2 Bed Terraced House, Refurb/BRRR, Preston, PR5 5HA, £75,000

101 Watkin Lane, Lostock Hall PR5 5HA - 2 months ago

Leasehold
Refurb/BRRR
ROI: 2%
~81 m²
+7 photos

ValuationUndervalued

Sold Prices£70K - £225K
Sold Prices/m²£1.1K/m² - £4.4K/m²

 

 

Square Metres

~80.80 m²
Price/m²£928/m²

Value Estimate

£77,250
BMV3%

 

 

End Value (After Refurb)

£155,759

Uplift in Value

+108%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£34,256

Bridging Loan Interest

£1,969

Total Cash In

£61,675

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£155,759

Agent Fees (1%)

£1,558

Bridging Loan

£56,250

Bridging Loan Interest

£1,969

Flip Profit

£36,277

Local Sold Prices

50 sold prices from £70K to £225K, average is £131.5K. £1.1K/m² to £4.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£85K10/230 mi81, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA2
£161K10/210.08 mi10, Lords Avenue, Lostock Hall, Preston, Lancashire PR5 5HH2
£115K03/210.08 mi12, Lords Avenue, Lostock Hall, Preston, Lancashire PR5 5HH2
£120K07/210.08 mi9, Lostock Square, Lostock Hall, Preston, Lancashire PR5 5HJ2
£105K01/210.09 mi37, Fairfield Street, Lostock Hall, Preston, Lancashire PR5 5HX2
£112.5K01/230.11 mi14, Fairfield Street, Lostock Hall, Preston, Lancashire PR5 5HX2
£114.5K11/200.12 mi13, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE2
£128K05/210.18 mi15, Lostock View, Lostock Hall, Preston, Lancashire PR5 5HL2
£160K03/230.2 mi38, Moss Lane, Lostock Hall, Preston, Lancashire PR5 5BT2
£125K12/220.21 mi16, Garden Street, Lostock Hall, Preston, Lancashire PR5 5HP2
£133.4K07/210.21 mi1, Garden Street, Lostock Hall, Preston, Lancashire PR5 5HP2
£155.3K07/230.22 mi25, Moss Bridge Park, Lostock Hall, Preston, Lancashire PR5 5LZ2
£150K10/200.22 mi16, Moss Bridge Park, Lostock Hall, Preston, Lancashire PR5 5LZ2
£156K03/230.25 mi29, Victoria Street, Lostock Hall, Preston, Lancashire PR5 5RA2
£220K07/230.27 mi6, Bridge End, Lostock Hall, Preston, Lancashire PR5 5YH2
£118K11/200.27 mi65, Lostock View, Lostock Hall, Preston, Lancashire PR5 5LS2
£105K04/210.31 mi12, Sephton Street, Lostock Hall, Preston, Lancashire PR5 5RP2
£129.5K03/210.32 mi17, Avondale Drive, Lostock Hall, Preston, Lancashire PR5 5BQ2
£215K06/230.32 mi6, Breeze Mount, Lostock Hall, Preston, Lancashire PR5 5YR2
£214K01/230.32 mi2, Breeze Mount, Lostock Hall, Preston, Lancashire PR5 5YR2
£105K01/210.32 mi5, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£133K05/230.32 mi21, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£105K01/210.32 mi5, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£189.9K05/210.34 mi15, River Heights, Lostock Hall, Preston, Lancashire PR5 5YS2
£172K09/230.35 mi30, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AD2
£142.5K06/230.4 mi39, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£129.8K03/210.4 mi3, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£166.5K04/230.4 mi48, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£225K06/230.4 mi31, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£115K04/210.42 mi11, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£150K06/230.42 mi17, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£130K05/210.42 mi8, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£146K06/210.42 mi14, Tudor Croft, Lostock Hall, Preston, Lancashire PR5 5BF2
£70K12/200.42 mi8, The Pickerings, Lostock Hall, Preston, Lancashire PR5 5UZ2
£165K12/220.44 mi8, Linden Drive, Lostock Hall, Preston, Lancashire PR5 5AT2
£145K11/210.47 mi18, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX2
£135K05/210.47 mi30, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX2
£142K11/210.47 mi41, Rushy Hey, Lostock Hall, Preston, Lancashire PR5 5JP2
£92K12/220.49 mi487, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SD2
£125K03/230.49 mi1, East View, Lostock Hall, Preston, Lancashire PR5 5JT2
£170K04/230.49 mi22, Camwood Drive, Lostock Hall, Preston, Lancashire PR5 5AU2
£127K05/210.52 mi42, St Gerrards Road, Lostock Hall, Preston, Lancashire PR5 5TS2
£138.5K12/220.54 mi40, St Gerrards Road, Lostock Hall, Preston, Lancashire PR5 5TS2
£93K02/210.56 mi420, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SA2
£98.5K12/200.56 mi414, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SA2
£102K01/210.56 mi416, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SA2
£130K01/210.57 mi11, Broadmeadow, Lostock Hall, Preston, Lancashire PR5 5SF2
£135K03/230.58 mi33, Broadmeadow, Lostock Hall, Preston, Lancashire PR5 5SF2
£150K08/230.58 mi35, Broadmeadow, Lostock Hall, Preston, Lancashire PR5 5SF2
£122K02/210.59 mi35, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TH2

Local Rents

10 rents from £650/mo to £895/mo, average is £785/mo.

RentDateDistanceAddressBeds 
£87507/240.03 mi-2
£87503/250.03 mi-2
£89512/240.04 mi-2
£79502/250.04 mi-2
£75006/240.08 miKing Street, Lostock Hall2
£85006/240.27 miBridge End, PR52
£65005/240.32 mi-2
£70002/240.4 mi-2
£67502/240.49 mi-2
£77512/240.52 miSt Gerrards Road, Lostock Hall2

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

3.23 miles away

Nearest school

0.50 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £75,000

February 5, 2025

Floor Plans

Description

  • Two Bedrooms +
  • Extended +
  • Mid Terrace +
  • In Need of Modernisation +
  • Popular Location +
  • Close to Local Amenities +

ADDRESS : 101 Watkin Lane, Lostock Hall PR5 5HA. We are acting in the sale of the above property and have received an offer of £75,000. Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place.

Extended two bedroom mid terrace property offered with no chain delay, located in the sought after location of Lostock Hall and close to local amenities including shops, motorways and train stations. The property does require some modernisation throughout and would make a good project for someone looking to add value to a property.

The accomodation briefly comprises, entrance vestibule opening into reception room one, the property then leads through to a second reception room with the kitchen located in the extension at the rear of the property. To the first floor the traditional layout would be two bedrooms and a bathroom.

No chain delay and viewing is recommended to appreciate the potential this property offers to new owners.

Agent Details

Bridgfords, Bamber Bridge

01772 211266

Next Steps?

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