2 Bed Terraced House, Planning Permission, Preston, PR5 4DR, £120,000

Bridge Street, Preston, PR5 4DR - 1 views - 4 months ago

Sold STC
Planning
ROI: 4%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£62.5K - £265K
Sold Prices/m²£976/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£122,400

 

 

End Value (After Refurb)

£128,028

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£28,876

Bridging Loan Interest

£3,150

Total Cash In

£70,976

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£128,028

Mortgage (After Refinance)

£96,021

Mortgage LTV

75%

Cash Released

£6,021

Cash Left In

£64,955

Equity

£32,007

Rent Range

£675 - £975

Rent Estimate

£803

Running Costs/mo

£581

Cashflow/mo

£222

Cashflow/yr

£2,668

ROI

4%

Gross Yield

8%

Local Sold Prices

39 sold prices from £62.5K to £265K, average is £121K. £976/m² to £3.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£110K11/200 mi9, Bridge Street, Higher Walton, Preston, Lancashire PR5 4DR2
£135K11/210.02 mi7, Lark Hill, Higher Walton, Preston, Lancashire PR5 4DS2
£118K01/230.03 mi28, Brook Street, Higher Walton, Preston, Lancashire PR5 4DU2
£97.5K04/210.03 mi20, Brook Street, Higher Walton, Preston, Lancashire PR5 4DU2
£85K07/230.03 mi6, Brook Street, Higher Walton, Preston, Lancashire PR5 4DU2
£129K08/230.03 mi15, Albert Terrace, Higher Walton, Preston, Lancashire PR5 4DT2
£82.5K06/210.04 mi27, Kittlingbourne Brow, Higher Walton, Preston, Lancashire PR5 4DN2
£120K03/210.04 mi35, Kittlingbourne Brow, Higher Walton, Preston, Lancashire PR5 4DN2
£135K03/230.04 mi35, Kittlingbourne Brow, Higher Walton, Preston, Lancashire PR5 4DN2
£125K12/220.06 mi6, Church Street, Higher Walton, Preston, Lancashire PR5 4DX2
£140K07/210.08 mi40a, Church Terrace, Higher Walton, Preston, Lancashire PR5 4DY2
£62.5K10/200.08 mi25, Church Terrace, Higher Walton, Preston, Lancashire PR5 4DY2
£95K11/210.13 mi55, Kittlingbourne Brow, Higher Walton, Preston, Lancashire PR5 4DP2
£210K06/230.2 mi9, Rosewood Drive, Higher Walton, Preston, Lancashire PR5 4ER2
£121K01/230.2 mi343, Higher Walton Road, Higher Walton, Preston, Lancashire PR5 4HU2
£147K03/210.37 mi96, Hoghton Lane, Higher Walton, Preston, Lancashire PR5 4ED2
£90K01/230.67 mi5, Charnley Fold Lane, Bamber Bridge, Preston, Lancashire PR5 6QJ2
£137.5K10/200.77 mi8, Holland House Court, Walton Le Dale, Preston, Lancashire PR5 4HZ2
£108K08/230.78 mi18, Brandiforth Street, Bamber Bridge, Preston, Lancashire PR5 6GA2
£123K01/230.79 mi25, Brandiforth Street, Bamber Bridge, Preston, Lancashire PR5 6QA2
£102K01/230.79 mi43, Brandiforth Street, Bamber Bridge, Preston, Lancashire PR5 6QA2
£92.3K10/200.79 mi48, Brandiforth Street, Bamber Bridge, Preston, Lancashire PR5 6GA2
£112K08/210.8 mi82, Collins Road, Bamber Bridge, Preston, Lancashire PR5 6GU2
£156K10/210.81 mi158, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£106K06/230.81 mi192, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£158K02/230.85 mi43, Grange Drive, Hoghton, Preston, Lancashire PR5 0LP2
£205K11/220.86 mi75, Withy Trees Avenue, Bamber Bridge, Preston, Lancashire PR5 6NU2
£109K05/210.87 mi18, St Aidans Park, Bamber Bridge, Preston, Lancashire PR5 6HG2
£118K07/210.87 mi8, St Aidans Park, Bamber Bridge, Preston, Lancashire PR5 6HG2
£115K12/210.87 mi14, Skipton Close, Bamber Bridge, Preston, Lancashire PR5 6HF2
£107.5K05/210.87 mi4, Skipton Close, Bamber Bridge, Preston, Lancashire PR5 6HF2
£180K01/210.88 mi8, Lowick Close, Hoghton, Preston, Lancashire PR5 0HH2
£137.5K10/230.9 mi1, Conway Court, Hoghton, Preston, Lancashire PR5 0EP2
£265K10/200.95 mi49, Coupe Green, Hoghton, Preston, Lancashire PR5 0JR2
£137K03/230.96 mi1, St Patricks Place, Walton Le Dale, Preston, Lancashire PR5 4HN2
£80K01/210.97 mi18, Station Road, Bamber Bridge, Preston, Lancashire PR5 6QL2
£200K06/210.97 mi5, Withy Trees Close, Bamber Bridge, Preston, Lancashire PR5 6WT2
£240K06/230.98 mi1, Lydric Avenue, Hoghton, Preston, Lancashire PR5 0JU2
£209.9K08/230.99 mi20, Renshaw Drive, Walton Le Dale, Preston, Lancashire PR5 4RA2

