6 Bed HMO, Preston, PR1 7UQ, £240,000

Brackenbury Road, Preston, Lancashire, PR1 7UQ - 15 views - 3 months ago

HMO
ROI: 15%
~186 m²
+5 photos

ValuationUndervalued

Sold Prices£92K - £647K
Sold Prices/m²£868/m² - £2.6K/m²

 

 

Square Metres

~186 m²
Price/m²£1.3K/m²

Value Estimate

£288,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Room Rate

£468

Gross Rent

£2,808

Running Costs/mo

£1,973

Cashflow/mo

£835

Cashflow/yr

£10,023

ROI

15%

Gross Yield

14%

Local Sold Prices

9 sold prices from £92K to £647K, average is £352.5K. £868/m² to £2.6K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£248K07/230.04 mi83, Brackenbury Road, Preston, Lancashire PR1 7UR6
£92K04/210.27 mi54, Eldon Street, Preston, Lancashire PR1 7YE6
£647K03/210.37 mi15, Watling Street Road, Fulwood, Preston, Lancashire PR2 8EA6
£125K11/211.32 miApartment 1, 9, Bairstow Street, Preston, Lancashire PR1 3TN6
£370K12/201.41 mi15, Bushell Place, Preston, Lancashire PR1 3TQ6
£340K05/211.47 mi44, Dukes Meadow, Ingol, Preston, Lancashire PR2 7AS6
£420K06/212.07 mi3, Abbot Meadow, Penwortham, Preston, Lancashire PR1 9JX6
£475K11/202.45 mi2, Parklands Close, Penwortham, Preston, Lancashire PR1 0QN6
£352.5K11/202.7 mi22, Moorside Drive, Penwortham, Preston, Lancashire PR1 0XF6

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.81 miles away

Nearest school

0.20 miles away

Nearest train station

1.20 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £240,000

February 7, 2025

Description

  • 6 Bedrooms +
  • 6 Bed Hmo Property +
  • Excellent Investment Property +
  • Sought After Location +
  • Living Room +
  • Kitchen +
  • Bathroom +
  • Shower Room +
  • Back Yard +
  • On Street Parking +

This striking terraced house, now on sale, is a gem in the heart of the United Kingdom. The property is neutrally decorated, allowing for a blank canvas for you to make your mark and design your dream interior. The house boasts six generously proportioned bedrooms, offering plenty of space for a growing family or for welcoming guests.

The property features one reception room, a space perfect for hosting and entertaining. The kitchen, one of the home's defining features, offers a contemporary space to cook and dine, filled with ample potential for you to add your personal touch. The home also includes two bathrooms, reducing morning queues and providing convenience for larger families or shared living arrangements.

The energy efficiency of this property is rated as 'D' on the EPC scale, and it falls within the 'B' council tax band. The property offers unique features such as on-street parking, which is always a valuable asset in a bustling location. The back yard provides a private outdoor space, perfect for summer barbecues or a quiet morning coffee. The house also comes with an HMO property status, making it an ideal choice for investors.

Location-wise, the house is excellently positioned with public transport links, nearby schools, parks and cycling routes right on your doorstep. The property is situated in a sought-after location, making it a truly desirable investment. With its convenient location, unique features, and neutral decoration, this house is an opportunity not to be missed.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

PRS250063/2

Agent Details

Reeds Rains, Preston

01772 283830

Next Steps?

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

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