3 Bed Terraced House, Refurb/BRRR, Preston, PR2 1NN, £140,000

Marton Road, Preston, Lancashire, PR2 1NN - 11 views - 4 months ago

Sold STC
Motivated
Refurb/BRRR
ROI: 4%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£80K - £335K
Sold Prices/m²£727/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£154,500
BMV3%

 

 

End Value (After Refurb)

£139,018

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£39,357

Bridging Loan Interest

£3,675

Total Cash In

£85,482

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£139,018

Mortgage (After Refinance)

£104,263

Mortgage LTV

75%

Cash Left In

£85,482

Equity

£34,754

Rent Range

£800 - £1,500

Rent Estimate

£948

Running Costs/mo

£644

Cashflow/mo

£304

Cashflow/yr

£3,648

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £80K to £335K, average is £153.8K. £727/m² to £3.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£157.5K06/230 mi16, Marton Road, Ashton On Ribble, Preston, Lancashire PR2 1NN3
£110K06/210.03 mi59, Staining Avenue, Ashton On Ribble, Preston, Lancashire PR2 1NL3
£165K04/230.03 mi19, Staining Avenue, Ashton On Ribble, Preston, Lancashire PR2 1NL3
£158K01/230.05 mi34, Larches Lane, Ashton On Ribble, Preston, Lancashire PR2 1NJ3
£120K12/200.05 mi40, Larches Lane, Ashton On Ribble, Preston, Lancashire PR2 1NJ3
£240K01/210.17 mi40, Whinfield Lane, Ashton On Ribble, Preston, Lancashire PR2 1NQ3
£140K03/230.21 mi13, Norcross Place, Ashton On Ribble, Preston, Lancashire PR2 1LP3
£97K11/200.23 mi39, Larches Lane, Ashton On Ribble, Preston, Lancashire PR2 1PN3
£108K12/200.24 mi12, Roseacre Place, Ashton On Ribble, Preston, Lancashire PR2 1ND3
£119K07/210.26 mi40, Ryelands Crescent, Ashton On Ribble, Preston, Lancashire PR2 1PY3
£122K04/230.3 mi60, Starrgate Drive, Ashton On Ribble, Preston, Lancashire PR2 1NA3
£135K05/230.31 mi1, Forton Road, Ashton On Ribble, Preston, Lancashire PR2 1QD3
£122K07/230.35 mi693, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1XH3
£101K05/210.35 mi765, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1XH3
£202K09/210.38 mi621, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1LH3
£80K08/230.38 mi671, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1LH3
£148K05/230.4 mi70, Layton Road, Ashton On Ribble, Preston, Lancashire PR2 1PU3
£132K02/210.4 mi70, Layton Road, Ashton On Ribble, Preston, Lancashire PR2 1PU3
£135K02/210.4 mi86, Layton Road, Ashton On Ribble, Preston, Lancashire PR2 1PU3
£152.5K05/230.4 mi61, Layton Road, Ashton On Ribble, Preston, Lancashire PR2 1PU3
£156.5K08/210.41 mi59, Ashton Bank Way, Preston, Lancashire PR2 1BZ3
£158K10/210.41 mi61, Ashton Bank Way, Preston, Lancashire PR2 1BZ3
£155K11/210.41 mi159, Ashton Bank Way, Ashton On Ribble, Preston, Lancashire PR2 1BZ3
£160K03/230.42 mi3, The Ploughlands, Ashton On Ribble, Preston, Lancashire PR2 1QW3
£157.5K07/210.43 mi46, Aldwych Drive, Ashton On Ribble, Preston, Lancashire PR2 1SL3
£133K07/230.43 mi21, Birkdale Drive, Ashton On Ribble, Preston, Lancashire PR2 1UL3
£140K08/230.43 mi5, Birkdale Drive, Ashton On Ribble, Preston, Lancashire PR2 1UL3
£112K08/210.43 mi31, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1UH3
£148K06/210.46 mi4, Westerlong, Lea, Preston, Lancashire PR2 1PH3
£142.3K06/230.48 mi1, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1UH3
£240K03/230.5 mi5, Aldwych Drive, Ashton On Ribble, Preston, Lancashire PR2 1SJ3
£228K07/210.5 mi580a, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1JA3
£335K10/230.51 mi15, Mulgrave Avenue, Ashton On Ribble, Preston, Lancashire PR2 1HJ3
£210K12/220.52 mi40, Finney Park Drive, Lea, Preston, Lancashire PR2 1QZ3
£225K08/230.52 mi10, Kingsway, Ashton On Ribble, Preston, Lancashire PR2 1SP3
£232K07/230.53 mi101, Powis Road, Ashton On Ribble, Preston, Lancashire PR2 1AE3
£148K06/210.53 mi32, Thorntrees Avenue, Lea, Preston, Lancashire PR2 1PJ3
£122K04/230.53 mi30, Thorntrees Avenue, Lea, Preston, Lancashire PR2 1PJ3
£157K04/210.53 mi15, Finney Park Drive, Lea, Preston, Lancashire PR2 1QZ3
£165K12/200.53 mi25, Finney Park Drive, Lea, Preston, Lancashire PR2 1QZ3
£213K12/200.54 mi58, Clifton Avenue, Ashton On Ribble, Preston, Lancashire PR2 1SQ3
£178K03/210.55 mi54, Elm Avenue, Ashton On Ribble, Preston, Lancashire PR2 1SS3
£250K02/210.56 mi25, Abingdon Drive, Ashton On Ribble, Preston, Lancashire PR2 1EY3
£235K10/210.56 mi44, Abingdon Drive, Ashton On Ribble, Preston, Lancashire PR2 1EY3
£208.5K02/210.56 mi16, Lea Road, Lea, Preston, Lancashire PR2 1TN3
£129K05/210.57 mi2, Luton Road, Ashton On Ribble, Preston, Lancashire PR2 1UT3
£105K11/200.58 mi57, Ainsdale Drive, Ashton On Ribble, Preston, Lancashire PR2 1TU3
£175K02/210.58 mi13, Lime Grove, Ashton On Ribble, Preston, Lancashire PR2 1SZ3
£130K05/230.6 mi4, The Avenue, Lea, Preston, Lancashire PR2 1RS3
£220K02/210.6 mi42, Victoria Quay, Ashton On Ribble, Preston, Lancashire PR2 2YW3

