3 Bed Semi-Detached House, Refurb/BRRR, Preston, PR5 5YA, £159,950

Glendale Crescent, Lostock Hall, Preston, PR5 5YA - 1 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+17 photos

ValuationFair Value

Sold Prices£93K - £307K
Sold Prices/m²£939/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£161,550

 

 

End Value (After Refurb)

£201,202

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£5,999

Refurb Costs

£39,428

Bridging Loan Interest

£4,199

Total Cash In

£91,363

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£201,202

Mortgage (After Refinance)

£150,902

Mortgage LTV

75%

Cash Released

£30,939

Cash Left In

£60,424

Equity

£50,301

Rent Range

£695 - £1,500

Rent Estimate

£993

Running Costs/mo

£847

Cashflow/mo

£146

Cashflow/yr

£1,748

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £93K to £307K, average is £164K. £939/m² to £2.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£152.5K06/230.05 mi20, Glendale Crescent, Lostock Hall, Preston, Lancashire PR5 5YA3
£149.9K12/200.08 mi24, Glendale Avenue, Lostock Hall, Preston, Lancashire PR5 5XY3
£241.5K06/230.16 mi2, Highfield Avenue, Lostock Hall, Preston, Lancashire PR5 5UX3
£191K11/200.16 mi9, Highfield Avenue, Lostock Hall, Preston, Lancashire PR5 5UX3
£307K11/210.19 mi91, Todd Lane North, Lostock Hall, Preston, Lancashire PR5 5UP3
£242K03/230.21 mi6, Medway Close, Lostock Hall, Preston, Lancashire PR5 5AF3
£155K11/210.24 mi48, Doodstone Drive, Lostock Hall, Preston, Lancashire PR5 5TX3
£194K02/230.25 mi120, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AE3
£143K05/210.25 mi186, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AJ3
£195K04/230.27 mi2, Linden Close, Lostock Hall, Preston, Lancashire PR5 5BS3
£165K06/210.3 mi90, Wateringpool Lane, Lostock Hall, Preston, Lancashire PR5 5UA3
£170K05/210.3 mi33, Rosemeade Avenue, Lostock Hall, Preston, Lancashire PR5 5XN3
£162.9K11/200.33 mi4, Mossfield Close, Lostock Hall, Preston, Lancashire PR5 5AG3
£125K05/230.33 mi3, Mossfield Close, Lostock Hall, Preston, Lancashire PR5 5AG3
£199.9K12/200.33 mi73, Irongate, Bamber Bridge, Preston, Lancashire PR5 6UY3
£165K04/210.34 mi61, Wateringpool Lane, Lostock Hall, Preston, Lancashire PR5 5AN3
£190K03/230.37 mi20, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX3
£162K10/200.37 mi10, The Boulevard, Walton Le Dale, Preston, Lancashire PR5 4NY3
£162.5K07/210.37 mi5, The Boulevard, Walton Le Dale, Preston, Lancashire PR5 4NY3
£165K04/210.4 mi2, Severn Drive, Walton Le Dale, Preston, Lancashire PR5 4TE3
£106K11/210.4 mi32, Avondale Drive, Lostock Hall, Preston, Lancashire PR5 5BQ3
£197K09/210.4 mi30, Severn Drive, Walton Le Dale, Preston, Lancashire PR5 4TE3
£203K02/230.41 mi25, Carrwood Way, Walton Le Dale, Preston, Lancashire PR5 4NR3
£160K05/230.43 mi5, Ampleforth Drive, Lostock Hall, Preston, Lancashire PR5 5TD3
£200K04/230.43 mi20, St Marys Avenue, Walton Le Dale, Preston, Lancashire PR5 4UE3
£162K06/210.44 mi86, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TL3
£163K04/210.44 mi62, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TL3
£165.5K03/210.44 mi20, St Marys Close, Walton Le Dale, Preston, Lancashire PR5 4UN3
£170K11/200.47 mi38, Bridge Way, Lostock Hall, Preston, Lancashire PR5 5YJ3
£155K12/220.47 mi8, Fern Close, Lostock Hall, Preston, Lancashire PR5 5BU3
£128K11/200.48 mi45, Alpine Avenue, Lostock Hall, Preston, Lancashire PR5 5LG3
£180K01/210.49 mi44, Duddle Lane, Walton Le Dale, Preston, Lancashire PR5 4UD3
£137.5K12/200.5 mi12, Aldwych Drive, Lostock Hall, Preston, Lancashire PR5 5LF3
£205K05/210.5 mi24, Highgale Gardens, Lostock Hall, Preston, Lancashire PR5 5YT3
£263K06/230.51 mi40, The Ferns, Lostock Hall, Preston, Lancashire PR5 5QT3
£260K01/230.51 mi59, The Ferns, Lostock Hall, Preston, Lancashire PR5 5QT3
£147.5K06/230.52 mi43, Lourdes Avenue, Lostock Hall, Preston, Lancashire PR5 5TB3
£163K04/230.52 mi35, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SQ3
£151K12/220.52 mi81, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SQ3
£155K10/210.52 mi87, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SQ3
£186K05/230.53 mi11, Selkirk Drive, Walton Le Dale, Preston, Lancashire PR5 4TJ3
£210K08/230.54 mi6, Badgers Way, Lostock Hall, Preston, Lancashire PR5 5QU3
£124K06/230.54 mi2, Hoghton Street, Lostock Hall, Preston, Lancashire PR5 5RQ3
£190K08/230.54 mi25, Kilngate, Lostock Hall, Preston, Lancashire PR5 5UW3
£106K04/210.54 mi475, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SD3
£140K12/200.54 mi51, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE3
£165K08/230.54 mi6, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE3
£150K03/210.55 mi23b, Victoria Street, Lostock Hall, Preston, Lancashire PR5 5RA3
£150K01/210.55 mi1, Jubilee Road, Lostock Hall, Preston, Lancashire PR5 5RR3
£93K11/200.55 mi434, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5RY3

