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

Samuel Street, Preston, PR1 4YL - 4 months ago

Under Offer
Leasehold
BTL
ROI: 27%
~93 m²
+15 photos

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
BMV22%

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.

PriceDateDistanceAddressBeds 
£135K03/211.43 mi24, Garstang Road, Preston, Lancashire PR1 1NA3
£128K02/231.9 mi251, Plungington Road, Fulwood, Preston, Lancashire PR2 3PQ3
£180K07/232.26 mi24, St Francis Close, Fulwood, Preston, Lancashire PR2 9WH3
£250K11/202.43 mi35, Far Field, Penwortham, Preston, Lancashire PR1 9YQ3
£218K12/202.43 mi57, Far Field, Penwortham, Preston, Lancashire PR1 9YQ3
£204.9K06/212.58 mi1, Hill Road South, Penwortham, Preston, Lancashire PR1 9YT3
£185K10/212.58 mi1, Maureen Avenue, Lostock Hall, Preston, Lancashire PR5 5BN3
£185K10/222.65 miFlat 76, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YZ3
£145K07/212.66 miApartment 9, Woodville Court, Woodville Road, Penwortham, Preston, Lancashire PR1 9BW3
£255K11/202.71 mi105, Pope Lane, Penwortham, Preston, Lancashire PR1 9DB3
£265K11/212.74 mi10, Broad Oak Lane, Penwortham, Preston, Lancashire PR1 0UX3
£154K08/212.85 mi81, Princes Reach, Ashton On Ribble, Preston, Lancashire PR2 2GB3
£220K11/202.85 mi16, Blake Avenue, Lostock Hall, Preston, Lancashire PR5 5LY3

Local Rents

22 rents from £694/mo to £2.5K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£1,30008/240.04 mi-3
£1,30008/240.04 mi-3
£69408/240.18 mi-3
£80002/250.2 mi-3
£80010/240.25 mi-3
£70008/240.31 miSkeffington Road, Preston, PR13
£85008/240.31 miAcregate Lane, Preston3
£99801/250.32 mi-3
£95003/250.32 mi-3
£80003/250.34 mi-3
£2,38006/240.35 mi-3
£2,52002/250.35 mi-3
£85008/240.39 miCavendish Road, Preston, PR13
£80010/240.4 mi-3
£1,15009/240.42 mi-3
£80003/250.43 mi-3
£75002/240.48 mi-3
£75002/240.48 mi-3
£72508/240.5 mi-3
£1,10012/240.51 mi-3
£69408/240.52 mi-3
£99912/230.62 mi-3

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

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious room +
  • Large Kitchen +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 3 bedroom flat located in Preston. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 3 bedrooms, lounge, kitchen and bathroom.

Investment details

It currently produces an annual gross income of £7,488 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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