3 Bed Terraced House, Refurb/BRRR, Preston, PR1 3ST, £105,000

Frenchwood Street, Preston, Lancashire, PR1 3ST - 15 views - 3 months ago

Refurb/BRRR

ROI: 12%

~93 m²

+2 photos

ValuationUndervalued

Sold Prices	£77K - £225K
Sold Prices/m²	£805/m² - £2.5K/m²

Square Metres	~93 m²
Price/m²	£1.1K/m²
Value Estimate	£108,150£108,150
BMV	3%

End Value (After Refurb)	£127,701£127,701
Uplift in Value	+22%+22%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£26,250£26,250
Stamp Duty & Legal Fees	£4,350£4,350
Refurb Costs	£39,436£39,436
Bridging Loan Interest	£2,756£2,756
Total Cash In	£74,542£74,542

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£127,701£127,701
Mortgage (After Refinance)	£95,776£95,776
Mortgage LTV	75%75%
Cash Released	£17,026£17,026
Cash Left In	£57,516£57,516
Equity	£31,925£31,925
Rent Range	£625 - £1,800£625 - £1,800
Rent Estimate	£1,425
Running Costs/mo	£704£704
Cashflow/mo	£721£721
Cashflow/yr	£8,651£8,651
ROI	12%12%
Gross Yield	16%16%

