2, Malthouse Way
2, Malthouse Way
Description & Estimates
2, Malthouse Way, Preston is described in the public record as a mid-century apartment with 516 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 2, Malthouse Way, Preston is £87,457 and its rental estimate is £656 per month, given the available information and assuming reasonable condition.
Malthouse Way, Penwortham, Preston, PR1 falls within the PR1 postal district, in the borough of South Ribble.
Our Data Sources
2, Malthouse Way, Preston has no records in the the Land Registry and a single entry in the EPC database dated December 2016.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Malthouse Way, Preston, we estimate a market value of £91,830 and a rental value of £689 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £81,335 and £610 per month respectively.
Recent Market Change
Over the last year, 2, Malthouse Way, Preston has seen its estimated sale value move down by £741 (0.8%) and its estimated rental value increase by £17 per month (2.5%). This results in an estimated gross rental yield of 9.0%.
Energy Efficiency
2, Malthouse Way, Preston has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Dec 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Malthouse Way, Preston have sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th May 2024, was 1, Penwortham Hall Gardens, Preston, PR1 9TG, a leasehold flat which sold for £122,500.
Read more about house prices in PR1.
- Sold May 2024£122,500 | 2 Bed Flat1, Penwortham Hall Gardens, Preston, PR1 9TG1, Penwortham Hall Gardens, Preston, PR1 9TG
- Sold Nov 2023£87,750 | 2 Bed Flat6, Malthouse Way, Preston, PR1 9HE6, Malthouse Way, Preston, PR1 9HE
- Sold Jun 2023£60,000 | 2 Bed Flat49, Penwortham Hall Gardens, Preston, PR1 9TG49, Penwortham Hall Gardens, Preston, PR1 9TG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 95 addresses on Malthouse Way, Penwortham, Preston, PR1, 2, Malthouse Way, Preston comes out as the 87th largest and the 77th most expensive in our analysis of the public data.
It is also £77k less expensive than the average property across the PR1 district.
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Schools Nearby
- 200mPenwortham Middleforth Church of England Primary School
- 500mKingsfold Primary School
- 700mSt Mary Magdalen's Catholic Primary School
- 1.1kmPenwortham Girls' High School
- 1.5kmAll Hallows Catholic High School
- 1.9kmPenwortham Priory Academy
More reading links
Public Transport Nearby
From 2, Malthouse Way, Preston, the nearest station is Preston (Lancs), 1.9 kilometres away.
- 1.9kmPreston (Lancs)
- 2.7kmLostock Hall
- 4.0kmBamber Bridge
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
