According to the public record, 2, Olivewood Road, Preston is a leasehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,183 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Olivewood Road, Bamber Bridge, Preston, PR5 is located in the borough of South Ribble within the PR5 postal district.
2, Olivewood Road, Preston has a single entry in the Land Registry database from February 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Olivewood Road Preston as £230,509 and the rental value as £1,183 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 2 Olivewood Road Preston has decreased by £1,793 (0.8%) and its rental value has increased by £16 per month (1.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Olivewood Road, Preston is in very good condition we estimate a sale value of £242,035 and rental value of £1,242 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £214,374 and a rental value of £1,100 per month.
If you were able to purchase this property for the estimated value of £230,509, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,133 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 2, Olivewood Road, Preston was last sold on 29 Feb 2016 for £186,995 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Feb 2016, the market for similar properties has risen 28.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Olivewood Road, Preston within a radius of 110m over the last 2 years.
The most recent example is 3, Olivewood Road, Preston, PR5 6DP, a Leasehold house which sold for £237,000 in Jun 2024.
Read more about house prices in PR5.
Olivewood Road, Bamber Bridge, Preston, PR5 has a total of 10 addresses. According to our analysis of all the public data, 2, Olivewood Road, Preston is the 2nd largest and the 4th most expensive property on the street.
When compared to the postcode district it is £29k more expensive than the average property in PR5.
The closest station to 2, Olivewood Road, Preston is Bamber Bridge station which is 1.3 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Olivewood Road, Preston, 48.7% of property is privately owned with a mortgage and 30.0% is privately rented.
The graph below shows how this compares to Greater London 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 2, Olivewood Road, Preston, 23.2% of residents are recorded as possessing school level qualifications and 29.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Olivewood Road, Preston, the average age was 39.5 and the most common age was 32.
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 2, Olivewood Road, Preston, 0.4% 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 2, Olivewood Road, Preston, there are an average of 1.2 cars per household.
See below for how this compares to North West and the rest of England & Wales.