6 Bed HMO, Preston, PR2 2JD, £350,000





ValuationUndervalued
Sold Prices | £92K - £647K |
Sold Prices/m² | £868/m² - £2.6K/m² |
| |
Square Metres | ~186 m² |
Price/m² | £1.9K/m² |
Value Estimate | £360,500 |
BMV | 3% |
| |
End Value (After Refurb) | £269,235 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £87,500 |
Stamp Duty & Legal Fees | £16,700 |
Refurb Costs | £78,713 |
Bridging Loan Interest | £9,188 |
Total Cash In | £193,851 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £269,235 |
Mortgage (After Refinance) | £201,926 |
Mortgage LTV | 75% |
Cash Left In | £193,851 |
Equity | £67,309 |
Room Rate | £451 |
Gross Rent | £2,706 |
Running Costs/mo | £2,051 |
Cashflow/mo | £655 |
Cashflow/yr | £7,862 |
ROI | 4% |
Gross Yield | 9% |
Local Sold Prices
9 sold prices from £92K to £647K, average is £352.5K. £868/m² to £2.6K/m², average is £1.9K/m².
Local Area Statistics
Population in PR2 | 77,713 |
Population in Preston | 286,036 |
Town centre distance | 1.50 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 1.22 miles away |
| |
Rental demand | Balanced market |
Rental growth (12m) | -7% |
Sales demand | Seller's market |
Capital growth (5yrs) | +25% |
Property History
Listed for £350,000
January 22, 2025
Floor Plans

Description
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