2 Bed Terraced House, Single Let, Preston, PR1 8SL, £105,000

11 Spa Road, Preston, Lancashire, PR1 8SL - 5 months ago

Auction
BTL
ROI: 8%
72 m²
+3 photos

ValuationOvervalued

Sold Prices£70K - £180K
Sold Prices/m²£843/m² - £3.3K/m²

 

 

Square Metres

71.68 m²
Price/m²£1.5K/m²

Value Estimate

£97,465

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,500

Total Cash In

£30,750

 

 

Cash Out

 

Rent Range

£650 - £2,185

Rent Estimate

£725

Running Costs/mo

£493

Cashflow/mo

£232

Cashflow/yr

£2,783

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £70K to £180K, average is £98K. £843/m² to £3.3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£85K03/230.01 mi16, Nelson Terrace, Preston, Lancashire PR1 8SQ2
£98K09/210.09 mi33, Talbot Road, Preston, Lancashire PR1 8NX2
£82K06/230.12 mi27, Kingswood Street, Preston, Lancashire PR1 8NP2
£115K04/230.23 mi2, Weston Street, Ashton On Ribble, Preston, Lancashire PR2 2QE2
£75K01/210.24 mi21, Langton Street, Preston, Lancashire PR1 8PY2
£103.5K03/210.25 mi36, Beamont Drive, Preston, Lancashire PR1 8UN2
£123K01/210.25 mi5, Beamont Drive, Preston, Lancashire PR1 8UN2
£90K10/210.27 mi35, St Marks Road, Preston, Lancashire PR1 8TL2
£85K10/210.31 mi119, Wellington Street, Preston, Lancashire PR1 8TS2
£75K04/230.31 mi111, Wellington Street, Preston, Lancashire PR1 8TS2
£110K10/210.44 mi13, Colman Court, Preston, Lancashire PR1 8DL2
£125K01/230.45 mi38, Grafton Street, Preston, Lancashire PR1 8JH2
£79K01/210.46 mi17, Brixey Street, Preston, Lancashire PR1 8EB2
£78K08/210.48 mi38, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£95K05/210.48 mi50, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£92K12/200.48 mi15, Beech Terrace, Preston, Lancashire PR1 8DQ2
£90K07/210.49 mi21, Bray Street, Ashton On Ribble, Preston, Lancashire PR2 2RP2
£98K02/210.49 mi1, Tulketh Crescent, Ashton On Ribble, Preston, Lancashire PR2 2RH2
£70K06/230.49 mi15, Bird Street, Preston, Lancashire PR1 8DY2
£102.5K02/210.5 mi32, Swansea Street, Ashton On Ribble, Preston, Lancashire PR2 1AS2
£100K07/230.53 mi3, Cardigan Street, Ashton On Ribble, Preston, Lancashire PR2 2AS2
£98K05/230.54 mi26, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£90K11/200.54 mi35, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£80K03/210.55 mi7, Flett Street, Ashton On Ribble, Preston, Lancashire PR2 2RX2
£77K11/200.55 mi10, River Parade, Preston, Lancashire PR1 8EJ2
£98K02/230.56 mi48, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£76K12/200.58 mi50, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£95K04/210.58 mi15, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£85K12/200.59 mi67, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£76K03/210.59 mi16, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£117K06/230.59 mi41, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£92.5K12/200.59 mi7, Brookhouse Street, Ashton On Ribble, Preston, Lancashire PR2 2AN2
£83K05/230.6 mi13, Nares Street, Ashton On Ribble, Preston, Lancashire PR2 2SS2
£110K03/230.61 mi64, Inkerman Street, Ashton On Ribble, Preston, Lancashire PR2 2AQ2
£97K02/230.61 mi15, Meath Road, Preston, Lancashire PR1 8EP2
£100K03/210.61 mi15, Garden Street, Preston, Lancashire PR1 8BT2
£96.5K03/230.62 mi5, Meath Road, Preston, Lancashire PR1 8EP2
£108K09/210.62 mi85, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£118.5K03/230.62 mi35, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£115K11/200.62 mi27, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£105K11/200.62 mi37, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£116.5K12/200.62 mi83, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£120K03/230.63 mi8, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DB2
£135K06/230.64 mi107, Shelley Road, Ashton On Ribble, Preston, Lancashire PR2 2DA2
£158K03/230.65 mi37, Endeavour Close, Ashton On Ribble, Preston, Lancashire PR2 2YG2
£123.5K07/230.66 mi57, Wellington Road, Ashton On Ribble, Preston, Lancashire PR2 1BU2
£114K06/210.67 mi98, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2SY2
£180K12/220.69 mi22, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£127.4K03/230.7 mi23, Oswald Road, Ashton On Ribble, Preston, Lancashire PR2 1BT2
£160K04/230.71 mi33, Bank Place, Ashton On Ribble, Preston, Lancashire PR2 1DN2

Local Rents

50 rents from £650/mo to £2.2K/mo, average is £870/mo.