Local Rents

29 rents from £695/mo to £1.5K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,50012/240.19 miTodd Lane North, Lostock Hall3
£77512/240.5 miWatkin Lane, Lostock Hall, Preston3
£69502/240.54 mi-3
£1,00012/240.58 miBrampton Drive, Bamber Bridge3
£85006/240.59 miKilngate, Lostock Hall, Preston3
£1,10003/250.61 mi-3
£1,25006/240.62 miElmtree Avenue, Penwortham, Preston3
£1,10006/240.63 miGarforth Crescent,Bamber Bridge,PR5 6SS ***PETS WELCOME***3
£75006/240.65 mi-3
£79502/240.66 mi-3
£1,00008/240.74 miLeyland Road, Penwortham3
£1,20009/240.76 mi-3
£1,20012/240.77 miMorland Avenue, Lostock Hall, Preston3
£82512/240.8 miJames Street, Bamber Bridge, Preston3
£89506/240.92 miCollins Road, Bamber Bridge3
£1,20007/240.93 miRookery Drive, Penwortham, Preston3
£77512/240.98 mi-3
£72512/241 mi-3
£80006/241 miCambridge Road, Bamber Bridge3
£95008/241.01 miGreaves Meadow, Penwortham, Preston3
£90012/241.05 miHolland House Road, Walton Le Dale3
£1,15006/241.05 miSpinners Avenue, Bamber Bridge, Preston3
£1,47506/241.05 miSpinners Avenue, Wren Green Bamber Bridge3
£99507/241.07 miGiller Close, Penwortham, Preston, Lancashire, PR13
£1,25003/251.12 mi-3
£1,19512/241.13 mi-3
£97506/241.15 miFareham Close, Walton-le-Dale, Preston, PR53
£85007/241.17 miSycamore Drive, Penwortham, Preston, PR13
£99506/241.24 miHall Road, Penwortham, PR13

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.65 miles away

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £159,950

December 16, 2024

Floor Plans

Description

  • Three Bedrooms +
  • Semi Detached +
  • NO ONWARDS CHAIN +
  • Potential Project Home +
  • Excellent Local Amenities +
  • Must Be Viewed +
  • EPC Rating C +
  • Approx 1241 SQ.FT +

Ben Rose Estate Agents are pleased to present to market this three-bedroom, semi-detached home, located in the heart of Lostock Hall, Lancashire. This property is ideal for those looking for a renovation project or a potential investment opportunity and is offered with NO CHAIN. Situated in a sought-after area, the home is within easy reach of local amenities, including reputable schools, shops, and parks. It benefits from excellent transport links, with Lostock Hall train station and frequent bus routes nearby, while the M6 and M65 motorways provide convenient access to Preston, Blackburn, and beyond.

Stepping into the property, you are welcomed into an entrance hall that leads into the main reception hall, setting the tone for the home’s potential. At the front of the property, you’ll find a spacious lounge featuring a charming fireplace, perfect for cozy evenings. Adjacent to the lounge is the third bedroom, which could serve as a versatile space for a home office or guest room. Towards the rear of the home, the dining room offers a bright and airy setting and provides access to both the conservatory and the kitchen. This floor also includes a separate bathroom and WC for added convenience.

Ascending to the first floor, the home boasts two generously sized double bedrooms, each benefiting from ample fitted storage. From the landing, there is additional access to eaves storage, offering a practical solution for keeping the home clutter-free.

Externally, the property features a driveway at the front that extends alongside the home, providing parking for multiple vehicles and leading to a detached single garage at the rear. The private rear garden is predominantly paved, offering low-maintenance outdoor space with potential for further landscaping or development.

This home presents an exciting opportunity to create a personalized space in a fantastic location and is ideal for first-time buyers or investors looking to take advantage of its potential

Agent Details

Ben Rose, Bamber Bridge

01789 335881

Next Steps?

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