3 Bed Bungalow, Refurb/BRRR, Preston, PR5 5US, £275,000

20 Todd Lane North, Lostock Hall, Preston, PR5 5US - 2 months ago

Sold STC
Refurb/BRRR
~102 m²
+21 photos

ValuationOvervalued

Sold Prices£106K - £307K
Sold Prices/m²£1.1K/m² - £2.9K/m²

 

 

Square Metres

~102 m²
Price/m²£2.7K/m²

Value Estimate

£211,276

 

 

End Value (After Refurb)

£246,592

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£43,244

Bridging Loan Interest

£7,219

Total Cash In

£139,663

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£246,592

Mortgage (After Refinance)

£184,944

Mortgage LTV

75%

Cash Left In

£139,663

Equity

£61,648

Rent Range

£695 - £1,500

Rent Estimate

£1,012

Running Costs/mo

£993

Cashflow/mo

£19

Cashflow/yr

£228

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £106K to £307K, average is £162.7K. £1.1K/m² to £2.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£143K05/210.13 mi186, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AJ3
£152.5K06/230.17 mi20, Glendale Crescent, Lostock Hall, Preston, Lancashire PR5 5YA3
£194K02/230.18 mi120, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AE3
£149.9K12/200.2 mi24, Glendale Avenue, Lostock Hall, Preston, Lancashire PR5 5XY3
£199.9K12/200.21 mi73, Irongate, Bamber Bridge, Preston, Lancashire PR5 6UY3
£170K05/210.22 mi33, Rosemeade Avenue, Lostock Hall, Preston, Lancashire PR5 5XN3
£241.5K06/230.24 mi2, Highfield Avenue, Lostock Hall, Preston, Lancashire PR5 5UX3
£191K11/200.24 mi9, Highfield Avenue, Lostock Hall, Preston, Lancashire PR5 5UX3
£190K03/230.24 mi20, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX3
£162.9K11/200.28 mi4, Mossfield Close, Lostock Hall, Preston, Lancashire PR5 5AG3
£125K05/230.28 mi3, Mossfield Close, Lostock Hall, Preston, Lancashire PR5 5AG3
£195K04/230.3 mi2, Linden Close, Lostock Hall, Preston, Lancashire PR5 5BS3
£307K11/210.3 mi91, Todd Lane North, Lostock Hall, Preston, Lancashire PR5 5UP3
£242K03/230.32 mi6, Medway Close, Lostock Hall, Preston, Lancashire PR5 5AF3
£170K11/200.34 mi38, Bridge Way, Lostock Hall, Preston, Lancashire PR5 5YJ3
£155K11/210.35 mi48, Doodstone Drive, Lostock Hall, Preston, Lancashire PR5 5TX3
£165K04/210.37 mi61, Wateringpool Lane, Lostock Hall, Preston, Lancashire PR5 5AN3
£106K11/210.38 mi32, Avondale Drive, Lostock Hall, Preston, Lancashire PR5 5BQ3
£165.5K03/210.39 mi20, St Marys Close, Walton Le Dale, Preston, Lancashire PR5 4UN3
£200K04/230.39 mi20, St Marys Avenue, Walton Le Dale, Preston, Lancashire PR5 4UE3
£165K06/210.39 mi90, Wateringpool Lane, Lostock Hall, Preston, Lancashire PR5 5UA3
£205K05/210.4 mi24, Highgale Gardens, Lostock Hall, Preston, Lancashire PR5 5YT3
£128K11/200.4 mi45, Alpine Avenue, Lostock Hall, Preston, Lancashire PR5 5LG3
£137.5K12/200.41 mi12, Aldwych Drive, Lostock Hall, Preston, Lancashire PR5 5LF3
£155K12/220.41 mi8, Fern Close, Lostock Hall, Preston, Lancashire PR5 5BU3
£165K04/210.43 mi2, Severn Drive, Walton Le Dale, Preston, Lancashire PR5 4TE3
£197K09/210.44 mi30, Severn Drive, Walton Le Dale, Preston, Lancashire PR5 4TE3
£140K12/200.45 mi51, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE3
£165K08/230.45 mi6, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE3
£180K01/210.48 mi44, Duddle Lane, Walton Le Dale, Preston, Lancashire PR5 4UD3
£162K10/200.49 mi10, The Boulevard, Walton Le Dale, Preston, Lancashire PR5 4NY3
£162.5K07/210.49 mi5, The Boulevard, Walton Le Dale, Preston, Lancashire PR5 4NY3
£160K05/230.5 mi5, Ampleforth Drive, Lostock Hall, Preston, Lancashire PR5 5TD3
£162K06/210.51 mi86, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TL3
£163K04/210.51 mi62, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TL3
£150K03/210.52 mi23b, Victoria Street, Lostock Hall, Preston, Lancashire PR5 5RA3
£124K06/230.52 mi2, Hoghton Street, Lostock Hall, Preston, Lancashire PR5 5RQ3
£135K05/210.53 mi125, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA3
£135K05/210.53 mi125, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA3
£203K02/230.54 mi25, Carrwood Way, Walton Le Dale, Preston, Lancashire PR5 4NR3
£150K01/210.54 mi1, Jubilee Road, Lostock Hall, Preston, Lancashire PR5 5RR3
£165K12/200.55 mi39, Rydal Avenue, Walton Le Dale, Preston, Lancashire PR5 4RU3
£134K11/200.55 mi11, Rydal Avenue, Walton Le Dale, Preston, Lancashire PR5 4RU3
£142K07/210.55 mi14, Kentmere Avenue, Walton Le Dale, Preston, Lancashire PR5 4RX3
£137K10/200.56 mi4, Welbeck Crescent, Bamber Bridge, Preston, Lancashire PR5 6ST3
£179K04/210.56 mi10, Welbeck Crescent, Bamber Bridge, Preston, Lancashire PR5 6ST3
£155K10/210.56 mi87, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SQ3
£128K01/230.56 mi20, Ward Street, Lostock Hall, Preston, Lancashire PR5 5HR3
£106K04/210.56 mi475, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SD3
£163K04/230.56 mi35, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SQ3

