3 Bed Semi-Detached House, Single Let, Preston, PR2 8DE, £170,000

Melrose Avenue Preston PR2 8DE - a month ago

Sold STC
BTL
ROI: 4%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£49.5K - £300K
Sold Prices/m²£427/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£190,227
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Total Cash In

£52,200

 

 

Cash Out

 

Rent Range

£800 - £1,200

Rent Estimate

£900

Running Costs/mo

£731

Cashflow/mo

£169

Cashflow/yr

£2,025

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £49.5K to £300K, average is £181K. £427/m² to £3.1K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£216K09/210.11 mi60, Coniston Road, Fulwood, Preston, Lancashire PR2 8AY3
£156K06/210.11 mi79, Coniston Road, Fulwood, Preston, Lancashire PR2 8AY3
£170K12/200.19 mi9, Coniston Road, Fulwood, Preston, Lancashire PR2 8AX3
£140K02/210.27 mi12, Ullswater Road, Fulwood, Preston, Lancashire PR2 8AT3
£186K02/230.27 mi34, Ullswater Road, Fulwood, Preston, Lancashire PR2 8AT3
£192K04/230.29 mi10, Marybank Close, Fulwood, Preston, Lancashire PR2 9QW3
£225K04/230.31 mi38, Fulwood Hall Lane, Fulwood, Preston, Lancashire PR2 8DB3
£300K03/230.31 mi39, Sycamore Close, Fulwood, Preston, Lancashire PR2 9NA3
£180K10/210.33 mi347, Watling Street Road, Fulwood, Preston, Lancashire PR2 6XY3
£260K05/230.33 mi353, Watling Street Road, Fulwood, Preston, Lancashire PR2 6XY3
£200K04/230.34 mi3, Allenby Avenue, Fulwood, Preston, Lancashire PR2 8DL3
£198K03/230.35 mi277, Watling Street Road, Fulwood, Preston, Lancashire PR2 8AB3
£252K08/210.35 mi309, Watling Street Road, Fulwood, Preston, Lancashire PR2 8AB3
£49.5K03/230.35 mi299, Watling Street Road, Fulwood, Preston, Lancashire PR2 8AB3
£127.5K09/230.36 mi1, Fenton Road, Fulwood, Preston, Lancashire PR2 8AQ3
£172K08/230.37 mi8, Brookfield Avenue, Fulwood, Preston, Lancashire PR2 6XR3
£139K06/210.37 mi8, Brookfield Avenue, Fulwood, Preston, Lancashire PR2 6XR3
£200K05/210.38 mi1, Carleton Avenue, Fulwood, Preston, Lancashire PR2 6YA3
£235K12/210.4 mi11a, Lavender Close, Fulwood, Preston, Lancashire PR2 9RA3
£210K03/210.4 mi7, Lavender Close, Fulwood, Preston, Lancashire PR2 9RA3
£228K11/200.43 mi9, Almond Close, Fulwood, Preston, Lancashire PR2 9PZ3
£130K08/210.45 mi113, Manor House Lane, Preston, Lancashire PR1 6HP3
£105.5K02/210.45 mi127, Manor House Lane, Preston, Lancashire PR1 6HP3
£182K01/210.45 mi85, Cromwell Road, Ribbleton, Preston, Lancashire PR2 6YE3
£262.5K01/210.47 mi161, Victoria Road, Fulwood, Preston, Lancashire PR2 8AJ3
£225K03/230.47 mi159, Victoria Road, Fulwood, Preston, Lancashire PR2 8AJ3
£122K12/200.48 mi8, Newby Place, Ribbleton, Preston, Lancashire PR2 6UP3
£219K03/210.48 mi14, Peachtree Close, Fulwood, Preston, Lancashire PR2 9NR3
£180K12/210.5 mi82, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£167.5K04/210.5 mi76, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£163K11/200.5 mi56, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£135K11/200.5 mi95, Ramsey Avenue, Preston, Lancashire PR1 6EL3
£290K12/200.5 mi7, Devonshire Road, Fulwood, Preston, Lancashire PR2 8BU3
£168K06/230.5 mi7, Neapsands Close, Fulwood, Preston, Lancashire PR2 9AQ3
£206K11/200.51 mi1, Wookey Close, Fulwood, Preston, Lancashire PR2 9HE3
£185K07/230.51 mi9, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£144K12/200.51 mi57, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£132K05/210.51 mi49, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£227.5K06/230.51 mi48, Kennington Road, Fulwood, Preston, Lancashire PR2 8BT3
£270K07/230.51 mi42, Kennington Road, Fulwood, Preston, Lancashire PR2 8BT3
£146K01/230.51 mi41, Wyresdale Crescent, Ribbleton, Preston, Lancashire PR2 6UN3
£112K11/200.51 mi134, Holme Slack Lane, Preston, Lancashire PR1 6HB3
£202.5K03/210.52 mi6, Cheddar Drive, Fulwood, Preston, Lancashire PR2 9HA3
£195K12/200.52 mi15, Cheddar Drive, Fulwood, Preston, Lancashire PR2 9HA3
£148K02/230.53 mi439, Watling Street Road, Ribbleton, Preston, Lancashire PR2 6TY3
£125K05/230.54 mi37, Rose Lane, Preston, Lancashire PR1 6HH3
£121K10/210.55 mi366, Watling Street Road, Ribbleton, Preston, Lancashire PR2 6UA3
£225K01/210.56 mi15, Burrington Close, Fulwood, Preston, Lancashire PR2 9HW3
£133K03/210.56 mi59, Ramsey Avenue, Preston, Lancashire PR1 6EN3
£161.5K06/210.57 mi37, Westfield Drive, Ribbleton, Preston, Lancashire PR2 6TH3

