3 Bed Bungalow, Single Let, Preston, PR2 8DE, £180,000

Melrose Avenue, Preston, PR2 8DE - 5 months ago

BTL
ROI: 3%
~100 m²
+7 photos

ValuationUndervalued

Sold Prices£49.5K - £300K
Sold Prices/m²£427/m² - £3.1K/m²

 

 

Square Metres

~99.59 m²
Price/m²£1.8K/m²

Value Estimate

£203,707
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£800 - £1,200

Rent Estimate

£900

Running Costs/mo

£763

Cashflow/mo

£138

Cashflow/yr

£1,650

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £49.5K to £300K, average is £181K. £427/m² to £3.1K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£216K09/210.11 mi60, Coniston Road, Fulwood, Preston, Lancashire PR2 8AY3
£156K06/210.11 mi79, Coniston Road, Fulwood, Preston, Lancashire PR2 8AY3
£170K12/200.19 mi9, Coniston Road, Fulwood, Preston, Lancashire PR2 8AX3
£140K02/210.27 mi12, Ullswater Road, Fulwood, Preston, Lancashire PR2 8AT3
£186K02/230.27 mi34, Ullswater Road, Fulwood, Preston, Lancashire PR2 8AT3
£192K04/230.29 mi10, Marybank Close, Fulwood, Preston, Lancashire PR2 9QW3
£225K04/230.31 mi38, Fulwood Hall Lane, Fulwood, Preston, Lancashire PR2 8DB3
£300K03/230.31 mi39, Sycamore Close, Fulwood, Preston, Lancashire PR2 9NA3
£180K10/210.33 mi347, Watling Street Road, Fulwood, Preston, Lancashire PR2 6XY3
£260K05/230.33 mi353, Watling Street Road, Fulwood, Preston, Lancashire PR2 6XY3
£200K04/230.34 mi3, Allenby Avenue, Fulwood, Preston, Lancashire PR2 8DL3
£198K03/230.36 mi277, Watling Street Road, Fulwood, Preston, Lancashire PR2 8AB3
£252K08/210.36 mi309, Watling Street Road, Fulwood, Preston, Lancashire PR2 8AB3
£49.5K03/230.36 mi299, Watling Street Road, Fulwood, Preston, Lancashire PR2 8AB3
£127.5K09/230.37 mi1, Fenton Road, Fulwood, Preston, Lancashire PR2 8AQ3
£172K08/230.37 mi8, Brookfield Avenue, Fulwood, Preston, Lancashire PR2 6XR3
£139K06/210.37 mi8, Brookfield Avenue, Fulwood, Preston, Lancashire PR2 6XR3
£200K05/210.38 mi1, Carleton Avenue, Fulwood, Preston, Lancashire PR2 6YA3
£235K12/210.4 mi11a, Lavender Close, Fulwood, Preston, Lancashire PR2 9RA3
£210K03/210.4 mi7, Lavender Close, Fulwood, Preston, Lancashire PR2 9RA3
£228K11/200.43 mi9, Almond Close, Fulwood, Preston, Lancashire PR2 9PZ3
£130K08/210.45 mi113, Manor House Lane, Preston, Lancashire PR1 6HP3
£105.5K02/210.45 mi127, Manor House Lane, Preston, Lancashire PR1 6HP3
£182K01/210.45 mi85, Cromwell Road, Ribbleton, Preston, Lancashire PR2 6YE3
£262.5K01/210.47 mi161, Victoria Road, Fulwood, Preston, Lancashire PR2 8AJ3
£225K03/230.47 mi159, Victoria Road, Fulwood, Preston, Lancashire PR2 8AJ3
£122K12/200.48 mi8, Newby Place, Ribbleton, Preston, Lancashire PR2 6UP3
£219K03/210.48 mi14, Peachtree Close, Fulwood, Preston, Lancashire PR2 9NR3
£290K12/200.5 mi7, Devonshire Road, Fulwood, Preston, Lancashire PR2 8BU3
£180K12/210.5 mi82, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£167.5K04/210.5 mi76, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£163K11/200.5 mi56, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£135K11/200.5 mi95, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£168K06/230.5 mi7, Neapsands Close, Fulwood, Preston, Lancashire PR2 9AQ3
£206K11/200.51 mi1, Wookey Close, Fulwood, Preston, Lancashire PR2 9HE3
£185K07/230.51 mi9, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£144K12/200.51 mi57, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£132K05/210.51 mi49, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£227.5K06/230.51 mi48, Kennington Road, Fulwood, Preston, Lancashire PR2 8BT3
£270K07/230.51 mi42, Kennington Road, Fulwood, Preston, Lancashire PR2 8BT3
£146K01/230.51 mi41, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£112K11/200.51 mi134, Holme Slack Lane, Preston, Lancashire PR1 6HB3
£202.5K03/210.52 mi6, Cheddar Drive, Fulwood, Preston, Lancashire PR2 9HA3
£195K12/200.52 mi15, Cheddar Drive, Fulwood, Preston, Lancashire PR2 9HA3
£148K02/230.53 mi439, Watling Street Road, Ribbleton, Preston, Lancashire PR2 6TY3
£125K05/230.54 mi37, Rose Lane, Preston, Lancashire PR1 6HH3
£121K10/210.55 mi366, Watling Street Road, Ribbleton, Preston, Lancashire PR2 6UA3
£225K01/210.56 mi15, Burrington Close, Fulwood, Preston, Lancashire PR2 9HW3
£133K03/210.56 mi59, Ramsey Avenue, Preston, Lancashire PR1 6EN3
£161.5K06/210.57 mi37, Westfield Drive, Ribbleton, Preston, Lancashire PR2 6TH3

