Latest Valuation
£200,000
ROCE
%
Location
Leyland

Development for 6 Flats

This is a vacant site to be developed into 6 bedroom apartments. Located close to local amenities and nearby transport links.
Guide Price
£200,000

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Key Features

  • Profit 38%
  • Good rental of £37,800 annual
  • £510,000 GDV

The Property

Vacant site to be developed into 6 bedroom apartments. current value and purchase price is £200,000, purchase cost is £68,800 refurb/work cost is £116,000 with end gdv value is £510,000 once sold will be profit of £175,200 the roce is 95 percent and sourcing fees will be £10,000

Selling office: Sourced Stockport North

Planning Information

N/A

The Plan

Vacant site to be developed into 6 bedroom apartments, Located in Preston town centre, so that will include local amenities and nearby transport links.

The financials:
▪ Purchase price: £200,000
▪ GDV: £510,000
▪ Sourcing fee: £10,000
▪ Refurb cost: £116,000
▪ Profit: £175,200
▪ Annual rental income: £37,800

The Location

Leyland is set to receive up to £25 million in funding from the Government.
The award follows a funding bid submission in October 2020 by Leyland Town Board to the Government’s Town Fund.

The bid includes three key projects in Leyland Town Centre:
- Leyland town centre improvements including a new public square and commercial and residential developments.
- Improvements to Leyland Market.
- A business hub for skills, events and workspaces.

Average estimated value for a house in PR25 3LJ

£

The average price for property in PR25 3LJ stood at £191,436 in June 2021. This is a rise of 1.85% in the last three months (since March 2021) and rise of 6.83% since 12 months ago. In terms of property types, flats in PR25 3LJ sold for an average of £116,760 and terraced houses for £129,598. This is according to the current Zoopla estimates.

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