2 Bed Terraced House, Refurb/BRRR, Preston, PR1 7UX, £90,000

Dallas Street Preston PR1 7UX - 31 views - 4 years ago

Sold STC
BTL
Refurb/BRRR
Negative Equity
ROI: 9%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£68K - £220K
Sold Prices/m²£661/m² - £3.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£92,700
BMV3%

 

 

End Value (After Refurb)

£96,421

Uplift in Value

+7%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£28,882

Bridging Loan Interest

£2,363

Total Cash In

£59,395

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£96,421

Mortgage (After Refinance)

£72,316

Mortgage LTV

75%

Cash Released

£4,816

Cash Left In

£54,579

Equity

£24,105

Rent Range

£600 - £2,200

Rent Estimate

£947

Running Costs/mo

£511

Cashflow/mo

£436

Cashflow/yr

£5,235

ROI

9%

Gross Yield

13%

Local Sold Prices

50 sold prices from £68K to £220K, average is £100K. £661/m² to £3.3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£74K05/210.02 mi15, Elmsley Street, Preston, Lancashire PR1 7XD2
£86K08/210.09 mi68, Cambridge Street, Preston, Lancashire PR1 7XA2
£82K08/210.1 mi45, Jemmett Street, Preston, Lancashire PR1 7XJ2
£90K04/230.1 mi50, Jemmett Street, Preston, Lancashire PR1 7XJ2
£76.5K11/210.1 mi110, Elliott Street, Preston, Lancashire PR1 7XN2
£85K02/210.12 mi61, Lowndes Street, Preston, Lancashire PR1 7XT2
£78K02/210.12 mi18, Ripon Street, Preston, Lancashire PR1 7UL2
£131K05/230.13 mi37, Ripon Street, Preston, Lancashire PR1 7UJ2
£100K03/230.14 mi15, Lowndes Street, Preston, Lancashire PR1 7XS2
£110K08/230.17 mi1, Wildman Street, Preston, Lancashire PR1 7QH2
£110K04/230.19 mi41, College Court, Preston, Lancashire PR1 7RU2
£145K05/230.19 mi105, College Court, Preston, Lancashire PR1 7RU2
£140K02/230.2 mi48, College Court, Preston, Lancashire PR1 7RN2
£85.5K03/230.21 mi189, Emmanuel Street, Preston, Lancashire PR1 7NQ2
£78K03/230.28 mi28, Stanhope Street, Preston, Lancashire PR1 7PN2
£135K12/220.29 mi386, Brook Street, Fulwood, Preston, Lancashire PR2 3AH2
£86K06/230.31 mi23, Lovat Road, Preston, Lancashire PR1 6DP2
£75K04/210.31 mi25, Shuttleworth Road, Preston, Lancashire PR1 6DB2
£115K08/210.32 mi1, Greenbank Avenue, Preston, Lancashire PR1 7QB2
£125K01/230.32 mi11, Greenbank Avenue, Preston, Lancashire PR1 7QB2
£100K06/230.34 mi30, Arkwright Road, Preston, Lancashire PR1 6BY2
£82K02/210.36 mi7, Shuttleworth Road, Preston, Lancashire PR1 6DA2
£85K10/210.37 mi13, Arkwright Road, Preston, Lancashire PR1 6BX2
£73.5K08/210.38 mi80, Lovat Road, Preston, Lancashire PR1 6DQ2
£92K05/210.39 mi11, Bucklands Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BP2
£113.5K05/210.42 mi11, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BD2
£120K02/210.42 mi4, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BD2
£120K03/230.42 mi19, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BD2
£130K04/230.42 mi60, Lulworth Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BE2
£94K02/230.43 mi14, Coniston Avenue, Ashton On Ribble, Preston, Lancashire PR2 2HS2
£90K08/210.44 mi169, Kent Street, Preston, Lancashire PR1 1PH2
£110K07/210.45 mi78, Murdock Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BL2
£110K01/210.45 mi58, Murdock Avenue, Ashton On Ribble, Preston, Lancashire PR2 2BL2
£168K07/230.46 mi62, Lytham Road, Fulwood, Preston, Lancashire PR2 3AQ2
£110K03/230.47 mi64, Inkerman Street, Ashton On Ribble, Preston, Lancashire PR2 2AQ2
£77K04/210.47 mi14, Milner Street, Preston, Lancashire PR1 6BN2
£92.5K12/200.48 mi7, Brookhouse Street, Ashton On Ribble, Preston, Lancashire PR2 2AN2
£177K05/230.49 mi5, Trafalgar Close, Ashton On Ribble, Preston, Lancashire PR2 2HG2
£76K12/200.49 mi50, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£95K04/210.49 mi15, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£116K12/200.5 mi105, Parker Street, Ashton On Ribble, Preston, Lancashire PR2 2AJ2
£133.8K02/210.51 mi16, Black Bull Lane, Fulwood, Preston, Lancashire PR2 3PU2
£98K02/230.51 mi48, De Lacy Street, Ashton On Ribble, Preston, Lancashire PR2 2DD2
£68K09/210.51 mi44, Elcho Street, Preston, Lancashire PR1 6BA2
£90K06/230.52 mi121, St Georges Road, Preston, Lancashire PR1 1PR2
£220K06/230.52 mi111, Lytham Road, Fulwood, Preston, Lancashire PR2 3EW2
£100K07/230.53 mi3, Cardigan Street, Ashton On Ribble, Preston, Lancashire PR2 2AS2
£134K02/230.54 mi7, Dorman Close, Ashton On Ribble, Preston, Lancashire PR2 2BF2
£156K03/210.57 mi4, Rose Avenue, Ashton On Ribble, Preston, Lancashire PR2 2HA2
£150K04/210.57 mi20, Oxford Road, Fulwood, Preston, Lancashire PR2 3JL2

