3 Bed Semi-Detached House, Refurb/BRRR, Preston, PR2 1SR, £170,000

Elm Avenue, Ashton-on-Ribble, Preston, Lancashire, PR2 1SR - 3 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+4 photos

ValuationOvervalued

Sold Prices£65K - £335K
Sold Prices/m²£727/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£153,260

 

 

End Value (After Refurb)

£181,734

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£39,357

Bridging Loan Interest

£4,463

Total Cash In

£94,369

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£181,734

Mortgage (After Refinance)

£136,300

Mortgage LTV

75%

Cash Released

£8,800

Cash Left In

£85,569

Equity

£45,433

Rent Range

£800 - £1,150

Rent Estimate

£905

Running Costs/mo

£769

Cashflow/mo

£136

Cashflow/yr

£1,633

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £65K to £335K, average is £160.8K. £727/m² to £3.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£240K03/230.03 mi5, Aldwych Drive, Ashton On Ribble, Preston, Lancashire PR2 1SJ3
£213K12/200.1 mi58, Clifton Avenue, Ashton On Ribble, Preston, Lancashire PR2 1SQ3
£179.9K01/210.1 mi259, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1JT3
£262K06/210.1 mi269, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1JT3
£228K07/210.1 mi580a, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1JA3
£175K02/210.18 mi13, Lime Grove, Ashton On Ribble, Preston, Lancashire PR2 1SZ3
£178K03/210.18 mi54, Elm Avenue, Ashton On Ribble, Preston, Lancashire PR2 1SS3
£202K09/210.18 mi621, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1LH3
£80K08/230.18 mi671, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1LH3
£157.5K07/210.18 mi46, Aldwych Drive, Ashton On Ribble, Preston, Lancashire PR2 1SL3
£225K08/230.19 mi10, Kingsway, Ashton On Ribble, Preston, Lancashire PR2 1SP3
£223K05/230.24 mi231, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1SX3
£250K02/210.28 mi25, Abingdon Drive, Ashton On Ribble, Preston, Lancashire PR2 1EY3
£235K10/210.28 mi44, Abingdon Drive, Ashton On Ribble, Preston, Lancashire PR2 1EY3
£143K07/210.31 mi18, Fairfield Drive, Ashton On Ribble, Preston, Lancashire PR2 1JJ3
£140K04/230.31 mi13, Fairfield Drive, Ashton On Ribble, Preston, Lancashire PR2 1JJ3
£335K10/230.36 mi15, Mulgrave Avenue, Ashton On Ribble, Preston, Lancashire PR2 1HJ3
£129.9K06/230.39 mi14, Tinniswood, Ashton On Ribble, Preston, Lancashire PR2 1EL3
£182K03/230.4 mi178, Savick Way, Lea, Preston, Lancashire PR2 1XF3
£180K01/210.4 mi173, Savick Way, Lea, Preston, Lancashire PR2 1XF3
£129K05/210.42 mi2, Luton Road, Ashton On Ribble, Preston, Lancashire PR2 1UT3
£140K03/230.42 mi13, Norcross Place, Ashton On Ribble, Preston, Lancashire PR2 1LP3
£240K01/210.46 mi40, Whinfield Lane, Ashton On Ribble, Preston, Lancashire PR2 1NQ3
£220K09/210.47 mi14, Mayfield Road, Ashton On Ribble, Preston, Lancashire PR2 1EX3
£182K04/210.47 mi54, Windsor Avenue, Ashton On Ribble, Preston, Lancashire PR2 1JD3
£108K12/200.48 mi12, Roseacre Place, Ashton On Ribble, Preston, Lancashire PR2 1ND3
£112K08/210.48 mi31, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1UH3
£158K01/230.48 mi34, Larches Lane, Ashton On Ribble, Preston, Lancashire PR2 1NJ3
£120K12/200.49 mi40, Larches Lane, Ashton On Ribble, Preston, Lancashire PR2 1NJ3
£95K03/210.49 mi18, Creswell Avenue, Ingol, Preston, Lancashire PR2 3XY3
£142.3K06/230.49 mi1, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1UH3
£232K07/230.5 mi101, Powis Road, Ashton On Ribble, Preston, Lancashire PR2 1AE3
£161.5K01/210.51 mi81, Savick Way, Ashton On Ribble, Preston, Lancashire PR2 1SD3
£122K07/230.51 mi693, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1XH3
£101K05/210.51 mi765, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1XH3
£194K12/210.52 mi44, Garden Walk, Ashton On Ribble, Preston, Lancashire PR2 1DQ3
£145K10/210.52 mi6, Parkfield Avenue, Ashton On Ribble, Preston, Lancashire PR2 1JB3
£170K04/230.52 mi12, Parkfield Avenue, Ashton On Ribble, Preston, Lancashire PR2 1JB3
£217.5K08/210.52 mi15, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DR3
£75K02/210.52 mi20, Beachley Road, Ingol, Preston, Lancashire PR2 3YJ3
£157.5K06/230.53 mi16, Marton Road, Ashton On Ribble, Preston, Lancashire PR2 1NN3
£133K07/230.53 mi21, Birkdale Drive, Ashton On Ribble, Preston, Lancashire PR2 1UL3
£140K08/230.53 mi5, Birkdale Drive, Ashton On Ribble, Preston, Lancashire PR2 1UL3
£65K08/230.54 mi23, Tomlinson Road, Ashton On Ribble, Preston, Lancashire PR2 2JY3
£110K06/210.55 mi59, Staining Avenue, Ashton On Ribble, Preston, Lancashire PR2 1NL3
£165K04/230.55 mi19, Staining Avenue, Ashton On Ribble, Preston, Lancashire PR2 1NL3
£160K11/210.57 mi3, Worthing Road, Ingol, Preston, Lancashire PR2 3UQ3
£184.9K05/230.57 mi15, Garden Walk, Ashton On Ribble, Preston, Lancashire PR2 1DP3
£150K02/210.58 mi217, Tulketh Brow, Ashton On Ribble, Preston, Lancashire PR2 2JH3
£157K11/210.58 mi68, Waterloo Road, Ashton On Ribble, Preston, Lancashire PR2 1EN3

