2 Bed Flat, Single Let, Preston, PR1 5JH, £40,000

221C New Hall Lane, Preston, PR1 5JH - 1 views - a month ago

Leasehold
Auction
BTL
ROI: 29%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£23.5K - £160K
Sold Prices/m²£458/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£587/m²

Value Estimate

£48,800
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£3,200

Total Cash In

£13,200

 

 

Cash Out

 

Rent Range

£575 - £1,500

Rent Estimate

£575

Running Costs/mo

£260

Cashflow/mo

£315

Cashflow/yr

£3,780

ROI

29%

Gross Yield

17%

Local Sold Prices

50 sold prices from £23.5K to £160K, average is £82.5K. £458/m² to £5.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£67K12/220.01 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£44.5K10/200.01 miApartment 58, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.01 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.04 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£65K04/210.21 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£81K12/220.4 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£82K05/230.41 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.41 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.41 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£50K07/230.59 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.59 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£79.5K04/210.71 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£130K06/230.79 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£80K09/210.84 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£105K01/231.27 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£67K10/201.27 mi77, Brackenbury Road, Preston, Lancashire PR1 7UQ2
£78K03/231.28 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£85K12/221.32 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£97K01/231.37 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£80K06/211.42 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£61.5K12/221.42 miFlat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£52.5K04/211.42 miFlat 21, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£59.4K10/201.42 miFlat 14, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£83K10/211.61 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£86K03/231.61 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.61 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.61 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£25.2K06/231.65 mi3, Glenview Court, Ribbleton, Preston, Lancashire PR2 6EG2
£128K05/231.65 mi86, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£131K05/231.65 mi86a, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£50K10/211.65 miFlat 4, Birchall Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£23.5K02/211.65 miFlat 2, Travers Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£48.5K01/211.65 miFlat 4, Elston Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£108K03/221.67 mi184, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£102K07/221.68 mi182, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£75K11/201.68 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£92K05/211.69 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£115K04/211.69 mi75, Neapsands Close, Fulwood, Preston, Lancashire PR2 9AQ2
£108K05/221.69 mi188, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£100K09/211.69 mi198, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£110K04/211.69 mi206, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£47K05/211.71 miFlat 3, Beacon Lodge, Fir Trees Place, Ribbleton, Preston, Lancashire PR2 6FL2
£105K07/211.77 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/231.77 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/201.77 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£114K10/201.77 mi43, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£160K01/211.79 mi3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£102.5K10/201.81 mi52, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX2
£115K05/231.81 mi52, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX2
£104K06/211.83 mi7, Halliwell Heights, Walton Le Dale, Preston, Lancashire PR5 4NT2

Local Rents

49 rents from £575/mo to £1.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£89501/250 mi-2
£79506/240 mi-2
£89506/240 mi-2
£95008/240 mi-2
£89508/240 mi-2
£85003/250 mi-2
£99511/240 mi-2
£79501/250 mi-2
£85007/240 miCentenary Mill Court, Preston, PR12
£89507/240 miCentenary Mill Court, Preston, PR12
£89508/240 miCentenary Mill Court, Preston, PR12
£75006/240.01 miCentenary Mill, New Hall Lane2
£80008/240.01 miCentenary Mill, Preston2
£79508/240.01 miCentenary Mill Court, New Hall Lane, Preston, PR12
£75003/250.03 mi-2
£85003/250.04 mi-2
£75008/240.05 mi-2
£75008/240.05 mi-2
£57506/240.05 miKayley House, Preston2
£57507/240.05 miKayley House, New Hall Lane, Preston2
£67507/240.07 miMercer Street, Preston, PR12
£70006/240.08 miWoodrow House,Mercer Street, Preston, PR1 4LQ2
£60007/240.1 miCromford Walk, Preston2
£75012/240.26 mi-2
£62502/240.28 mi-2
£72507/240.29 miCaroline Street, Preston2
£57503/250.3 mi-2
£80012/240.3 mi-2
£75008/240.31 miSkeffington Road, Preston, PR12
£80008/240.33 mi-2
£80003/250.33 mi-2
£80007/240.33 miDeepdale Road, Preston, PR12
£1,00011/240.33 mi-2
£93003/250.33 mi-2
£65006/240.34 miBleasdale Street East, Preston, PR12
£1,15006/240.35 miThe Exchange, Percy Street, Preston2
£1,20006/240.35 miThe Exchange, Percy Street, Preston2
£1,25506/240.35 miThe Exchange, Percy Street, Preston2
£1,35006/240.35 miThe Exchange, Percy Street, Preston2
£1,17506/240.35 miThe Exchange, Percy Street, Preston2
£1,35006/240.35 miThe Exchange, Percy Street, Preston2
£1,20006/240.35 miThe Exchange, Percy Street, Preston2
£1,50006/240.35 miThe Exchange, Percy Street , Preston2
£1,00006/240.35 miThe Exchange, Percy Street, Preston2
£1,14506/240.35 miThe Exchange, Percy Street, Preston2
£1,25006/240.35 miThe Exchange, Percy Street, Preston2
£1,14506/240.35 miThe Exchange, Percy Street, Preston2
£1,00006/240.35 miThe Exchange, Percy Street, Preston2
£1,27006/240.35 miThe Exchange, Percy Street, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.56 miles away

