2 Bed Flat, Single Let, Preston, PR5 6SU, £90,000

Firbank, Bamber Bridge, Preston, PR5 6SU - a month ago

Leasehold
Auction
BTL
ROI: 9%
~68 m²

ValuationUndervalued

Sold Prices£80K - £160.3K
Sold Prices/m²£1.3K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£112,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£28,200

 

 

Cash Out

 

Rent Range

£625 - £900

Rent Estimate

£650

Running Costs/mo

£431

Cashflow/mo

£219

Cashflow/yr

£2,625

ROI

9%

Gross Yield

9%

Local Sold Prices

36 sold prices from £80K to £160.3K, average is £108K. £1.3K/m² to £5.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£98K04/210.01 mi24, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£115K12/220.01 mi29, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£107K01/230.01 mi60, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£105K04/220.01 mi32, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£120K04/230.01 mi2, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£106K07/230.01 mi47, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£90K08/220.01 mi37, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£110K07/220.03 mi33, Firbank, Bamber Bridge, Preston, Lancashire PR5 6SU2
£107K07/220.1 mi5, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£120K10/220.1 mi6, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£100K02/210.1 mi8, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£122.5K08/220.1 mi11, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£105K06/230.1 mi4, Baxendale Grove, Bamber Bridge, Preston, Lancashire PR5 6SZ2
£120K10/200.18 mi10, Dean Court, Bamber Bridge, Preston, Lancashire PR5 6TF2
£100K08/210.42 mi1, Grove Street, Bamber Bridge, Preston, Lancashire PR5 6LN2
£100K08/210.42 mi1, Grove Street, Bamber Bridge, Preston, Lancashire PR5 6LN2
£135K03/210.42 mi17, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£83K06/220.43 mi27, Duke Street, Bamber Bridge, Preston, Lancashire PR5 6ET2
£160.3K10/210.55 mi3, Bridge End, Lostock Hall, Preston, Lancashire PR5 5YH2
£80K11/220.82 mi4, St James Court, Lostock Hall, Preston, Lancashire PR5 5QY2
£105K07/210.84 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/230.84 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/200.84 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£108K05/220.86 mi188, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£100K09/210.86 mi198, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£110K04/210.86 mi206, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£128K05/230.87 mi86, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£131K05/230.87 mi86a, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£152K07/230.89 mi18, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£116K09/220.89 mi22, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£150K09/220.89 mi14, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2
£102.5K10/200.89 mi52, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX2
£115K05/230.89 mi52, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX2
£102K07/220.9 mi182, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£108K03/220.9 mi184, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£104K06/210.92 mi7, Halliwell Heights, Walton Le Dale, Preston, Lancashire PR5 4NT2

Local Rents

16 rents from £625/mo to £900/mo, average is £785/mo.

RentDateDistanceAddressBeds 
£77506/240.06 mi-2
£85002/240.07 mi-2
£80012/240.07 mi-2
£89512/240.07 mi-2
£77501/250.1 mi-2
£75006/240.25 miSt Marys Road, Bamber Bridge, Preston2
£80006/240.31 mi-2
£85002/240.41 mi-2
£65012/240.43 mi-2
£62506/240.47 miStation Road, PR52
£90012/240.48 miDuddle Lane, Walton-Le-Dale, Preston, PR52
£72512/240.5 mi-2
£62506/240.53 miStation Road, Bamber Bridge, Preston PR52
£85006/240.55 miBridge End, PR52
£79512/240.55 miSkipton Close, Bamber Bridge2
£70001/250.55 mi-2

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

2.88 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £90,000

March 4, 2025

Description

  • National Online Auction - 26th March 2025 +
  • This is a Conditional Auction +
  • Tenanted Two Bedroom Apartment Can Be Sold Vacant +
  • Sought After Location +
  • CALL US FOR MORE INFORMATION +

National Online Auction - 26th March 2025

This is a Conditional Auction

Tenanted Two Bedroom Apartment

The property comprises of living room, kitchen, bathroom and two bedrooms. The apartment benefits from allocated parking and secure intercom access.

The property is located in a popular area with easy access to transport links and well placed for shops and schools.

Auction house are informed by the vendor that the current tenant has been in residence for at least five years, paying a monthly rent of £650.
Leasehold information: Ground Rent Payable: Yes
Annual Ground Rent: £140
Service Charge: £1131 PER ANNUM
Length of the Lease: 155 years
Start Date of the Lease: 01/02/2004
Council Tax Information: Band B

Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Farrell Heyworth outsource this check to a third party and a charge will apply. Please ask the branch for further details.

Agent Details

Farrell Heyworth, Preston & Central Lancashire

01772 963630

Next Steps?

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