Local Sold Prices

50 sold prices from £77K to £225K, average is £131K. £805/m² to £2.5K/m², average is £1.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£96.5K	02/21	0.32 mi	232, Manchester Road, Preston, Lancashire PR1 4HJ	£1,135	85	3	Terraced House
£77.5K	12/21	0.39 mi	19, Trower Street, Preston, Lancashire PR1 4LY	-	-	3	Terraced House
£95K	12/20	0.41 mi	53, Lark Hill Street, Preston, Lancashire PR1 4JJ	£805	118	3	Terraced House
£180K	08/23	0.43 mi	37, Frenchwood Avenue, Preston, Lancashire PR1 4ND	£2,000	90	3	Terraced House
£99K	11/21	0.44 mi	13, Bence Road, Preston, Lancashire PR1 4NN	£1,447	68	3	Terraced House
£151K	06/23	0.44 mi	3, The Esplanade, Preston, Lancashire PR1 4PJ	-	-	3	Semi-Detached House
£185K	02/23	0.46 mi	16, Southern Parade, Preston, Lancashire PR1 4NH	£2,011	92	3	Terraced House
£195K	11/20	0.46 mi	23, Southern Parade, Preston, Lancashire PR1 4NH	£1,893	103	3	Semi-Detached House
£92K	03/23	0.46 mi	22, George Street, Preston, Lancashire PR1 4JP	£1,373	67	3	Semi-Detached House
£115K	08/21	0.51 mi	52, Brixton Road, Preston, Lancashire PR1 4NR	£1,186	97	3	Terraced House
£170K	07/23	0.53 mi	7, Southern Avenue, Preston, Lancashire PR1 4NL	£1,932	88	3	Terraced House
£170K	01/21	0.53 mi	28, Southern Avenue, Preston, Lancashire PR1 4NL	£1,589	107	3	Semi-Detached House
£170K	11/20	0.55 mi	93, Malvern Avenue, Preston, Lancashire PR1 4PL	£2,099	81	3	Semi-Detached House
£143K	09/21	0.58 mi	40, The Boulevard, Preston, Lancashire PR1 4PE	£1,819	79	3	Semi-Detached House
£180K	09/21	0.58 mi	46, Boulevard, Preston, Lancashire PR1 4PE	£2,096	86	3	Semi-Detached House
£120K	05/21	0.59 mi	26, Deepdale Road, Preston, Lancashire PR1 5AQ	£1,364	88	3	Terraced House
£105K	03/21	0.6 mi	12, St Ignatius Square, Preston, Lancashire PR1 1TT	£1,125	93	3	Terraced House
£132K	11/20	0.62 mi	1, Ashworth Grove, Preston, Lancashire PR1 4PB	£1,500	88	3	Semi-Detached House
£191K	01/23	0.64 mi	60, Grafton Street, Preston, Lancashire PR1 8JH	£1,802	106	3	Terraced House
£110K	04/23	0.65 mi	5, Hind Street, Preston, Lancashire PR1 8JJ	-	-	3	Terraced House
£125K	11/21	0.69 mi	74, South Meadow Lane, Preston, Lancashire PR1 8JN	-	-	3	Semi-Detached House
£115K	09/21	0.7 mi	96, Beech Street South, Preston, Lancashire PR1 8JQ	£1,459	79	3	Terraced House
£130K	11/21	0.72 mi	16, Connaught Road, Preston, Lancashire PR1 8EX	£1,625	80	3	Terraced House
£130K	06/23	0.72 mi	34, Connaught Road, Preston, Lancashire PR1 8EX	£1,625	80	3	Terraced House
£110K	11/20	0.72 mi	46, Connaught Road, Preston, Lancashire PR1 8EX	£1,392	79	3	Terraced House
£91K	11/21	0.74 mi	41, Wolseley Road, Preston, Lancashire PR1 8EU	£867	105	3	Terraced House
£77K	02/23	0.74 mi	6, Stefano Road, Preston, Lancashire PR1 5PL	£1,262	61	3	Terraced House
£127K	04/23	0.77 mi	1, St Pauls Avenue, Preston, Lancashire PR1 1QH	-	-	3	Terraced House
£111.5K	08/21	0.78 mi	33, Langton Street, Preston, Lancashire PR1 8PY	£1,487	75	3	Terraced House
£137K	10/21	0.78 mi	36, River Parade, Preston, Lancashire PR1 8EJ	£2,076	66	3	Terraced House
£180K	01/21	0.78 mi	45, Winckley Road, Preston, Lancashire PR1 8EL	£1,748	103	3	Semi-Detached House
£127K	01/21	0.78 mi	24, Winckley Road, Preston, Lancashire PR1 8EL	£1,233	103	3	Semi-Detached House
£128.5K	06/21	0.79 mi	48, Victoria Road, Walton Le Dale, Preston, Lancashire PR5 4AB	£1,560	82	3	Terraced House
£180K	11/21	0.79 mi	17, Fraser Avenue, Penwortham, Preston, Lancashire PR1 9RA	£2,338	77	3	Semi-Detached House
£140K	04/23	0.8 mi	12, Kilruddery Road, Preston, Lancashire PR1 8ES	-	-	3	Terraced House
£195K	02/23	0.8 mi	126, Margaret Road, Penwortham, Preston, Lancashire PR1 9RU	£2,500	78	3	Semi-Detached House
£98K	08/21	0.8 mi	15, Salisbury Road, Preston, Lancashire PR1 8PS	£1,195	82	3	Semi-Detached House
£182K	04/23	0.8 mi	152, Margaret Road, Penwortham, Preston, Lancashire PR1 9RU	-	-	3	Semi-Detached House
£137K	04/23	0.81 mi	36, Lincoln Street, Preston, Lancashire PR1 6RE	£1,779	77	3	Semi-Detached House
£108.1K	03/21	0.82 mi	40, Hawkhurst Road, Penwortham, Preston, Lancashire PR1 9QS	-	-	3	Semi-Detached House
£151K	01/21	0.82 mi	44, Hawkhurst Road, Penwortham, Preston, Lancashire PR1 9QS	£1,841	82	3	Semi-Detached House
£225K	10/21	0.83 mi	9, Broadgate, Preston, Lancashire PR1 8DX	£1,621	139	3	Terraced House
£165K	06/21	0.83 mi	49, Talbot Road, Penwortham, Preston, Lancashire PR1 9QX	£1,941	85	3	Semi-Detached House
£149.9K	12/20	0.84 mi	7, Riverside Road, Penwortham, Preston, Lancashire PR1 9RE	£1,630	92	3	Terraced House
£143K	02/23	0.84 mi	2, Nottingham Road, Preston, Lancashire PR1 6LE	£1,663	86	3	Terraced House
£126K	03/21	0.85 mi	17, Fairhaven Road, Penwortham, Preston, Lancashire PR1 9RD	£1,465	86	3	Terraced House
£152.5K	06/21	0.86 mi	53, Margaret Road, Penwortham, Preston, Lancashire PR1 9QT	-	-	3	Semi-Detached House
£196.5K	02/21	0.87 mi	38, Gaskell Road, Penwortham, Preston, Lancashire PR1 9RJ	£2,090	94	3	Semi-Detached House
£90K	02/23	0.88 mi	26, Spa Road, Preston, Lancashire PR1 8SL	£957	94	3	Terraced House
£80K	05/23	0.89 mi	21, Fishwick View, Preston, Lancashire PR1 4YA	£1,111	72	3	Terraced House

