3 Bed Bungalow, Refurb/BRRR, Preston, PR5 0DY, £119,995

Mintholme Avenue, Hoghton, Preston, PR5 0DY - 2 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~70 m²
+10 photos

ValuationFair Value

Sold Prices£120K - £487.5K
Sold Prices/m²£1.6K/m² - £6.2K/m²

 

 

Square Metres

~69.58 m²
Price/m²£1.7K/m²

Value Estimate

£119,995

 

 

End Value (After Refurb)

£148,983

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£29,999

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£29,499

Bridging Loan Interest

£3,150

Total Cash In

£71,598

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£148,983

Mortgage (After Refinance)

£111,737

Mortgage LTV

75%

Cash Released

£21,741

Cash Left In

£49,857

Equity

£37,246

Rent Range

£320 - £3,250

Rent Estimate

£1,005

Running Costs/mo

£687

Cashflow/mo

£318

Cashflow/yr

£3,821

ROI

5%

Gross Yield

10%

Local Sold Prices

26 sold prices from £120K to £487.5K, average is £187.5K. £1.6K/m² to £6.2K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£135K05/210.03 mi22, Arrowsmith Close, Hoghton, Preston, Lancashire PR5 0DU3
£182K09/210.05 mi1, Friths Avenue, Hoghton, Preston, Lancashire PR5 0DX3
£160K09/210.06 mi61, Arrowsmith Drive, Hoghton, Preston, Lancashire PR5 0DT3
£155K12/200.09 mi28, Knowsley Drive, Hoghton, Preston, Lancashire PR5 0EE3
£185K02/230.12 mi7, Brookhouse Close, Hoghton, Preston, Lancashire PR5 0FH3
£140K07/210.12 mi327, Gregson Lane, Hoghton, Preston, Lancashire PR5 0FD3
£134K02/210.12 mi341, Gregson Lane, Hoghton, Preston, Lancashire PR5 0FD3
£268K11/200.16 mi5, Friths Court, Hoghton, Preston, Lancashire PR5 0EF3
£160K11/200.2 mi289, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£273K11/220.2 mi265, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£205K07/230.2 mi302, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£210K03/230.2 mi287, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£168.5K05/210.24 mi8, Bournes Row, Hoghton, Preston, Lancashire PR5 0DR3
£225K06/230.24 mi57, Bournes Row, Hoghton, Preston, Lancashire PR5 0DR3
£158K04/210.25 mi5, Meadowside Drive, Hoghton, Preston, Lancashire PR5 0AP3
£185K12/200.29 mi42, Bournesfield, Hoghton, Preston, Lancashire PR5 0EH3
£190K08/230.36 mi63, Hayfield Avenue, Hoghton, Preston, Lancashire PR5 0AX3
£233.2K03/230.45 mi221, Hoghton Lane, Hoghton, Preston, Lancashire PR5 0JE3
£206K12/200.52 mi1, Methuen Close, Hoghton, Preston, Lancashire PR5 0JP3
£275K09/210.56 mi24, Fox Lane, Hoghton, Preston, Lancashire PR5 0JQ3
£487.5K09/210.64 miMill House Cottage, Mill House Lane, Brindle, Chorley, Lancashire PR6 8NS3
£250K09/210.65 mi4, Winster Close, Hoghton, Preston, Lancashire PR5 0PA3
£202.5K08/230.7 mi20, Grange Drive, Hoghton, Preston, Lancashire PR5 0LP3
£215K12/200.73 miWellsbourne, Bank Head Lane, Bamber Bridge, Preston, Lancashire PR5 6YR3
£150K06/210.86 mi2, Charles Crescent, Hoghton, Preston, Lancashire PR5 0LL3
£120K03/210.93 mi61, Gregson Lane, Hoghton, Preston, Lancashire PR5 0LE3

Local Rents

50 rents from £320/mo to £3.3K/mo, average is £885/mo.

