3 Bed Bungalow, Refurb/BRRR, Preston, PR2 9SA, £215,000

Green Drive, Preston, PR2 9SA 9 - 2 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 1%
~93 m²
+25 photos

ValuationOvervalued

Sold Prices£106K - £307K
Sold Prices/m²£1.1K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£192,386

 

 

End Value (After Refurb)

£221,355

Uplift in Value

+3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£53,750

Stamp Duty & Legal Fees

£7,650

Refurb Costs

£39,357

Bridging Loan Interest

£5,644

Total Cash In

£108,150

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£221,355

Mortgage (After Refinance)

£166,016

Mortgage LTV

75%

Cash Released

£4,766

Cash Left In

£103,384

Equity

£55,339

Rent Range

£695 - £1,500

Rent Estimate

£999

Running Costs/mo

£912

Cashflow/mo

£87

Cashflow/yr

£1,050

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £106K to £307K, average is £165K. £1.1K/m² to £3.4K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£143K05/210.12 mi186, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AJ3
£199.9K12/200.12 mi73, Irongate, Bamber Bridge, Preston, Lancashire PR5 6UY3
£190K03/230.16 mi20, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX3
£194K02/230.24 mi120, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AE3
£170K05/210.26 mi33, Rosemeade Avenue, Lostock Hall, Preston, Lancashire PR5 5XN3
£152.5K06/230.26 mi20, Glendale Crescent, Lostock Hall, Preston, Lancashire PR5 5YA3
£241.5K06/230.28 mi2, Highfield Avenue, Lostock Hall, Preston, Lancashire PR5 5UX3
£191K11/200.28 mi9, Highfield Avenue, Lostock Hall, Preston, Lancashire PR5 5UX3
£170K11/200.28 mi38, Bridge Way, Lostock Hall, Preston, Lancashire PR5 5YJ3
£149.9K12/200.28 mi24, Glendale Avenue, Lostock Hall, Preston, Lancashire PR5 5XY3
£165.5K03/210.31 mi20, St Marys Close, Walton Le Dale, Preston, Lancashire PR5 4UN3
£162.9K11/200.33 mi4, Mossfield Close, Lostock Hall, Preston, Lancashire PR5 5AG3
£125K05/230.33 mi3, Mossfield Close, Lostock Hall, Preston, Lancashire PR5 5AG3
£200K04/230.33 mi20, St Marys Avenue, Walton Le Dale, Preston, Lancashire PR5 4UE3
£307K11/210.37 mi91, Todd Lane North, Lostock Hall, Preston, Lancashire PR5 5UP3
£195K04/230.39 mi2, Linden Close, Lostock Hall, Preston, Lancashire PR5 5BS3
£205K05/210.39 mi24, Highgale Gardens, Lostock Hall, Preston, Lancashire PR5 5YT3
£128K11/200.41 mi45, Alpine Avenue, Lostock Hall, Preston, Lancashire PR5 5LG3
£242K03/230.42 mi6, Medway Close, Lostock Hall, Preston, Lancashire PR5 5AF3
£137.5K12/200.42 mi12, Aldwych Drive, Lostock Hall, Preston, Lancashire PR5 5LF3
£165K04/210.42 mi2, Severn Drive, Walton Le Dale, Preston, Lancashire PR5 4TE3
£197K09/210.42 mi30, Severn Drive, Walton Le Dale, Preston, Lancashire PR5 4TE3
£180K01/210.43 mi44, Duddle Lane, Walton Le Dale, Preston, Lancashire PR5 4UD3
£140K12/200.44 mi51, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE3
£165K08/230.44 mi6, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE3
£106K11/210.44 mi32, Avondale Drive, Lostock Hall, Preston, Lancashire PR5 5BQ3
£155K11/210.45 mi48, Doodstone Drive, Lostock Hall, Preston, Lancashire PR5 5TX3
£155K12/220.45 mi8, Fern Close, Lostock Hall, Preston, Lancashire PR5 5BU3
£165K04/210.46 mi61, Wateringpool Lane, Lostock Hall, Preston, Lancashire PR5 5AN3
£137K10/200.47 mi4, Welbeck Crescent, Bamber Bridge, Preston, Lancashire PR5 6ST3
£179K04/210.47 mi10, Welbeck Crescent, Bamber Bridge, Preston, Lancashire PR5 6ST3
£165K06/210.49 mi90, Wateringpool Lane, Lostock Hall, Preston, Lancashire PR5 5UA3
£165K12/200.5 mi39, Rydal Avenue, Walton Le Dale, Preston, Lancashire PR5 4RU3
£134K11/200.5 mi11, Rydal Avenue, Walton Le Dale, Preston, Lancashire PR5 4RU3
£142K07/210.5 mi14, Kentmere Avenue, Walton Le Dale, Preston, Lancashire PR5 4RX3
£180K12/220.54 mi52, Old Hall Drive, Bamber Bridge, Preston, Lancashire PR5 6FX3
£150K06/210.54 mi4, Regents Way, Bamber Bridge, Preston, Lancashire PR5 6UH3
£135K05/210.54 mi125, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA3
£135K05/210.54 mi125, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA3
£238K12/220.54 mi42, Coniston Drive, Walton Le Dale, Preston, Lancashire PR5 4RP3
£265K11/200.54 mi46, Coniston Drive, Walton Le Dale, Preston, Lancashire PR5 4RP3
£165K03/210.54 mi42, Coniston Drive, Walton Le Dale, Preston, Lancashire PR5 4RP3
£274K04/210.54 mi111, Edward Street, Bamber Bridge, Preston, Lancashire PR5 6FD3
£150K02/230.54 mi54, Edward Street, Bamber Bridge, Preston, Lancashire PR5 6FD3
£186K05/230.56 mi11, Selkirk Drive, Walton Le Dale, Preston, Lancashire PR5 4TJ3
£151K10/210.56 mi11, Queensway, Bamber Bridge, Preston, Lancashire PR5 6UB3
£150K03/210.57 mi23b, Victoria Street, Lostock Hall, Preston, Lancashire PR5 5RA3
£162K10/200.58 mi10, The Boulevard, Walton Le Dale, Preston, Lancashire PR5 4NY3
£162.5K07/210.58 mi5, The Boulevard, Walton Le Dale, Preston, Lancashire PR5 4NY3
£128K01/230.58 mi20, Ward Street, Lostock Hall, Preston, Lancashire PR5 5HR3

