Apartment 2, The Sorting Office 42
Apartment 2, The Sorting Office 42
Description & Estimates
Apartment 2, The Sorting Office 42, Preston is recorded publicly as a modern leasehold apartment across 441 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of Apartment 2, The Sorting Office 42, Preston is £138,294 and its rental estimate is £732 per month, given the available information and assuming reasonable condition.
The Sorting Office, West Cliff is a residential building on West Cliff, Preston, PR1 and falls within the PR1 postal district and the borough of Preston.
Our Data Sources
Apartment 2, The Sorting Office 42, Preston has a single entry in the Land Registry from July 2019 and a single entry in the EPC database dated May 2019.
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.
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 Apartment 2, The Sorting Office 42, Preston, we estimate a market value of £145,209 and a rental value of £768 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £128,613 and £681 per month respectively.
Recent Market Change
Over the last year, Apartment 2, The Sorting Office 42, Preston has seen its estimated sale value decrease by £714 (0.5%) and its estimated rental value grow by £21 per month (2.9%). This results in an estimated gross rental yield of 6.4%.
Energy Efficiency
Apartment 2, The Sorting Office 42, Preston has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 May 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
The most recent sale of Apartment 2, The Sorting Office 42, Preston completed on 26th July 2019 at £102,000 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 1.9% over the period since July 2019.
- Sold Jul 2019£102,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Apartment 2, The Sorting Office 42, Preston have sold within a radius of 510 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 12th February 2021, was Apartment 4, The Sorting Office 42, West Cliff, Preston, PR1 8HU, a leasehold flat which sold for £125,000.
Read more about house prices in PR1.
- Sold Feb 2021£125,000 | 1 Bed FlatThe Sorting Office 42, West CliffApartment 4, The Sorting Office 42, West Cliff, Preston, PR1 8HU
- Sold Jul 2019£117,000 | 1 Bed FlatThe Sorting Office 42, West CliffApartment 7, The Sorting Office 42, West Cliff, Preston, PR1 8HU
- Sold Jul 2019£105,750 | 1 Bed FlatThe Sorting Office 42, West CliffApartment 3, The Sorting Office 42, West Cliff, Preston, PR1 8HU
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 165 addresses on West Cliff, Preston, PR1, Apartment 2, The Sorting Office 42, Preston comes out as the 146th largest and the 58th most expensive in our analysis of the public data.
It is also £26k less expensive than the average property across the PR1 district.
More reading links
Schools Nearby
- 200mSt Stephen's CofE School
- 1.1kmSt Mary Magdalen's Catholic Primary School
- 1.2kmSt Augustine's Catholic Primary School, Preston
- 1.3kmPenwortham Girls' High School
- 1.5kmChrist The King Catholic High School
- 1.8kmEden Boys' School, Preston
More reading links
Public Transport Nearby
From Apartment 2, The Sorting Office 42, Preston, the nearest station is Preston (Lancs), 400 metres away.
- 400mPreston (Lancs)
- 3.6kmLostock Hall
- 4.4kmBamber 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.
