2 Bed Flat, Single Let, Preston, PR5 4JX, £119,000

Fareham Close, Walton-le-Dale, Preston, PR5 4JX - 3 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 6%
~68 m²
+3 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.7K/m²

Value Estimate

£122,387
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£29,750

Stamp Duty & Legal Fees

£4,770

Total Cash In

£34,520

 

 

Cash Out

 

Rent Range

£675 - £900

Rent Estimate

£696

Running Costs/mo

£531

Cashflow/mo

£165

Cashflow/yr

£1,979

ROI

6%

Gross Yield

7%

Local Sold Prices

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

PriceDateDistanceAddressBeds 
£104K06/210.02 mi7, Halliwell Heights, Walton Le Dale, Preston, Lancashire PR5 4NT2
£115K05/230.03 mi52, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX2
£152K07/230.04 mi18, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£116K09/220.04 mi22, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£150K09/220.04 mi14, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£102K07/220.18 mi182, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£108K03/220.18 mi184, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£108K05/220.19 mi188, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£100K09/210.19 mi198, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£110K04/210.19 mi206, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£128K05/230.23 mi86, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£131K05/230.23 mi86a, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£120K10/200.74 mi10, Dean Court, Bamber Bridge, Preston, Lancashire PR5 6TF2
£120K10/220.81 mi6, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£100K02/210.81 mi8, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£122.5K08/220.81 mi11, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£105K06/230.81 mi4, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£107K07/220.81 mi5, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£100K08/210.83 mi1, Grove Street, Bamber Bridge, Preston, Lancashire PR5 6LN2
£100K08/210.83 mi1, Grove Street, Bamber Bridge, Preston, Lancashire PR5 6LN2
£110K07/220.87 mi33, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£98K04/210.9 mi24, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£115K12/220.9 mi29, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£107K01/230.9 mi60, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£105K04/220.9 mi32, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£120K04/230.9 mi2, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£106K07/230.9 mi47, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£90K08/220.9 mi37, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2

Local Rents

10 rents from £675/mo to £900/mo, average is £748/mo.

RentDateDistanceAddressBeds 
£70012/240.19 miHolland House Way, Bamber Bridge2
£67506/240.23 miCottage Lane, Bamber Bridge, PR52
£69512/240.23 miHolland House Road, Walton-le-dale, Preston2
£79512/240.38 miSkipton Close, Bamber Bridge2
£85001/250.43 mi-2
£70001/250.5 mi-2
£85002/240.51 mi-2
£90012/240.56 miDuddle Lane, Walton-Le-Dale, Preston, PR52
£70012/240.59 miKIttlingbourne Brow, Higher Walton, Preston, PR52
£82506/240.61 miKittlingbourne Brow, Higher Walton, Preston2

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.38 miles away

Nearest school

0.20 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £119,000

January 3, 2025

Floor Plans

Description

  • 2 Bedroom Apartment +
  • Popular location +
  • Please call to arrange your viewing +
  • SINGLE GARAGE +
  • EPC Grade - C +

BEAUTIFUL MODERN AND SPACIOUS FIRST FLOOR FLAT in the popular location of Walton le Dale. Close to transport links, shops and amenities. Two double bedrooms, stunning fitted kitchen and modern bathroom suite and sold with a Garage, make this property highly desirable and a superb investment. Tenure Leasehold, Council Tax Band C, EPC GRADE C.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

BBR200151/2

Agent Details

Reeds Rains, Bamber Bridge

01772 288285

Next Steps?

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