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

Cannon Street, Preston, PR1 3AX - 1 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
+13 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
£81K12/220.31 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£79.5K04/210.4 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£105K01/230.59 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£85K12/220.61 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£67K12/220.71 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.71 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
£80K09/210.9 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£65K04/210.92 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£130K06/230.98 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£78K03/231.08 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£80K06/211.1 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£86K03/231.36 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.36 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.36 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£83K10/211.36 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
£128K12/201.51 miFlat 6, Wembley Court, Wembley Avenue, Penwortham, Preston, Lancashire PR1 9UW2
£135K08/231.52 mi47, Pope Lane, Penwortham, Preston, Lancashire PR1 9JN2
£160K01/211.54 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
£105K07/211.55 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/231.55 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/201.55 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£75K11/201.56 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£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
£250K02/211.61 mi27, Marl Avenue, Penwortham, Preston, Lancashire PR1 0XD2
£90K02/211.65 mi9, Handshaw Drive, Penwortham, Preston, Lancashire PR1 9SG2
£52.5K04/211.66 miFlat 21, 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 mi-2
£1,19508/240 mi-2
£97507/240.03 miPark House, Guildhall Street, Preston, PR12
£95007/240.03 miPark House, Guildhall Street, Preston, PR12
£92507/240.03 miPark House, Guildhall Street, Preston, Lancashire, PR12
£92507/240.03 miPark House, Guildhall Street, Preston, Lancashire, PR12
£2,00006/240.04 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,95007/240.04 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,25006/240.04 miFlat , The Union Lofts, Guildhall Street, Preston2
£1,15007/240.04 miFlat , The Union Lofts, Guildhall Street, Preston2
£1,25007/240.04 miFlat 13, The Union Lofts2
£1,20008/240.04 mi24 Cannon Street , Preston, 2
£1,20006/240.04 mi24 Cannon Street , Preston, 2
£1,75007/240.04 miGuild House, 17 Cross Street, Preston, PR12
£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
£1,60007/240.05 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£77506/240.05 miWinckley House, Winckley Square, Preston, Lancashire, PR12
£1,00007/240.06 miGlovers Court, Preston2
£1,45003/220.07 miCity Bridge Apartments, Glovers Court, Preston2
£1,60007/240.07 miCity Bridge Apartments, Glovers Court, Preston2
£1,60006/240.07 miCity Bridge Apartments, Glovers Court, Preston2
£1,15010/230.07 miWinckley Square, Preston, Lancashire, PR12
£1,00010/230.07 miWinckley Square, Preston, Lancashire, PR12
£85007/240.07 miWinckley Square, Preston2
£75007/240.07 miAvenham Mills, Preston2
£1,10002/240.07 mi-2
£99510/230.08 miGoldthread Works,City Centre PR12
£1,00006/240.08 miWinckley Square, Preston, Lancashire, PR12
£72506/240.08 miCross Street, Preston2
£80007/240.08 miCross Street, Preston2
£80007/240.08 miCross Street, Preston2
£1,25007/240.09 mi11 Winckley Street, Preston Town Centre2
£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
£70007/240.11 miCubic, Birley Street, Preston, PR1 2AQ2
£70007/240.11 miCubic, Birley Street, Preston, PR1 2AQ2
£70008/240.11 miCubic, Birley Street, Preston2
£65007/240.11 miCubic Apartment, Preston2
£85006/240.12 mi-2
£90003/250.12 mi-2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.89 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 22, 2025

Floor Plans

Description

  • Modern Fitted Kitchen +
  • Open Plan Living / Dining Kitchen Arrangement +
  • City Centre Location +
  • Two generous bedrooms +
  • Exclusive Development Of Twelve Apartments +
  • Two Bathrooms +
  • Great Investment Opportunity +
  • Secure Entrance +
  • Intercom System +
  • Lift Access To All Floors +

Welcome to an exclusive development that redefines urban living in the heart of the city! This stunning two-bedroom apartment boasts a contemporary design with two elegant bathrooms, ensuring comfort and convenience for you and your guests. The open-plan living and dining area seamlessly connects to a modern fitted kitchen, equipped with integrated appliances that make cooking a pleasure. Fully carpeted throughout, this stylish apartment offers a cozy yet sophisticated ambiance. With its prime city center location, you-ll enjoy easy access to vibrant shops, dining, and entertainment, making it the perfect place to call home. 

This exceptional property features a secure entry system, providing peace of mind as you step inside. Enjoy the convenience of an intercom system that allows effortless communication with visitors. With lift access to all floors, moving between levels is a breeze, making it ideal for everyone. Inside, you-ll find quality fixtures and fittings that elevate the living experience, showcasing modern design and attention to detail. Additionally, the property is fully equipped with UPVC double glazing throughout, ensuring energy efficiency and a tranquil atmosphere.

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 💪