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

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

Auction
BTL
ROI: 7%
72 m²
+3 photos

ValuationFair Value

Sold Prices£74K - £285K
Sold Prices/m²£731/m² - £3.2K/m²

 

 

Square Metres

71.68 m²
Price/m²£1.5K/m²

Value Estimate

£105,891

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

£477 - £1,636

Rent Estimate

£697

Running Costs/mo

£488

Cashflow/mo

£209

Cashflow/yr

£2,514

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £74K to £285K, average is £127K. £731/m² to £3.2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£90K02/230.04 mi26, Spa Road, Preston, Lancashire PR1 8SL3
£98K08/210.17 mi15, Salisbury Road, Preston, Lancashire PR1 8PS3
£111.5K08/210.24 mi33, Langton Street, Preston, Lancashire PR1 8PY3
£125K04/210.32 mi18, West View Terrace, Preston, Lancashire PR1 8UA3
£129K10/210.32 mi26, Cheviot Street, Preston, Lancashire PR1 8UE3
£131K06/210.45 mi11, Hull Street, Ashton On Ribble, Preston, Lancashire PR2 2NQ3
£127K06/230.47 mi15, Rossall Street, Ashton On Ribble, Preston, Lancashire PR2 2RS3
£191K01/230.48 mi60, Grafton Street, Preston, Lancashire PR1 8JH3
£125K11/210.48 mi74, South Meadow Lane, Preston, Lancashire PR1 8JN3
£225K10/210.49 mi9, Broadgate, Preston, Lancashire PR1 8DX3
£225K02/210.5 mi2, Foster Croft, Penwortham, Preston, Lancashire PR1 0AN3
£110K04/230.5 mi5, Hind Street, Preston, Lancashire PR1 8JJ3
£100K12/200.51 mi41, Shelley Road, Ashton On Ribble, Preston, Lancashire PR2 2DB3
£92.6K01/210.51 mi6, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB3
£110K12/220.53 mi29, Cardigan Street, Ashton On Ribble, Preston, Lancashire PR2 2AS3
£115K09/210.53 mi96, Beech Street South, Preston, Lancashire PR1 8JQ3
£89.5K01/230.55 mi15, Dart Street, Ashton On Ribble, Preston, Lancashire PR2 1AY3
£85.5K06/230.55 mi21, Dart Street, Ashton On Ribble, Preston, Lancashire PR2 1AY3
£137K10/210.55 mi36, River Parade, Preston, Lancashire PR1 8EJ3
£118K11/210.55 mi12, Hesketh Street, Ashton On Ribble, Preston, Lancashire PR2 2RY3
£77K01/210.55 mi18, Hesketh Street, Ashton On Ribble, Preston, Lancashire PR2 2RY3
£110K09/230.55 mi32, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2SX3
£74K07/210.55 mi20, Stocks Road, Ashton On Ribble, Preston, Lancashire PR2 2SX3
£90K08/230.59 mi12, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD3
£133K02/230.59 mi8, Nares Street, Ashton On Ribble, Preston, Lancashire PR2 2SS3
£191.5K04/210.6 mi70, Priory Lane, Penwortham, Preston, Lancashire PR1 0AS3
£130K05/230.6 mi77, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA3
£177.9K10/210.6 mi146, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AR3
£180K01/210.6 mi45, Winckley Road, Preston, Lancashire PR1 8EL3
£127K01/210.6 mi24, Winckley Road, Preston, Lancashire PR1 8EL3
£191.5K04/210.6 mi70, Priory Lane, Penwortham, Preston, Lancashire PR1 0AS3
£259.9K01/230.6 mi7, Clive Road, Penwortham, Preston, Lancashire PR1 0AT3
£135K08/210.61 mi66, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DB3
£107K01/230.61 mi92, Inkerman Street, Ashton On Ribble, Preston, Lancashire PR2 2AQ3
£100K05/230.61 mi94, Inkerman Street, Ashton On Ribble, Preston, Lancashire PR2 2AQ3
£145K07/230.61 mi26, Inkerman Street, Ashton On Ribble, Preston, Lancashire PR2 2AQ3
£280K11/200.62 mi32, Monks Walk, Penwortham, Preston, Lancashire PR1 0AQ3
£277K01/230.62 mi11a, Clive Road, Penwortham, Preston, Lancashire PR1 0AT3
£112.5K03/230.62 mi5, Markham Street, Ashton On Ribble, Preston, Lancashire PR2 2SR3
£98K12/200.65 mi18, Fazackerley Street, Ashton On Ribble, Preston, Lancashire PR2 2SQ3
£137.8K12/200.65 mi83, Wellington Road, Ashton On Ribble, Preston, Lancashire PR2 1BX3
£115K04/210.66 mi31, Villiers Court, Preston, Lancashire PR1 7QQ3
£205K05/230.67 mi30, Blundell Lane, Penwortham, Preston, Lancashire PR1 0AX3
£130K05/210.68 mi1, Oswald Road, Ashton On Ribble, Preston, Lancashire PR2 1BT3
£100K03/210.7 mi13, Lowther Street, Ashton On Ribble, Preston, Lancashire PR2 2SN3
£140K04/230.71 mi12, Kilruddery Road, Preston, Lancashire PR1 8ES3
£134.5K10/200.71 mi16, Holland Road, Ashton On Ribble, Preston, Lancashire PR2 1BS3
£285K04/230.71 mi1, Priory Close, Penwortham, Preston, Lancashire PR1 0BB3
£260K05/230.71 mi3, Links Road, Penwortham, Preston, Lancashire PR1 0EP3
£91K11/210.72 mi41, Wolseley Road, Preston, Lancashire PR1 8EU3

