2 Bed Flat, Single Let, Preston, PR1 2AQ £79,995

CUBIC Birley Street, Preston, Lancashire, PR1 2AQ - 5 years ago

Leasehold

BTL

ROI: 10%

~61 m²

ValuationOvervalued

Sold Prices	£50K - £367.5K
Sold Prices/m²	£732/m² - £2.3K/m²

Square Metres	~60.74 m²
Price/m²	£1.3K/m²
Value Estimate	£75,435£75,435

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£19,999£19,999
Stamp Duty & Legal Fees	£5,200£5,200
Total Cash In	£25,199£25,199

Cash Out
Rent Range	£420 - £2,000£420 - £2,000
Rent Estimate	£600
Running Costs/mo	£390£390
Cashflow/mo	£210£210
Cashflow/yr	£2,520£2,520
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

36 sold prices from £50K to £367.5K, average is £83.5K. £732/m² to £2.3K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£367.5K	05/25	0.15 mi	Apartment 4, 5, Winckley Square, Preston PR1 3JU	-	-	2	Flat
£360K	11/24	0.15 mi	5, Apartment 4, Winckley Square, Preston PR1 3JU	-	-	2	Flat
£367.5K	05/25	0.15 mi	Apartment 4, 5, Winckley Square, Preston PR1 3JU	-	-	2	Flat
£92K	10/24	0.18 mi	17, City Views, Preston PR1 3QE	£1,614	57	2	Flat
£60K	11/24	0.2 mi	Sandown Court, 8, Avenham Lane, Preston PR1 3RS	£1,000	60	2	Flat
£50K	07/23	0.21 mi	Flat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ	-	-	2	Flat
£51K	10/21	0.21 mi	Flat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ	-	-	2	Flat
£82K	05/23	0.25 mi	16, Grimshaw Place, Preston, Lancashire PR1 3BW	£1,262	65	2	Flat
£72.8K	02/23	0.25 mi	41, Grimshaw Place, Preston, Lancashire PR1 3BW	£1,124	65	2	Flat
£75K	10/24	0.25 mi	12, Grimshaw Place, Preston PR1 3BW	£1,136	66	2	Flat
£77K	10/24	0.25 mi	15, Grimshaw Place, Preston PR1 3BW	£1,242	62	2	Flat
£81K	12/22	0.26 mi	13, Grimshaw Place, Preston, Lancashire PR1 3BW	£1,207	67	2	Flat
£110K	11/24	0.26 mi	The Room Apartments, 8, Lawson Street, Preston PR1 2QF	£1,667	66	2	Flat
£80K	04/25	0.26 mi	35, Grimshaw Place, Preston PR1 3BW	£1,379	58	2	Flat
£80K	04/25	0.26 mi	35, Grimshaw Place, Preston PR1 3BW	-	-	2	Flat
£146.5K	03/25	0.27 mi	Flat 2, 20 Charter House, Winckley Square, Preston PR1 3JJ	-	-	2	Flat
£146.5K	03/25	0.27 mi	Flat 2, 20 Charter House, Winckley Square, Preston PR1 3JJ	£2,289	64	2	Flat
£176K	03/25	0.27 mi	Apartment 6, 22, Winckley Square, Preston PR1 3JJ	-	-	2	Flat
£108K	10/24	0.62 mi	Old School Square, 8, Burleigh Road, Preston PR1 8PW	£1,200	90	2	Flat
£105K	01/23	0.62 mi	Apartment 22, Old School Square, Burleigh Road, Preston, Lancashire PR1 8PW	-	-	2	Flat
£67K	12/22	0.65 mi	Apartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ	-	-	2	Flat
£68K	01/25	0.65 mi	Kayley House, 10a, New Hall Lane, Preston PR1 4DP	£732	93	2	Flat
£88.1K	01/25	0.67 mi	5a, Meadow Court, Preston PR1 8JY	£1,493	59	2	Flat
£88.1K	01/25	0.67 mi	5a, Meadow Court, Preston PR1 8JY	£1,493	59	2	Flat
£81K	01/25	0.67 mi	4, Herbert Street, Preston PR1 6PD	-	-	2	Flat
£81K	01/25	0.67 mi	4, Herbert Street, Preston PR1 6PD	£1,191	68	2	Flat
£67K	12/24	0.68 mi	Woodrow House, 3, Mercer Street, Preston PR1 4LQ	£1,237	54	2	Flat
£70K	06/25	0.68 mi	26, Woodrow House, Mercer Street, Preston PR1 4LQ	-	-	2	Flat
£85K	12/22	0.68 mi	12, South Meadow Lane, Preston, Lancashire PR1 8JN	-	-	2	Flat
£95K	03/25	0.75 mi	61, Colman Court, Preston PR1 8DW	£1,218	78	2	Flat
£95K	03/25	0.75 mi	61, Colman Court, Preston PR1 8DW	-	-	2	Flat
£80K	09/21	0.79 mi	36a, Charnock Street, Preston, Lancashire PR1 6DR	£2,000	40	2	Flat
£97K	01/23	0.81 mi	2, Abbey Street, Ashton On Ribble, Preston, Lancashire PR2 2QD	-	-	2	Flat
£107K	05/25	0.96 mi	14, Kingfisher Court, Beamont Drive, Preston PR1 8UG	£1,551	69	2	Flat
£107K	05/25	0.96 mi	14, Kingfisher Court, Beamont Drive, Preston PR1 8UG	-	-	2	Flat
£78K	03/23	1 mi	118, Elliott Street, Preston, Lancashire PR1 7XN	-	-	2	Flat

