2 Bed Semi-Detached House, Refurb/BRRR, Preston, PR5 4GJ, £130,000

Dorset Avenue, Walton-le-Dale, Preston, Lancashire, PR5 4GJ - 1 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£80K - £209.9K
Sold Prices/m²£976/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£130,174

 

 

End Value (After Refurb)

£151,403

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Refurb Costs

£28,876

Bridging Loan Interest

£3,413

Total Cash In

£71,639

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£151,403

Mortgage (After Refinance)

£113,552

Mortgage LTV

75%

Cash Released

£16,052

Cash Left In

£55,586

Equity

£37,851

Rent Range

£695 - £900

Rent Estimate

£818

Running Costs/mo

£657

Cashflow/mo

£161

Cashflow/yr

£1,935

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £80K to £209.9K, average is £135.5K. £976/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£140K06/230.08 mi84, Windsor Road, Walton Le Dale, Preston, Lancashire PR5 4QH2
£134K11/200.11 mi41, Windsor Road, Walton Le Dale, Preston, Lancashire PR5 4GE2
£132K01/210.11 mi60, Windsor Road, Walton Le Dale, Preston, Lancashire PR5 4GE2
£140K01/210.12 mi24, Marlborough Drive, Walton Le Dale, Preston, Lancashire PR5 4QT2
£166K12/220.14 mi61, Alexandra Road, Walton Le Dale, Preston, Lancashire PR5 4QS2
£130K05/210.14 mi16, Cinnamon Hill Drive North, Walton Le Dale, Preston, Lancashire PR5 4QP2
£147.5K03/230.16 mi27, Marlborough Drive, Walton Le Dale, Preston, Lancashire PR5 4QU2
£133K07/230.16 mi19, Marlborough Drive, Walton Le Dale, Preston, Lancashire PR5 4QU2
£142K01/210.16 mi61c, Marlborough Drive, Walton Le Dale, Preston, Lancashire PR5 4QU2
£145.5K09/210.18 mi18, Windsor Road, Walton Le Dale, Preston, Lancashire PR5 4QE2
£142.5K02/210.18 mi16, Windsor Road, Walton Le Dale, Preston, Lancashire PR5 4QE2
£180K02/230.2 mi45, Wellington Place, Walton Le Dale, Preston, Lancashire PR5 4TR2
£177.5K01/210.2 mi41, Wellington Place, Walton Le Dale, Preston, Lancashire PR5 4TR2
£180K07/230.22 mi4, Lulworth Place, Walton Le Dale, Preston, Lancashire PR5 4TH2
£130K06/210.23 mi26, Allerton Road, Walton Le Dale, Preston, Lancashire PR5 4QB2
£125K11/200.24 mi4, Norfolk Road, Walton Le Dale, Preston, Lancashire PR5 4GB2
£124.5K01/210.24 mi5, Norfolk Road, Walton Le Dale, Preston, Lancashire PR5 4GB2
£138K04/230.24 mi23, Norfolk Road, Walton Le Dale, Preston, Lancashire PR5 4GB2
£132K01/230.27 mi12, Warwick Road, Walton Le Dale, Preston, Lancashire PR5 4GA2
£155K11/220.29 mi28, Regent Road, Walton Le Dale, Preston, Lancashire PR5 4QA2
£123K11/200.3 mi7, Grenville Avenue, Walton Le Dale, Preston, Lancashire PR5 4UA2
£174.9K11/210.35 mi38, Hennel Lane, Walton Le Dale, Preston, Lancashire PR5 4LD2
£200K05/230.35 mi40, Renshaw Drive, Walton Le Dale, Preston, Lancashire PR5 4RB2
£180K04/210.39 mi63, The Ferns, Lostock Hall, Preston, Lancashire PR5 5QT2
£209.9K08/230.4 mi20, Renshaw Drive, Walton Le Dale, Preston, Lancashire PR5 4RA2
£186K12/200.44 mi53a, Duddle Lane, Walton Le Dale, Preston, Lancashire PR5 4UB2
£156K10/210.46 mi158, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£106K06/230.46 mi192, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£145K07/210.47 mi115, Coniston Drive, Walton Le Dale, Preston, Lancashire PR5 4RQ2
£140K07/230.48 mi9, Walton Green, Walton Le Dale, Preston, Lancashire PR5 4JL2
£112.5K11/200.5 mi52, Longbrook Avenue, Bamber Bridge, Preston, Lancashire PR5 6XG2
£80K01/210.51 mi18, Station Road, Bamber Bridge, Preston, Lancashire PR5 6QL2
£102K01/230.52 mi43, Brandiforth Street, Bamber Bridge, Preston, Lancashire PR5 6QA2
£140K01/210.54 mi55, Longbrook Avenue, Bamber Bridge, Preston, Lancashire PR5 6XD2
£112.5K06/210.54 mi45, Longbrook Avenue, Bamber Bridge, Preston, Lancashire PR5 6XD2
£131.5K11/200.54 mi79, Longbrook Avenue, Bamber Bridge, Preston, Lancashire PR5 6XD2
£123K01/230.54 mi25, Brandiforth Street, Bamber Bridge, Preston, Lancashire PR5 6QA2
£108K08/230.54 mi18, Brandiforth Street, Bamber Bridge, Preston, Lancashire PR5 6GA2
£109K05/210.56 mi18, St Aidans Park, Bamber Bridge, Preston, Lancashire PR5 6HG2
£118K07/210.56 mi8, St Aidans Park, Bamber Bridge, Preston, Lancashire PR5 6HG2
£160K10/210.56 mi43, Chorley Road, Walton Le Dale, Preston, Lancashire PR5 4JA2
£155K05/210.57 mi2, St Benets Close, Walton Le Dale, Preston, Lancashire PR5 4UT2
£170K12/200.58 mi2, Convent Close, Bamber Bridge, Preston, Lancashire PR5 6US2
£130K11/200.58 mi119, Higher Walton Road, Walton Le Dale, Preston, Lancashire PR5 4HD2
£128.8K01/210.59 mi105, Higher Walton Road, Walton Le Dale, Preston, Lancashire PR5 4HD2
£110K02/210.59 mi1, Dean Street, Bamber Bridge, Preston, Lancashire PR5 6GP2
£102.5K03/210.59 mi2, Dean Street, Bamber Bridge, Preston, Lancashire PR5 6GP2
£117K01/210.6 mi1, Queens Road, Walton Le Dale, Preston, Lancashire PR5 4HL2
£137K03/230.6 mi1, St Patricks Place, Walton Le Dale, Preston, Lancashire PR5 4HN2
£107.5K05/210.61 mi4, Skipton Close, Bamber Bridge, Preston, Lancashire PR5 6HF2

Local Rents

10 rents from £695/mo to £900/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£89506/240.1 miChatsworth Road, Walton-le-Dale, Preston, Lancashire, PR52
£79512/240.14 mi-2
£85001/250.2 mi-2
£90012/240.26 miDuddle Lane, Walton-Le-Dale, Preston, PR52
£85012/240.28 mi-2
£85012/240.28 mi-2
£69512/240.42 miHolland House Road, Walton-le-dale, Preston2
£70012/240.46 miHolland House Way, Bamber Bridge2
£85002/240.6 mi-2
£79512/240.61 miSkipton Close, Bamber Bridge2

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.18 miles away

Nearest school

0.40 miles away

Nearest train station

0.96 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £130,000

February 11, 2025

Description

  • Highly sought-after location +
  • Two double bedrooms +
  • Abundant natural light +
  • Single garage +
  • Ample parking space +
  • Garden with potential +
  • Excellent transport links +
  • Close to local schools +
  • Near green spaces +
  • Investment opportunity +

We are delighted to present a remarkable opportunity to acquire a semi-detached house in a highly sought-after location. This property is listed for sale and offers an excellent investment opportunity, ideally suited for investors.

The house, needing renovation, boasts a wealth of potential to be transformed into a beautiful home tailored to your personal style. It features two double bedrooms, a three-piece suite bathroom, and a full kitchen that requires fitting. Additionally, there is a reception room, which benefits from large windows, allowing for an abundance of natural light to flood the area, enhancing the overall space.

Despite the requirement for refurbishment, this property has unique features that significantly add to its charm and potential. It comes with the added benefit of a single garage and ample parking space, perfect for a family with multiple vehicles. Additionally, the property is complemented by a garden, presenting a wonderful opportunity to create an outdoor haven.

The property is located in an area that boasts excellent public transport links, making commuting effortless. It is also in proximity to local schools and amenities, offering the convenience of easy access to essential services. For outdoor enthusiasts, it sits near green spaces, parks and offers walking and cycling routes.

Being in council tax band B, this property promises to be a superb investment opportunity, offering the perfect blend of convenience and potential. The amalgamation of location, unique features, and the potential for customisation makes this a not-to-be-missed opportunity. Tenure Freehold, Awaiting EPC, Council Tax Band B.

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.

BBR250034/2

Agent Details

Reeds Rains, Bamber Bridge

01772 288285

Next Steps?

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