2 Bed Terraced House, Single Let, Preston, PR1 8PY, £87,500

Langton Street Preston PR1 8PY - 4 views - 5 years ago

Under Offer

BTL

ROI: 13%

~68 m²

ValuationUndervalued

Sold Prices	£70K - £183K
Sold Prices/m²	£843/m² - £3.3K/m²

Square Metres	~68.11 m²
Price/m²	£1.3K/m²
Value Estimate	£92,612£92,612
BMV	6%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£21,875£21,875
Stamp Duty & Legal Fees	£3,825£3,825
Total Cash In	£25,700£25,700

Cash Out
Rent Range	£675 - £2,185£675 - £2,185
Rent Estimate	£718
Running Costs/mo	£437£437
Cashflow/mo	£281£281
Cashflow/yr	£3,372£3,372
ROI	13%13%
Gross Yield	10%10%

Local Sold Prices

50 sold prices from £70K to £183K, average is £98K. £843/m² to £3.3K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£75K	01/21	0.01 mi	21, Langton Street, Preston, Lancashire PR1 8PY	£843	89	2	Terraced House
£98K	09/21	0.15 mi	33, Talbot Road, Preston, Lancashire PR1 8NX	£1,531	64	2	Semi-Detached House
£82K	06/23	0.17 mi	27, Kingswood Street, Preston, Lancashire PR1 8NP	-	-	2	Terraced House
£110K	10/21	0.21 mi	13, Colman Court, Preston, Lancashire PR1 8DL	£1,774	62	2	Terraced House
£125K	01/23	0.22 mi	38, Grafton Street, Preston, Lancashire PR1 8JH	-	-	2	Terraced House
£85K	03/23	0.23 mi	16, Nelson Terrace, Preston, Lancashire PR1 8SQ	£1,329	64	2	Terraced House
£79K	01/21	0.24 mi	17, Brixey Street, Preston, Lancashire PR1 8EB	£898	88	2	Terraced House
£92K	12/20	0.25 mi	15, Beech Terrace, Preston, Lancashire PR1 8DQ	£1,415	65	2	Terraced House
£70K	06/23	0.27 mi	15, Bird Street, Preston, Lancashire PR1 8DY	£1,111	63	2	Terraced House
£77K	11/20	0.32 mi	10, River Parade, Preston, Lancashire PR1 8EJ	£1,185	65	2	Terraced House
£97K	02/23	0.38 mi	15, Meath Road, Preston, Lancashire PR1 8EP	£1,565	62	2	Terraced House
£96.5K	03/23	0.39 mi	5, Meath Road, Preston, Lancashire PR1 8EP	£1,359	71	2	Terraced House
£115K	04/23	0.46 mi	2, Weston Street, Ashton On Ribble, Preston, Lancashire PR2 2QE	£1,150	100	2	Terraced House
£103.5K	03/21	0.46 mi	36, Beamont Drive, Preston, Lancashire PR1 8UN	£1,882	55	2	Terraced House
£123K	01/21	0.46 mi	5, Beamont Drive, Preston, Lancashire PR1 8UN	£1,952	63	2	Terraced House
£100K	03/21	0.48 mi	15, Garden Street, Preston, Lancashire PR1 8BT	£1,087	92	2	Terraced House
£90K	10/21	0.5 mi	35, St Marks Road, Preston, Lancashire PR1 8TL	£1,385	65	2	Terraced House
£183K	12/22	0.51 mi	27, South End, Preston, Lancashire PR1 8HA	£2,815	65	2	Semi-Detached House
£85K	10/21	0.53 mi	119, Wellington Street, Preston, Lancashire PR1 8TS	-	-	2	Terraced House
£75K	04/23	0.53 mi	111, Wellington Street, Preston, Lancashire PR1 8TS	£1,293	58	2	Terraced House
£160K	12/20	0.62 mi	11, Riverside Road, Penwortham, Preston, Lancashire PR1 9RE	£2,000	80	2	Terraced House
£78K	08/21	0.68 mi	38, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ	-	-	2	Terraced House
£95K	05/21	0.68 mi	50, Tulketh Road, Ashton On Ribble, Preston, Lancashire PR2 1AQ	-	-	2	Terraced House