RentDateDistanceAddressBeds 
£79511/240.04 mi-2
£1,00007/240.16 miWellfield Road, Preston, Lancashire, PR12
£80007/240.24 mi-2
£72506/240.24 miLangton Street, PRESTON PR1 8PY2
£75006/240.24 miLangton Street, Preston2
£79010/230.26 miKingfisher court, Beamont Drive, Preston2
£75007/240.26 miKingfisher Court, Preston2
£75008/240.26 miKingfisher Court, Preston2
£70006/240.26 miBeamont Drive, Preston, PR12
£75007/240.26 miBeamont Drive, Preston2
£77002/240.26 mi-2
£1,00207/240.27 miSt. Marks Road, Preston, Lancashire, PR12
£95010/240.29 mi-2
£86707/240.29 mi-2
£86707/240.29 mi-2
£75008/240.29 miChrist Church Street, Preston2
£75008/240.29 miChrist Church Street, Preston2
£75007/240.29 miChrist Church Street, Preston, PR12
£87207/240.29 miChrist Church Street, Preston, Lancashire, PR12
£1,04006/240.29 miChristchurch Street-Flat 1, PRESTON PR1 8PH2
£82307/240.29 miChristchurch Street flat 2, PRESTON PR1 8PH2
£85008/240.31 mi-2
£85009/240.31 mi-2
£75007/240.32 miSteeple View, Ashton-on-ribble, Preston2
£1,08306/240.33 miFlat 2 Preston PR1 8JE2
£1,08306/240.33 miFlat 1 Preston PR1 8JE2
£1,08306/240.33 mi Preston PR1 8JE2
£1,12708/240.33 mia Fishergate Hill, Preston2
£92707/240.35 miFylde Road, Flat 6, PRESTON, Lancashire PR1 2XP2
£92706/240.35 miFylde Road, Flat 08, PRESTON, Lancashire PR1 2XP2
£92707/240.35 miFylde Road Flat 2, PRESTON, Lancashire PR1 2XP2
£1,49503/250.35 mi-2
£1,49503/250.35 mi-2
£97106/240.35 miFishergate Hill Flat, PRESTON, Lancashire PR1 8JB2
£1,40007/240.35 miThe Old County Hotel, Fishergate Hill, Preston2
£78907/240.37 mib Fylde Road, Preston2
£65006/240.37 miWest Strand Preston PR1 8UJ2
£99708/240.38 miFishergate Court, Flat 1, PRESTON, Lancashire PR1 8JB2
£1,04008/240.38 miFishergate Court, Flat 2, PRESTON, Lancashire PR1 8JB2
£99708/240.38 miFishergate Court, Flat 3, PRESTON, Lancashire PR1 8JB2
£1,10007/240.38 miFlat , Fishergate Court, Fishergate, Preston2
£90007/240.39 miStation Terrace, Waltons Parade2
£1,64506/240.4 mi-2
£2,18509/240.4 mi-2
£2,18503/250.4 mi-2
£75008/240.43 mi-2
£75003/250.43 mi-2
£75006/240.45 miTulketh Crescent, Ashton On Ribble, Preston2
£1,10009/240.46 mi-2
£72507/240.47 miCannon Hill, Ashton-on-Ribble - , PRESTON, Lancashire PR2 2RR2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

1.23 miles away

Nearest school

0.40 miles away

Nearest train station

0.46 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 £105,000

January 15, 2025

Listed for £110,000

November 13, 2024

Sold for £74,500

2016

Sold for £80,000

2004

Floor Plans

Description

  • Chain Free +
  • Fantastic investment opportunity +
  • Three Bedrooms +
  • Freehold +
  • Rear enclosed yard +
  • Close to All Local Amenities +

Being Sold via Secure Sale online bidding. Terms & Conditions apply.

Investment opportunity property which close to UCLAN.

This three bedroom terrace property is the perfect first time buy or investment property.

Located within walking distance from Preston City Centre with easy access to M61 network, Preston railway station and local amenities. The property is benefiting from double glazing, gas central heating and two bathrooms.

The property briefly comprises; vestibule, entrance hallway, lounge, dining kitchen and a downstairs shower room. To the first floor there is three spacious bedrooms and a three piece fitted bathroom. To the rear of the property there is a private wall enclosed rear yard.

Council Tax Band: A
Tenure: Freehold

Agent Details

Open House Preston Ltd, Preston

01772 503146

Next Steps?

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