Bucklands Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BP2
£86K08/210.7 mi68, Cambridge Street, Preston, Lancashire PR1 7XA2
£115K08/210.7 mi1, Greenbank Avenue, Preston, Lancashire PR1 7QB2
£125K01/230.7 mi11, Greenbank Avenue, Preston, Lancashire PR1 7QB2
£295K12/220.7 mi310, Sharoe Green Lane, Fulwood, Preston, Lancashire PR2 9HB2
£76.5K11/210.7 mi110, Elliott Street, Preston, Lancashire PR1 7XN2
£130K04/230.71 mi60, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BE2
£100K03/230.72 mi15, Lowndes Street, Preston, Lancashire PR1 7XS2
£110K07/210.72 mi78, Murdock Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BL2
£110K01/210.72 mi58, Murdock Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BL2
£110K08/230.72 mi1, Wildman Street, Preston, Lancashire PR1 7QH2
£78K02/210.73 mi18, Ripon Street, Preston, Lancashire PR1 7UL2
£131K05/230.74 mi37, Ripon Street, Preston, Lancashire PR1 7UJ2
£85.5K03/230.74 mi189, Emmanuel Street, Preston, Lancashire PR1 7NQ2
£245K06/230.75 mi7, Fir Tree Avenue, Fulwood, Preston, Lancashire PR2 3TJ2
£130K12/220.76 mi9, Gathurst Road, Ashton On Ribble, Preston, Lancashire PR2 2ED2
£119K10/200.77 mi11, Gathurst Road, Ashton On Ribble, Preston, Lancashire PR2 2ED2
£78K03/230.77 mi28, Stanhope Street, Preston, Lancashire PR1 7PN2
£134K02/230.77 mi7, Dorman Close, Ashton On Ribble, Preston, Lancashire PR2 2BF2
£113.5K05/210.77 mi11, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BD2
£120K02/210.77 mi4, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BD2
£120K03/230.77 mi19, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BD2

Local Rents

24 rents from £600/mo to £1.3K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£89507/240.09 miGarstang Road,Fulwood, Preston PR22
£85012/240.11 mi-2
£90002/250.11 mi-2
£85007/240.11 miLambeth Court, Fulwood, Preston, PR22
£77502/240.16 mi-2
£82512/240.18 mi-2
£82507/240.18 miFulwood, Preston, PR22
£70006/240.22 miDerby Road, Fulwood, Preston, PR2 8JJ2
£60006/240.43 miRoyal Drive, Fulwood, Preston, PR22
£82507/240.43 mi-2
£75007/240.44 miWatling Street Road, Fulwood2
£95012/240.46 mi-2
£95012/240.46 mi-2
£95012/240.46 mi-2
£87507/240.47 miWatling Street Road, Fulwood, Preston, PR22
£1,31204/250.47 mi-2
£79507/240.51 miRoyal Drive, Fulwood, PR22
£75006/240.55 miMoorlands, 103 Garstang Road, Preston, Lancashire, PR12
£80007/240.55 miMoorlands, 103 Garstang Road, Lancashire, PR12
£79507/240.57 miPlungington Road, Preston, Lancashire, PR12
£80002/250.6 mi-2
£73001/240.6 mi-2
£82507/240.61 miGarstang Road, Preston2
£75006/240.61 miElmsley Street, Preston, Lancashire, PR12

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

1.29 miles away

Nearest school

0.20 miles away

Nearest train station

1.77 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £179,950

November 12, 2024

Sold for £65,000

1997

Floor Plans

Description

Here comes a deceptively spacious two double bedroom bungalow set on the ever sought after road of Eastgate, in the heart of Fulwood. Offering bags of potential, this wonderful property is in a very highly demanded location yet nestled on a quiet road. Set on a generous plot, with a grand driveway. In need of some modernisation with options for further amendments, you could be the next lucky owner and turn this property into your dream forever home!

Within easy access of the local amenities, public transport links, schools, main motorway connections, Royal Preston Hospital and Preston City Centre. 

On internal inspection the property briefly comprises; a large entrance hallway, spacious lounge, a fitted kitchen with a range of wall and base units, conservatory, two double bedrooms with fitted wardrobes, a shower room with a separate WC. 

Externally the property benefits from; extensive gardens, with ample parking for multiple vehicles, leading down to the detached garage. The low maintenance fence enclosed south west facing rear garden is a real sun trap.

The property is offered with no further chain. Viewings are highly recommended to appreciate the space and the potential on offer. Call Dewhurst Homes on to arrange your viewing now!!

Agent Details

Dewhurst Homes, Fulwood

01772 963627

Next Steps?

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