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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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3 Cubic, Preston is recorded publicly as a modern leasehold apartment across 667 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 3 Cubic, Preston is £109,265 and its rental estimate is £726 per month, given the available information and assuming reasonable condition.
Cubic, Birley Street is a residential building on Birley Street, Preston, PR1 and falls within the PR1 postal district and the borough of Preston.
3 Cubic, Preston has a single entry in the Land Registry from May 2010 and a single entry in the EPC database dated October 2023.
We combine this information with that 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.
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 3 Cubic, Preston, we estimate a market value of £114,729 and a rental value of £763 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £101,617 and £676 per month respectively.
Over the last year, 3 Cubic, Preston has seen its estimated sale value drop by £926 (0.8%) and its estimated rental value rise by £18 per month (2.5%). This results in an estimated gross rental yield of 8.0%.
3 Cubic, Preston has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Oct 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The most recent sale of 3 Cubic, Preston completed on 19th May 2010 at £158,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 7.5% over the period since May 2010.
Over the past 2 years 3 properties similar to 3 Cubic, Preston have sold within a radius of 400 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th December 2024, was 5 Cubic, Birley Street, Preston, PR1 2AQ, a leasehold flat which sold for £52,500.
Read more about house prices in PR1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 50 addresses on Birley Street, Preston, PR1, 3 Cubic, Preston comes out as the 13th largest and the 13th most expensive in our analysis of the public data.
It is also £55k less expensive than the average property across the PR1 district.
From 3 Cubic, Preston, the nearest station is Preston (Lancs), 600 metres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 3 Cubic, Preston, 86.2% of property is privately rented and 8.3% is socially rented.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 3 Cubic, Preston, 44.7% of residents are recorded as possessing school level qualifications and 53.5% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 3 Cubic, Preston, the average age was 34.4 and the most common age was 22.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 3 Cubic, Preston, 1.1% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 3 Cubic, Preston, there are an average of 0.3 cars per household.
See below for how this compares to North West and the rest of England & Wales.
