2 Bed Bungalow, Refurb/BRRR, Preston, PR5 5LF, £145,000

18 Aldwych Drive, Lostock Hall, Preston, PR5 5LF - 2 views - a month ago

Refurb/BRRR
ROI: 2%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£70K - £225K
Sold Prices/m²£1.1K/m² - £4.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.1K/m²

Value Estimate

£126,335

 

 

End Value (After Refurb)

£144,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£36,250

Stamp Duty & Legal Fees

£8,450

Refurb Costs

£28,876

Bridging Loan Interest

£3,806

Total Cash In

£79,133

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£144,750

Mortgage (After Refinance)

£108,563

Mortgage LTV

75%

Cash Left In

£79,133

Equity

£36,188

Rent Range

£650 - £895

Rent Estimate

£784

Running Costs/mo

£629

Cashflow/mo

£155

Cashflow/yr

£1,858

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £70K to £225K, average is £131.5K. £1.1K/m² to £4.4K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£114.5K11/200.04 mi13, Albrighton Road, Lostock Hall, Preston, Lancashire PR5 5LE2
£155.3K07/230.1 mi25, Moss Bridge Park, Lostock Hall, Preston, Lancashire PR5 5LZ2
£150K10/200.1 mi16, Moss Bridge Park, Lostock Hall, Preston, Lancashire PR5 5LZ2
£85K10/230.13 mi81, Watkin Lane, Lostock Hall, Preston, Lancashire PR5 5HA2
£220K07/230.15 mi6, Bridge End, Lostock Hall, Preston, Lancashire PR5 5YH2
£160K03/230.16 mi38, Moss Lane, Lostock Hall, Preston, Lancashire PR5 5BT2
£161K10/210.18 mi10, Lords Avenue, Lostock Hall, Preston, Lancashire PR5 5HH2
£115K03/210.18 mi12, Lords Avenue, Lostock Hall, Preston, Lancashire PR5 5HH2
£105K01/210.2 mi37, Fairfield Street, Lostock Hall, Preston, Lancashire PR5 5HX2
£215K06/230.2 mi6, Breeze Mount, Lostock Hall, Preston, Lancashire PR5 5YR2
£214K01/230.2 mi2, Breeze Mount, Lostock Hall, Preston, Lancashire PR5 5YR2
£120K07/210.21 mi9, Lostock Square, Lostock Hall, Preston, Lancashire PR5 5HJ2
£189.9K05/210.22 mi15, River Heights, Lostock Hall, Preston, Lancashire PR5 5YS2
£112.5K01/230.22 mi14, Fairfield Street, Lostock Hall, Preston, Lancashire PR5 5HX2
£105K01/210.26 mi5, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£133K05/230.26 mi21, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£105K01/210.26 mi5, Moss Street, Lostock Hall, Preston, Lancashire PR5 5BJ2
£142.5K06/230.27 mi39, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£129.8K03/210.27 mi3, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£166.5K04/230.27 mi48, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£225K06/230.27 mi31, Townsway, Lostock Hall, Preston, Lancashire PR5 5YQ2
£156K03/230.29 mi29, Victoria Street, Lostock Hall, Preston, Lancashire PR5 5RA2
£115K04/210.29 mi11, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£150K06/230.29 mi17, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£130K05/210.29 mi8, Malvern Close, Lostock Hall, Preston, Lancashire PR5 5YU2
£129.5K03/210.29 mi17, Avondale Drive, Lostock Hall, Preston, Lancashire PR5 5BQ2
£172K09/230.3 mi30, Brownedge Road, Lostock Hall, Preston, Lancashire PR5 5AD2
£146K06/210.31 mi14, Tudor Croft, Lostock Hall, Preston, Lancashire PR5 5BF2
£70K12/200.31 mi8, The Pickerings, Lostock Hall, Preston, Lancashire PR5 5UZ2
£128K05/210.31 mi15, Lostock View, Lostock Hall, Preston, Lancashire PR5 5HL2
£125K12/220.33 mi16, Garden Street, Lostock Hall, Preston, Lancashire PR5 5HP2
£133.4K07/210.33 mi1, Garden Street, Lostock Hall, Preston, Lancashire PR5 5HP2
£105K04/210.34 mi12, Sephton Street, Lostock Hall, Preston, Lancashire PR5 5RP2
£145K11/210.34 mi18, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX2
£135K05/210.34 mi30, Blenheim Close, Lostock Hall, Preston, Lancashire PR5 5YX2
£165K12/220.37 mi8, Linden Drive, Lostock Hall, Preston, Lancashire PR5 5AT2
£118K11/200.4 mi65, Lostock View, Lostock Hall, Preston, Lancashire PR5 5LS2
£170K04/230.42 mi22, Camwood Drive, Lostock Hall, Preston, Lancashire PR5 5AU2
£127K05/210.49 mi42, St Gerrards Road, Lostock Hall, Preston, Lancashire PR5 5TS2
£92K12/220.5 mi487, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SD2
£138.5K12/220.51 mi40, St Gerrards Road, Lostock Hall, Preston, Lancashire PR5 5TS2
£122K02/210.55 mi35, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TH2
£142K11/210.55 mi41, Rushy Hey, Lostock Hall, Preston, Lancashire PR5 5JP2
£93K02/210.57 mi420, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SA2
£98.5K12/200.57 mi414, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SA2
£102K01/210.57 mi416, Leyland Road, Lostock Hall, Preston, Lancashire PR5 5SA2
£125K03/230.59 mi1, East View, Lostock Hall, Preston, Lancashire PR5 5JT2
£130K01/210.59 mi11, Broadmeadow, Lostock Hall, Preston, Lancashire PR5 5SF2
£134.5K12/200.61 mi56, St Cuthberts Road, Lostock Hall, Preston, Lancashire PR5 5TL2
£135K03/230.62 mi33, Broadmeadow, Lostock Hall, Preston, Lancashire PR5 5SF2

