2 Bed Flat, Single Let, Preston, PR1 4DP, £85,000

Kayley House, New Hall Lane, Preston, PR1 4DP - 7 views - 7 years ago

BTL
ROI: 8%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£23.5K - £160K
Sold Prices/m²£458/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£103,700
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£3,750

Total Cash In

£25,000

 

 

Cash Out

 

Rent Range

£575 - £1,500

Rent Estimate

£578

Running Costs/mo

£401

Cashflow/mo

£177

Cashflow/yr

£2,121

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £23.5K to £160K, average is £84K. £458/m² to £5.8K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£67K12/220.05 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£44.5K10/200.05 miApartment 58, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.05 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£60K04/210.07 miApartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ2
£65K04/210.26 mi71, Wilbraham Street, Preston, Lancashire PR1 5NN2
£81K12/220.37 mi13, Grimshaw Place, Preston, Lancashire PR1 3BW2
£82K05/230.38 mi16, Grimshaw Place, Preston, Lancashire PR1 3BW2
£72.8K02/230.38 mi41, Grimshaw Place, Preston, Lancashire PR1 3BW2
£66K03/210.38 mi10, Grimshaw Place, Preston, Lancashire PR1 3BW2
£50K07/230.54 miFlat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£51K10/210.54 miFlat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ2
£79.5K04/210.71 mi119a, Walker Street, Preston, Lancashire PR1 2RR2
£130K06/230.74 mi11, Edward Street, Walton Le Dale, Preston, Lancashire PR5 4BY2
£80K09/210.87 mi36a, Charnock Street, Preston, Lancashire PR1 6DR2
£105K01/231.24 miApartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW2
£85K12/221.29 mi12, South Meadow Lane, Preston, Lancashire PR1 8JN2
£78K03/231.29 mi118, Elliott Street, Preston, Lancashire PR1 7XN2
£97K01/231.36 mi2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD2
£80K06/211.43 mi5, Seymour Court, Preston, Lancashire PR1 7PT2
£61.5K12/221.47 miFlat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£52.5K04/211.47 miFlat 21, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£59.4K10/201.47 miFlat 14, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX2
£128K05/231.61 mi86, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£131K05/231.61 mi86a, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4JG2
£83K10/211.63 mi51, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£86K03/231.63 mi70, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K11/221.63 mi49, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£90K05/231.63 mi45, Royal Drive, Fulwood, Preston, Lancashire PR2 3AF2
£108K03/221.63 mi184, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£102K07/221.64 mi182, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£108K05/221.65 mi188, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£100K09/211.65 mi198, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£110K04/211.65 mi206, Holland House Road, Walton Le Dale, Preston, Lancashire PR5 4HY2
£25.2K06/231.69 mi3, Glenview Court, Ribbleton, Preston, Lancashire PR2 6EG2
£50K10/211.7 miFlat 4, Birchall Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£23.5K02/211.7 miFlat 2, Travers Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£48.5K01/211.7 miFlat 4, Elston Lodge, Grange Avenue, Ribbleton, Preston, Lancashire PR2 6PF2
£92K05/211.71 mi7, The Fieldings, Fulwood, Preston, Lancashire PR2 3BB2
£75K11/201.71 mi25, Derby Road, Fulwood, Preston, Lancashire PR2 8JJ2
£105K07/211.72 mi36, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£116K09/231.72 mi39, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£126K11/201.72 mi16, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£114K10/201.72 mi43, Dorchester Avenue, Walton Le Dale, Preston, Lancashire PR5 4PE2
£115K04/211.75 mi75, Neapsands Close, Fulwood, Preston, Lancashire PR2 9AQ2
£47K05/211.76 miFlat 3, Beacon Lodge, Fir Trees Place, Ribbleton, Preston, Lancashire PR2 6FL2
£102.5K10/201.77 mi52, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX2
£115K05/231.77 mi52, Fareham Close, Walton Le Dale, Preston, Lancashire PR5 4JX2
£104K06/211.8 mi7, Halliwell Heights, Walton Le Dale, Preston, Lancashire PR5 4NT2
£160K01/211.81 mi3, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£150K09/221.83 mi14, Abbotts Close, Walton Le Dale, Preston, Lancashire PR5 4NU2