£102.5K	02/21	0.69 mi	32, Swansea Street, Ashton On Ribble, Preston, Lancashire PR2 1AS	£1,342	76	2	Terraced House
£98K	02/21	0.7 mi	1, Tulketh Crescent, Ashton On Ribble, Preston, Lancashire PR2 2RH	£1,750	56	2	Terraced House
£90K	07/21	0.7 mi	21, Bray Street, Ashton On Ribble, Preston, Lancashire PR2 2RP	£1,139	79	2	Terraced House
£164K	06/23	0.71 mi	14, Talbot Road, Penwortham, Preston, Lancashire PR1 9QU	£1,827	90	2	Semi-Detached House
£129K	02/21	0.71 mi	17, Talbot Road, Penwortham, Preston, Lancashire PR1 9QU	£1,290	100	2	Terraced House
£98K	05/23	0.71 mi	26, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB	£1,400	70	2	Terraced House
£90K	11/20	0.71 mi	35, Mersey Street, Ashton On Ribble, Preston, Lancashire PR2 1BB	£1,000	90	2	Terraced House
£158K	03/23	0.73 mi	37, Endeavour Close, Ashton On Ribble, Preston, Lancashire PR2 2YG	£2,873	55	2	Terraced House
£110K	01/23	0.74 mi	42, Great Avenham Street, Preston, Lancashire PR1 3TD	£965	114	2	Terraced House
£100K	07/23	0.76 mi	3, Cardigan Street, Ashton On Ribble, Preston, Lancashire PR2 2AS	£1,961	51	2	Terraced House
£80K	03/21	0.76 mi	7, Flett Street, Ashton On Ribble, Preston, Lancashire PR2 2RX	-	-	2	Terraced House
£180K	12/22	0.77 mi	22, Britannia Drive, Ashton On Ribble, Preston, Lancashire PR2 2YD	£3,302	55	2	Terraced House
£92K	03/23	0.78 mi	8, Wolseley Place, Preston, Lancashire PR1 3XJ	£1,108	83	2	Terraced House
£85K	12/20	0.79 mi	67, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA	£955	89	2	Terraced House
£76K	03/21	0.79 mi	16, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA	£1,345	57	2	Terraced House
£117K	06/23	0.79 mi	41, Poulton Street, Ashton On Ribble, Preston, Lancashire PR2 2SA	£1,696	69	2	Terraced House
£98K	02/23	0.79 mi	48, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD	£1,420	69	2	Terraced House
£160K	06/21	0.79 mi	71, Margaret Road, Penwortham, Preston, Lancashire PR1 9RU	£3,200	50	2	Semi-Detached House
£76K	12/20	0.81 mi	50, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD	£1,462	52	2	Terraced House
£95K	04/21	0.81 mi	15, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD	£1,188	80	2	Terraced House
£92.5K	12/20	0.82 mi	7, Brookhouse Street, Ashton On Ribble, Preston, Lancashire PR2 2AN	£1,360	68	2	Terraced House
£108K	09/21	0.82 mi	85, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA	-	-	2	Terraced House
£118.5K	03/23	0.82 mi	35, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA	£1,362	87	2	Terraced House
£115K	11/20	0.82 mi	27, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA	£1,337	86	2	Terraced House
£105K	11/20	0.82 mi	37, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA	£1,071	98	2	Terraced House
£116.5K	12/20	0.82 mi	83, Waterloo Terrace, Ashton On Ribble, Preston, Lancashire PR2 1DA	£1,294	90	2	Terraced House
£83K	05/23	0.82 mi	13, Nares Street, Ashton On Ribble, Preston, Lancashire PR2 2SS	-	-	2	Terraced House

