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Grove Street, Bamber Bridge, Preston

North West

£139,950
Listed on 06/06/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
921 sqft

Description

This three-bedroom terrace property in Bamber Bridge presents a promising opportunity for renovation and investment. Located in the bustling heart of the town, it offers easy access to local shops, cafes, and supermarkets, making everyday living convenient. The proximity to Bamber Bridge train station and major motorways like the M6 and M61 ensures that commuting is straightforward, adding to its appeal for potential renters or future buyers. Upon entering, you'll find a functional layout on the ground floor. The kitchen/dining area is spacious enough for family gatherings, complemented by useful under-stair storage. A natural flow leads from this space to the lounge at the rear of the property, which features direct access to the garden—ideal for expanding your indoor-outdoor living experience. The first floor hosts three well-sized bedrooms that hold significant potential for personalization or reconfiguration according to your vision. The accompanying shower/wet room with built-in storage is both practical and functional, catering to modern living needs. Externally, the driveway accommodates one vehicle, and there’s additional storage available in the single integrated garage. The private rear yard provides a blank canvas for outdoor enhancements or leisure activities, making it a versatile space for relaxation or entertainment. Overall, this property offers a valuable opportunity for first-time buyers or investors looking to make their mark through renovation. Its central location combined with strong local amenities and transport links positions it as an investment that could yield significant returns in a market ripe for development.

Investment Analysis

(PR5 area)

Below Market Value

This property is priced -30.8% below area average per sq ft

-30.8%
Potential saving
This Property
£152/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£236
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£13,995 - £34,988
10-25% of property value
Target Value
£222,527
10% above area average per sq ft
Potential ROI
+27.2%
After renovation
Monthly Sales
25
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (PR5)

Area prices are rising by +5.1% over the last 12 months
3 year growth: 8.8%
5 year growth: 23.0%
Investment Disclaimer: Analysis based on PR5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Grove Street, Bamber Bridge, Preston
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