2 Bed Flat, Single Let, Preston, PR1 3AN, £129,000

Cross Street, Preston, PR1 3AN - 3 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+4 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£124,669

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,250

Stamp Duty & Legal Fees

£7,730

Total Cash In

£39,980

 

 

Cash Out

 

Rent Range

£695 - £2,000

Rent Estimate

£734

Running Costs/mo

£570

Cashflow/mo

£164

Cashflow/yr

£1,969

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £50K to £250K, average is £105K. £1.1K/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£50K07/230.22 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.22 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£82K05/230.38 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.38 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.38 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£81K12/220.39 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£79.5K04/210.48 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£85K12/220.54 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£105K01/230.55 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£67K12/220.78 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.78 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.82 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£97K01/230.85 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£80K09/210.98 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£130K06/230.99 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£65K04/211 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£78K03/231.14 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£80K06/211.14 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£140K12/221.33 mi54, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£130K11/221.39 mi13, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£105K09/231.39 mi49, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£118K04/231.39 mi4, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£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
£86K03/231.4 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.4 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.4 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£83K10/211.4 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£145K11/211.41 mi138, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XE2
£125K01/231.41 mi184, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XF2
£142.5K06/231.41 mi44, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£163K02/231.41 mi42, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£123K12/221.41 mi30, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£151.5K01/231.41 mi56, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£135K08/231.43 mi47, Pope Lane, Penwortham, Preston, Lancashire PR1 9JN2
£128K12/201.44 miFlat 6, Wembley Court, Wembley Avenue, Penwortham, Preston, Lancashire PR1 9UW2
£105K07/211.49 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/231.49 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/201.49 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£170K02/231.51 miFlat 88, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YZ2
£92K05/211.51 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£250K02/211.53 mi27, Marl Avenue, Penwortham, Preston, Lancashire PR1 0XD2
£175K10/211.57 miFlat 5, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£145K10/221.57 miFlat 11, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£90K02/211.57 mi9, Handshaw Drive, Penwortham, Preston, Lancashire PR1 9SG2
£160K01/211.58 mi3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£74K02/211.59 mi18, Tinniswood, Ashton On Ribble, Preston, Lancashire PR2 1EL2
£123K01/231.59 miApartment 3, Woodville Court, Woodville Road, Penwortham, Preston, Lancashire PR1 9BW2
£75K11/201.62 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£126.5K06/231.65 mi154a, Princes Reach, Ashton On Ribble, Preston, Lancashire PR2 2GD2

