3 Bed Semi-Detached House, Refurb/BRRR, Preston, PR5 6YA, £170,000

14 Cottage Lane, Bamber Bridge, PR5 6YA - 3 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+19 photos

ValuationFair Value

Sold Prices£62.5K - £300K
Sold Prices/m²£906/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£171,700

 

 

End Value (After Refurb)

£186,000

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£39,428

Bridging Loan Interest

£4,463

Total Cash In

£94,441

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£186,000

Mortgage (After Refinance)

£139,500

Mortgage LTV

75%

Cash Released

£12,000

Cash Left In

£82,441

Equity

£46,500

Rent Range

£725 - £1,500

Rent Estimate

£1,058

Running Costs/mo

£813

Cashflow/mo

£245

Cashflow/yr

£2,942

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £62.5K to £300K, average is £166K. £906/m² to £3.6K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£174K07/210.09 mi22, Brindle Road, Bamber Bridge, Preston, Lancashire PR5 6RQ3
£128K07/230.18 mi24, School Street, Bamber Bridge, Preston, Lancashire PR5 6GB3
£87.5K07/230.2 mi85, School Lane, Bamber Bridge, Preston, Lancashire PR5 6QE3
£150K02/230.2 mi60, Brindle Road, Bamber Bridge, Preston, Lancashire PR5 6RR3
£121K01/210.2 mi64, Brindle Road, Bamber Bridge, Preston, Lancashire PR5 6RR3
£147.5K07/230.21 mi22, Collins Road North, Bamber Bridge, Preston, Lancashire PR5 6RH3
£219K12/200.23 mi23, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX3
£300K08/230.24 mi19, Brown Lane, Bamber Bridge, Preston, Lancashire PR5 6YB3
£62.5K02/210.27 mi29, St Aidans Park, Bamber Bridge, Preston, Lancashire PR5 6HG3
£159.9K12/210.28 mi40, Skipton Close, Bamber Bridge, Preston, Lancashire PR5 6HF3
£169.9K03/230.28 mi29, Skipton Close, Bamber Bridge, Preston, Lancashire PR5 6HF3
£165K01/230.28 mi42, Skipton Close, Bamber Bridge, Preston, Lancashire PR5 6HF3
£165K12/200.28 mi37, Skipton Close, Bamber Bridge, Preston, Lancashire PR5 6HF3
£175K07/230.28 mi7, Skipton Close, Bamber Bridge, Preston, Lancashire PR5 6HF3
£167K07/230.28 mi12, Skipton Close, Bamber Bridge, Preston, Lancashire PR5 6HF3
£207.5K03/230.3 mi7, Goldcrest Drive, Bamber Bridge, Preston, Lancashire PR5 6ZE3
£220K06/230.3 mi1, Goldcrest Drive, Bamber Bridge, Preston, Lancashire PR5 6ZE3
£201K01/230.32 mi18, Holland House Court, Walton Le Dale, Preston, Lancashire PR5 4HZ3
£202.5K10/210.32 mi11, Kingfisher Way, Bamber Bridge, Preston, Lancashire PR5 6ZF3
£152K12/200.36 mi69, Brindle Road, Bamber Bridge, Preston, Lancashire PR5 6YH3
£171.3K03/210.36 mi166, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY3
£164K06/210.36 mi150, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY3
£150.5K11/210.37 mi50, Station Road, Bamber Bridge, Preston, Lancashire PR5 6QL3
£137K02/230.4 mi3, Poplar Avenue, Bamber Bridge, Preston, Lancashire PR5 6QX3
£138K11/200.41 mi33, Collins Road, Bamber Bridge, Preston, Lancashire PR5 6QT3
£135K01/210.41 mi59, Collins Road, Bamber Bridge, Preston, Lancashire PR5 6QT3
£180K01/230.41 mi13, Collins Road, Bamber Bridge, Preston, Lancashire PR5 6QT3
£153.8K03/210.42 mi9, Somersby Close, Walton Le Dale, Preston, Lancashire PR5 4LY3
£253K12/220.42 mi7, Somersby Close, Walton Le Dale, Preston, Lancashire PR5 4LY3
£225K11/220.42 mi16, Hazel Avenue, Bamber Bridge, Preston, Lancashire PR5 6PJ3
£143.2K08/230.42 mi48, Collins Road, Bamber Bridge, Preston, Lancashire PR5 6GT3
£128K03/210.42 mi66, Collins Road, Bamber Bridge, Preston, Lancashire PR5 6GT3
£235K10/200.43 mi17, Odell Way, Walton Le Dale, Preston, Lancashire PR5 4ND3
£195K02/210.44 mi29, Renshaw Drive, Walton Le Dale, Preston, Lancashire PR5 4RB3
£110K03/210.45 mi6, Maple Drive, Bamber Bridge, Preston, Lancashire PR5 6RA3
£200K01/230.45 mi47, Pear Tree Crescent, Walton Le Dale, Preston, Lancashire PR5 4RE3
£148K05/210.46 mi24, Holland Avenue, Walton Le Dale, Preston, Lancashire PR5 4RJ3
£110K10/200.46 mi26, Dean Street, Bamber Bridge, Preston, Lancashire PR5 6GP3
£172.5K02/210.46 mi55, Withy Trees Avenue, Bamber Bridge, Preston, Lancashire PR5 6NU3
£165K11/220.47 mi15, Longbrook Avenue, Bamber Bridge, Preston, Lancashire PR5 6XB3
£220K01/210.48 mi8, Neath Close, Walton Le Dale, Preston, Lancashire PR5 4NE3
£136K11/200.48 mi60, Longbrook Avenue, Bamber Bridge, Preston, Lancashire PR5 6XG3
£170K10/210.48 mi2, Pear Tree Close, Walton Le Dale, Preston, Lancashire PR5 4RH3
£270K04/230.5 mi61, Hampshire Road, Walton Le Dale, Preston, Lancashire PR5 4NJ3
£265K06/230.51 mi8, Crowell Way, Walton Le Dale, Preston, Lancashire PR5 4LG3
£140K03/210.51 mi9, Ambleside Close, Walton Le Dale, Preston, Lancashire PR5 4RS3
£179K12/200.52 mi5, Lowesby Close, Walton Le Dale, Preston, Lancashire PR5 4NF3
£190K05/210.52 mi14, Lowesby Close, Walton Le Dale, Preston, Lancashire PR5 4NF3
£175K03/210.55 mi15, Grasmere Close, Walton Le Dale, Preston, Lancashire PR5 4RR3
£115K03/230.55 mi2, James Street, Bamber Bridge, Preston, Lancashire PR5 6TH3