Local Rents

14 rents from £800/mo to £1.2K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£90012/240.21 mi-3
£1,20001/250.25 mi-3
£1,00012/240.36 mi-3
£99504/250.37 mi-3
£1,19504/250.41 mi-3
£90006/240.55 mi-3
£1,20004/250.56 mi-3
£1,10006/240.56 mi-3
£1,10006/240.56 mi-3
£1,20012/240.56 mi-3
£1,20012/240.58 mi-3
£1,20004/250.58 mi-3
£80007/240.6 miFairfield Road, Fulwood3
£90006/240.62 miRedsands Drive, Ashton-On-Ribble, Preston3

Local Area Statistics

Population in PR2

77,713

Population in Preston

286,036

Town centre distance

1.03 miles away

Nearest school

0.40 miles away

Nearest train station

2.11 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+25%

Property History

Listed for £170,000

March 21, 2025

Floor Plans

Description

  • Semi Detached Bungalow in a Highly Regarded Location +
  • Three Bedrooms +
  • Stunning Gardens to Front and Rear +
  • Driveway and Garage +
  • Good Sized Lounge +
  • No Chain Delay +

Situated in one of the most sought after turnings in Fulwood is this three bedroom semi detached Bungalow.

The property is a spacious and welcoming home and would make the ideal residence for a family, or a couple. The property briefly comprises an entrance hallway, three bedrooms, a shower room, a spacious lounge and fitted kitchen.

Externally there is a good sized garden to the front and a driveway for multiple vehicles. To the back is a private garage and a stunning family garden. The back garden has a patio area which is fenced off, and behind that is the extensive garden which has masses of potential, with a benefit of a stunning brook running through.

This home is in a great location for all types of buyers, with highly regarded schools nearby, great local amenities and with easy access to the M6 and M55 Motorways.

A stunning property in such a highly sought after area doesn’t come to the market very often. Please call now to book your viewing and avoid disappointment.

Agent Details

Jones Cameron Estate Agents, Preston

01772 419827

Next Steps?

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