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Preston Street, Lancashire BB3

West Midlands

£75,000
Listed on 26/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
785 sqft

Description

This two-bedroom house presents a valuable renovation opportunity, ideal for first-time buyers or investors looking to make their mark. Offering a solid foundation, this property is perfectly positioned with convenient access to public transport, quality schools, and a variety of local amenities, making it suitable for families and professionals alike. The interior features two spacious reception rooms, including a versatile open-plan area that encourages creative reconfiguration for modern living. The practical kitchen serves as a blank canvas ready for transformation into a contemporary culinary space tailored to your preferences. Two bedrooms are included, one being generously sized, providing ample accommodation options whether for personal use or rental potential. A family bathroom completes the living space, enhancing the property's practicality. In summary, this house not only offers a chance to create your dream home but also represents an enticing opportunity for those seeking to expand their investment portfolio with a property that has significant upgrade potential in a sought-after area. Early viewings are encouraged to fully grasp the possibilities available here.

Investment Analysis

(BB3 area)

Below Market Value

This property is priced -45.2% below area average per sq ft

-45.2%
Potential saving
This Property
£96/sq ft
Area Average
£174/sq ft
Avg Rent (weekly)
£178
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£150,638
10% above area average per sq ft
Potential ROI
+36.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
58%
Properties sold annually

Local Market Trend (BB3)

Area prices are stable by +1.3% over the last 12 months
3 year growth: +8.2%
5 year growth: +21.0%
Investment Disclaimer: Analysis based on BB3 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

Preston Street, Lancashire BB3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£270
Based on a loan of £56,250 over 30 years at 4.06% 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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