2 Bed Bungalow, Refurb/BRRR, Preston, PR5 5BD, £170,000

Graham Avenue, PR5 5BD - 5 months ago

Refurb/BRRR
ROI: 2%
~56 m²
+3 photos

ValuationOvervalued

Sold Prices£70K - £225K
Sold Prices/m²£1.2K/m² - £4.4K/m²

 

 

Square Metres

~56 m²
Price/m²£3K/m²

Value Estimate

£102,369

 

 

End Value (After Refurb)

£153,938

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£10,600

Refurb Costs

£23,742

Bridging Loan Interest

£4,463

Total Cash In

£83,054

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£153,938

Mortgage (After Refinance)

£115,453

Mortgage LTV

75%

Cash Left In

£83,054

Equity

£38,484

Rent Range

£650 - £895

Rent Estimate

£815

Running Costs/mo

£664

Cashflow/mo

£151

Cashflow/yr

£1,811

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £70K to £225K, average is £143.8K. £1.2K/m² to £4.4K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£115K04/210.07 mi11, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£150K06/230.07 mi17, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£130K05/210.07 mi8, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£142.5K06/230.09 mi39, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£129.8K03/210.09 mi3, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£166.5K04/230.09 mi48, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£225K06/230.09 mi31, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£145K11/210.11 mi18, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX2
£135K05/210.11 mi30, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX2
£189.9K05/210.14 mi15, River Heights, Lostock Hall, Preston, Lancashire PR5 5YS2
£70K12/200.14 mi8, The Pickerings, Lostock Hall, Preston, Lancashire PR5 5UZ2
£220K07/230.2 mi6, Bridge End, Lostock Hall, Preston, Lancashire PR5 5YH2
£215K06/230.21 mi6, Breeze Mount, Lostock Hall, Preston, Lancashire PR5 5YR2
£214K01/230.21 mi2, Breeze Mount, Lostock Hall, Preston, Lancashire PR5 5YR2
£155.3K07/230.22 mi25, Moss Bridge Park, Lostock Hall, Preston, Lancashire PR5 5LZ2
£150K10/200.22 mi16, Moss Bridge Park, Lostock Hall, Preston, Lancashire PR5 5LZ2
£146K06/210.25 mi14, Tudor Croft, Lostock Hall, Preston, Lancashire PR5 5BF2
£105K01/210.29 mi5, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£133K05/230.29 mi21, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£105K01/210.29 mi5, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£165K12/220.31 mi8, Linden Drive, Lostock Hall, Preston, Lancashire PR5 5AT2
£160K03/230.32 mi38, Moss Lane, Lostock Hall, Preston, Lancashire PR5 5BT2
£187.5K11/210.33 mi21, Brownedge Close, Walton Le Dale, Preston, Lancashire PR5 4UJ2
£114.5K11/200.33 mi13, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE2
£172K09/230.34 mi30, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AD2
£170K04/230.35 mi22, Camwood Drive, Lostock Hall, Preston, Lancashire PR5 5AU2
£141K06/230.36 mi5, St Judes Avenue, Walton Le Dale, Preston, Lancashire PR5 4UH2
£175K02/230.36 mi22, St Judes Avenue, Walton Le Dale, Preston, Lancashire PR5 4UH2
£129.5K03/210.39 mi17, Avondale Drive, Lostock Hall, Preston, Lancashire PR5 5BQ2
£85K10/230.43 mi81, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA2
£155K05/210.47 mi2, St Benets Close, Walton Le Dale, Preston, Lancashire PR5 4UT2
£156K03/230.48 mi29, Victoria Street, Lostock Hall, Preston, Lancashire PR5 5RA2
£161K10/210.48 mi10, Lords Avenue, Lostock Hall, Preston, Lancashire PR5 5HH2
£115K03/210.48 mi12, Lords Avenue, Lostock Hall, Preston, Lancashire PR5 5HH2
£105K01/210.49 mi37, Fairfield Street, Lostock Hall, Preston, Lancashire PR5 5HX2
£105K04/210.5 mi12, Sephton Street, Lostock Hall, Preston, Lancashire PR5 5RP2
£127K05/210.5 mi42, St Gerrards Road, Lostock Hall, Preston, Lancashire PR5 5TS2
£112.5K01/230.5 mi14, Fairfield Street, Lostock Hall, Preston, Lancashire PR5 5HX2
£120K07/210.51 mi9, Lostock Square, Lostock Hall, Preston, Lancashire PR5 5HJ2
£170K12/200.51 mi2, Convent Close, Bamber Bridge, Preston, Lancashire PR5 6US2
£186K12/200.51 mi53a, Duddle Lane, Walton Le Dale, Preston, Lancashire PR5 4UB2
£122K02/210.52 mi35, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TH2
£138.5K12/220.52 mi40, St Gerrards Road, Lostock Hall, Preston, Lancashire PR5 5TS2
£103K05/230.55 mi37, Meanygate, Bamber Bridge, Preston, Lancashire PR5 6UP2
£145K07/210.55 mi115, Coniston Drive, Walton Le Dale, Preston, Lancashire PR5 4RQ2
£92K12/220.6 mi487, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SD2
£155.9K01/230.6 mi18, Ampleforth Drive, Lostock Hall, Preston, Lancashire PR5 5TE2
£134.5K12/200.6 mi56, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TL2
£170K12/220.6 mi30, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TL2
£137K06/230.61 mi47, Old Hall Drive, Bamber Bridge, Preston, Lancashire PR5 6EX2

