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Higher Bank Road, Preston PR2 - Image 1
Higher Bank Road, Preston PR2 - Image 2
Higher Bank Road, Preston PR2 - Image 3
Higher Bank Road, Preston PR2 - Image 4
Higher Bank Road, Preston PR2 - Image 5

Higher Bank Road, Preston PR2

North West

£190,000
Listed on 17/08/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1259 sqft

Description

This detached house offers a promising opportunity for renovation in a highly desirable residential area. While it currently requires modernisation and some cosmetic updates, its spacious layout and well-defined rooms provide an excellent foundation for creating a personalized family home. Upon entering, you will find a welcoming hallway that leads to a separate WC, enhancing convenience for residents and guests alike. The generously sized through lounge invites natural light and provides ample space for both relaxation and entertainment. The kitchen, which opens into a conservatory, presents the perfect setting for culinary creativity, while also offering potential for enhancement or reconfiguration to suit contemporary tastes. Adjacent is a utility room and additional storage space, catering to practical needs. On the first floor, three bedrooms await, including a master suite featuring an en-suite bathroom. A separate three-piece shower room serves the other bedrooms, ensuring functionality for family living or guest accommodations. The property is complemented by an enclosed rear garden requiring minimal maintenance—a desirable feature for busy lifestyles while still allowing room for outdoor enjoyment or landscaping ideas. Its location benefits from proximity to local amenities, making everyday errands convenient. It’s important to note that the integral garage associated with this home is not owned by the vendor and will not be included in the sale. For those looking to invest in a property with significant potential in an established neighborhood, this house presents an attractive opportunity to tailor it to your specifications.

Investment Analysis

(PR2 area)

Below Market Value

This property is priced -26.0% below area average per sq ft

-26.0%
Potential saving
This Property
£151/sq ft
Area Average
£204/sq ft
Avg Rent (weekly)
£226
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£282,520
10% above area average per sq ft
Potential ROI
+25.6%
After renovation
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

Higher Bank 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
£696
Based on a loan of £142,500 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