3 Bed Semi-Detached House, Refurb/BRRR, Preston, PR2 1SS, £280,000

Elm Avenue, Preston, PR2 1SS - 5 views - 2 months ago

Refurb/BRRR
~93 m²
+16 photos

ValuationOvervalued

Sold Prices£75K - £335K
Sold Prices/m²£727/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£156,165

 

 

End Value (After Refurb)

£228,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£39,357

Bridging Loan Interest

£7,350

Total Cash In

£129,557

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£228,000

Mortgage (After Refinance)

£171,000

Mortgage LTV

75%

Cash Left In

£129,557

Equity

£57,000

Rent Range

£725 - £1,150

Rent Estimate

£875

Running Costs/mo

£908

Cashflow/mo

£-32

Cashflow/yr

£-390

Gross Yield

4%

Local Sold Prices

50 sold prices from £75K to £335K, average is £157.5K. £727/m² to £3.6K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£178K03/210 mi54, Elm Avenue, Ashton On Ribble, Preston, Lancashire PR2 1SS3
£225K08/230.03 mi10, Kingsway, Ashton On Ribble, Preston, Lancashire PR2 1SP3
£175K02/210.04 mi13, Lime Grove, Ashton On Ribble, Preston, Lancashire PR2 1SZ3
£213K12/200.08 mi58, Clifton Avenue, Ashton On Ribble, Preston, Lancashire PR2 1SQ3
£223K05/230.1 mi231, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1SX3
£157.5K07/210.12 mi46, Aldwych Drive, Ashton On Ribble, Preston, Lancashire PR2 1SL3
£240K03/230.16 mi5, Aldwych Drive, Ashton On Ribble, Preston, Lancashire PR2 1SJ3
£202K09/210.17 mi621, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1LH3
£80K08/230.17 mi671, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1LH3
£179.9K01/210.21 mi259, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1JT3
£262K06/210.21 mi269, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1JT3
£182K03/230.22 mi178, Savick Way, Lea, Preston, Lancashire PR2 1XF3
£180K01/210.22 mi173, Savick Way, Lea, Preston, Lancashire PR2 1XF3
£129K05/210.24 mi2, Luton Road, Ashton On Ribble, Preston, Lancashire PR2 1UT3
£228K07/210.28 mi580a, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1JA3
£161.5K01/210.32 mi81, Savick Way, Ashton On Ribble, Preston, Lancashire PR2 1SD3
£142.3K06/230.35 mi1, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1UH3
£112K08/210.35 mi31, West Park Avenue, Ashton On Ribble, Preston, Lancashire PR2 1UH3
£140K03/230.38 mi13, Norcross Place, Ashton On Ribble, Preston, Lancashire PR2 1LP3
£95K03/210.38 mi18, Creswell Avenue, Ingol, Preston, Lancashire PR2 3XY3
£122K07/230.41 mi693, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1XH3
£101K05/210.41 mi765, Blackpool Road, Ashton On Ribble, Preston, Lancashire PR2 1XH3
£133K07/230.41 mi21, Birkdale Drive, Ashton On Ribble, Preston, Lancashire PR2 1UL3
£140K08/230.41 mi5, Birkdale Drive, Ashton On Ribble, Preston, Lancashire PR2 1UL3
£108K12/200.41 mi12, Roseacre Place, Ashton On Ribble, Preston, Lancashire PR2 1ND3
£75K02/210.42 mi20, Beachley Road, Ingol, Preston, Lancashire PR2 3YJ3
£170K11/200.46 mi5, Willow Coppice, Lea, Preston, Lancashire PR2 1XW3
£250K02/210.46 mi25, Abingdon Drive, Ashton On Ribble, Preston, Lancashire PR2 1EY3
£235K10/210.46 mi44, Abingdon Drive, Ashton On Ribble, Preston, Lancashire PR2 1EY3
£105K11/200.47 mi57, Ainsdale Drive, Ashton On Ribble, Preston, Lancashire PR2 1TU3
£187.5K01/230.47 mi25, Miller Field, Lea, Preston, Lancashire PR2 1XB3
£143K07/210.47 mi18, Fairfield Drive, Ashton On Ribble, Preston, Lancashire PR2 1JJ3
£140K04/230.47 mi13, Fairfield Drive, Ashton On Ribble, Preston, Lancashire PR2 1JJ3
£158K01/230.5 mi34, Larches Lane, Ashton On Ribble, Preston, Lancashire PR2 1NJ3
£120K12/200.5 mi40, Larches Lane, Ashton On Ribble, Preston, Lancashire PR2 1NJ3
£160K11/210.52 mi3, Worthing Road, Ingol, Preston, Lancashire PR2 3UQ3
£335K10/230.53 mi15, Mulgrave Avenue, Ashton On Ribble, Preston, Lancashire PR2 1HJ3
£240K01/210.53 mi40, Whinfield Lane, Ashton On Ribble, Preston, Lancashire PR2 1NQ3
£122K04/230.54 mi60, Starrgate Drive, Ashton On Ribble, Preston, Lancashire PR2 1NA3
£157.5K06/230.55 mi16, Marton Road, Ashton On Ribble, Preston, Lancashire PR2 1NN3
£160K03/230.56 mi3, The Ploughlands, Ashton On Ribble, Preston, Lancashire PR2 1QW3
£129.9K06/230.57 mi14, Tinniswood, Ashton On Ribble, Preston, Lancashire PR2 1EL3
£110K06/210.57 mi59, Staining Avenue, Ashton On Ribble, Preston, Lancashire PR2 1NL3
£165K04/230.57 mi19, Staining Avenue, Ashton On Ribble, Preston, Lancashire PR2 1NL3
£110K12/210.58 mi35, Ash Meadow, Lea, Preston, Lancashire PR2 1RX3
£148K05/230.59 mi70, Layton Road, Ashton On Ribble, Preston, Lancashire PR2 1PU3
£132K02/210.59 mi70, Layton Road, Ashton On Ribble, Preston, Lancashire PR2 1PU3
£135K02/210.59 mi86, Layton Road, Ashton On Ribble, Preston, Lancashire PR2 1PU3
£152.5K05/230.59 mi61, Layton Road, Ashton On Ribble, Preston, Lancashire PR2 1PU3
£185K08/210.59 mi3, Hillcrest Avenue, Ingol, Preston, Lancashire PR2 3UN3