Local Rents

49 rents from £575/mo to £1.5K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£57506/240.03 miKayley House, Preston2
£57507/240.03 miKayley House, New Hall Lane, Preston2
£75008/240.03 mi-2
£75008/240.03 mi-2
£85003/250.03 mi-2
£75006/240.05 miCentenary Mill, New Hall Lane2
£80008/240.05 miCentenary Mill, Preston2
£79508/240.05 miCentenary Mill Court, New Hall Lane, Preston, PR12
£67507/240.06 miMercer Street, Preston, PR12
£89501/250.06 mi-2
£79506/240.06 mi-2
£89506/240.06 mi-2
£95008/240.06 mi-2
£89508/240.06 mi-2
£85003/250.06 mi-2
£99511/240.06 mi-2
£79501/250.06 mi-2
£85007/240.06 miCentenary Mill Court, Preston, PR12
£89507/240.06 miCentenary Mill Court, Preston, PR12
£89508/240.06 miCentenary Mill Court, Preston, PR12
£70006/240.07 miWoodrow House,Mercer Street, Preston, PR1 4LQ2
£75003/250.08 mi-2
£60007/240.12 miCromford Walk, Preston2
£75012/240.2 mi-2
£57503/250.25 mi-2
£1,00011/240.31 mi-2
£93003/250.31 mi-2
£75001/250.31 mi-2
£72507/240.33 miCaroline Street, Preston2
£1,15006/240.33 miThe Exchange, Percy Street, Preston2
£1,20006/240.33 miThe Exchange, Percy Street, Preston2
£1,25506/240.33 miThe Exchange, Percy Street, Preston2
£1,35006/240.33 miThe Exchange, Percy Street, Preston2
£1,17506/240.33 miThe Exchange, Percy Street, Preston2
£1,35006/240.33 miThe Exchange, Percy Street, Preston2
£1,20006/240.33 miThe Exchange, Percy Street, Preston2
£1,50006/240.33 miThe Exchange, Percy Street , Preston2
£1,00006/240.33 miThe Exchange, Percy Street, Preston2
£1,14506/240.33 miThe Exchange, Percy Street, Preston2
£1,25006/240.33 miThe Exchange, Percy Street, Preston2
£1,14506/240.33 miThe Exchange, Percy Street, Preston2
£1,00006/240.33 miThe Exchange, Percy Street, Preston2
£1,15007/240.33 miThe Exchange, Percy Street, Preston2
£1,15007/240.33 miThe Exchange, Percy Street, Preston2
£1,28007/240.33 miThe Exchange, Percy Street, Preston2
£1,24507/240.33 miThe Exchange, Percy Street, Preston2
£1,10007/240.33 miThe Exchange, Percy Street , Preston2
£1,10007/240.33 miThe Exchange, Percy Street , Preston2
£1,27006/240.33 miThe Exchange, Percy Street, Preston2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.60 miles away

Nearest school

0.10 miles away

Nearest train station

1.01 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £85,000

August 15, 2018

Floor Plans

Description

  • Fantastic Two Bed Apartment with En-Suite Spacious Accommodation +
  • Close to The City Centre within easy Reach of the Motorway +
  • Spacious Living Space, Kitchen and Appliances +
  • Two Spacious Double Beds with Wardrobes and One with En-Suite +
  • Beautiful Condition an Ideal Investment or for FTB +

We are delighted to bring to the market this fantastic two bedroom top floor apartment with viewing across the city and the Lancashire hills. Located close to the city centre and within easy reach of the M6 motorway.

The very spacious property benefits from an en-suite, double glazing and is in beautiful condition with good carpets, flooring and decoratively is in first class order.

The accommodation is accessed via a secure communal entrance hallway with well-maintained communal spaces either by lift or by staircase. There is a hallway and a storage area. The spacious living diner and a beautiful kitchen area has high quality appliances and a good size window that opens similar to a balcony.

There are two spacious double bedrooms with built-in wardrobes and one bedroom has an en-suite.

Additionally there is a bathroom which includes a shower over bath, wc and a wash hand basin.

This property would be ideal as an investment with good rental potential or alternatively for a first time buyer or single/young couple wanting convenience of apartment living close to the city.

What The Agent Says
A fantastic property in very good condition. Call today to arrange a viewing on 01772 203345.

Agent Details

Farrell Heyworth, Preston & Central Lancashire

01772 963630

Next Steps?

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