3 Bed Flat, Single Let, Preston, PR1 4YL, £42,000





ValuationUndervalued
Sold Prices | £128K - £265K |
Sold Prices/m² | £1.2K/m² - £3.3K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £452/m² |
Value Estimate | £51,240 |
BMV | 22% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £10,500 |
Stamp Duty & Legal Fees | £3,300 |
Total Cash In | £13,800 |
| |
Cash Out | |
Rent Range | £694 - £2,520 |
Rent Estimate | £577 |
Running Costs/mo | £267 |
Cashflow/mo | £310 |
Cashflow/yr | £3,724 |
ROI | 27% |
Gross Yield | 16% |
Local Sold Prices
13 sold prices from £128K to £265K, average is £185K. £1.2K/m² to £3.3K/m², average is £2.8K/m².
Local Rents
22 rents from £694/mo to £2.5K/mo, average is £825/mo.
Local Area Statistics
Population in PR1 | 72,064 |
Population in Preston | 286,036 |
Town centre distance | 0.87 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.49 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 £42,000
December 15, 2024
Price changed to £45,500
December 7, 2024
Listed for £47,500
November 21, 2024
Description
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