Local Rents

26 rents from £695/mo to £1.5K/mo, average is £985/mo.

RentDateDistanceAddressBeds 
£1,50012/240.37 miTodd Lane North, Lostock Hall3
£1,00012/240.42 miBrampton Drive, Bamber Bridge3
£1,10006/240.47 miGarforth Crescent,Bamber Bridge,PR5 6SS ***PETS WELCOME***3
£1,10003/250.53 mi-3
£77512/240.57 miWatkin Lane, Lostock Hall, Preston3
£69502/240.58 mi-3
£75006/240.59 mi-3
£99504/250.61 mi-3
£79502/240.63 mi-3
£82512/240.67 miJames Street, Bamber Bridge, Preston3
£85006/240.74 miKilngate, Lostock Hall, Preston3
£1,20012/240.76 miMorland Avenue, Lostock Hall, Preston3
£1,20009/240.77 mi-3
£77512/240.77 mi-3
£89506/240.8 miCollins Road, Bamber Bridge3
£80006/240.82 miCambridge Road, Bamber Bridge3
£1,25006/240.83 miElmtree Avenue, Penwortham, Preston3
£1,15006/240.86 miSpinners Avenue, Bamber Bridge, Preston3
£1,47506/240.86 miSpinners Avenue, Wren Green Bamber Bridge3
£1,00008/240.9 miLeyland Road, Penwortham3
£1,19512/240.93 mi-3
£72512/240.95 mi-3
£90012/241.06 miHolland House Road, Walton Le Dale3
£1,20007/241.12 miRookery Drive, Penwortham, Preston3
£97506/241.13 miFareham Close, Walton-le-Dale, Preston, PR53
£95008/241.19 miGreaves Meadow, Penwortham, Preston3

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

2.83 miles away

Nearest school

0.20 miles away

Nearest train station

2.25 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £215,000

February 6, 2025

Floor Plans

Description

  • Corner Plot Bungalow +
  • Ideal investment, first time buy or downsizer property +
  • Close to Royal Preston Hospital +
  • 3 bedrooms, 2 are doubles +
  • Spacious living room +
  • Cul de sac location +
  • Ample parking and garage +
  • Front and rear well maintained gardens +
  • Secluded to rear and not overlooked +
  • No chain or sold with tenant +

Attention downsizers, investors and first time buyers!

Fantastically located true bungalow in the heart of Fulwood, just two minutes walk from Royal Preston Hospital and close to shops and amenities. A quiet location too, as this bungalow nestles on a corner plot to the bottom of the Green Drive and feels really tucked away and peaceful.

With ample off road parking to the front and an additional driveway and detached garage, there's ample space for multiple vehicles. The front garden is attractively landscaped and the entrance to the bungalow is tucked away to the side with entrance porch.

Whilst the bungalow is really well presented throughout, it lends itself to putting your own stamp on the internal decor and would benefit from some small modernisations. The living space is versatile and can be adapted to suit. With three bedrooms and a large dining lounge or indeed could be used as a two bedroom home with two reception rooms. The bathroom has both panelled bath and electric shower over so would suit families or singles / couples alike.

It would be ideal from someone who is downsizing yet wants to be close to local facilities. However due to the highly central location, it could also suit a buy to let investor or a first time buyer.

The rear garden is a key highlight as it is completely private and a good size with a variety of evergreens so looks pleasant year round. There's a flagged patio area and the garden is fully enclosed by fencing and gated to the side.

Available chain free, or also with the option of a sitting tenant and a ready income.

We have priced this home to sell and so early viewings are welcome.

Agent Details

Vanessa Daley Estates Limited, Preston

01772 963177

Next Steps?

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