Local Rents

12 rents from £800/mo to £1.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£90012/240.21 mi-3
£1,20001/250.25 mi-3
£1,00012/240.36 mi-3
£1,19504/250.41 mi-3
£90006/240.55 mi-3
£1,20004/250.56 mi-3
£1,10006/240.56 mi-3
£1,10006/240.56 mi-3
£1,20012/240.56 mi-3
£1,20012/240.58 mi-3
£80007/240.6 miFairfield Road, Fulwood3
£90006/240.62 miRedsands Drive, Ashton-On-Ribble, Preston3

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

1.03 miles away

Nearest school

0.40 miles away

Nearest train station

2.11 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Price changed to £180,000

March 20, 2025

Price changed to £190,000

February 24, 2025

Listed for £200,000

November 26, 2024

Floor Plans

Description

  • OPEN DAY, SATURDAY THE 5TH OF ARPIL, BY APPOINTMENT ONLY +
  • QUIET RESIDENTIAL AREA +
  • OPEN PLAN KITCHEN/ DINING AREA +
  • CONSERVATORY TO THE REAR +
  • OFF ROAD PARKING ON DRIVEWAY AND GARAGE +
  • WELL PRESENTED PRIVATE GARDEN +
  • NO CHAIN DELAY +

*OPEN DAY, SATURDAY THE 5TH OF ARPIL, BY APPOINTMENT ONLY*

This three bedroom bungalow is sold with no onward chain, located in a sought after location in PR2 early viewing is advisable. With off road parking on a spacious driveway and a detached garage for additional storage there is plenty of parking for all your vehicles. A bright front facing lounge is the perfect place to relax and also gives access to the first floor where the converted bedroom comes with fitted storage. On the ground floor there are two bedrooms, with the potential for one to be converted in to a study if the new owners wished. A three piece family bathroom suite complete with walk in shower is ideal for convenience. To the rear of the home the open plan kitchen/ dining area is well presented and gives access to the rear facing conservatory overlooking the garden. This home is situated on an excellent plot with manicured gardens. The home also benefits from a newly fitted boiler and a recent rewire. Sold with no onward chain it is not expected to be on the market for long so get your viewing booked in today. Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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