Local Rents

50 rents from £600/mo to £2.2K/mo, average is £798/mo.

RentDateDistanceAddressBeds 
£73001/240.02 mi-2
£75006/240.02 miElmsley Street, Preston, Lancashire, PR12
£1,14407/240.03 miFlat 2 Eldon Street, Preston2
£65006/240.06 miEldon Street, PRESTON PR1 7YE2
£2,09407/240.08 miOtway Street, Preston, Lancashire, PR12
£2,09407/240.08 miOtway Street, Preston, Lancashire, PR12
£1,60008/240.08 miOtway Street, Preston, Lancashire, PR12
£1,60008/240.08 miOtway Street, Preston, Lancashire, PR12
£70006/240.09 miWove Court, Garstang Road2
£79507/240.09 miGarstang Road, Preston, Lancashire, PR12
£70008/240.09 miWove Court, Garstang Road2
£1,05007/240.09 miWove Court, Garstang Road, Preston2
£85007/240.09 miWove Court, Garstang Road, Preston, Lancashire, PR12
£79507/240.09 miMoor Hall Street, Preston2
£79508/240.09 miMoor Hall Street, Preston2
£72506/240.1 miMoor Hall Street, Preston, Lancashire, PR12
£82507/240.11 miGarstang Road, Preston2
£1,15008/240.11 miGarstang Road, Preston, Lancashire, PR12
£75006/240.11 miMoorlands, 103 Garstang Road, Preston, Lancashire, PR12
£80007/240.11 miMoorlands, 103 Garstang Road, Lancashire, PR12
£79502/250.12 mi-2
£85008/240.13 mi-2
£75006/240.15 miWildman street, Plungington, Preston2
£79507/240.15 miPlungington Road, Preston, Lancashire, PR12
£85006/240.19 miNorris Street, Preston2
£75008/240.2 miEmmanuel Street, Preston2
£1,31204/250.21 mi-2
£65010/240.23 mi-2
£60006/240.23 miRoyal Drive, Fulwood, Preston, PR22
£80003/250.24 mi-2
£1,00007/240.24 mi-2
£2,20011/240.24 mi-2
£72502/240.25 mi-2
£82507/240.26 mi-2
£80006/240.27 mi5-7 Moor Park Avenue, Preston, PR12
£92707/240.28 miPlungington Road, PRESTON, Lancashire PR1 7RB2
£92707/240.28 miPlungington Road, PRESTON, Lancashire PR1 7RB2
£92707/240.28 mi1 Derwent Water Place - flat 2-LO, PRESTON, PR1 6DL2
£63504/250.29 mi-2
£67507/240.3 miPlungington Road Flat 2, PRESTON, Lancashire PR1 7EP2
£77507/240.3 miPlungington Road, PRESTON, Lancashire PR1 7EP2
£69509/240.35 mi-2
£79507/240.35 miRoyal Drive, Fulwood, PR22
£75007/240.37 miSt Georges Road, Preston2
£85004/250.38 mi-2
£67502/250.39 mi-2
£99707/240.42 miHawkins Street, Flat, PRESTON, Lancashire PR1 7HR2
£1,05706/240.42 miHawkins Street, Flat, PRESTON, Lancashire PR1 7HR2
£70006/240.42 miDerby Road, Fulwood, Preston, PR2 8JJ2
£80012/240.43 mi-2

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

0.84 miles away

Nearest school

0.10 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £90,000

-5%

February 2, 2021

Sold for £94,950

2007

Floor Plans

Description

  • Ideal Buy to Let Investment / First Time Buy +
  • Two Spacious Bedrooms +
  • Yard to the Rear +
  • Three Piece Bathroom +
  • Modern Fitted Kitchen +
  • Popular Residential Location in Preston +

Jones Cameron bring to the market for sale this fantastic investment property placed on Dallas Street, Preston.

The spacious property comprises an entrance vestibule, reception room, modern fitted kitchen, two good sized bedrooms and a three-piece bathroom.  The home also benefits from a very good-sized yard to the rear.

Ideally located in a popular residential area, its within a good distance of local amenities such as Schools, supermarkets and public transport links.

In need of some renovations, this competitively priced property is sure to be popular.   Call now to book your viewing!

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 💪