2 Bed Flat, Single Let, Preston, PR5 4HY, £95,000

Holland House Road, Preston, PR5 4HY - 4 months ago

Leasehold
BTL
ROI: 7%
~68 m²
+15 photos

ValuationUndervalued

Sold Prices£90K - £152K
Sold Prices/m²£1.3K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.4K/m²

Value Estimate

£114,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Total Cash In

£29,700

 

 

Cash Out

 

Rent Range

£675 - £900

Rent Estimate

£625

Running Costs/mo

£442

Cashflow/mo

£183

Cashflow/yr

£2,198

ROI

7%

Gross Yield

8%

Local Sold Prices

29 sold prices from £90K to £152K, average is £108K. £1.3K/m² to £5.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£108K05/220 mi188, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£100K09/210 mi198, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£110K04/210 mi206, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£102K07/220.04 mi182, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£108K03/220.04 mi184, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£128K05/230.05 mi86, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£131K05/230.05 mi86a, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£115K05/230.16 mi52, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX2
£104K06/210.2 mi7, Halliwell Heights, Walton Le Dale, Preston, Lancashire PR5 4NT2
£152K07/230.22 mi18, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£116K09/220.22 mi22, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£150K09/220.22 mi14, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£120K10/200.72 mi10, Dean Court, Bamber Bridge, Preston, Lancashire PR5 6TF2
£120K10/220.78 mi6, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£100K02/210.78 mi8, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£122.5K08/220.78 mi11, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£105K06/230.78 mi4, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£107K07/220.78 mi5, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£110K07/220.83 mi33, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£98K04/210.86 mi24, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£115K12/220.86 mi29, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£107K01/230.86 mi60, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£105K04/220.86 mi32, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£120K04/230.86 mi2, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£106K07/230.86 mi47, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£90K08/220.86 mi37, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£100K08/210.88 mi1, Grove Street, Bamber Bridge, Preston, Lancashire PR5 6LN2
£100K08/210.88 mi1, Grove Street, Bamber Bridge, Preston, Lancashire PR5 6LN2
£130K06/230.94 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2

Local Rents

12 rents from £675/mo to £900/mo, average is £823/mo.

RentDateDistanceAddressBeds 
£70012/240 miHolland House Way, Bamber Bridge2
£69512/240.05 miHolland House Road, Walton-le-dale, Preston2
£85001/250.26 mi-2
£67506/240.39 miCottage Lane, Bamber Bridge, PR52
£79512/240.43 miSkipton Close, Bamber Bridge2
£90012/240.44 miDuddle Lane, Walton-Le-Dale, Preston, PR52
£89506/240.46 miChatsworth Road, Walton-le-Dale, Preston, Lancashire, PR52
£85012/240.48 mi-2
£85012/240.48 mi-2
£85002/240.52 mi-2
£79512/240.53 mi-2
£70001/250.58 mi-2

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.25 miles away

Nearest school

0.30 miles away

Nearest train station

0.94 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £95,000

April 5, 2025

Price changed to £86,000

April 1, 2025

Price changed to £88,000

March 24, 2025

Price changed to £90,000

March 16, 2025

Price changed to £92,000

February 28, 2025

Price changed to £94,000

February 12, 2025

Price changed to £96,000

January 23, 2025

Price changed to £100,000

January 6, 2025

Listed for £105,000

December 18, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Spacious Lounge +
  • Easy Access to Local Amenities +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 bedroom flat located in Preston. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, lounge, kitchen and bathroom.

Investment details

It currently produces an annual gross income of £7,500 which could be increased by the new owner to a market rate of £8,616 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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