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Garstang Road, Preston PR2

North West

£599,950
Listed on 02/11/2023

Property Details

Bedrooms
5
Type
Semi-detached house

Description

This unique semi-detached property, originating from 1898, is situated on a corner lot within a private crescent in Nooklands, part of the esteemed Fulwood conservation area. The home features five bedrooms and offers an array of flexible living configurations, showcasing traditional period details that enhance its character. The location benefits from proximity to Lancashire Teaching Hospitals NHS Trust and is well-connected to reputable schools, Preston city center, local amenities, and major transport routes including motorway access and the railway station. Such accessibility and community appeal make it a prime candidate for renovation or investment. While the property has undergone some updates—such as a new roof in 2012, new guttering in 2018, complete rewiring, and professionally renovated sash windows—there remains potential for further enhancement. The price reflects the current need for additional work to complete renovations, providing an opportunity for buyers looking to add value. Upon entering this home, you’ll find period features such as ornate ceiling roses and classic fireplaces throughout. The ground floor comprises two reception rooms alongside a study, dining kitchen with ample storage solutions, utility space with garage access, and a convenient WC. Each room benefits from generous natural light due to large windows that frame views of the garden. The basement adds considerable utility with four spacious rooms that could serve various purposes—be it additional living spaces or workspace options—complete with power and lighting. The first floor hosts all five bedrooms; three of them particularly stand out with their high ceilings and abundant light. Each is enhanced by traditional fireplaces that contribute to the home's charm. Bedrooms four and five are accessible via their own staircase; bedroom four has been partly converted into a family bathroom while bedroom five awaits renovation opportunities. Externally, the property boasts a private driveway capable of accommodating over ten vehicles. The front garden is bordered by mature shrubbery for privacy, while the rear garden offers a secluded space adorned with established trees—ideal for both recreation and entertaining. This property presents an exceptional opportunity due to its unique character and substantial renovation potential in an attractive location where such homes rarely become available.

Investment Analysis

(PR2 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£226
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
79
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (PR2)

Area prices are stable by 0.0% over the last 12 months
3 year growth: 6.7%
5 year growth: 19.4%
Investment Disclaimer: Analysis based on PR2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Garstang Road, Preston PR2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £449,962 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE