3 Bed Semi-Detached House, Refurb/BRRR, Preston, PR5 5BL, £255,000

Marilyn Avenue, Lostock Hall, Preston, PR5 5BL - 2 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+22 photos

ValuationOvervalued

Sold Prices£93K - £242K
Sold Prices/m²£939/m² - £2.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£193,048

 

 

End Value (After Refurb)

£194,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£39,428

Bridging Loan Interest

£6,694

Total Cash In

£128,322

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£194,500

Mortgage (After Refinance)

£145,875

Mortgage LTV

75%

Cash Left In

£128,322

Equity

£48,625

Rent Range

£695 - £1,500

Rent Estimate

£1,023

Running Costs/mo

£832

Cashflow/mo

£191

Cashflow/yr

£2,287

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £93K to £242K, average is £153.8K. £939/m² to £2.9K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£162.9K11/200.02 mi4, Mossfield Close, Lostock Hall, Preston, Lancashire PR5 5AG3
£125K05/230.02 mi3, Mossfield Close, Lostock Hall, Preston, Lancashire PR5 5AG3
£170K05/210.1 mi33, Rosemeade Avenue, Lostock Hall, Preston, Lancashire PR5 5XN3
£194K02/230.11 mi120, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AE3
£106K11/210.11 mi32, Avondale Drive, Lostock Hall, Preston, Lancashire PR5 5BQ3
£155K12/220.13 mi8, Fern Close, Lostock Hall, Preston, Lancashire PR5 5BU3
£128K11/200.18 mi45, Alpine Avenue, Lostock Hall, Preston, Lancashire PR5 5LG3
£195K04/230.19 mi2, Linden Close, Lostock Hall, Preston, Lancashire PR5 5BS3
£137.5K12/200.2 mi12, Aldwych Drive, Lostock Hall, Preston, Lancashire PR5 5LF3
£150K03/210.23 mi23b, Victoria Street, Lostock Hall, Preston, Lancashire PR5 5RA3
£165K04/210.23 mi61, Wateringpool Lane, Lostock Hall, Preston, Lancashire PR5 5AN3
£143K05/210.24 mi186, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AJ3
£205K05/210.25 mi24, Highgale Gardens, Lostock Hall, Preston, Lancashire PR5 5YT3
£124K06/230.25 mi2, Hoghton Street, Lostock Hall, Preston, Lancashire PR5 5RQ3
£140K12/200.26 mi51, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE3
£165K08/230.26 mi6, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE3
£150K01/210.27 mi1, Jubilee Road, Lostock Hall, Preston, Lancashire PR5 5RR3
£135K05/210.29 mi125, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA3
£135K05/210.29 mi125, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA3
£128K01/230.3 mi20, Ward Street, Lostock Hall, Preston, Lancashire PR5 5HR3
£103.5K10/200.3 mi12, Fairfield Street, Lostock Hall, Preston, Lancashire PR5 5HX3
£171.5K11/220.32 mi10, Great Meadow, Lostock Hall, Preston, Lancashire PR5 5EY3
£93K11/200.33 mi434, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5RY3
£106K04/210.34 mi475, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SD3
£152.5K06/230.35 mi20, Glendale Crescent, Lostock Hall, Preston, Lancashire PR5 5YA3
£155K10/210.36 mi87, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SQ3
£190K03/230.36 mi20, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX3
£132.5K01/210.37 mi9, South View, Lostock Hall, Preston, Lancashire PR5 5HE3
£127.5K01/210.38 mi1, Harold Terrace, Lostock Hall, Preston, Lancashire PR5 5SE3
£170K11/200.38 mi38, Bridge Way, Lostock Hall, Preston, Lancashire PR5 5YJ3
£165K06/210.39 mi90, Wateringpool Lane, Lostock Hall, Preston, Lancashire PR5 5UA3
£199.9K12/200.39 mi73, Irongate, Bamber Bridge, Preston, Lancashire PR5 6UY3
£163K04/230.39 mi35, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SQ3
£151K12/220.39 mi81, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SQ3
£149.9K12/200.39 mi24, Glendale Avenue, Lostock Hall, Preston, Lancashire PR5 5XY3
£162K06/210.4 mi86, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TL3
£163K04/210.4 mi62, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TL3
£155K11/210.4 mi48, Doodstone Drive, Lostock Hall, Preston, Lancashire PR5 5TX3
£242K03/230.41 mi6, Medway Close, Lostock Hall, Preston, Lancashire PR5 5AF3
£188K08/210.42 mi22, Morland Avenue, Lostock Hall, Preston, Lancashire PR5 5LU3
£185K01/210.42 mi5, Morland Avenue, Lostock Hall, Preston, Lancashire PR5 5LU3
£147.9K06/210.42 mi63, Coote Lane, Lostock Hall, Preston, Lancashire PR5 5JD3
£147.5K06/230.42 mi43, Lourdes Avenue, Lostock Hall, Preston, Lancashire PR5 5TB3
£152.5K03/210.42 mi435, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SB3
£205K04/210.42 mi7, Blake Avenue, Lostock Hall, Preston, Lancashire PR5 5LY3
£160K05/230.42 mi5, Ampleforth Drive, Lostock Hall, Preston, Lancashire PR5 5TD3
£129.9K10/210.44 mi66, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SR3
£136.5K11/200.44 mi68, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SR3
£175K08/230.44 mi52, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SR3
£177.5K05/230.44 mi20, Marina Grove, Lostock Hall, Preston, Lancashire PR5 5SR3

