2 Bed Flat, Single Let, Preston, PR1 8QT, £89,950

Waltons Parade, Preston, PR1 8QT - 5 views - 3 months ago

Leasehold
BTL
ROI: 14%
~68 m²

ValuationUndervalued

Sold Prices£44.5K - £250K
Sold Prices/m²£1.1K/m² - £3.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£109,739
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,488

Stamp Duty & Legal Fees

£3,899

Total Cash In

£26,386

 

 

Cash Out

 

Rent Range

£750 - £2,185

Rent Estimate

£756

Running Costs/mo

£452

Cashflow/mo

£304

Cashflow/yr

£3,644

ROI

14%

Gross Yield

10%

Local Sold Prices

50 sold prices from £44.5K to £250K, average is £102.5K. £1.1K/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£105K01/230.16 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£85K12/220.24 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£97K01/230.57 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£79.5K04/210.58 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£50K07/230.61 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.61 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£82K05/230.73 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.73 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.73 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£81K12/220.74 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£100K10/200.95 mi94a, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£140K12/220.95 mi54, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£80K06/210.97 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£130K11/221 mi13, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£105K09/231 mi49, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£118K04/231 mi4, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£145K11/211.03 mi138, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XE2
£125K01/231.03 mi184, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XF2
£142.5K06/231.03 mi44, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£163K02/231.03 mi42, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£123K12/221.03 mi30, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£151.5K01/231.03 mi56, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£78K03/231.04 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£80K09/211.07 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£110K11/221.08 miFlat 7, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£112.5K07/231.08 miFlat 5, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£128K12/201.1 miFlat 6, Wembley Court, Wembley Avenue, Penwortham, Preston, Lancashire PR1 9UW2
£170K02/231.12 miFlat 88, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YZ2
£67K12/221.13 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£44.5K10/201.13 miApartment 58, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/211.13 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£67K10/201.16 mi77, Brackenbury Road, Preston, Lancashire PR1 7UQ2
£60K04/211.17 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£175K10/211.19 miFlat 5, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£145K10/221.19 miFlat 11, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£86K03/231.23 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.23 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.23 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£83K10/211.24 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£74K02/211.25 mi18, Tinniswood, Ashton On Ribble, Preston, Lancashire PR2 1EL2
£250K02/211.25 mi27, Marl Avenue, Penwortham, Preston, Lancashire PR1 0XD2
£130K11/221.27 mi152, Princes Reach, Ashton On Ribble, Preston, Lancashire PR2 2GD2
£126.5K06/231.27 mi154a, Princes Reach, Ashton On Ribble, Preston, Lancashire PR2 2GD2
£165K10/211.33 mi111, Princes Reach, Ashton On Ribble, Preston, Lancashire PR2 2GB2
£135K08/231.33 mi47, Pope Lane, Penwortham, Preston, Lancashire PR1 9JN2
£65K04/211.33 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£92K05/211.35 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£130K06/231.36 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£160K01/211.4 mi3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£123K01/231.44 miApartment 3, Woodville Court, Woodville Road, Penwortham, Preston, Lancashire PR1 9BW2

Local Rents

50 rents from £750/mo to £2.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£90007/240.03 miStation Terrace, Waltons Parade2
£1,64506/240.04 mi-2
£2,18509/240.04 mi-2
£2,18503/250.04 mi-2
£1,12708/240.04 mia Fishergate Hill, Preston2
£1,49503/250.04 mi-2
£1,49503/250.04 mi-2
£85008/240.06 mi-2
£85009/240.06 mi-2
£97106/240.06 miFishergate Hill Flat, PRESTON, Lancashire PR1 8JB2
£1,40007/240.06 miThe Old County Hotel, Fishergate Hill, Preston2
£99708/240.07 miFishergate Court, Flat 1, PRESTON, Lancashire PR1 8JB2
£1,04008/240.07 miFishergate Court, Flat 2, PRESTON, Lancashire PR1 8JB2
£99708/240.07 miFishergate Court, Flat 3, PRESTON, Lancashire PR1 8JB2
£1,10007/240.07 miFlat , Fishergate Court, Fishergate, Preston2
£75008/240.08 miChrist Church Street, Preston2
£75008/240.08 miChrist Church Street, Preston2
£95010/240.09 mi-2
£86707/240.09 mi-2
£86707/240.09 mi-2
£1,04006/240.09 miChristchurch Street-Flat 1, PRESTON PR1 8PH2
£82307/240.09 miChristchurch Street flat 2, PRESTON PR1 8PH2
£87207/240.09 miChrist Church Street, Preston, Lancashire, PR12
£75007/240.09 miChrist Church Street, Preston, PR12
£1,08306/240.1 miFlat 2 Preston PR1 8JE2
£1,08306/240.1 miFlat 1 Preston PR1 8JE2
£1,08306/240.1 mi Preston PR1 8JE2
£1,17506/240.14 miBishopgate Gardens, Bishopgate, Preston2
£1,15006/240.14 miBishopgate Gardens, Bishopgate, Preston2
£1,15007/240.14 miBishopgate Gardens, Bishopgate , Preston2
£1,12007/240.14 miBishopgate Gardens, Bishopgate, Preston2
£1,05007/240.14 miBishopgate Gardens, Bishopgate, Preston2
£1,60007/240.14 miBishopgate Gardens, Bishopgate , Preston2
£1,25007/240.14 miBishopgate Gardens, Bishopgate, Preston2
£1,25007/240.14 miBishopgate Gardens, Bishopgate , Preston2
£1,15007/240.14 miBishopgate Gardens, Bishopgate , Preston2
£1,22507/240.14 miBishopgate Gardens, Bishopgate , Preston2
£1,17507/240.14 miBishopgate Gardens, Bishopgate, Preston2
£1,15008/240.14 miBishopgate Gardens, Bishopgate , Preston2
£1,25009/240.14 miBishopgate Gardens, Bishopgate , Preston2
£1,40006/240.14 miBishopgate Gardens, Bishopgate, Preston2
£85006/240.14 miWest Cliff, Preston2
£1,10006/240.15 miThe Sorting Office, 42 West Cliff, Preston, PR12
£80007/240.16 mi-2
£95007/240.17 miWest Cliff, Preston2
£1,10009/240.18 mi-2
£99506/240.19 miThe Sorting Office, 42 West Cliff, Preston2
£1,10006/240.19 miThe Sorting Office, 42 West Cliff, Preston2
£1,27507/240.19 miThe Sorting Office, 42 West Cliff, Preston2
£1,27507/240.19 miThe Sorting Office, 42 West Cliff, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

1.18 miles away

Nearest school

0.30 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £89,950

January 10, 2025

Description

  • Two Bedroom Apartment Close to Preston City Centre +
  • Well Located for Local Amenities & Transport Links +
  • Lounge, Fitted Kitchen & Bathroom +
  • Perfect First Time buy or Buy to Let +
  • Call Now to Book Your Viewing +

We are excited to present this first-floor apartment located in the City of Preston. The property is situated within close proximity to Preston train station, local amenities including Morrisons, Lidl, a cinema, and a short drive from Preston Docks.

The apartment includes a hallway, two bedrooms and the kitchen area is designed in an open plan living and dining space.

This apartment represents an ideal opportunity for first-time buyers and landlords or investors. Viewing this apartment is essential to fully appreciate its potential.
Leasehold information: Ground Rent Payable: Yes
Annual Ground Rent: TBC
Service Charge: £630.74 per annum
Length of the Lease: 999 years
Start Date of the Lease: 01/01/2006
Council Tax Information: Band B

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Preston & Central Lancashire

01772 963630

Next Steps?

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