Local Rents

27 rents from £695/mo to £1.5K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,50012/240.3 miTodd Lane North, Lostock Hall3
£77512/240.5 miWatkin Lane, Lostock Hall, Preston3
£1,00012/240.51 miBrampton Drive, Bamber Bridge3
£69502/240.52 mi-3
£1,10002/250.52 mi-3
£1,10006/240.56 miGarforth Crescent,Bamber Bridge,PR5 6SS ***PETS WELCOME***3
£75006/240.57 mi-3
£79502/240.6 mi-3
£85006/240.69 miKilngate, Lostock Hall, Preston3
£1,20012/240.72 miMorland Avenue, Lostock Hall, Preston3
£1,20009/240.73 mi-3
£1,25006/240.73 miElmtree Avenue, Penwortham, Preston3
£82512/240.75 miJames Street, Bamber Bridge, Preston3
£1,00008/240.81 miLeyland Road, Penwortham3
£77512/240.87 mi-3
£89506/240.88 miCollins Road, Bamber Bridge3
£80006/240.92 miCambridge Road, Bamber Bridge3
£1,15006/240.96 miSpinners Avenue, Bamber Bridge, Preston3
£1,47506/240.96 miSpinners Avenue, Wren Green Bamber Bridge3
£72512/241 mi-3
£1,20007/241.02 miRookery Drive, Penwortham, Preston3
£1,19512/241.03 mi-3
£90012/241.08 miHolland House Road, Walton Le Dale3
£95008/241.09 miGreaves Meadow, Penwortham, Preston3
£99507/241.17 miGiller Close, Penwortham, Preston, Lancashire, PR13
£97506/241.17 miFareham Close, Walton-le-Dale, Preston, PR53
£1,25003/251.22 mi-3

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.77 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £275,000

January 24, 2025

Floor Plans

Description

  • Detached Double Fronted Bungalow +
  • Positioned on a Generous Plot +
  • 2/3 Bedrooms +
  • 1/2 Reception Rooms +
  • Extended Dining Kitchen +
  • Bathroom and Additional WC +
  • Conservatory +
  • Detached Garage +
  • Solar Panels +
  • Updating Required +

This detached double fronted bungalow presents an excellent opportunity for those looking to create their dream home. Boasting three spacious bedrooms, this property is set on a generous plot, offering ample outdoor space.

While the bungalow is in need of updating, this presents a fantastic renovation opportunity for buyers with a vision. You can personalise the space to suit your tastes and lifestyle, transforming it into a modern haven. The popular location ensures that you will be part of a vibrant community, with local amenities and transport links conveniently close by.

One of the standout features of this property is the inclusion of solar panels, which will not only contribute to a more sustainable lifestyle but also help reduce energy costs.

The detached garage offers additional storage space. The outdoor area surrounding the bungalow provides a lovely setting for gardening or simply enjoying the fresh air.

One of the key advantages of this property is that there is no chain delay, allowing for a smooth and swift purchase process. Whether you are a family, or an investor seeking a project, this bungalow is a promising prospect. With a little imagination and effort, you could turn this bungalow into a stunning residence that reflects your personal style.

Please note the room measurements can be found on the floor plan for the property.

FREEHOLD. Awaiting EPC. Council Tax Band D.

Agent Details

Holdens Estate Agents, Lostock Hall

01772 288956

Next Steps?

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