2 Bed Terraced House, Refurb/BRRR, Preston, PR1 8PY, £99,950

Langton Street, Preston, PR1 8PY - 4 views - 2 months ago

Refurb/BRRR
ROI: 9%
~68 m²

ValuationOvervalued

Sold Prices£70K - £183K
Sold Prices/m²£843/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£91,586

 

 

End Value (After Refurb)

£106,256

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£6,198

Refurb Costs

£28,882

Bridging Loan Interest

£2,624

Total Cash In

£64,441

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£106,256

Mortgage (After Refinance)

£79,692

Mortgage LTV

75%

Cash Released

£4,729

Cash Left In

£59,712

Equity

£26,564

Rent Range

£675 - £2,185

Rent Estimate

£1,046

Running Costs/mo

£561

Cashflow/mo

£485

Cashflow/yr

£5,817

ROI

9%

Gross Yield

13%

Local Sold Prices

50 sold prices from £70K to £183K, average is £98K. £843/m² to £3.3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£75K01/210.01 mi21, Langton Street, Preston, Lancashire PR1 8PY2
£98K09/210.16 mi33, Talbot Road, Preston, Lancashire PR1 8NX2
£82K06/230.17 mi27, Kingswood Street, Preston, Lancashire PR1 8NP2
£110K10/210.2 mi13, Colman Court, Preston, Lancashire PR1 8DL2
£125K01/230.22 mi38, Grafton Street, Preston, Lancashire PR1 8JH2
£79K01/210.23 mi17, Brixey Street, Preston, Lancashire PR1 8EB2
£85K03/230.24 mi16, Nelson Terrace, Preston, Lancashire PR1 8SQ2
£92K12/200.24 mi15, Beech Terrace, Preston, Lancashire PR1 8DQ2
£70K06/230.26 mi15, Bird Street, Preston, Lancashire PR1 8DY2
£77K11/200.32 mi10, River Parade, Preston, Lancashire PR1 8EJ2
£97K02/230.37 mi15, Meath Road, Preston, Lancashire PR1 8EP2
£96.5K03/230.38 mi5, Meath Road, Preston, Lancashire PR1 8EP2
£115K04/230.47 mi2, Weston Street, Ashton On Ribble, Preston, Lancashire PR2 2QE2
£103.5K03/210.47 mi36, Beamont Drive, Preston, Lancashire PR1 8UN2
£123K01/210.47 mi5, Beamont Drive, Preston, Lancashire PR1 8UN2
£100K03/210.48 mi15, Garden Street, Preston, Lancashire PR1 8BT2
£183K12/220.5 mi27, South End, Preston, Lancashire PR1 8HA2
£90K10/210.5 mi35, St Marks Road, Preston, Lancashire PR1 8TL2
£85K10/210.54 mi119, Wellington Street, Preston, Lancashire PR1 8TS2
£75K04/230.54 mi111, Wellington Street, Preston, Lancashire PR1 8TS2
£160K12/200.62 mi11, Riverside Road, Penwortham, Preston, Lancashire PR1 9RE2
£78K08/210.69 mi38, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£95K05/210.69 mi50, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ2
£164K06/230.7 mi14, Talbot Road, Penwortham, Preston, Lancashire PR1 9QU2
£102.5K02/210.7 mi32, Swansea Street, Ashton On Ribble, Preston, Lancashire PR2 1AS2
£129K02/210.7 mi17, Talbot Road, Penwortham, Preston, Lancashire PR1 9QU2
£98K02/210.7 mi1, Tulketh Crescent, Ashton On Ribble, Preston, Lancashire PR2 2RH2
£90K07/210.71 mi21, Bray Street, Ashton On Ribble, Preston, Lancashire PR2 2RP2
£98K05/230.72 mi26, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£90K11/200.72 mi35, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB2
£158K03/230.73 mi37, Endeavour Close, Ashton On Ribble, Preston, Lancashire PR2 2YG2
£110K01/230.74 mi42, Great Avenham Street, Preston, Lancashire PR1 3TD2
£100K07/230.76 mi3, Cardigan Street, Ashton On Ribble, Preston, Lancashire PR2 2AS2
£80K03/210.77 mi7, Flett Street, Ashton On Ribble, Preston, Lancashire PR2 2RX2
£180K12/220.77 mi22, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£92K03/230.78 mi8, Wolseley Place, Preston, Lancashire PR1 3XJ2
£160K06/210.78 mi71, Margaret Road, Penwortham, Preston, Lancashire PR1 9RU2
£85K12/200.8 mi67, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£76K03/210.8 mi16, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£117K06/230.8 mi41, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA2
£98K02/230.8 mi48, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£76K12/200.82 mi50, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£95K04/210.82 mi15, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£92.5K12/200.82 mi7, Brookhouse Street, Ashton On Ribble, Preston, Lancashire PR2 2AN2
£108K09/210.83 mi85, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£118.5K03/230.83 mi35, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£115K11/200.83 mi27, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£105K11/200.83 mi37, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£116.5K12/200.83 mi83, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA2
£83K05/230.83 mi13, Nares Street, Ashton On Ribble, Preston, Lancashire PR2 2SS2

Local Rents

50 rents from £675/mo to £2.2K/mo, average is £997/mo.