Local Rents

50 rents from £695/mo to £2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£85007/240 miCross Street, Preston2
£75008/240 miCross Street, Preston2
£79509/240 miCross Street, Preston2
£72506/240.01 miCross Street, Preston2
£80007/240.01 miCross Street, Preston2
£80007/240.01 miCross Street, Preston2
£69507/240.05 miStarkie Street, Preston2
£1,15010/230.05 miWinckley Square, Preston, Lancashire, PR12
£1,00010/230.05 miWinckley Square, Preston, Lancashire, PR12
£85007/240.05 miWinckley Square, Preston2
£1,10002/240.06 mi-2
£1,00006/240.06 miWinckley Square, Preston, Lancashire, PR12
£77506/240.06 miWinckley House, Winckley Square, Preston, Lancashire, PR12
£1,75007/240.06 miGuild House, 17 Cross Street, Preston, PR12
£1,20008/240.07 mi24 Cannon Street , Preston, 2
£1,20006/240.07 mi24 Cannon Street , Preston, 2
£90006/240.07 miBairstow Street, Preston2
£1,35006/240.07 miCamden Place, Preston2
£1,00008/240.07 miBairstow Street, Preston2
£1,25007/240.08 miFlat 13, The Union Lofts2
£99510/230.09 miGoldthread Works,City Centre PR12
£75007/240.09 miAvenham Mills, Preston2
£1,25007/240.09 mi11 Winckley Street, Preston Town Centre2
£1,25006/240.09 miWinckley Square, Preston2
£1,35007/240.09 miChapel Street, Winckley Square, Preston PR12
£99506/240.09 miWinckley Square, Preston2
£97507/240.09 miPark House, Guildhall Street, Preston, PR12
£95007/240.09 miPark House, Guildhall Street, Preston, PR12
£92507/240.09 miPark House, Guildhall Street, Preston, Lancashire, PR12
£92507/240.09 miPark House, Guildhall Street, Preston, Lancashire, PR12
£1,29506/240.09 mi-2
£1,19508/240.09 mi-2
£97508/240.1 miCity Space House, East Cliff, Preston, PR12
£1,25006/240.1 miFlat , The Union Lofts, Guildhall Street, Preston2
£1,15007/240.1 miFlat , The Union Lofts, Guildhall Street, Preston2
£99506/240.1 miEast Cliff, Preston2
£1,25007/240.1 miChapel Street, Preston, Lancashire, PR12
£75007/240.11 miCity Space, Preston2
£92507/240.11 miEast Cliff, Preston, PR12
£1,55008/240.12 mi13 Winckley Street, Preston, Lancashire, PR12
£1,25007/240.12 miChapel Street, Preston, Lancashire, PR12
£1,17006/240.12 miApt 7, 3 Ribblesdale Place Preston PR1 3AF2
£1,17006/240.12 miApt 4, 3 Ribblesdale Place Preston PR1 3AF2
£1,17007/240.12 miApt 1, 3 Ribblesdale Place Preston PR1 3AF2
£1,04006/240.12 miApt 2, 3 Ribblesdale Place Preston PR1 3AF2
£1,08306/240.12 miApt 3, 3 Ribblesdale Place Preston PR1 3AF2
£2,00006/240.12 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,95007/240.12 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,25007/240.13 miChapel Street, Preston, Lancashire, PR12
£1,35006/240.13 miChapel Street, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.98 miles away

Nearest school

0.60 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Price changed to £129,000

March 12, 2025

Listed for £135,000

January 16, 2025

Floor Plans

Description

  • Chain Free +
  • Ideal Investment Opportunity +
  • Shops And Amenities Nearby +
  • Close To Schools And Motorways +
  • Close To Public Transport +
  • City Centre Location +
  • Apartment +
  • 2 Bedrooms +
  • Three Piece Bathroom +
  • En-Suite To Master +

ATTENTION INVESTORS!!! This apartment in the heart of Preston City Centre is a brilliant buy to let investment. There is currently a tenant in situ paying £875 per calendar month. The location is superb as there are plenty of shops, bars, cafes and restaurants on the doorstep and Preston railway station is a short walk away.

Internally there is an entrance hallway, lounge / kitchen, two bedrooms, bathroom and en-suite to master room. The lounge / kitchen is spacious and has plenty of natural light flooding in making it light and welcoming.

The master bedroom is of a good size and allows plenty of natural light in, the en-suite to the master bedroom includes a low level w/c, sink basin and corner shower.

The second bedroom offers a good size with two double glazed windows allowing plenty of light to come through. The bathroom is larger than average.

Being in the heart of Preston City Centre means that there are shops, bars, cafes and restaurants on the doorstep of this lovely apartment. Preston railway station and UCLan are a short walk away.

There are tenants in situ and is managed by Kingswood, the tenants are currently paying £875 per calender month.

This is a leasehold property.

Length of lease - 147 years remaining (approx)

Ground rent - £350.00 Per Annum (approx)

Service charge - £1,320.00 Per Annum (approx)

Council tax band - B

EPC rating - C

Please contact Kingswood Sales and Lettings to arrange a viewing

City Centre Office:

11 Lune Street, Preston, PR1 2NL

Disclaimer:

These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

Agent Details

Kingswood, Fulwood

01772 419787

Next Steps?

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