Nearest school

0.10 miles away

Nearest train station

1.04 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £40,000

February 24, 2025

Floor Plans

Description

  • Spacious Duplex Apartment +
  • Two Bedrooms +
  • Two Bathrooms +
  • Contemporary Fitted Kitchen +
  • Open Plan Living +
  • Viewing Essential +
  • Communal Carpark +
  • Tenure Leasehold +
  • Council Tax Band B +
  • EPC Rating C +

TWO BEDROOMED DUPLEX APARTMENT WITHIN CLOSE PROXIMITY TO THE CITY CENTRE

To be sold via online auction - powered by The Auction Group - are pleased to introduce this deceptively spacious duplex apartment to the market. Situated within walking distance to Preston City Centre and close proximity to commuter links and schools.

This property is well suited for investors and briefly comprises of a large living kitchen diner, a three piece family bathroom suite and two bedrooms with the primary bedroom overlooking the living kitchen diner and boasts access to an en suite.

Externally there is a car park providing off road parking for residents.

To be sold via Online Auction, via unconditional terms, completion strictly within 28 days
Bidding window opens - 29/04 09:00am
Window closes - 29/04 15:00pm

Starting price - £40,000 (Reserve price is higher & unpublished)
Fees
All fees are payable by banks transfer only (we do not take card payments)
Buyers premium - Please note that there is a buyers premium that applies to this lot (please check the legal pack for further details,) payable by the buyer within 2 hours of winning the auction. The buyers premium does not constitute part of the sale price, this is the auctioneers fee and is to be paid over and above the sale price paid to the vendor.
Searches - searches have been ordered and will be made available for download from The Auction Group's website prior to bidding taking place.

Entrance Hall - Doors leading to open plan kitchen/living area, bedroom two, bathroom and spiral staircase to mezzanine.

Bedroom Two - 3.96m x 2.24m (13'0 x 7'4 ) - UPVC double glazed window and electric heater.

Bathroom - 1.80m x 1.78m (5'11 x 5'10) - Panel bath with traditional taps and overhead direct feed shower, pedestal wash basin with traditional taps, dual flush WC, partially tiled elevations, extractor fan and tiled flooring.

Open Plan Kitchen/Living Area - 7.92m x 6.10m (26'0 x 20'0) - UPVC double glazed windows, electric heater, storage cupboard and is fitted with a range of wall and base units with laminate surfaces, stainless steel sink, drainer and mixer tap, integrated four ring hob with an extractor hood, integrated oven, integrated microwave, tiled splashbacks, plumbing for a washing machine and space for a fridge freezer.

First Floor -

Landing - Door to bedroom one.

Bedroom One - 3.78m x 3.61m (12'5 x 11'10) - Mezzanine bedroom overlooking the kitchen/living area, electric heater and a door to en suite.

En Suite - 2.74m x 1.65m (9'0 x 5'5 ) - Direct feed shower enclosed, pedestal wash basin with traditional taps and dual flush WC.

External - Communal carpark.

Agent Details

Keenans Estate Agents, Swinton

0161 524 5515

Next Steps?

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