4 Bed Terraced House, Refurb/BRRR, Preston, PR5 4QD, £230,000

Allerton Road, Walton-le-Dale, Preston, Lancashire, PR5 4QD - 1 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~84 m²
+11 photos

ValuationOvervalued

Sold Prices£163K - £518K
Sold Prices/m²£1.6K/m² - £4.2K/m²

 

 

Square Metres

~83.71 m²
Price/m²£2.7K/m²

Value Estimate

£206,643

 

 

End Value (After Refurb)

£220,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£14,800

Refurb Costs

£35,490

Bridging Loan Interest

£6,038

Total Cash In

£115,577

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£220,000

Mortgage (After Refinance)

£165,000

Mortgage LTV

75%

Cash Left In

£115,577

Equity

£55,000

Rent Range

£694 - £3,940

Rent Estimate

£1,424

Running Costs/mo

£992

Cashflow/mo

£432

Cashflow/yr

£5,180

ROI

4%

Gross Yield

7%

Local Sold Prices

47 sold prices from £163K to £518K, average is £295K. £1.6K/m² to £4.2K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£163K12/200.09 mi9, Regent Road, Walton Le Dale, Preston, Lancashire PR5 4QA4
£185K07/230.16 mi2, Balmoral Road, Walton Le Dale, Preston, Lancashire PR5 4GN4
£310K06/230.16 mi9, Ambleway, Walton Le Dale, Preston, Lancashire PR5 4JF4
£290K11/200.26 mi54, Hampshire Road, Walton Le Dale, Preston, Lancashire PR5 4NH4
£217.5K05/210.28 mi22, Hunters Lodge, Walton Le Dale, Preston, Lancashire PR5 4PL4
£318K11/220.31 mi85, Hampshire Road, Walton Le Dale, Preston, Lancashire PR5 4NJ4
£373K02/230.35 mi1, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JH4
£220K08/230.37 mi11, Kilngate, Lostock Hall, Preston, Lancashire PR5 5UW4
£280K09/210.38 mi17, Devonport Close, Walton Le Dale, Preston, Lancashire PR5 4LW4
£340K11/220.38 mi32, Devonport Close, Walton Le Dale, Preston, Lancashire PR5 4LW4
£272K01/230.39 mi19, Devonport Close, Walton Le Dale, Preston, Lancashire PR5 4LW4
£187K11/200.42 mi58, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG4
£171.3K03/210.47 mi166, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY4
£220K01/230.49 mi100, Duddle Lane, Walton Le Dale, Preston, Lancashire PR5 4TA4
£278K05/210.54 mi18, High Meadow, Walton Le Dale, Preston, Lancashire PR5 4WR4
£415K11/220.54 mi32, High Meadow, Walton Le Dale, Preston, Lancashire PR5 4WR4
£329.9K12/220.54 mi6, High Meadow, Walton Le Dale, Preston, Lancashire PR5 4WR4
£240K02/210.54 mi22, High Meadow, Walton Le Dale, Preston, Lancashire PR5 4WR4
£295K01/210.55 mi3, Badgers Way, Lostock Hall, Preston, Lancashire PR5 5QU4
£280K04/230.56 mi8, Renshaw Drive, Walton Le Dale, Preston, Lancashire PR5 4RA4
£302.5K06/210.56 mi61, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JH4
£385K07/230.57 mi6, Ennerdale Drive, Walton Le Dale, Preston, Lancashire PR5 4BX4
£390K12/220.59 mi26, Elmsett Road, Walton Le Dale, Preston, Lancashire PR5 4JW4
£325K11/200.6 mi21, Bellis Way, Walton Le Dale, Preston, Lancashire PR5 4NS4
£391K01/230.6 mi41, Bellis Way, Walton Le Dale, Preston, Lancashire PR5 4NS4
£217K09/210.61 mi68, Walnutwood Avenue, Bamber Bridge, Preston, Lancashire PR5 6DS4
£330K09/210.63 mi10, Carrwood Way, Walton Le Dale, Preston, Lancashire PR5 4NR4
£330K03/210.63 mi8, Carrwood Way, Walton Le Dale, Preston, Lancashire PR5 4NR4
£370K03/230.63 mi6, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX4
£255K02/210.63 mi146, Higher Walton Road, Walton Le Dale, Preston, Lancashire PR5 4HR4
£425K05/210.64 mi45, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX4
£302.5K11/200.65 mi40, Clough Avenue, Walton Le Dale, Preston, Lancashire PR5 4LQ4
£280.5K02/230.65 mi32, Clough Avenue, Walton Le Dale, Preston, Lancashire PR5 4LQ4
£260K06/230.66 mi34, Duddle Lane, Walton Le Dale, Preston, Lancashire PR5 4UD4
£290K03/210.66 mi39, The Oaks, Walton Le Dale, Preston, Lancashire PR5 4LT4
£355K10/230.68 mi12, Simmons Avenue, Walton-le-dale, Preston, Lancashire PR5 4LX4
£330K02/230.69 mi24, Danesway, Walton Le Dale, Preston, Lancashire PR5 4UQ4
£314K12/200.71 mi3, The Vale, Walton Le Dale, Preston, Lancashire PR5 4NW4
£178K04/210.79 mi46, Fourfields, Bamber Bridge, Preston, Lancashire PR5 6GS4
£285K03/210.8 mi17, Springwood Close, Walton Le Dale, Preston, Lancashire PR5 4AF4
£349.9K07/230.8 mi16, Springwood Close, Walton Le Dale, Preston, Lancashire PR5 4AF4
£260K09/210.85 mi22, Medway Close, Lostock Hall, Preston, Lancashire PR5 5AF4
£372K02/210.88 mi1, Loxwood Close, Walton Le Dale, Preston, Lancashire PR5 4NQ4
£505K06/230.88 mi12, Loxwood Close, Walton Le Dale, Preston, Lancashire PR5 4NQ4
£230K02/210.89 mi299, Brownedge Road, Bamber Bridge, Preston, Lancashire PR5 6UU4
£518K06/210.92 mi46, Todd Lane North, Lostock Hall, Preston, Lancashire PR5 5US4
£282K04/230.95 mi6, Brampton Drive, Bamber Bridge, Preston, Lancashire PR5 6SH4

