2 Bed Flat, Single Let, Preston, PR1 3BW, £75,000

Grimshaw Place, Preston, Lancashire, PR1 3BW - 2 months ago

Leasehold
BTL
ROI: 15%
~67 m²
+4 photos

ValuationUndervalued

Sold Prices£44.5K - £163K
Sold Prices/m²£1.1K/m² - £5.8K/m²

 

 

Square Metres

~66.70 m²
Price/m²£1.1K/m²

Value Estimate

£93,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£23,700

 

 

Cash Out

 

Rent Range

£675 - £1,500

Rent Estimate

£695

Running Costs/mo

£393

Cashflow/mo

£302

Cashflow/yr

£3,620

ROI

15%

Gross Yield

11%

Local Sold Prices

50 sold prices from £44.5K to £163K, average is £91K. £1.1K/m² to £5.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£82K05/230 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£81K12/220.01 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£50K07/230.19 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.19 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£67K12/220.41 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£44.5K10/200.41 miApartment 58, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.41 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£79.5K04/210.44 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£60K04/210.44 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£65K04/210.62 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£80K09/210.81 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£130K06/230.83 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£105K01/230.87 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£85K12/220.91 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£97K01/231.04 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£78K03/231.12 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£67K10/201.16 mi77, Brackenbury Road, Preston, Lancashire PR1 7UQ2
£80K06/211.2 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£83K10/211.43 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£86K03/231.43 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.43 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.43 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£92K05/211.53 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£52.5K04/211.53 miFlat 21, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£59.4K10/201.53 miFlat 14, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£61.5K12/221.53 miFlat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£75K11/201.58 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£110K11/221.6 miFlat 7, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£112.5K07/231.6 miFlat 5, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£105K07/211.6 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/231.6 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/201.6 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£114K10/201.6 mi43, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£160K01/211.62 mi3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£100K10/201.62 mi94a, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£140K12/221.62 mi54, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£130K11/221.69 mi13, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£105K09/231.69 mi49, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£118K04/231.69 mi4, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£145K11/211.7 mi138, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XE2
£125K01/231.71 mi184, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XF2
£142.5K06/231.71 mi44, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£163K02/231.71 mi42, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£123K12/221.71 mi30, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£151.5K01/231.71 mi56, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£128K05/231.72 mi86, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£131K05/231.72 mi86a, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£108K03/221.75 mi184, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2

Local Rents

50 rents from £675/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£85011/240.01 mi-2
£72507/240.02 miManchester Road, Preston2
£67506/240.02 miAbram House, Manchester Road, Preston, Lancashire, PR12
£75007/240.05 mi-2
£75007/240.05 miWalker Place, Preston, PR12
£75007/240.05 miWalker Place, Preston, PR12
£1,00006/240.11 mi-2
£1,00006/240.11 mi-2
£1,10006/240.11 mi-2
£1,10006/240.11 mi-2
£1,00006/240.11 mi-2
£1,00006/240.11 mi-2
£87506/240.11 miThe Exchange, Pole Street, PR12
£69507/240.11 miCity Court Preston PR1 1DY2
£1,00011/240.13 mi-2
£93003/250.13 mi-2
£1,25006/240.14 miThe Exchange, Preston City Centre2
£1,00006/240.14 miThe Exchange, Preston City Centre2
£90007/240.14 mi-2
£1,00006/240.15 mi-2
£1,15006/240.16 miThe Exchange, Percy Street, Preston2
£1,20006/240.16 miThe Exchange, Percy Street, Preston2
£1,25506/240.16 miThe Exchange, Percy Street, Preston2
£1,35006/240.16 miThe Exchange, Percy Street, Preston2
£1,17506/240.16 miThe Exchange, Percy Street, Preston2
£1,35006/240.16 miThe Exchange, Percy Street, Preston2
£1,10007/240.16 miThe Exchange, Percy Street, Preston2
£1,20006/240.16 miThe Exchange, Percy Street, Preston2
£1,50006/240.16 miThe Exchange, Percy Street , Preston2
£1,00006/240.16 miThe Exchange, Percy Street, Preston2
£1,10007/240.16 miThe Exchange, Percy Street , Preston2
£1,14506/240.16 miThe Exchange, Percy Street, Preston2
£1,25006/240.16 miThe Exchange, Percy Street, Preston2
£1,14506/240.16 miThe Exchange, Percy Street, Preston2
£1,00006/240.16 miThe Exchange, Percy Street, Preston2
£1,15007/240.16 miThe Exchange, Percy Street, Preston2
£1,15007/240.16 miThe Exchange, Percy Street, Preston2
£1,15007/240.16 miThe Exchange , Percy Street, Preston2
£1,25007/240.16 miThe Exchange, Percy Street, Preston2
£1,12007/240.16 miThe Exchange, Percy Street, Preston2
£1,28007/240.16 miThe Exchange, Percy Street, Preston2
£1,22507/240.16 miThe Exchange, Percy Street, Preston 2
£1,24507/240.16 miThe Exchange, Percy Street, Preston2
£1,10007/240.16 miThe Exchange, Percy Street , Preston2
£1,10007/240.16 miThe Exchange, Percy Street , Preston2
£1,27007/240.16 miThe Exchange, Percy Street, Preston2
£1,27008/240.16 miThe Exchange, Percy Street, Preston2
£1,10008/240.16 miThe Exchange, Percy Street , Preston2
£1,27006/240.16 miThe Exchange, Percy Street, Preston2
£75001/250.16 mi-2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.69 miles away

Nearest school

0.20 miles away

Nearest train station

0.63 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 £75,000

February 28, 2025

Listed for £80,000

February 1, 2025

Floor Plans

Description

  • Modern and spacious two bedroom top floor apartment +
  • Excellent city centre location +
  • Hall, open plan lounge / dining kitchen +
  • Two good sized bedrooms, en-suite and bathroom +
  • Secure gated parking and communal gardens +
  • No chain delay and viewing recommended +

Modern and spacious two bedroom top floor apartment located within this excellent city centre location. Ideal proximity to Preston train station, bus station and local amenities. No chain delay and viewing highly recommended. The accommodation briefly comprises; hallway, open plan lounge / dining kitchen, two good sized bedrooms with juliet balconies, master en-suite and guest bathroom. Double glazing, electric heating system, secure gated parking and communal gardens.

Agent Details

Entwistle Green, Preston

01772 284722

Next Steps?

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