3 Bed Terraced House, Refurb/BRRR, Preston, PR2 6SJ, £140,000

Gamull Lane, Ribbleton, Preston, PR2 6SJ - 9 days ago

Under Offer
Leasehold
Refurb/BRRR
ROI: 2%
~93 m²
+10 photos

ValuationFair Value

Sold Prices£80K - £262K
Sold Prices/m²£304/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£140,000

 

 

End Value (After Refurb)

£164,550

Uplift in Value

+18%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£35,000

Stamp Duty & Legal Fees

£8,200

Refurb Costs

£39,357

Bridging Loan Interest

£3,675

Total Cash In

£87,982

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£164,550

Mortgage (After Refinance)

£123,412

Mortgage LTV

75%

Cash Released

£18,412

Cash Left In

£69,569

Equity

£41,137

Rent Range

£750 - £1,050

Rent Estimate

£867

Running Costs/mo

£708

Cashflow/mo

£159

Cashflow/yr

£1,913

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £80K to £262K, average is £146K. £304/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£160K03/210.01 miStation House, Gamull Lane, Ribbleton, Preston, Lancashire PR2 6SJ3
£125K08/230.11 mi14, Sulby Drive, Ribbleton, Preston, Lancashire PR2 6RR3
£115K12/210.13 mi61, Gisburn Road, Ribbleton, Preston, Lancashire PR2 6SS3
£80K05/210.13 mi33, Gisburn Road, Ribbleton, Preston, Lancashire PR2 6SS3
£120K04/230.13 mi57, Gisburn Road, Ribbleton, Preston, Lancashire PR2 6SS3
£94K03/210.14 mi9, Ambleside Road, Ribbleton, Preston, Lancashire PR2 6QU3
£168.5K03/230.15 mi16, Franklands Drive, Ribbleton, Preston, Lancashire PR2 6RX3
£121K03/210.16 mi515, Watling Street Road, Ribbleton, Preston, Lancashire PR2 6TX3
£107.5K01/230.18 mi20, Marsett Place, Ribbleton, Preston, Lancashire PR2 6ST3
£90K03/210.2 mi9, Sion Close, Ribbleton, Preston, Lancashire PR2 6RP3
£155K02/230.2 mi11, Sion Close, Ribbleton, Preston, Lancashire PR2 6RP3
£132K08/210.2 mi40, Sion Close, Ribbleton, Preston, Lancashire PR2 6RP3
£125K02/210.2 mi21, Fir Trees Avenue, Ribbleton, Preston, Lancashire PR2 6PP3
£115K07/230.21 mi75, Garsdale Road, Ribbleton, Preston, Lancashire PR2 6TA3
£155K04/210.21 mi81, Longridge Road, Ribbleton, Preston, Lancashire PR2 6RH3
£87.5K11/200.33 mi51, Rowan Avenue, Ribbleton, Preston, Lancashire PR2 6QE3
£87K12/200.34 mi12, Heathfield Drive, Ribbleton, Preston, Lancashire PR2 6SX3
£115K02/230.34 mi48, Heathfield Drive, Ribbleton, Preston, Lancashire PR2 6SX3
£110K03/230.35 mi11, Maple Grove, Ribbleton, Preston, Lancashire PR2 6QH3
£120K02/230.37 mi38, Dawnay Road, Ribbleton, Preston, Lancashire PR2 6BD3
£135K05/210.38 mi6, Halstead Road, Ribbleton, Preston, Lancashire PR2 6XA3
£230K03/230.41 mi26, Haighton Drive, Fulwood, Preston, Lancashire PR2 9LU3
£121K10/210.45 mi366, Watling Street Road, Ribbleton, Preston, Lancashire PR2 6UA3
£185K01/210.45 mi4, Springsands Close, Fulwood, Preston, Lancashire PR2 9AN3
£133K12/200.46 mi35, Lambert Road, Ribbleton, Preston, Lancashire PR2 6YP3
£140K03/210.46 mi1, Cavendish Crescent, Ribbleton, Preston, Lancashire PR2 6NB3
£183K03/210.47 mi56, Leesands Close, Fulwood, Preston, Lancashire PR2 9AJ3
£148K02/230.48 mi439, Watling Street Road, Ribbleton, Preston, Lancashire PR2 6TY3
£161.5K06/210.5 mi37, Westfield Drive, Ribbleton, Preston, Lancashire PR2 6TH3
£146K01/230.52 mi41, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£217K10/210.52 mi62, Teil Green, Fulwood, Preston, Lancashire PR2 9PD3
£185K07/230.53 mi9, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£144K12/200.53 mi57, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£132K05/210.53 mi49, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£168K06/230.53 mi7, Neapsands Close, Fulwood, Preston, Lancashire PR2 9AQ3
£235K06/230.53 mi22, Whinsands Close, Fulwood, Preston, Lancashire PR2 9AP3
£156.5K04/210.56 mi7, Woodside Avenue, Ribbleton, Preston, Lancashire PR2 6QQ3
£213K05/230.56 mi22, Woodside Avenue, Ribbleton, Preston, Lancashire PR2 6QQ3
£122K12/200.57 mi8, Newby Place, Ribbleton, Preston, Lancashire PR2 6UP3
£262K05/230.57 mi23, Teil Green, Fulwood, Preston, Lancashire PR2 9PA3
£180K09/210.57 mi88, Teil Green, Fulwood, Preston, Lancashire PR2 9PE3
£146K01/210.59 mi2, Ashdown Mews, Fulwood, Preston, Lancashire PR2 9LE3
£200K12/200.62 mi53, Squires Wood, Fulwood, Preston, Lancashire PR2 9QA3
£224K01/230.63 mi61, Squires Wood, Fulwood, Preston, Lancashire PR2 9QA3
£154K08/210.63 mi51, Squires Wood, Fulwood, Preston, Lancashire PR2 9QA3
£170K12/210.63 mi10, Squires Wood, Fulwood, Preston, Lancashire PR2 9QA3
£186K05/210.63 mi4, Squires Wood, Fulwood, Preston, Lancashire PR2 9QA3
£160K02/210.64 mi2, Heather Grove, Ribbleton, Preston, Lancashire PR2 6QS3
£131.5K02/210.65 mi45, Braefield Crescent, Ribbleton, Preston, Lancashire PR2 6ND3
£182K01/210.66 mi85, Cromwell Road, Ribbleton, Preston, Lancashire PR2 6YE3