Local Rents

14 rents from £800/mo to £1.1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£90012/240.18 miElm Avenue, Ashton-on-Ribble, Preston, PR23
£1,15007/240.24 miWillow Field Cottage, Cottam Lane, Lancashire, PR23
£80001/250.34 mi-3
£90003/250.44 mi-3
£95006/240.46 miWhinfield Lane, Ashton On Ribble, Preston, PR23
£84502/250.51 mi-3
£1,05007/240.51 miHastings Road, Ashton-On-Ribble, Preston3
£95007/240.54 mi-3
£95007/240.54 miMarton Road, Ashton-On-Ribble, Preston, PR23
£82507/240.54 mi-3
£85006/240.56 miFulshaw Road, Ashton-On-Ribble3
£80001/250.6 mi-3
£80003/250.6 mi-3
£82504/250.6 mi-3

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

2.13 miles away

Nearest school

0.20 miles away

Nearest train station

1.73 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £170,000

February 19, 2025

Description

  • 3 Bedrooms +
  • Entrance Hall +
  • Kitchen +
  • Lounge/Diner +
  • Shower Room +
  • External +
  • Freehold +
  • Epc Grade D +
  • Council Tax Band C +
  • Agency Note +

Introducing this semi-detached house, an excellent opportunity for first-time buyers, investors, or families seeking to create their dream home. This property is currently listed for sale and is in need of renovation, offering a great opportunity for you to put your personal stamp on it.

The house boasts a traditional fireplace in the main reception room, perfect for cosy evenings in. The room also features large bay windows, filling the space with natural light and enhancing the overall sense of spaciousness. A sliding patio door leads out to a private garden, a haven for relaxation and a safe space for children to play.

This property includes three bedrooms, providing ample space for a growing family or for setting up a home office. The home further benefits from a kitchen and a bathroom. A single garage and additional parking space enhance the property's convenience and ease of living.

The house has an EPC rating of D and falls under council tax band C. Notably, one of the property's key advantages is its sought-after location. It is well-connected with public transport links and cycling routes, perfect for commuters. The vicinity boasts local amenities, nearby schools, parks, and walking routes, offering a well-rounded lifestyle right on your doorstep.

This property is a blank canvas, waiting for someone with vision to transform it into a beautiful home. With its unique features and prime location, it presents a significant investment opportunity. Don't miss out on the chance to view this property and realise its potential.

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.

PRS250067/2

Agent Details

Reeds Rains, Preston

01772 283830

Next Steps?

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