RentDateDistanceAddressBeds 
£72506/240.01 miLangton Street, PRESTON PR1 8PY2
£75006/240.01 miLangton Street, Preston2
£80007/240.06 mi-2
£87207/240.12 miChrist Church Street, Preston, Lancashire, PR12
£75007/240.12 miChrist Church Street, Preston, PR12
£1,04006/240.12 miChristchurch Street-Flat 1, PRESTON PR1 8PH2
£82307/240.12 miChristchurch Street flat 2, PRESTON PR1 8PH2
£95010/240.12 mi-2
£86707/240.12 mi-2
£86707/240.12 mi-2
£1,08306/240.13 miFlat 2 Preston PR1 8JE2
£1,08306/240.13 miFlat 1 Preston PR1 8JE2
£1,08306/240.13 mi Preston PR1 8JE2
£75008/240.15 miChrist Church Street, Preston2
£75008/240.15 miChrist Church Street, Preston2
£97106/240.17 miFishergate Hill Flat, PRESTON, Lancashire PR1 8JB2
£1,40007/240.17 miThe Old County Hotel, Fishergate Hill, Preston2
£1,12708/240.17 mia Fishergate Hill, Preston2
£85008/240.17 mi-2
£85009/240.17 mi-2
£1,49503/250.17 mi-2
£1,39504/250.17 mi-2
£75008/240.19 mi-2
£75004/250.19 mi-2
£90007/240.22 miStation Terrace, Waltons Parade2
£79511/240.22 mi-2
£1,64506/240.24 mi-2
£2,18509/240.24 mi-2
£2,18504/250.24 mi-2
£75006/240.25 mi-2
£69506/240.26 miTaylor Street, Broadgate, Preston PR12
£1,10006/240.26 miThe Sorting Office, 42 West Cliff, Preston, PR12
£99708/240.26 miFishergate Court, Flat 1, PRESTON, Lancashire PR1 8JB2
£1,04008/240.26 miFishergate Court, Flat 2, PRESTON, Lancashire PR1 8JB2
£99708/240.26 miFishergate Court, Flat 3, PRESTON, Lancashire PR1 8JB2
£1,10007/240.27 miFlat , Fishergate Court, Fishergate, Preston2
£85006/240.27 miWest Cliff, Preston2
£67507/240.28 miTyne Street, Preston2
£95007/240.29 miWest Cliff, Preston2
£99506/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£1,10006/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£1,27507/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£1,10007/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£1,25007/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£1,27507/240.31 miThe Sorting Office, 42 West Cliff, Preston2
£1,17506/240.34 miBishopgate Gardens, Bishopgate, Preston2
£1,15006/240.34 miBishopgate Gardens, Bishopgate, Preston2
£1,25007/240.34 miBishopgate Gardens, Bishopgate, Preston2
£1,22507/240.34 miBishopgate Gardens, Bishopgate , Preston2
£1,40006/240.34 miBishopgate Gardens, Bishopgate, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

1.32 miles away

Nearest school

0.30 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £99,950

March 7, 2025

Floor Plans

Description

  • Two Bedroom Terraced property +
  • Located in a Popular Area of Preston +
  • Close Proximity to a Supermarket, Schools and Preston City +
  • The Property Requires Modernisation +
  • The Property will be Attractive to Investors in Particular +

We are pleased to present to the market this two bedroom terraced property situated just outside Preston City Centre.

This property is perfect for an investor/landlord as this property is sold with a tenant in situ. It boasts excellent local amenities nearby, as well as ideal travel links via local bus routes, Preston train station, and the nearby M6 and M55 motorways.

Internally, the property comprises; lounge with a front-facing window, kitchen and stairs to the upper level. On the upper level, you will find two good-sized bedrooms. The ground floor also features a bathroom and a separate WC.

Outside, there is parking available on the street. At the back, there is a traditional terraced property backyard.

Council Tax Information: Band A

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?

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