Local Rents

20 rents from £725/mo to £1.5K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£72512/240.19 mi-3
£97506/240.23 miFareham Close, Walton-le-Dale, Preston, PR53
£90012/240.36 miHolland House Road, Walton Le Dale3
£89506/240.43 miCollins Road, Bamber Bridge3
£82512/240.55 miJames Street, Bamber Bridge, Preston3
£1,10003/250.64 mi-3
£1,10002/250.64 mi-3
£1,30001/250.7 mi-3
£99504/250.72 mi-3
£80006/240.76 miCambridge Road, Bamber Bridge3
£1,10006/240.77 miGarforth Crescent,Bamber Bridge,PR5 6SS ***PETS WELCOME***3
£1,00012/240.79 miBrampton Drive, Bamber Bridge3
£1,15006/240.94 miSpinners Avenue, Bamber Bridge, Preston3
£1,47506/240.94 miSpinners Avenue, Wren Green Bamber Bridge3
£1,19512/240.95 mi-3
£77512/240.97 mi-3
£85006/241.04 miKilngate, Lostock Hall, Preston3
£1,25002/251.05 mi-3
£1,50012/241.1 miTodd Lane North, Lostock Hall3
£99512/241.15 miOak Leaf Drive, Bamber Bridge3

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.59 miles away

Nearest school

0.10 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £170,000

January 8, 2025

Floor Plans

Description

  • Three-bedroom semi-detached house with immense potential +
  • Set back from the road in a quiet, sought-after location. +
  • Plenty of off-road parking and a detached garage. +
  • Includes a sunroom offering natural light and garden views +
  • In need of renovation—perfect for personalization and modern updates +
  • Excellent opportunity for families or developers to create a dream home +
  • Contact us with any questions or to arrange a viewing +

Nestled in a quiet, sought-after location, this charming three-bedroom semi-detached home is set back from the road, offering privacy and a generous amount of outdoor space. With plenty of off-road parking and a detached garage, this property presents an ideal opportunity for those seeking to create their dream home.

Inside, the house features a spacious layout, including a welcoming lounge area, a single storey extension at the rear housing the Sun Room and Dining Area, and three well-proportioned bedrooms. While the property requires renovation, it offers immense potential to modernize and personalize the space to your exact specifications. The central heating system uses a modern combi boiler.

With its ample parking, detached garage, and scope for improvement, this home is a fantastic investment for families or developers. If you have any questions or would like to arrange a viewing, please get in touch.

Agent Details

Bradley Taylor Properties, Penwortham

01772 288278

Next Steps?

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

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