Local Rents

25 rents from £695/mo to £1.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£77512/240.24 miWatkin Lane, Lostock Hall, Preston3
£69502/240.24 mi-3
£1,10002/250.28 mi-3
£75006/240.31 mi-3
£79502/240.32 mi-3
£1,20012/240.43 miMorland Avenue, Lostock Hall, Preston3
£1,20009/240.44 mi-3
£1,50012/240.52 miTodd Lane North, Lostock Hall3
£1,00008/240.66 miLeyland Road, Penwortham3
£1,25006/240.74 miElmtree Avenue, Penwortham, Preston3
£1,00012/240.75 miBrampton Drive, Bamber Bridge3
£1,10006/240.79 miGarforth Crescent,Bamber Bridge,PR5 6SS ***PETS WELCOME***3
£85006/240.91 miKilngate, Lostock Hall, Preston3
£1,20007/240.92 miRookery Drive, Penwortham, Preston3
£95008/240.96 miGreaves Meadow, Penwortham, Preston3
£82512/241.01 miJames Street, Bamber Bridge, Preston3
£77512/241.03 mi-3
£99507/241.08 miGiller Close, Penwortham, Preston, Lancashire, PR13
£80006/241.12 miCambridge Road, Bamber Bridge3
£1,15006/241.12 miSpinners Avenue, Bamber Bridge, Preston3
£1,47506/241.12 miSpinners Avenue, Wren Green Bamber Bridge3
£1,25003/251.13 mi-3
£89506/241.14 miCollins Road, Bamber Bridge3
£1,19512/241.2 mi-3
£85007/241.2 miSycamore Drive, Penwortham, Preston, PR13

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.94 miles away

Nearest school

0.20 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £255,000

February 18, 2025

Floor Plans

Description

  • Three Bedroom +
  • Extended Semi Detached Bungalow +
  • Cul De Sac +
  • NO CHAIN +
  • Off Road Parking +
  • Must Be Viewed +
  • EPC Rating C +
  • Approx 1567 Sq Ft +

Nestled in the heart of Lostock Hall, Ben Rose Estate Agents proudly present this extended three-bedroom semi-detached bungalow, perfect for families seeking space and versatility. Enjoying proximity to excellent local schools, shops, and amenities, along with convenient transport links via the nearby train station and roads leading to Preston City Centre, this property promises a lifestyle of ease and accessibility. Early viewing is highly recommended to secure your chance at this desirable home.

Internally upon entering you'll find a spacious entrance hall providing access to all ground floor rooms. Welcoming you at the front is the generously sized lounge, featuring a bay window and a cozy log burning fireplace. Across the hall, discover access to the loft and three bedrooms, all sufficient in size to comfortably accommodate double beds, At the end of the hall lies a modern three-piece family bathroom with bath and over the bath shower along with access to the highlight of the home in the stunning kitchen/dining room. Extended in 2021 this wonderful space boasts a range of wall and base units, a large rangemaster cooker, Belfast sink, and exposed brick wall. Here you'll also find an additional multi fuel fire along with a seamless transition to the rear garden via a set of patio doors.

Venture upstairs to find the spacious fully boarded loft, currently utilized as an additional bedroom. Flooded with natural light from skylights and offering abundant eaves storage, this area presents versatile living options to suit your needs.

Outside, the property enjoys the tranquility of a quiet cul-de-sac location. The driveway provides parking space for up to three cars, complemented by a single detached garage. The rear garden, boasting a generous size, features a lush lawn and paved areas, ideal for outdoor relaxation and entertaining. Recent upgrades include a new combi boiler fitted in 2021 and a new roof installed in October 2020. With its impeccable finish and thoughtful renovations, this home offers the perfect blend of comfort, convenience, and charm

Agent Details

Ben Rose, Bamber Bridge

01789 335881

Next Steps?

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