Local Rents

14 rents from £650/mo to £895/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£85006/240.2 miBridge End, PR52
£87507/240.44 mi-2
£87503/250.44 mi-2
£89512/240.46 mi-2
£79502/250.46 mi-2
£75006/240.46 miKing Street, Lostock Hall2
£77506/240.46 mi-2
£65005/240.49 mi-2
£85002/240.49 mi-2
£80012/240.49 mi-2
£89512/240.49 mi-2
£77512/240.5 miSt Gerrards Road, Lostock Hall2
£77501/250.51 mi-2
£85010/230.61 miAmpleforth Drive, PR52

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.93 miles away

Nearest school

0.30 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £170,000

March 20, 2025

Listed for £180,000

November 19, 2024

Floor Plans

Description

  • Close to Local Amenities +
  • Two Bedrooms +
  • Off Road Parking +
  • Semi Detached Bungalow +
  • Council Tax band: B +
  • EPC Rating D +
  • Garage +

This charming 2-bedroom semi-detached bungalow is situated in a sought-after neighbourhood, offering a fantastic opportunity for those looking to create their perfect home.
The property, while in need of some TLC, holds great potential for renovation and modern updates, making it an ideal project for first-time buyers, investors, or anyone with a vision for a cosy retreat.

Upon entering the bungalow, you are greeted by a spacious hallway that leads to a generously sized living room, perfect for relaxing with family or entertaining guests. The living room features a large window, allowing plenty of natural light to fill the space, enhancing its welcoming atmosphere. The adjoining kitchen, while currently dated, has ample room for a modern redesign to suit contemporary tastes.

The bungalow boasts two comfortable bedrooms, both of which offer good space and the flexibility to be transformed into cosy sleeping areas. A family bathroom, though functional, would benefit from updating to enhance its comfort and style.

Outside, the property includes a private garden that, with a little imagination and effort, could become a beautiful outdoor sanctuary. There is also a driveway providing off-road parking, adding to the convenience of the home.

Located in a popular area, this bungalow is close to local amenities including shops, schools, and parks, with excellent transport links nearby. The neighbourhood is known for its friendly community feel, making it a desirable place to settle down.

With its prime location and the opportunity to add significant value through modernization, this 2-bedroom semi-detached bungalow is a hidden gem waiting to be polished. Perfect for those willing to invest some time and care, it offers the chance to create a beautiful and personalized living space in a fantastic location.

EPC Rating D
Council Tax Band: B

Lounge 4.85m x 2.99m

Kitchen 3.06m x 2.67m

Bedroom One 3.93m x 2.99m

Bedroom Two 2.11m x 2.69m

Bathroom 2.4m x 1.76m

Rear Porch 1.47m x 1.53m

Agent Details

AMR Sales and Lettings Ltd, Bamber Bridge

01772 211672

Next Steps?

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