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94 Acregate Lane, Preston, Lancashire
Marketed by:
Auction House North West
311 Garstang Rd, Fulwood, Preston PR2 9XJ, UK
01772 772450
Vacant Two-Bedroom Freehold Terraced House
94 Acregate Lane, Preston, Lancashire
Sold
£65,000+
• 2 Bedrooms
• Terraced House
• Freehold
• Vacant
• Current Rating TBC
Description
Vacant Two Bedroom Terrace House. The property comprises of lounge, kitchen, utility, two bedrooms and bathroom. Located in popular residential area close to shops and schools.
Accommodation
Lounge, kitchen, utility, two bedrooms and bathroom.
Location
Located in popular residential area close to shops and schools.
Tenure / Property Information
Tenure |
Freehold |
Occupancy |
Vacant |
EPC |
Current Rating TBC |
Council Tax |
Band A |
Investment Analysis
Same-street completed sales range from £81,000 to £93,000 in the supplied evidence, with the two most recent sales at £92,000 and £93,000 in 2024. A base GDV of £92,000 is reasonable, subject to condition and legal-pack review. The £60,000 2022 sale indicates potential variability.
Investment Snapshot
Guide Price |
£65,000 (plus fees) |
HB Estimated GDV |
£92,000 |
Estimated Monthly Rent |
£800 – £850 pcm |
Estimated Annual Rent |
£9,900 pa |
Gross Yield on Guide |
15.2% |
Strategy Recommendation
Conditional BTL purchase near the guide, subject to inspection, legal-pack review and confirmation of achievable rent and total costs.
Works Required
No specific defects or works are evidenced. Inspect condition, services, EPC and legal matters before budgeting any refurbishment.
Rental & Market Context
HB Estimated Market Rent |
£800 – £850 pcm |
|
Houses to rent in PR1 - Zoopla — 2 bed — — Advertised asking rent |
£850 pcm |
|
Houses for sale & to rent in City Centre, Preston — 2 bed — — Advertised asking rent |
£800 pcm |
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
98, Acregate Lane, Preston, Preston, Pr1 5qp |
£93,000 |
|
86, Acregate Lane, Preston, Preston, Pr1 5qp |
£92,000 |
|
102, Acregate Lane, Preston, Preston, Pr1 5qp |
£83,000 |
|
99, Acregate Lane, Preston, Preston, Pr1 5qp |
£81,000 |
|
99, Acregate Lane, Preston, Preston, Pr1 5qp |
£60,000 |
Potential BRRR Position
Base GDV |
£92,000 |
75% Refinance |
£69,000 |
A potential BRRR exists because the guide is below the comparable evidence and 75% of the base GDV is approximately £69,000. However, total project cost cannot be established without condition, works and full fee information.
Buy-to-Let Analysis
At the £65,000 guide, supplied advertised rents of £800–£850 pcm imply approximately 14.77%–15.69% gross yield before costs. These are asking rents, not achieved rents, and refurbishment, finance, legal and other auction costs remain unquantified.
Flip Analysis
The base GDV is estimated at £92,000, but refurbishment costs, selling costs and full acquisition costs are unsupported. A reliable flip surplus or maximum bid cannot therefore be calculated.
Investor Risks & Due Diligence
• Property condition and refurbishment requirements are not evidenced.
• Rental figures are advertised asking rents rather than achieved rents.
• Buyer/admin and possible special-condition costs may materially increase total cost.
• EPC, heating, parking and legal-pack details are incomplete.
• A reliable maximum bid and flip surplus cannot be calculated without works and full costs.
Recommendation
Conditional BTL purchase near the guide, subject to inspection, legal-pack review and confirmation of achievable rent and total costs.
Strategy Rating
HB Rating |
★★★☆☆ |
Analysis Confidence
Confidence |
Medium |
Good same-street sold-price and rental evidence is available, but condition, refurbishment, EPC, legal-pack disbursements and achieved rent are unconfirmed.
Auction Details :
Auction House North West
Auction Date :
14/10/26
Lot Number :
8
Property Location:
94 Acregate Lane, Preston, Lancashire
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