2 Bed Flat, Single Let, Preston, PR1 3NR, £150,000

Cannon Street, Preston, PR1 3NR - 3 views - 3 months ago

Leasehold
BTL
ROI: 2%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£50K - £250K
Sold Prices/m²£1.1K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£124,669

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Rent Range

£650 - £2,000

Rent Estimate

£700

Running Costs/mo

£629

Cashflow/mo

£71

Cashflow/yr

£855

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £50K to £250K, average is £98.5K. £1.1K/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£50K07/230.18 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.18 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£82K05/230.3 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.3 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.3 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£81K12/220.3 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£79.5K04/210.39 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£105K01/230.59 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£85K12/220.62 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£67K12/220.7 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.7 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.74 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£97K01/230.84 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£80K09/210.89 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£65K04/210.91 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£130K06/230.98 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£78K03/231.07 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£80K06/211.1 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£86K03/231.35 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.35 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.35 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£83K10/211.35 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£100K10/201.37 mi94a, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£140K12/221.37 mi54, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£110K11/221.4 miFlat 7, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£112.5K07/231.4 miFlat 5, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£130K11/221.42 mi13, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£105K09/231.42 mi49, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£118K04/231.42 mi4, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£145K11/211.44 mi138, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XE2
£125K01/231.44 mi184, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XF2
£142.5K06/231.44 mi44, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£163K02/231.44 mi42, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£123K12/221.44 mi30, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£151.5K01/231.44 mi56, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£92K05/211.46 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£128K12/201.52 miFlat 6, Wembley Court, Wembley Avenue, Penwortham, Preston, Lancashire PR1 9UW2
£135K08/231.53 mi47, Pope Lane, Penwortham, Preston, Lancashire PR1 9JN2
£160K01/211.53 mi3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£170K02/231.54 miFlat 88, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YZ2
£75K11/201.55 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£105K07/211.56 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/231.56 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/201.56 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£74K02/211.59 mi18, Tinniswood, Ashton On Ribble, Preston, Lancashire PR2 1EL2
£175K10/211.61 miFlat 5, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£145K10/221.61 miFlat 11, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£250K02/211.62 mi27, Marl Avenue, Penwortham, Preston, Lancashire PR1 0XD2
£52.5K04/211.65 miFlat 21, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£61.5K12/221.65 miFlat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2

Local Rents

50 rents from £650/mo to £2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,29506/240.01 mi-2
£1,19508/240.01 mi-2
£92507/240.03 miPark House, Guildhall Street, Preston, Lancashire, PR12
£92507/240.03 miPark House, Guildhall Street, Preston, Lancashire, PR12
£97507/240.03 miPark House, Guildhall Street, Preston, PR12
£95007/240.03 miPark House, Guildhall Street, Preston, PR12
£2,00006/240.03 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,95007/240.03 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,25006/240.03 miFlat , The Union Lofts, Guildhall Street, Preston2
£1,15007/240.03 miFlat , The Union Lofts, Guildhall Street, Preston2
£1,45007/240.04 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,52507/240.04 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.04 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,57507/240.04 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.04 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,57507/240.04 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.04 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.04 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,65007/240.04 miBuckingham House, Glovers Court2
£1,60007/240.04 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,25007/240.04 miFlat 13, The Union Lofts2
£1,20008/240.05 mi24 Cannon Street , Preston, 2
£1,20006/240.05 mi24 Cannon Street , Preston, 2
£1,75007/240.05 miGuild House, 17 Cross Street, Preston, PR12
£1,00007/240.06 miGlovers Court, Preston2
£1,45003/220.06 miCity Bridge Apartments, Glovers Court, Preston2
£1,60007/240.06 miCity Bridge Apartments, Glovers Court, Preston2
£1,60006/240.06 miCity Bridge Apartments, Glovers Court, Preston2
£77506/240.06 miWinckley House, Winckley Square, Preston, Lancashire, PR12
£1,15010/230.07 miWinckley Square, Preston, Lancashire, PR12
£1,00010/230.07 miWinckley Square, Preston, Lancashire, PR12
£85007/240.07 miWinckley Square, Preston2
£1,10002/240.08 mi-2
£75007/240.08 miAvenham Mills, Preston2
£99510/230.08 miGoldthread Works,City Centre PR12
£1,00006/240.08 miWinckley Square, Preston, Lancashire, PR12
£72506/240.09 miCross Street, Preston2
£80007/240.09 miCross Street, Preston2
£80007/240.09 miCross Street, Preston2
£1,25007/240.09 mi11 Winckley Street, Preston Town Centre2
£70007/240.1 miCubic, Birley Street, Preston, PR1 2AQ2
£70007/240.1 miCubic, Birley Street, Preston, PR1 2AQ2
£70008/240.1 miCubic, Birley Street, Preston2
£65007/240.1 miCubic Apartment, Preston2
£85007/240.1 miCross Street, Preston2
£75008/240.1 miCross Street, Preston2
£79509/240.1 miCross Street, Preston2
£1,55008/240.11 mi13 Winckley Street, Preston, Lancashire, PR12
£85006/240.11 mi-2
£90003/250.11 mi-2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.88 miles away

Nearest school

0.10 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £150,000

January 3, 2025

Floor Plans

Description

Welcome to your dream apartment in the heart of the town centre! This exclusive development offers a unique blend of contemporary urban living, perfectly designed for those seeking a stylish and comfortable lifestyle. Featuring two spacious bedrooms and two modern bathrooms, this property is ideal for both professionals and small families. The open-plan living area is bathed in natural light, creating a warm and inviting atmosphere that is perfect for simple day-to-day living. The quality fitted kitchen, equipped with integrated appliances, is a chefs delight, making meal preparation a breeze. Experience luxury in the sleekly designed bathrooms that promise relaxation and comfort. With character and charm throughout, this property also boasts a secure main entrance and an intercom system for added peace of mind. Enjoy the convenience of lift access to all floors and the assurance of UPVC double glazing throughout, ensuring a quiet and energy-efficient environment. Fully carpeted for your comfort, this home is just steps away from a plethora of amenities, making it the perfect place to enjoy urban life to the fullest.

The property is surrounded by modern properties with Georgian features, creating a picturesque and charming neighbourhood. The community is vibrant, and the area is well-connected with multiple bus services as well as the major train station and west coast main line with direct services to Manchester, Liverpool and London, providing easy access to all that Preston has to offer. The multicultural and prosperous city has a wealth of heritage.

For higher education, the property is conveniently located near several colleges and universities, including the University of Central Lancashire, Cardinal Newman College, and Preston college.

Residents will also benefit from the proximity to essential amenities, healthcare facilities, with Royal Preston Hospital, local GPs, and pharmacies in close proximity. The vibrant city centre offers an array of entertainment options, including gyms, nightlife hotspots, and a cinema theatre, ensuring there is always something to do.

To experience this exceptional opportunity, and to embrace sophisticated urban living in a prosperous and vibrant area, then call Dewhurst Homes on and make this luxurious apartment your new home.

Agent Details

Dewhurst Homes, Garstang

01995 910438

Next Steps?

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