Local Rents

50 rents from £477/mo to £1.6K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£82005/240.03 mi-3
£92507/240.08 miTalbot Road, Preston3
£89509/240.12 miBrieryfield Road, Preston3
£69506/240.15 miBrieryfield Road, Preston, Lancashire, PR13
£80007/240.16 mi-3
£80006/240.17 mi64 Wellfield Road-FM, PRESTON PR1 8SP3
£90006/240.17 miSalisbury Road, Preston3
£75009/240.17 miVine Street, Preston3
£80001/250.17 mi-3
£80003/250.17 mi-3
£99506/240.18 miNorthcote Road, Preston, Lancashire, PR13
£1,10007/240.22 mi-3
£85007/240.23 miBeamont Drive, Ashton-on-Ribble, Preston3
£70006/240.24 miLangton Street, Preston, Lancashire, PR13
£82506/240.25 mi-3
£1,30006/240.27 miSt Marks Road, Preston3
£89508/240.31 miMaudland Bank, Preston3
£1,45610/230.35 miFishergate Hill Middle Floor, PRESTON, Lancashire PR1 8JD3
£1,10007/240.35 miFylde Road, PRESTON, Lancashire PR2 2NH3
£1,32606/240.39 miFishergate, Preston3
£95007/240.41 mi-3
£95002/240.44 mi-3
£1,00003/250.44 mi-3
£89506/240.45 miGrafton Street, Preston, Lancashire, PR13
£1,25007/240.45 miGrafton Street, Preston FM3
£90007/240.47 mi7 Tulketh Crescent-FM, PRESTON PR2 2RH3
£1,49506/240.48 miGordon Street flat 4, PRESTON, Lancashire PR1 7HJ3
£90007/240.48 miSouth Meadow Lane, Preston, PR13
£95007/240.48 mi-3
£89508/240.49 miOld Lancaster Lane Preston PR1 7JU3
£80007/240.5 miTaylor Street, Broadgate3
£52008/240.5 miTaylor Street, Preston, Lancashire, PR13
£1,63606/240.51 miGordon Street, Preston, Lancashire, PR1 7HJ3
£1,30007/240.52 miFriargate, PRESTON, PR1 2AT3
£1,37507/240.52 miFriargate, PRESTON PR1 2AT3
£95007/240.53 miCardigan Street, PRESTON, Lancashire PR2 2AS3
£1,47507/240.54 miThe Sorting Office, 42 West Cliff, Preston3
£1,15007/240.54 miThe Sorting Office, 42 West Cliff, Preston3
£1,50009/240.54 miThe Sorting Office, 42 West Cliff, Preston3
£87510/230.54 miBeech Street South, Preston3
£75006/240.56 miDart Street, Ashton-On-Ribble, Preston3
£75007/240.56 miPoulton Street, Ashton3
£1,36507/240.57 miHawkins Street, Flat, PRESTON, Lancashire PR1 7HR3
£1,36507/240.57 miHawkins Street, Flat, PRESTON, Lancashire PR1 7HR3
£1,05006/240.57 miHawkins Street, Flat, PRESTON, Lancashire PR1 7HR3
£47712/240.58 mi5-9 Moor Lane, Flat 3
£1,39107/240.59 miMurray Street, PRESTON, Lancashire PR1 7HY3
£1,30006/240.59 miMurray Street, PRESTON, Lancashire PR1 7HY3
£1,63606/240.61 miConnaught House, 15-17 Mount Street, Preston, PR13
£1,56907/240.61 miMount Street, Preston, Lancashire, PR13

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

1.27 miles away

Nearest school

0.40 miles away

Nearest train station

0.49 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 19, 2024

Sold for £74,500

2016

Sold for £80,000

2004

Floor Plans

Description

  • Being sold via Secure Sale online bidding. Terms & Conditions apply. +
  • Chain Free +
  • Fantastic investment opportunity +
  • Three Bedrooms +
  • Rear enclosed yard +
  • Close to All Local Amenities +

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

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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