2 Bed Flat, Single Let, Preston, PR1 6NR £50,000

St. Georges Road, Preston, Lancashire, PR1 6NR - 11 views - 9 months ago

Leasehold

Auction

BTL

ROI: 28%

~68 m²

ValuationUndervalued

Sold Prices	£27K - £367.5K
Sold Prices/m²	£474/m² - £2K/m²

Square Metres	~68.11 m²
Price/m²	£734/m²
Value Estimate	£61,500£61,500
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£12,500£12,500
Stamp Duty & Legal Fees	£2,700£2,700
Total Cash In	£15,200£15,200

Cash Out
Rent Range	£220 - £1,213£220 - £1,213
Rent Estimate	£659
Running Costs/mo	£308£308
Cashflow/mo	£351£351
Cashflow/yr	£4,211£4,211
ROI	28%28%
Gross Yield	16%16%

Local Sold Prices

29 sold prices from £27K to £367.5K, average is £78K. £474/m² to £2K/m², average is £1.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£81K	01/25	0.24 mi	4, Herbert Street, Preston PR1 6PD	-	-	2	Flat
£81K	01/25	0.24 mi	4, Herbert Street, Preston PR1 6PD	£1,191	68	2	Flat
£80K	09/21	0.25 mi	36a, Charnock Street, Preston, Lancashire PR1 6DR	£2,000	40	2	Flat
£110K	11/24	0.62 mi	The Room Apartments, 8, Lawson Street, Preston PR1 2QF	£1,667	66	2	Flat
£67K	12/22	0.63 mi	Apartment 59, Centenary Mill Court, New Hall Lane, Preston, Lancashire PR1 5JQ	-	-	2	Flat
£68K	01/25	0.67 mi	Kayley House, 10a, New Hall Lane, Preston PR1 4DP	£732	93	2	Flat
£75K	10/24	0.69 mi	12, Grimshaw Place, Preston PR1 3BW	£1,136	66	2	Flat
£77K	10/24	0.69 mi	15, Grimshaw Place, Preston PR1 3BW	£1,242	62	2	Flat
£81K	12/22	0.69 mi	13, Grimshaw Place, Preston, Lancashire PR1 3BW	£1,207	67	2	Flat
£82K	05/23	0.7 mi	16, Grimshaw Place, Preston, Lancashire PR1 3BW	£1,262	65	2	Flat
£72.8K	02/23	0.7 mi	41, Grimshaw Place, Preston, Lancashire PR1 3BW	£1,124	65	2	Flat
£67K	12/24	0.7 mi	Woodrow House, 3, Mercer Street, Preston PR1 4LQ	£1,237	54	2	Flat
£70K	06/25	0.7 mi	26, Woodrow House, Mercer Street, Preston PR1 4LQ	-	-	2	Flat
£80K	04/25	0.7 mi	35, Grimshaw Place, Preston PR1 3BW	£1,379	58	2	Flat
£80K	04/25	0.7 mi	35, Grimshaw Place, Preston PR1 3BW	-	-	2	Flat
£116K	10/24	0.72 mi	103 Moorlands, Flat 15, Garstang Road, Preston PR1 1NN	£1,758	66	2	Flat
£78K	03/23	0.74 mi	118, Elliott Street, Preston, Lancashire PR1 7XN	-	-	2	Flat
£73K	12/24	0.83 mi	14, Guardian Close, Preston PR2 8EX	£1,377	53	2	Flat
£61.5K	12/22	0.83 mi	Flat 6, Guardian Close, Poole Road, Fulwood, Preston, Lancashire PR2 8EX	-	-	2	Flat
£50K	07/23	0.88 mi	Flat 240, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ	-	-	2	Flat
£51K	10/21	0.88 mi	Flat 214, Sandown Court, Avenham Lane, Preston, Lancashire PR1 3UQ	-	-	2	Flat
£60K	11/24	0.88 mi	Sandown Court, 8, Avenham Lane, Preston PR1 3RS	£1,000	60	2	Flat
£92K	10/24	0.89 mi	17, City Views, Preston PR1 3QE	£1,614	57	2	Flat
£367.5K	05/25	0.9 mi	Apartment 4, 5, Winckley Square, Preston PR1 3JU	-	-	2	Flat
£360K	11/24	0.9 mi	5, Apartment 4, Winckley Square, Preston PR1 3JU	-	-	2	Flat
£367.5K	05/25	0.9 mi	Apartment 4, 5, Winckley Square, Preston PR1 3JU	-	-	2	Flat
£27K	05/25	0.93 mi	14, Conway House, Samuel Street, Preston PR1 4YJ	£474	57	2	Flat
£27K	05/25	0.93 mi	14, Conway House, Samuel Street, Preston PR1 4YJ	-	-	2	Flat
£80K	06/21	0.94 mi	5, Seymour Court, Preston, Lancashire PR1 7PT	£1,379	58	2	Flat