Local Rents

16 rents from £725/mo to £1.1K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£90012/240 miElm Avenue, Ashton-on-Ribble, Preston, PR23
£1,15007/240.24 miWillow Field Cottage, Cottam Lane, Lancashire, PR23
£90003/250.38 mi-3
£82507/240.45 mi-3
£80001/250.5 mi-3
£80007/240.51 mi-3
£95006/240.53 miWhinfield Lane, Ashton On Ribble, Preston, PR23
£72507/240.53 miCartmel Place, Ashton-On-Ribble3
£85002/250.55 mi-3
£95007/240.55 mi-3
£95007/240.55 miMarton Road, Ashton-On-Ribble, Preston, PR23
£80007/240.57 miMarshall Grove, Ingol, Preston3
£85006/240.58 miLayton Road, Preston, Lancashire, PR23
£85012/240.6 mi-3
£85012/240.6 miPreesall Close, Ashton-On-Ribble, Preston, PR23
£85012/240.62 mi-3

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

2.29 miles away

Nearest school

0.20 miles away

Nearest train station

1.91 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £280,000

February 20, 2025

Floor Plans

Description

  • Fully Renovated Throughout To An Extremely High Standard +
  • Stunning Ground Floor Extension +
  • Two Bathrooms Including Ground Floor Shower Room +
  • Bi-Fold Doors +
  • Garage with Utility Area +
  • Full Re-Wire, New Roof, Newly Replaced Plumbing and Radiators +

This stunning 3-bedroom semi-detached property has been completely renovated to the highest standard, immaculate throughout and offering a perfect blend of modern style, comfort, and practicality. Located in the highly sought-after area of Ashton on Ribble, close to local shops, amenities and public transport links, this home is ideal for both families and professionals looking for a property that ticks every box. The ground floor has been thoughtfully extended, with a bright and airy kitchen/dining/living area that benefits from large skylights, creating an expansive space perfect for family gatherings and entertaining. The sleek, fully integrated kitchen features high-end appliances, including a fridge, freezer, double oven, induction hob with built-in extractor, all ensuring a seamless and efficient cooking experience. Bi-fold doors open out onto a raised decking area and low-maintenance garden, providing the perfect setting for outdoor entertaining or relaxing in the sunshine. The versatile layout includes an additional reception room, ideal for use as a home office, playroom, or quiet lounge. The ground floor also benefits from a modern shower room, offering convenience and practicality for day-to-day living. To the first floor there are three good-sized bedrooms, offering ample space for rest and relaxation. Two of the bedrooms have fitted wardrobes meaning all your storage requirements are taken care of. The stylish and modern bathroom is fully tiled, and is complete with a bath, shower enclosure, W/C, basin, and built-in storage. For added convenience, the property features driveway parking for up to three cars, complete with an EV charger, as well as a garage with power and light, which includes a utility area for additional storage and flexibility. Every detail has been carefully considered during this renovation, including a full re-wire, new roof, and upgraded kitchen, bathroom, and shower room, ensuring modern functionality and peace of mind. Key Features:

  • Recently fully renovated to an exceptional standard throughout
  • Ground floor extension with skylights, creating a bright and spacious kitchen/dining/living area
  • Fully integrated kitchen appliances, including fridge, freezer, double oven, induction hob, and built-in extractor
  • Additional versatile ground floor reception room
  • Convenient ground floor shower room
  • Bi-fold doors leading out to a low-maintenance garden
  • Three generously sized bedrooms on the first floor
  • Modern bathroom with bath, shower enclosure, and built-in storage
  • Driveway parking for three cars with an EV charger
  • Garage with power, light, and a utility area
  • Full re-wire, new roof, and upgraded kitchen, bathroom, and shower room
  • Newly replaced plumbing and radiators throughout
  • Integrated 4 camera CCTV system This exceptional home stands out for its contemporary design, spacious layout, and meticulous attention to detail, making it a truly unique property. Early viewing is highly recommended to fully appreciate the quality and scope of this remarkable home.

Council Tax Band The council tax band for this property is C.

Agent Details

The Good Estate Agent, National

01303 761722

Next Steps?

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