2 Bed Flat, Single Let, Preston, PR5 6SU, £105,000

Firbank, Bamber Bridge, Preston, Lancashire, PR5 6SU - 4 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~64 m²
+8 photos

ValuationUndervalued

Sold Prices£80K - £160.3K
Sold Prices/m²£1.3K/m² - £5.8K/m²

 

 

Square Metres

~63.70 m²
Price/m²£1.6K/m²

Value Estimate

£115,622
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£6,450

Total Cash In

£32,700

 

 

Cash Out

 

Rent Range

£625 - £900

Rent Estimate

£647

Running Costs/mo

£478

Cashflow/mo

£169

Cashflow/yr

£2,034

ROI

6%

Gross Yield

7%

Local Sold Prices

35 sold prices from £80K to £160.3K, average is £108K. £1.3K/m² to £5.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£98K04/210 mi24, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£115K12/220 mi29, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£107K01/230 mi60, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£105K04/220 mi32, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£120K04/230 mi2, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£106K07/230 mi47, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£90K08/220 mi37, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£110K07/220.04 mi33, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£107K07/220.1 mi5, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£120K10/220.1 mi6, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£100K02/210.1 mi8, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£122.5K08/220.1 mi11, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£105K06/230.1 mi4, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£120K10/200.18 mi10, Dean Court, Bamber Bridge, Preston, Lancashire PR5 6TF2
£135K03/210.42 mi17, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£100K08/210.43 mi1, Grove Street, Bamber Bridge, Preston, Lancashire PR5 6LN2
£100K08/210.43 mi1, Grove Street, Bamber Bridge, Preston, Lancashire PR5 6LN2
£83K06/220.43 mi27, Duke Street, Bamber Bridge, Preston, Lancashire PR5 6ET2
£160.3K10/210.54 mi3, Bridge End, Lostock Hall, Preston, Lancashire PR5 5YH2
£80K11/220.82 mi4, St James Court, Lostock Hall, Preston, Lancashire PR5 5QY2
£105K07/210.84 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/230.84 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/200.84 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£108K05/220.86 mi188, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£100K09/210.86 mi198, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£110K04/210.86 mi206, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£128K05/230.87 mi86, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£131K05/230.87 mi86a, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£152K07/230.89 mi18, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£116K09/220.89 mi22, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£150K09/220.89 mi14, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£115K05/230.9 mi52, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX2
£102K07/220.9 mi182, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£108K03/220.91 mi184, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£104K06/210.92 mi7, Halliwell Heights, Walton Le Dale, Preston, Lancashire PR5 4NT2

Local Rents

16 rents from £625/mo to £900/mo, average is £785/mo.

RentDateDistanceAddressBeds 
£77506/240.07 mi-2
£85002/240.08 mi-2
£80012/240.08 mi-2
£89512/240.08 mi-2
£77501/250.1 mi-2
£75006/240.25 miSt Marys Road, Bamber Bridge, Preston2
£80006/240.31 mi-2
£85002/240.42 mi-2
£65012/240.44 mi-2
£62506/240.48 miStation Road, PR52
£90012/240.48 miDuddle Lane, Walton-Le-Dale, Preston, PR52
£72512/240.5 mi-2
£62506/240.54 miStation Road, Bamber Bridge, Preston PR52
£85006/240.54 miBridge End, PR52
£79512/240.55 miSkipton Close, Bamber Bridge2
£70001/250.56 mi-2

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.88 miles away

Nearest school

0.20 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £105,000

March 12, 2025

Listed for £110,000

December 20, 2024

Floor Plans

Description

  • Two Double Bedrooms +
  • Master En - Suite +
  • Ground Floor +
  • Allocated Parking Space +
  • Close to Local Amenities and Transport Links +
  • Ideal for First Time Buyers or Investment +

Spacious two-bedroom apartment, situated within easy reach of local amenities and transport links this property would make a fantastic first-time purchase for someone looking to get on the property ladder or potential landlords looking for a brilliant investment opportunity.

The accommodation briefly comprises of; entrance hallway, modern kitchen, good sized lounge with bay window letting plenty of natural light in, good sized master bedroom with en – suite bathroom, good sized second double bedroom and modern bathroom suite.

The property also benefits from allocated parking space right outside the apartment entrance, visitor parking and double glazed windows throughout.

Viewing is highly recommended

*Please note: The external photograph is of the apartment block and not the individual apartment*

Agent Details

Bridgfords, Bamber Bridge

01772 211266

Next Steps?

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