3 Bed Semi-Detached House, Single Let, Preston, PR5 0AD, £164,995

Alder Drive, Houghton, PR5 0AD - 3 views - 21 days ago

BTL
ROI: 6%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£120K - £487.5K
Sold Prices/m²£1.6K/m² - £6.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£199,644
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,249

Stamp Duty & Legal Fees

£10,250

Total Cash In

£51,498

 

 

Cash Out

 

Rent Range

£950 - £1,300

Rent Estimate

£978

Running Costs/mo

£731

Cashflow/mo

£247

Cashflow/yr

£2,961

ROI

6%

Gross Yield

7%

Local Sold Prices

28 sold prices from £120K to £487.5K, average is £196.3K. £1.6K/m² to £6.2K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£158K04/210.04 mi5, Meadowside Drive, Hoghton, Preston, Lancashire PR5 0AP3
£140K07/210.12 mi327, Gregson Lane, Hoghton, Preston, Lancashire PR5 0FD3
£134K02/210.12 mi341, Gregson Lane, Hoghton, Preston, Lancashire PR5 0FD3
£205K07/230.14 mi302, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£210K03/230.14 mi287, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£273K11/220.15 mi265, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£160K11/200.15 mi289, Gregson Lane, Hoghton, Preston, Lancashire PR5 0DP3
£185K12/200.15 mi42, Bournesfield, Hoghton, Preston, Lancashire PR5 0EH3
£190K08/230.15 mi63, Hayfield Avenue, Hoghton, Preston, Lancashire PR5 0AX3
£168.5K05/210.19 mi8, Bournes Row, Hoghton, Preston, Lancashire PR5 0DR3
£225K06/230.19 mi57, Bournes Row, Hoghton, Preston, Lancashire PR5 0DR3
£182K09/210.21 mi1, Friths Avenue, Hoghton, Preston, Lancashire PR5 0DX3
£268K11/200.24 mi5, Friths Court, Hoghton, Preston, Lancashire PR5 0EF3
£160K09/210.25 mi61, Arrowsmith Drive, Hoghton, Preston, Lancashire PR5 0DT3
£135K05/210.26 mi22, Arrowsmith Close, Hoghton, Preston, Lancashire PR5 0DU3
£155K12/200.32 mi28, Knowsley Drive, Hoghton, Preston, Lancashire PR5 0EE3
£185K02/230.35 mi7, Brookhouse Close, Hoghton, Preston, Lancashire PR5 0FH3
£215K12/200.5 miWellsbourne, Bank Head Lane, Bamber Bridge, Preston, Lancashire PR5 6YR3
£233.2K03/230.59 mi221, Hoghton Lane, Hoghton, Preston, Lancashire PR5 0JE3
£487.5K09/210.59 miMill House Cottage, Mill House Lane, Brindle, Chorley, Lancashire PR6 8NS3
£206K12/200.63 mi1, Methuen Close, Hoghton, Preston, Lancashire PR5 0JP3
£275K09/210.67 mi24, Fox Lane, Hoghton, Preston, Lancashire PR5 0JQ3
£250K09/210.7 mi4, Winster Close, Hoghton, Preston, Lancashire PR5 0PA3
£150K06/210.71 mi2, Charles Crescent, Hoghton, Preston, Lancashire PR5 0LL3
£202.5K08/230.76 mi20, Grange Drive, Hoghton, Preston, Lancashire PR5 0LP3
£120K03/210.78 mi61, Gregson Lane, Hoghton, Preston, Lancashire PR5 0LE3
£364K06/210.9 mi356, Brindle Road, Bamber Bridge, Preston, Lancashire PR5 6YN3
£210K09/210.94 mi9, Cottage Gardens, Bamber Bridge, Preston, Lancashire PR5 6AG3

Local Rents

10 rents from £950/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10012/240 miAlder Drive, Hoghton3
£1,00006/240 mi-3
£95006/240.11 miBankhead Lane, Hoghton, Preston, PR53
£1,20012/240.2 mi-3
£1,25003/250.47 mi-3
£97512/240.72 mi-3
£99512/240.82 miOak Leaf Drive, Bamber Bridge3
£1,30001/251.03 mi-3
£1,10003/251.11 mi-3
£1,10002/251.11 mi-3

Local Area Statistics

Population in PR5

40,828

Population in Preston

286,036

Town centre distance

3.77 miles away

Nearest school

0.10 miles away

Nearest train station

1.68 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £164,995

March 25, 2025

Description

  • Investment opportunity. +
  • 15 minute drive from the center of Preston. +
  • Well maintained property. +
  • Open planned living area. +
  • Good size Driveway. +

Property Sense are proud to present this stunning three-bedroom, semi-detached house, situated in the heart of Preston.   With tenants already in this property, it is ideal for investors looking to add to their portfolio. With a seamless transition, this could be a perfect time to capitalise on this opportunity.  The property is immaculate. The living area and dining room have an abundance of natural light, creating a tranquil environment to unwind after a long and tiring day. The kitchen provides ample storage space, with space also for a washer/dryer and fridge/freezer. All rooms have been professionally decorated with a white finish, with wooden flooring running throughout.  Upstairs, you're greeted with three good-sized bedrooms. With two double rooms, and one single room, this property is ideal for a small family. All rooms have been decorated to a high standard.  The bathroom is equipped with a shower/bath, providing both practicality and convenience.  Both gardens have been well maintained. The back garden includes tall fences for added security and privacy, alongside an outhouse.   For more information on the property investment potential, please get in touch.

Agent Details

Property Sense, Covering Nationwide

0161 888 0963

Next Steps?

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