Local Rents

50 rents from £420/mo to £2K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£575	08/25	0 mi	Cubic Apartment, Preston City Centre	2	Flat
£695	08/25	0 mi	Birley Street, Preston, Lancashire, PR1	2	Flat
£650	08/25	0 mi	Cubic Building, Birley Street	2	Flat
£625	08/25	0 mi	Cubic Building, Birley Street	2	Flat
£625	08/25	0.01 mi	Cubic, Birley Street, Preston, PR1	2	Flat
£625	08/25	0.01 mi	Cubic, Birley Street, Preston, PR1	2	Flat
£700	07/24	0.01 mi	Cubic, Birley Street, Preston, PR1 2AQ	2	Flat
£700	07/24	0.01 mi	Cubic, Birley Street, Preston, PR1 2AQ	2	Flat
£700	08/24	0.01 mi	Cubic, Birley Street, Preston	2	Flat
£650	07/24	0.01 mi	Cubic Apartment, Preston	2	Flat
£850	07/25	0.01 mi	Cubic Apartment, Preston	2	Flat
£800	07/25	0.01 mi	Cubic, Birley Street, Preston, Lancashire, PR1	2	Flat
£850	06/24	0.01 mi	-	2	Flat
£900	05/25	0.01 mi	-	2	Flat
£675	07/25	0.01 mi	Birley Street, Preston, PR1	2	Flat
£700	06/24	0.01 mi	Cubic, Birley Street, Preston	2	Flat
£1,500	11/25	0.04 mi	City Bridge Apartments, Glovers Court, Preston	2	Flat
£1,100	08/23	0.04 mi	City Bridge Apartments, Glovers Court, Preston	2	Flat
£1,600	07/24	0.04 mi	City Bridge Apartments, Glovers Court, Preston	2	Flat
£1,250	09/25	0.04 mi	City Bridge Apartments, Glovers Court, Preston	2	Flat
£1,200	03/25	0.04 mi	City Bridge Apartments, Glovers Court, Preston	2	Flat
£1,000	07/24	0.04 mi	Glovers Court, Preston	2	Flat
£1,150	11/25	0.04 mi	City Bridge, Preston	2	Flat
£1,300	10/25	0.06 mi	7 Cannon Street, Preston, PR1	2	Flat
£1,300	09/25	0.06 mi	7 Cannon Street, Preston, PR1	2	Flat
£1,300	10/25	0.06 mi	7 Cannon Street, Preston, PR1	2	Flat
£1,600	07/24	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,450	07/24	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,525	07/24	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,550	07/24	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,575	07/24	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,550	07/24	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,575	07/24	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,550	07/24	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,550	07/24	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,550	10/25	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,575	09/25	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,475	10/25	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,575	08/25	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,550	10/25	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,575	09/25	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,575	10/25	0.08 mi	apt 14 Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,650	07/24	0.08 mi	Buckingham House, Glovers Court	2	Flat
£1,575	09/25	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,550	09/25	0.08 mi	Buckingham House, Glovers Court, Preston, Lancashire, PR1	2	Flat
£2,000	06/24	0.09 mi	Buckingham House, 3 Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,950	07/24	0.09 mi	Buckingham House, 3 Glovers Court, Preston, Lancashire, PR1	2	Flat
£1,101	10/24	0.09 mi	Cannon Street, Flat, PRESTON, Lancashire PR1 3NT	2	Flat
£420	08/25	0.09 mi	Cannon Street, Preston, Lancashire, PR1	2	Flat
£1,250	06/24	0.1 mi	Flat , The Union Lofts, Guildhall Street, Preston	2	Flat

Local Area Statistics

Population in PR1	72,06572,065
Population in Preston	286,036286,036
Town centre distance	0.78 miles away0.78 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.39 miles away0.39 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-20%-20%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+27%+27%

Property History

Listed for £79,995

October 19, 2020

Sold for £78,000

2014

Floor Plans

Description

Excellent investment opportunity offering a 7.9% yield +
Modern two bedroom ninth floor apartment +
Hallway, lounge / modern kitchen +
Two bedrooms and modern bathroom +
No chain delay and viewing recommended +

Excellent investment opportunity with tenant in situ offering a 7.9% yield. Modern two bedroom ninth floor city centre apartment offering no chain delay and viewing highly recommended. The accommodation briefly comprises; hallway, lounge / modern kitchen, two bedrooms and modern bathroom. Located in the heart of the city centre close to the regenerated Guild Hall quarter. Double glazing and electric heating system. Call now to arrange your viewing. Leasehold.

Agent Details

Entwistle Green, Preston

01772 284722

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

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