RentDateDistanceAddressBeds 
£85006/240.06 miArrowsmith Drive, Hoghton2
£3,25012/240.13 miBrookhouse Drive, Marklands, Lostock Hall, Preston, PR55
£2,60012/240.13 miBrookhouse Drive, Marklands, Lostock Hall, Preston, PR54
£79510/230.21 miAlma Row, Preston, Lancashire, PR52
£1,00006/240.24 mi-3
£1,10012/240.24 miAlder Drive, Hoghton3
£95006/240.27 miBankhead Lane, Hoghton, Preston, PR53
£1,20012/240.28 mi-3
£92506/240.34 miAldersleigh Crescent, Hoghton, Preston, PR52
£1,25003/250.6 mi-3
£97512/240.63 mi-3
£90006/240.7 miLowick Close, Hoghton, Preston, PR52
£87512/240.71 miGrange Drive, Hoghton, Preston, Lancashire, PR52
£59506/240.92 miAshtree Court, Higher Walton1
£99512/241.05 miOak Leaf Drive, Bamber Bridge3
£1,25012/241.08 miBrindle Road, Bamber Bridge, Preston, Lancashire, PR54
£1,60006/241.11 miSussex Close, Bamber Bridge, Preston, Lancashire, PR54
£69502/251.19 mi-2
£67512/241.22 miAlbert Terrace Higher Walton PR5 4DT2
£75012/241.22 miLark Hill, Higher Walton2
£70012/241.25 mi-1
£79506/241.26 miBamber Bridge, Preston, PR51
£82506/241.26 miKittlingbourne Brow, Higher Walton, Preston2
£1,30001/251.26 mi-3
£70012/241.27 miKIttlingbourne Brow, Higher Walton, Preston, PR52
£1,65001/241.29 mi-4
£97503/251.34 mi-2
£1,10003/251.34 mi-3
£1,10002/251.34 mi-3
£97504/251.34 mi-2
£79506/241.41 miCroft Meadow, Bamber Bridge2
£1,10012/241.54 miThe Old Tramway, Tramway Lane, Walton Summit, PR54
£67506/241.59 miCottage Lane, Bamber Bridge, PR52
£1,50012/241.66 miChapel Lane Farm House, Chapel Lane, Hoghton4
£82503/251.68 mi-2
£80002/251.69 mi-2
£70001/251.71 mi-2
£70002/241.79 mi-2
£89506/241.79 miCollins Road, Bamber Bridge3
£97506/241.8 miFareham Close, Walton-le-Dale, Preston, PR53
£79512/241.81 miSkipton Close, Bamber Bridge2
£80006/241.82 miCambridge Road, Bamber Bridge3
£1,35008/241.82 mi-3
£72512/241.82 mi-3
£1,19512/241.82 mi-3
£72512/241.85 mi-2
£80006/241.85 miDaisy Meadow, Preston3
£32012/241.86 miSchool Lane, Bamber Bridge, Preston, PR51
£55006/241.86 miStation Road, Bamber Bridge1
£69512/241.88 mi-1

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

3.87 miles away

Nearest school

0.20 miles away

Nearest train station

1.91 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £119,995

February 10, 2025

Floor Plans

Description

  • Bungalow +
  • Close To Town +
  • Large Driveway +
  • Quiet Area +
  • Versatile Spaces +
  • Must Be Viewed +
  • EPC Rating D +
  • Approx. 749 SQ.FT +

Ben Rose Estate Agents are pleased to present to market this lovely Three-bedroom semi-detached bungalow nestled away on a quiet cul de sac on the outskirts of Hoghton. This home is Ideal for someone seeking a property that lends itself to modernisation and ample opportunity for development. The house provides practicality being situated Only a five minute drive from Bamber Bridge and its amenities, schools and supermarkets. The nearby train Station and easy access to the M6 and M65 motorways make this house a great choice for those needing to commute as well.

As you step into the property, you are greeted by a porch leading into the spacious and cosy lounge with a front facing window that leads you into the hall providing access to the rest of the house. Moving further in, you will find the kitchen. This space could easily be redesigned to accommodate a large kitchen and provides side access to the drive .Continuing down the hall you will find the three well appointed bedrooms, the master easily hosting a large double bed. Finishing the ground floor is the family bathroom featuring an integrated bath.

Moving outside, the property boasts a good-sized garden with lots of privacy. The ample sized drive provides space for several cars as well as a sizable garage that could provide a versatile space.

Overall, this charming bungalow offers a wonderful opportunity to create your cosy dream home in a desirable and quiet location, with a wide opportunity for development. Viewing at the earliest convenience is highly recommended to avoid any potential disappointment.

Agent Details

Ben Rose, Bamber Bridge

01789 335881

Next Steps?

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