Local Rents

10 rents from £650/mo to £895/mo, average is £785/mo.

RentDateDistanceAddressBeds 
£87507/240.15 mi-2
£87503/250.15 mi-2
£85006/240.15 miBridge End, PR52
£89512/240.16 mi-2
£79502/250.16 mi-2
£75006/240.18 miKing Street, Lostock Hall2
£65005/240.33 mi-2
£77512/240.49 miSt Gerrards Road, Lostock Hall2
£70002/240.5 mi-2
£67502/240.59 mi-2

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

3.15 miles away

Nearest school

0.40 miles away

Nearest train station

0.15 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £145,000

March 10, 2025

Floor Plans

Description

  • Semi Detached Bungalow +
  • Available with NO ONWARD CHAIN +
  • Kitchen Installation Planned +
  • Lounge +
  • Two Bedrooms +
  • Large Driveway +
  • Close to Local Amenities and Transport Networks +
  • Awaiting EPC Rating +
  • Council Tax Band B +
  • Freehold +

Located in the sought after area of Lostock Hall, Aldwych Drive presents a semi-detached bungalow that offers both comfort and potential. This property features two spacious double bedrooms, making it an ideal choice for couples or families alike. The bathroom, while functional, may benefit from some modernisation, allowing you the opportunity to tailor it to your own personal taste, the large living area boasts ample space for relaxation and entertaining with the possibility of reinstating the fireplace, this room can easily become a warm and inviting focal point, perfect for cosy evenings in, the Kitchen is a blank canvas for you to create your own perfect area.

Surrounding the bungalow are well-kept front and rear gardens, providing a lovely outdoor space for gardening enthusiasts or simply enjoying the fresh air.

Conveniently located near local amenities and transport links, this property ensures that you are never far from essential services and easy access to the wider area. With its combination of space, potential, and a desirable location, Aldwych Drive is a wonderful opportunity for anyone looking to settle in Lostock Hall. Freehold, Council Tax Band B, EPC Rating C.

*Please note the measurements for this property are located within the floor plan*.

Agent Details

Holdens Estate Agents, Lostock Hall

01772 288956

Next Steps?

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