Local Rents

17 rents from £800/mo to £1.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95007/240.02 mi-3
£95007/240.02 miMarton Road, Ashton-On-Ribble, Preston, PR23
£95006/240.17 miWhinfield Lane, Ashton On Ribble, Preston, PR23
£85012/240.22 mi-3
£90003/250.25 mi-3
£85012/240.34 mi-3
£85012/240.34 miPreesall Close, Ashton-On-Ribble, Preston, PR23
£99507/240.38 miMaritime Way, Ashton-On-Ribble, Lancashire, PR23
£1,50002/250.38 mi-3
£85006/240.4 miLayton Road, Preston, Lancashire, PR23
£95006/240.43 miPrinces Reach, Ashton-on-Ribble3
£1,35012/240.43 miPrinces Reach, Ashton-on-ribble3
£90006/240.47 miPrinces Reach, Ashton-On-Ribble, Preston3
£90012/240.55 miElm Avenue, Ashton-on-Ribble, Preston, PR23
£1,10007/240.59 miNavigation Way, Ashton-on-ribble3
£97506/240.6 miVictoria Quay, Ashton-on-Ribble, Preston, Lancashire, PR23
£80007/240.6 mi-3

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

2.44 miles away

Nearest school

0.30 miles away

Nearest train station

1.81 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Price changed to £140,000

January 3, 2025

Price changed to £145,000

December 24, 2024

Listed for £150,000

December 11, 2024

Floor Plans

Description

  • Freehold, Council Tax Band B +
  • Ideal For First Time Buyers / Investors +
  • No Chain In Need Of Some TLC +
  • Three Bedrooms +
  • Prime Location +
  • Close To Local Amenities & Schools +
  • Excellent Road & Transport Links +
  • Large Enclosed Garden +
  • On-Street Parking +
  • Viewing Highly Advised! +

Offering NO CHAIN, this property which could benefit from some modernisation features a spacious lounge and 3 bedrooms. Externally you will find a large enclosed garden to the rear.

This three bedroom terraced home is located in Ashton-on-Ribble
with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious open-plan lounge/diner and a fitted kitchen.

To the first floor is an inviting landing area through to two well-proportioned bedrooms and a three-piece bathroom with a tub-shower combination, a hand wash basin and a WC.

Externally, the property benefits from a large enclosed garden to the rear and on-street parking.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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