Local Rents

25 rents from £694/mo to £3.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25012/240.07 miCinnamon Hill Drive North, Walton-le-Dale, Preston, PR54
£85006/240.35 miKilngate, Lostock Hall, Preston3
£90012/240.47 miHolland House Road, Walton Le Dale3
£1,49512/240.47 mi-4
£97506/240.63 miFareham Close, Walton-le-Dale, Preston, PR53
£72512/240.65 mi-3
£1,50012/240.68 miTodd Lane North, Lostock Hall3
£1,30006/240.69 miSimmons Avenue, Preston4
£2,30006/240.9 miAshdale Crescent, Penwortham5
£82512/240.91 miJames Street, Bamber Bridge, Preston3
£89506/240.92 miCollins Road, Bamber Bridge3
£1,00012/240.95 miBrampton Drive, Bamber Bridge3
£1,25006/240.95 miElmtree Avenue, Penwortham, Preston3
£1,10006/240.97 miGarforth Crescent,Bamber Bridge,PR5 6SS ***PETS WELCOME***3
£95008/241.02 miFrenchwood Avenue, Preston, PR13
£80006/241.05 miBrixton Road, Preston, PR13
£69408/241.08 mi-3
£1,20009/241.09 mi-4
£1,00004/251.1 mi-3
£1,35010/231.17 miCromwell Way, Penwortham, Preston PR14
£3,91307/241.21 miAvenham Terrace, Preston7
£2,70807/241.21 miAvenham Terrace, Preston5
£3,94007/241.21 miAvenham Terrace, Preston, Lancashire, PR17
£2,50007/241.21 miAvenham Road, Preston, Lancashire, PR15
£80006/241.24 miCambridge Road, Bamber Bridge3

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

1.97 miles away

Nearest school

0.30 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £230,000

November 29, 2024

Floor Plans

Description

  • Fantastic retail unit/rental opportunity +
  • Ground floor retail space +
  • First first two bedroom apartment +
  • Walton Le Dale +
  • Early viewing essential +

Fantastic business opportunity. Ground floor retail premises and first floor apartment which is in a rentable condition and ready to go. The ground floor premises could be converted into an apartment to generate further rental income.

The first floor apartment has its own garden and comprises a large open plan kitchen dining lounge, two double bedrooms and a family bathroom with an en-suite facility to the master bedroom. The retail unit comprises of four rooms, a kitchen and WC facility.

Viewing is highly recommended to appreciate the space on offer for sale and the potential of further renovations.

Agent Details

Bridgfords, Bamber Bridge

01772 211266

Next Steps?

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