10 Bed HMO, Preston, PR1 8BJ, £475,000

Fishergate Hill Preston PR1 8BJ - 3 months ago

HMO

ROI: 10%

~310 m²

+8 photos

ValuationUndervalued

Sold Prices	£94K - £1.4M
Sold Prices/m²	£888/m² - £4.9K/m²

Square Metres	~310 m²
Price/m²	£1.5K/m²
Value Estimate	£589,000£589,000
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£118,750£118,750
Stamp Duty & Legal Fees	£38,700£38,700
Total Cash In	£157,450£157,450

Cash Out
Room Rate	£490£490
Gross Rent	£4,900£4,900
Running Costs/mo	£3,581£3,581
Cashflow/mo	£1,319£1,319
Cashflow/yr	£15,830£15,830
ROI	10%10%
Gross Yield	12%12%

Local Sold Prices

35 sold prices from £94K to £1.4M, average is £300K. £888/m² to £4.9K/m², average is £2.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£148K	06/23	0.12 mi	41, Christ Church Street, Preston, Lancashire PR1 8PH	£1,202	123	4	Semi-Detached House
£300K	02/23	0.42 mi	27, Bairstow Street, Preston, Lancashire PR1 3TN	£1,657	181	4	Terraced House
£247K	06/23	0.49 mi	53, Broadgate, Preston, Lancashire PR1 8DU	-	-	4	Semi-Detached House
£200K	11/20	0.54 mi	50, Great Avenham Street, Preston, Lancashire PR1 3TD	£1,563	128	4	Terraced House
£259.9K	03/21	0.58 mi	73, Wellington Street, Preston, Lancashire PR1 8TQ	-	-	4	Terraced House
£125K	07/23	0.62 mi	17, St Marks Road, Preston, Lancashire PR1 8TL	£1,437	87	4	Terraced House
£1.4M	09/21	0.67 mi	9, Church Avenue, Penwortham, Preston, Lancashire PR1 0AH	£4,887	287	4	Detached House
£630K	06/21	0.67 mi	12, Church Avenue, Penwortham, Preston, Lancashire PR1 0AH	£2,864	220	4	Detached House
£94K	02/21	0.7 mi	10, Cheviot Street, Preston, Lancashire PR1 8UE	£888	106	4	Terraced House
£595K	02/23	0.71 mi	9, Hollinhurst Avenue, Penwortham, Preston, Lancashire PR1 0AE	£4,343	137	4	Detached House
£473K	11/20	0.71 mi	23, Hollinhurst Avenue, Penwortham, Preston, Lancashire PR1 0AE	£2,263	209	4	Detached House
£290K	03/21	0.72 mi	1, Priory Crescent, Penwortham, Preston, Lancashire PR1 0AL	-	-	4	Semi-Detached House
£475K	03/21	0.74 mi	9, Tower View, Penwortham, Preston, Lancashire PR1 0BQ	-	-	4	Detached House
£202K	12/20	0.74 mi	83, Margaret Road, Penwortham, Preston, Lancashire PR1 9RU	£2,020	100	4	Semi-Detached House
£460K	02/21	0.81 mi	26, Round Wood, Penwortham, Preston, Lancashire PR1 0BN	-	-	4	Detached House
£452K	03/21	0.83 mi	9, Abbotsway, Penwortham, Preston, Lancashire PR1 0BD	£2,628	172	4	Detached House
£600K	03/23	0.84 mi	7, Kingsway, Penwortham, Preston, Lancashire PR1 0AP	£3,107	193	4	Detached House
£105K	12/20	0.87 mi	23, Deepdale Road, Preston, Lancashire PR1 5AP	£946	111	4	Terraced House
£395K	02/23	0.88 mi	5, Alcester Avenue, Penwortham, Preston, Lancashire PR1 9XN	£3,435	115	4	Detached House
£475K	02/23	0.89 mi	67, Abbot Meadow, Penwortham, Preston, Lancashire PR1 9JX	£3,682	129	4	Detached House
£370K	02/23	0.9 mi	21, Kingsway, Penwortham, Preston, Lancashire PR1 0BJ	-	-	4	Detached House
£580K	07/23	0.91 mi	32, Kingsway, Penwortham, Preston, Lancashire PR1 0BJ	-	-	4	Detached House
£325K	06/23	0.92 mi	29, Ridge Way, Penwortham, Preston, Lancashire PR1 9XW	-	-	4	Detached House
£295K	03/21	0.92 mi	36, Ridge Way, Penwortham, Preston, Lancashire PR1 9XW	£2,521	117	4	Detached House
£247K	02/21	0.92 mi	35, Ridge Way, Penwortham, Preston, Lancashire PR1 9XW	£2,520	98	4	Detached House
£490K	08/21	0.92 mi	33, Priory Lane, Penwortham, Preston, Lancashire PR1 0AR	-	-	4	Detached House
£364.5K	03/21	0.93 mi	47, Abbot Meadow, Penwortham, Preston, Lancashire PR1 9JX	£2,688	136	4	Detached House
£480K	10/21	0.94 mi	2, Penwortham Court, Penwortham, Preston, Lancashire PR1 9YX	-	-	4	Detached House
£250K	03/23	0.96 mi	61, Tulketh Crescent, Ashton On Ribble, Preston, Lancashire PR2 2RJ	-	-	4	Detached House
£384K	12/20	0.96 mi	8, Stansford Court, Penwortham, Preston, Lancashire PR1 9PR	£2,494	154	4	Detached House
£230K	07/23	0.97 mi	15, Frenchwood Avenue, Preston, Lancashire PR1 4ND	-	-	4	Terraced House
£249.9K	05/23	0.97 mi	The Cottage, Marshalls Brow, Penwortham, Preston, Lancashire PR1 9HY	-	-	4	Semi-Detached House
£115K	12/20	0.98 mi	29, Norris Street, Preston, Lancashire PR1 7PX	£927	124	4	Terraced House
£102K	04/23	0.98 mi	22, Oxheys Street, Preston, Lancashire PR1 7PP	£1,619	63	4	Terraced House
£147.9K	12/22	1 mi	24, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DB	£1,541	96	4	Terraced House

Local Area Statistics

Population in PR1	72,06472,064
Population in Preston	286,036286,036
Town centre distance	1.14 miles away1.14 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.09 miles away0.09 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+3%+3%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £475,000

January 14, 2025

Description

Ideal Investment Opportunity +
10 Bedroom HMO +
Rooms Rented at £520 - £550 per Calendar Month +
Very Well Presented Throughout +
City Center Location +

Jones Cameron are delighted to bring to the market this ideal investment opportunity in a prime location in the heart of Preston City Center.

Positioned within walking distance of the vibrant city center and its shops, resturants, local amenities and highly regarded University.

The property is a 10 bedroom HMO which is occupied, with each room earning between £520 - £550 per calendar month including bills.

This deceptively spacious and well-kept property is a fantastic investment opportunity for a new landlord or to add to a portfolio. Contact Jones Cameron to arrange your viewing today!

Agent Details

Jones Cameron Estate Agents, Preston

01772 419827

Next Steps?

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

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