Local Rents

14 rents from £750/mo to £1.1K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£80007/240.2 miLongridge Road, Ribbleton, Preston3
£85003/250.21 mi-3
£92512/240.28 mi-3
£75006/240.31 mi-3
£75007/240.31 miEllerbeck Avenue, Preston, PR23
£80012/240.32 mi-3
£85007/240.39 mi-3
£90003/250.44 mi-3
£85003/250.44 mi-3
£90006/240.44 mi-3
£1,05003/250.45 mi-3
£90006/240.5 miRedsands Drive, Ashton-On-Ribble, Preston3
£95006/240.56 miWoodside Avenue,Ribbleton,Preston,PR23
£1,04903/250.56 mi-3

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

1.61 miles away

Nearest school

0.10 miles away

Nearest train station

2.71 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £140,000

March 17, 2025

Floor Plans

Description

  • Three Bedroom Mid Terrace House +
  • Local Amenities, Public Transport & Motorway Links +
  • Full Refurb Throughout +
  • Well Proportioned Bedrooms +
  • Front & Rear Gardens +
  • No Chain +

The Property
Fantastic opportunity to purchase this Three bedroom mid terrace house situated in a sought after location of Ribbleton, Preston. The property benefits from excellent local amenities, public transport links & motorway networks nearby. The property also offers an array of schools near whilst also offering easy links into Preston centre & Royal Preston hospital.

The property on the ground floor briefly consists of; Entrance hallway, Lounge & Kitchen/Dining room.
To the first floor, we have Three well proportioned bedrooms & a family bathroom.
Externally, we have front and rear gardens which are enclosed and private whilst offering low maintenance.

The property benefits from UPVC double glazing & Gas central heating throughout.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 30/04/2931

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Preston

020 3834 8192

Next Steps?

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