2 Bed Flat, Single Let, Preston, PR1 2AQ, £69,950

Cubic House, Birley Street, Preston, PR1 2AQ - 9 days ago

Leasehold
BTL
ROI: 16%
~68 m²

ValuationUndervalued

Sold Prices£44.5K - £175K
Sold Prices/m²£1.1K/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£86,738
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,488

Stamp Duty & Legal Fees

£4,698

Total Cash In

£22,185

 

 

Cash Out

 

Rent Range

£650 - £2,000

Rent Estimate

£675

Running Costs/mo

£374

Cashflow/mo

£301

Cashflow/yr

£3,617

ROI

16%

Gross Yield

12%

Local Sold Prices

50 sold prices from £44.5K to £175K, average is £91K. £1.1K/m² to £3.3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£50K07/230.22 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.22 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£82K05/230.25 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.25 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.25 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£81K12/220.26 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£79.5K04/210.3 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£105K01/230.62 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£67K12/220.64 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£44.5K10/200.64 miApartment 58, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.64 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.68 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£85K12/220.69 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£80K09/210.79 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£97K01/230.81 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£65K04/210.85 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£78K03/230.99 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£130K06/231.01 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£80K06/211.03 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£86K03/231.28 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.28 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.28 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£83K10/211.28 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£110K11/221.37 miFlat 7, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£112.5K07/231.37 miFlat 5, Garden Court, Tulketh Avenue, Ashton On Ribble, Preston, Lancashire PR2 1DG2
£100K10/201.38 mi94a, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£140K12/221.38 mi54, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD2
£92K05/211.38 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£130K11/221.44 mi13, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£105K09/231.44 mi49, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£118K04/231.44 mi4, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2YJ2
£145K11/211.45 mi138, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XE2
£125K01/231.46 mi184, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XF2
£142.5K06/231.46 mi44, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£163K02/231.46 mi42, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£123K12/221.46 mi30, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£151.5K01/231.46 mi56, Mountbatten Close, Ashton On Ribble, Preston, Lancashire PR2 2XB2
£160K01/211.46 mi3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£75K11/201.47 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£52.5K04/211.55 miFlat 21, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£59.4K10/201.55 miFlat 14, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£61.5K12/221.55 miFlat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£170K02/231.55 miFlat 88, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YZ2
£74K02/211.57 mi18, Tinniswood, Ashton On Ribble, Preston, Lancashire PR2 1EL2
£128K12/201.58 miFlat 6, Wembley Court, Wembley Avenue, Penwortham, Preston, Lancashire PR1 9UW2
£175K10/211.62 miFlat 5, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£145K10/221.62 miFlat 11, Victoria Mansions, Navigation Way, Ashton On Ribble, Preston, Lancashire PR2 2YX2
£135K08/231.63 mi47, Pope Lane, Penwortham, Preston, Lancashire PR1 9JN2
£105K07/211.65 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/201.65 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2

Local Rents

50 rents from £650/mo to £2K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£70007/240 miCubic, Birley Street, Preston, PR1 2AQ2
£70007/240 miCubic, Birley Street, Preston, PR1 2AQ2
£70008/240 miCubic, Birley Street, Preston2
£85006/240 mi-2
£90003/250 mi-2
£65007/240 miCubic Apartment, Preston2
£70006/240.01 miCubic, Birley Street, Preston2
£1,45003/220.05 miCity Bridge Apartments, Glovers Court, Preston2
£1,60007/240.05 miCity Bridge Apartments, Glovers Court, Preston2
£1,60006/240.05 miCity Bridge Apartments, Glovers Court, Preston2
£1,00007/240.05 miGlovers Court, Preston2
£1,60007/240.08 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,45007/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,52507/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,57507/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,57507/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,55007/240.09 miBuckingham House, Glovers Court, Preston, Lancashire, PR12
£1,65007/240.09 miBuckingham House, Glovers Court2
£2,00006/240.09 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£1,95007/240.09 miBuckingham House, 3 Glovers Court, Preston, Lancashire, PR12
£85006/240.1 miMarket Street, Preston2
£1,25006/240.11 miFlat , The Union Lofts, Guildhall Street, Preston2
£1,15007/240.11 miFlat , The Union Lofts, Guildhall Street, Preston2
£92507/240.11 miPark House, Guildhall Street, Preston, Lancashire, PR12
£92507/240.11 miPark House, Guildhall Street, Preston, Lancashire, PR12
£97507/240.11 miPark House, Guildhall Street, Preston, PR12
£95007/240.11 miPark House, Guildhall Street, Preston, PR12
£1,29506/240.12 mi-2
£1,19508/240.12 mi-2
£65006/240.12 mi2 Bed Apartment, Friargate, Preston2
£1,25007/240.13 miFlat 13, The Union Lofts2
£70008/240.15 miFlat 3, Chapel Walks, Preston2
£1,20008/240.15 mi24 Cannon Street , Preston, 2
£1,20006/240.15 mi24 Cannon Street , Preston, 2
£1,55008/240.15 mi13 Winckley Street, Preston, Lancashire, PR12
£1,75007/240.15 miGuild House, 17 Cross Street, Preston, PR12
£79510/230.16 miWolseley Place, Preston, Lancashire, PR12
£1,25007/240.16 mi11 Winckley Street, Preston Town Centre2
£1,15010/230.16 miWinckley Square, Preston, Lancashire, PR12
£1,00010/230.16 miWinckley Square, Preston, Lancashire, PR12
£85007/240.16 miWinckley Square, Preston2
£77506/240.16 miWinckley House, Winckley Square, Preston, Lancashire, PR12
£1,10002/240.17 mi-2
£1,00006/240.17 miWinckley Square, Preston, Lancashire, PR12
£89506/240.17 miRing Way, Preston, PR12
£82509/240.17 miLime House, Ring Way, Preston, PR12
£1,80006/240.17 miLune Street, Preston, PR12

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.77 miles away

Nearest school

0.20 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £69,950

March 26, 2025

Description

MODERN CITY CENTRE APARTMENT * TWO DOUBLE BEDROOMS *** This well designed apartment offers deceptively spacious accommodation situated in the heart of Preston City centre. The property comprises entrance hall, open plan lounge/dining kitchen with integrated appliances, two double bedrooms and bathroom. There are superb views over the city centre and beyond.  Contemporary apartment finished to a good standard throughout. These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

Agent Details

Dewhurst Homes, Penwortham

01772 286822

Next Steps?

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