Local Rents

22 rents from £675/mo to £975/mo, average is £798/mo.

RentDateDistanceAddressBeds 
£75012/240.02 miLark Hill, Higher Walton2
£69502/250.03 mi-2
£67512/240.04 miAlbert Terrace Higher Walton PR5 4DT2
£82506/240.04 miKittlingbourne Brow, Higher Walton, Preston2
£70012/240.05 miKIttlingbourne Brow, Higher Walton, Preston, PR52
£67506/240.56 miCottage Lane, Bamber Bridge, PR52
£70012/240.81 miHolland House Way, Bamber Bridge2
£87512/240.85 miGrange Drive, Hoghton, Preston, Lancashire, PR52
£69512/240.85 miHolland House Road, Walton-le-dale, Preston2
£79512/240.87 miSkipton Close, Bamber Bridge2
£70001/250.87 mi-2
£97503/250.87 mi-2
£97503/250.87 mi-2
£90006/240.88 miLowick Close, Hoghton, Preston, PR52
£92506/240.94 miAldersleigh Crescent, Hoghton, Preston, PR52
£85002/241 mi-2
£79510/231.06 miAlma Row, Preston, Lancashire, PR52
£85001/251.07 mi-2
£80006/241.13 mi-2
£85006/241.18 miArrowsmith Drive, Hoghton2
£90012/241.18 miDuddle Lane, Walton-Le-Dale, Preston, PR52
£75006/241.19 miSt Marys Road, Bamber Bridge, Preston2

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.69 miles away

Nearest school

0.30 miles away

Nearest train station

1.26 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £120,000

January 31, 2025

Listed for £125,000

December 9, 2024

Floor Plans

Description

  • End Of Terrace Two Bedroom House +
  • Local Amenities, Public Transport & Motorway Links +
  • Key Turn Ready Property +
  • Excellent First Time Buy Or Investment +
  • Modern Kitchen/Dining +
  • Well Proportioned Bedrooms +
  • Impressive Sized Low Maintenance Garden +

The Property
*NO CHAIN*

Fantastic opportunity to purchase this end of terrace Two bedroom house situated in a sought after location of Higher Walton, Preston. The property benefits from excellent local amenities, public transport links & motorway networks nearby.

Excellent purchase as a first time or investment.

The property briefly at a glance consists of; Entrance porch, Lounge, Kitchen/Diner, Two well proportioned bedrooms & a Three piece family bathroom.
Externally, we have low maintenance side garden with street access and gets the sun throughout the day. Scope for potential extension with planning permission.

The property benefits from UPVC double glazing & Gas central heating throughout.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Preston

020 3834 8192

Next Steps?

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