Local Rents

50 rents from £220/mo to £1.2K/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£900	11/25	0.07 mi	20 St Michaels Road, PRESTON, Lancashire PR1 6LY	2	Terraced House
£368	08/25	0.07 mi	Deepdale Road, Flat, Preston,PR1	2	Flat
£884	07/24	0.07 mi	Deepdale Road, PRESTON, Lancashire PR1 6QB	2	Flat
£220	07/25	0.07 mi	Deepdale Road, PRESTON, Lancashire PR1 6QB	2	Flat
£850	06/25	0.09 mi	-	2	Terraced House
£850	10/25	0.09 mi	-	2	Terraced House
£750	08/25	0.09 mi	3 Wren Street-FM, PRESTON PR1 6TB	2	Terraced House
£850	10/25	0.11 mi	St Andrews Road, PRESTON PR1 6NE	2	Terraced House
£800	11/25	0.11 mi	St Andrews Road, PRESTON PR1 6NE	2	Terraced House
£795	11/25	0.13 mi	St Christophers Road, Preston	2	Terraced House
£725	09/24	0.13 mi	-	2	Terraced House
£675	08/24	0.14 mi	St. Stephens Road, Preston	2	House
£750	03/25	0.14 mi	-	2	Terraced House
£750	06/24	0.18 mi	Castleton Road, PRESTON PR1 6QD	2	Terraced House
£1,014	07/24	0.18 mi	St Thomas Road, First Floor Flat, PRESTON, Lancashire PR1 8LN	2	Flat
£1,213	09/25	0.19 mi	St Pauls Road, Preston	2	Flat
£750	10/25	0.2 mi	-	2	Terraced House
£750	10/25	0.2 mi	St. Annes Street, Preston, PR1	2	Terraced House
£895	09/25	0.2 mi	St. Pauls Road, Preston, PR1	2	Terraced House
£825	08/24	0.2 mi	-	2	Terraced House
£895	09/25	0.2 mi	-	2	Terraced House
£750	06/25	0.22 mi	St. Georges Road, Preston, PR1	2	Terraced House
£750	06/25	0.22 mi	-	2	Terraced House
£725	09/25	0.23 mi	St. Georges Road, Deepdale	2	Terraced House
£700	07/24	0.23 mi	St. Georges Road, Deepdale	2	Terraced House
£750	10/25	0.23 mi	-	2	Terraced House
£525	08/25	0.23 mi	St. Barnabas Place, Preston, Lancashire, PR1	2	Room
£700	12/24	0.24 mi	-	2	Terraced House
£750	08/25	0.24 mi	Herbert Street Preston PR1 6PD	2	Terraced House
£795	08/24	0.25 mi	Elgin Street, Preston	2	Terraced House
£595	11/25	0.25 mi	Charnock Street Preston PR1 6DR	2	Flat
£750	11/25	0.25 mi	Charnock Street, Deepdale.	2	Terraced House
£425	08/25	0.26 mi	Peel Hall Street, Preston, Lancashire, PR1	2	Terraced House
£884	06/24	0.27 mi	Milner Street, PRESTON, Lancashire PR1 6BN	2	Terraced House
£910	11/25	0.27 mi	Milner Street, PRESTON, Lancashire PR1 6BN	2	Terraced House
£368	08/25	0.27 mi	45 Milner Street,Preston,PR1 6BN	2	Terraced House
£750	07/24	0.27 mi	Milner Street, Preston, Lancashire, PR1	2	Terraced House
£775	09/25	0.27 mi	Milner Street, Preston, Lancashire, PR1	2	Terraced House
£1,127	05/25	0.28 mi	Milner Street, Preston	2	Terraced House
£525	08/25	0.28 mi	Elgin Street, Preston	2	Terraced House
£875	12/24	0.28 mi	-	2	Terraced House
£925	10/25	0.28 mi	-	2	Terraced House
£675	10/25	0.29 mi	Kent Street Preston PR1 1PH	2	Terraced House
£750	08/25	0.3 mi	Milner Street, PRESTON, Lancashire PR1 6BP	2	Terraced House
£750	10/25	0.3 mi	Milner Street, PRESTON, Lancashire PR1 6BP	2	Terraced House
£425	07/25	0.3 mi	Meadow Street, Preston	2	Flat
£650	07/24	0.33 mi	Flat Above Shop ,Meadow Street, Preston	2	Flat
£884	07/24	0.35 mi	Shaw Street, Flat 7, PRESTON, Lancashire PR1 1UB	2	Flat
£884	07/24	0.35 mi	2-4, Shaw Street, Flat 6, PRESTON, Lancashire PR1 1UB	2	Flat
£750	07/25	0.35 mi	Turner Street, Preston, PR1	2	Flat

Local Area Statistics

Population in PR1	72,06572,065
Population in Preston	286,036286,036
Town centre distance	0.10 miles away0.10 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	1.08 miles away1.08 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 £50,000

February 12, 2025

Floor Plans

Description

Fantastic investment opportunity! Spacious two double bedroom first floor apartment boasting modern high gloss kitchen and two showers. Available via a Modern Method of Auction. No chain delay and viewing highly recommended. Situated within this convenient location in Deepdale offering easy access to local amenities and transport links. The accommodation briefly comprises; hallway and landing, lounge/diner, modern fitted kitchen, two double bedrooms, master with shower, separate shower and wc. Double glazing, gas central heating system. Call now to arrange your viewing on .

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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