Bank Parade, Preston, Lancashire, PR1
RE

Bank Parade, Preston, Lancashire, PR1

By Reeds Rains

£ 60,000

Reviews

2 out of 5 stars

Reeds Rains says ..

For Sale: This neutrally decorated one-bedroom flat, situated in a highly sought-after location, is ideal for first-time buyers or investors. Boasting of a favourable EPC rating of E and falling within council tax band A, this property offers a blend of comfort and affordability. The f...

Property Oracle says ..

This property is a 1-bedroom apartment located in Preston City Centre. The location benefits from being close to several primary schools and train stations, making it convenient for commuters and families. However, the provided images reveal that the property is in need of some modernisation and updating. The kitchen and bathroom appear functional but dated, and the bedroom shows signs of wear and tear. The property is listed at £60,000, which is significantly lower than the average price for properties in Preston (£384,318). While the average price per square foot in the area is £399, the lack of square footage data for this property makes a direct comparison difficult. Given the need for renovations and the lower price point compared to other properties in the area, the value for money could be considered good, depending on the buyer’s willingness and budget for renovations. The property is in a period building, which adds character.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
8
Land
1
Bedrooms
1
Bathrooms
1

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
322,952.00 £
Decreased by 27.89 %
from 447,880.00 £
Average area rental value
1,604.00 £/mo
Decreased by 7.50 %
from 1,734.00 £/mo
Est rental Yield
5.96 %
Increased by 28.17 %
from 4.65 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Reeds Rains created the listing.

Nearby Schools

NameTypeOfstedDistance
Stoneygate Nursery SchoolLocal Authority Nursery SchoolGood0.46 KM
Stoneygate Children'S CentreChildren's Centre0.46 KM
Imam Muhammad Zakariya SchoolOther Independent SchoolGood0.51 KM
St Augustine'S Catholic Primary SchoolVoluntary Aided SchoolGood0.52 KM
Frenchwood Community Primary SchoolCommunity SchoolGood0.71 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Tenby Road £ 000.00 KM
Lennox Street £ 000.00 KM
Rose Street £ 49,95000.00 KM
New Cock Yard £ 000.00 KM
Back Grimshaw Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Preston (Lancs)2753PRE1.41 KM
Lostock Hall2689LOH3.40 KM
Bamber Bridge2561BMB4.89 KM
Leyland2710LEY6.17 KM
Buckshaw Parkway7501BSV9.73 KM

Nearby Listings

AddressPriceTypeScoreDistance
Bank Parade, Preston, Lancashire, PR1 £ 60,000BUY5 / 100.00 KM
Bank Parade, Preston, PR1 £ 150,000BUY6 / 100.01 KM
Bank Parade, Preston £ 74,950BUY5 / 100.03 KM
Frenchwood Street, Preston £ 149,950BUY5 / 100.10 KM
Frenchwood Street, Preston, PR1 £ 125,000BUY5 / 100.12 KM

Nearby Properties

AddressPriceDistance
11 Bank Parade £ 350,0000.01 KM
8 Bank Parade £ 44,9990.01 KM
7 Bank Parade £ 41,0000.01 KM
2 Bank Parade £ 210,0000.01 KM
12 Bank Parade £ 380,0000.01 KM