Local Rents

50 rents from £675/mo to £2.2K/mo, average is £997/mo.

Rent	Date	Distance	Address	Beds	Type
£725	06/24	0.01 mi	Langton Street, PRESTON PR1 8PY	2	Flat
£750	06/24	0.01 mi	Langton Street, Preston	2	Terraced House
£800	07/24	0.06 mi	-	2	Flat
£872	07/24	0.12 mi	Christ Church Street, Preston, Lancashire, PR1	2	Flat
£750	07/24	0.12 mi	Christ Church Street, Preston, PR1	2	Flat
£1,040	06/24	0.12 mi	Christchurch Street-Flat 1, PRESTON PR1 8PH	2	Flat
£823	07/24	0.12 mi	Christchurch Street flat 2, PRESTON PR1 8PH	2	Flat
£950	10/24	0.12 mi	-	2	Flat
£867	07/24	0.12 mi	-	2	Flat
£867	07/24	0.12 mi	-	2	Flat
£1,083	06/24	0.13 mi	Flat 2 Preston PR1 8JE	2	Flat
£1,083	06/24	0.13 mi	Flat 1 Preston PR1 8JE	2	Flat
£1,083	06/24	0.13 mi	Preston PR1 8JE	2	Flat
£750	08/24	0.15 mi	Christ Church Street, Preston	2	Terraced House
£750	08/24	0.15 mi	Christ Church Street, Preston	2	Terraced House
£971	06/24	0.17 mi	Fishergate Hill Flat, PRESTON, Lancashire PR1 8JB	2	Flat
£1,400	07/24	0.17 mi	The Old County Hotel, Fishergate Hill, Preston	2	Flat
£1,127	08/24	0.17 mi	a Fishergate Hill, Preston	2	Flat
£850	08/24	0.17 mi	-	2	Flat
£850	09/24	0.17 mi	-	2	Flat
£1,495	03/25	0.18 mi	-	2	Flat
£1,495	03/25	0.18 mi	-	2	Flat
£750	08/24	0.2 mi	-	2	Terraced House
£750	03/25	0.2 mi	-	2	Terraced House
£795	11/24	0.21 mi	-	2	Terraced House
£900	07/24	0.22 mi	Station Terrace, Waltons Parade	2	Flat
£1,645	06/24	0.24 mi	-	2	Flat
£2,185	09/24	0.24 mi	-	2	Flat
£2,185	03/25	0.24 mi	-	2	Flat
£750	06/24	0.26 mi	-	2	Terraced House
£997	08/24	0.27 mi	Fishergate Court, Flat 1, PRESTON, Lancashire PR1 8JB	2	Flat
£1,040	08/24	0.27 mi	Fishergate Court, Flat 2, PRESTON, Lancashire PR1 8JB	2	Flat
£997	08/24	0.27 mi	Fishergate Court, Flat 3, PRESTON, Lancashire PR1 8JB	2	Flat
£1,100	07/24	0.27 mi	Flat , Fishergate Court, Fishergate, Preston	2	Flat
£1,100	06/24	0.27 mi	The Sorting Office, 42 West Cliff, Preston, PR1	2	Flat
£695	06/24	0.27 mi	Taylor Street, Broadgate, Preston PR1	2	Terraced House
£850	06/24	0.28 mi	West Cliff, Preston	2	Flat
£675	07/24	0.29 mi	Tyne Street, Preston	2	Terraced House
£950	07/24	0.29 mi	West Cliff, Preston	2	Flat
£995	06/24	0.32 mi	The Sorting Office, 42 West Cliff, Preston	2	Flat
£1,100	06/24	0.32 mi	The Sorting Office, 42 West Cliff, Preston	2	Flat
£1,275	07/24	0.32 mi	The Sorting Office, 42 West Cliff, Preston	2	Flat
£1,100	07/24	0.32 mi	The Sorting Office, 42 West Cliff, Preston	2	Flat
£1,250	07/24	0.32 mi	The Sorting Office, 42 West Cliff, Preston	2	Flat
£1,275	07/24	0.32 mi	The Sorting Office, 42 West Cliff, Preston	2	Flat
£1,175	06/24	0.35 mi	Bishopgate Gardens, Bishopgate, Preston	2	Flat
£1,150	06/24	0.35 mi	Bishopgate Gardens, Bishopgate, Preston	2	Flat
£1,050	07/24	0.35 mi	Bishopgate Gardens, Bishopgate, Preston	2	Flat
£1,150	07/24	0.35 mi	Bishopgate Gardens, Bishopgate , Preston	2	Flat
£1,400	06/24	0.35 mi	Bishopgate Gardens, Bishopgate, Preston	2	Flat

Local Area Statistics

Population in PR1	72,06472,064
Population in Preston	286,036286,036
Town centre distance	1.31 miles away1.31 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+3%+3%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £87,500

September 11, 2020

Sold for £49,000

2002

Floor Plans

Description

Two Bedroom Mid Terrace Property +
Two Spacious Bedrooms +
Fully Fitted Kitchen & Three Piece Bathroom +
Yard to the Rear +
Double Glazing & Gas Central Heating +

We are pleased to present for sale this attractive two bedroom mid-terraced house close to local amenities and the city centre.

The property benefits from a large lounge, fitted kitchen, bathroom, two double bedrooms, double glazing and gas central heating.

There is a yard to the rear and on street parking.

Ideally suited for a first time buyer or ideal for an investor due to its appeal to the rental market..

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 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

2 Bed House, Single Let, Preston, PR1 8PY

£100,000

4 views • 3 months ago • 68 m²

Sold STC

2 Bed House, Single Let, Preston, PR1 8PY

£125,000

5 views • 3 months ago • 68 m²

Sold STC

2 Bed House, Single Let, Preston, PR1 8PY

£105,000

1 views • a month ago • 68 m²

Auction

3 Bed House, Single Let, Preston, PR1 8PT

£110,000

23 days ago • 93 m²

2 Bed Terraced House, Single Let, Preston, PR1 8PY, £87,500

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

2 Bed House, Single Let, Preston, PR1 8PY

2 Bed House, Single Let, Preston, PR1 8PY

2 Bed House, Single Let, Preston, PR1 8PY

3 Bed House, Single Let, Preston, PR1 8PT

Cashflows

Local Sold Prices

Local Rents