Local Rents

49 rents from £625/mo to £1.8K/mo, average is £1.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£925	06/24	0.04 mi	Great Avenham Street, Preston, Lancashire, PR1	3	Terraced House
£625	03/25	0.11 mi	-	3	Flat
£725	02/25	0.11 mi	-	3	Flat
£1,000	07/24	0.18 mi	Guild House, Preston	3	Flat
£1,560	06/24	0.19 mi	Ribblesdale Place Preston PR1 3NA	3	Flat
£1,400	07/24	0.21 mi	Glovers Court, Preston	3	Flat
£1,650	07/24	0.22 mi	City Bridge Apartments, Glovers Court, Preston	3	Flat
£1,000	04/25	0.23 mi	-	3	Terraced House
£1,636	06/24	0.31 mi	Connaught House, 15-17 Mount Street, Preston, PR1	3	Flat
£1,569	07/24	0.31 mi	Mount Street, Preston, Lancashire, PR1	3	Flat
£1,175	07/24	0.35 mi	Pole Street, Preston, PR1	3	Flat
£1,560	07/24	0.37 mi	1 Pole Street Preston PR1 1DX	3	Flat
£1,250	07/24	0.38 mi	4 Pole Street, Preston, PR1	3	Flat
£1,495	06/24	0.39 mi	Pole Street, Preston, Lancashire, PR1	3	Flat
£1,150	07/24	0.4 mi	The Exchange Apartments, Preston	3	Flat
£1,150	08/24	0.42 mi	Percy Street, Preston, Lancashire, PR1	3	Flat
£1,650	06/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,800	06/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,800	07/24	0.45 mi	The Exchange, Percy Street , Preston	3	Flat
£1,570	06/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,650	06/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,800	07/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,550	07/24	0.45 mi	The Exchange, Percy Street , Preston	3	Flat
£1,565	06/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,615	07/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,800	06/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,800	07/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,580	07/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,800	07/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,800	07/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,800	07/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,800	07/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,595	08/24	0.45 mi	The Exchange, Percy Street, Preston	3	Flat
£1,800	08/24	0.45 mi	The Exchange, Percy Street , Preston	3	Flat
£1,600	09/24	0.45 mi	The Exchange , Percy Street, Preston	3	Flat
£800	06/24	0.51 mi	Brixton Road, Preston, PR1	3	Terraced House
£1,300	07/24	0.51 mi	Friargate, PRESTON, PR1 2AT	3	Flat
£1,375	07/24	0.51 mi	Friargate, PRESTON PR1 2AT	3	Flat
£995	07/24	0.51 mi	-	3	Terraced House
£1,100	07/24	0.51 mi	St. Pauls Square, Preston, PR1	3	Terraced House
£950	08/24	0.52 mi	Frenchwood Avenue, Preston, PR1	3	Terraced House
£1,326	06/24	0.54 mi	Fishergate, Preston	3	Flat
£1,475	07/24	0.55 mi	The Sorting Office, 42 West Cliff, Preston	3	Flat
£1,150	07/24	0.55 mi	The Sorting Office, 42 West Cliff, Preston	3	Flat
£1,500	09/24	0.55 mi	The Sorting Office, 42 West Cliff, Preston	3	Flat
£950	04/25	0.59 mi	-	3	Flat
£1,000	11/24	0.59 mi	-	3	Terraced House
£694	08/24	0.61 mi	-	3	Terraced House
£1,200	07/24	0.61 mi	Holstein Street, PRESTON, Lancashire PR1 1UN	3	Terraced House

Local Area Statistics

Population in PR1	72,06472,064
Population in Preston	286,036286,036
Town centre distance	0.96 miles away0.96 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.46 miles away0.46 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+3%+3%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £105,000

February 6, 2025

Description

Mid Terraced house +
One Reception Room +
Cellar +
Three Bedrooms +
Double Glazed Windows +
Gas Central Heating +
In Need Of Modernisation +
No Chain Delay +

NB. This property is exclusively available to OWNER OCCUPIERS for the first Six weeks of marketing after which the property will additionally be marketed to PRIVATE LANDLORDS accredited by the relevant local authority.

Sutton Kersh are advertising the market this three bedroom mid terraced house in need of modernisation. The property briefly comprises to the ground floor, entrance hall, lounge and kitchen and below ground there is the cellar. To the first floor there are three bedrooms and family bathroom and to the outside there is a rear yard. The property further benefits from double glazed windows and gas central heating making this a great purchase offered with no chain delay.

Agent Details

Sutton Kersh, City Centre

0151 453 0671

Next Steps?

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

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