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Watling Street Road, Fulwood, Preston

North West

£475,000
Listed on 31/12/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This distinctive property presents a multifaceted investment opportunity. Once a large detached family residence, it has been partially transformed into a one-bedroom flat on the lower ground level with a spacious four-bedroom house directly above. With some effort, the remaining conversion can be completed, or alternatively, the property can be reverted to its original five-bedroom layout or even divided into three separate flats, depending on planning permissions. The home boasts generous living areas and includes an additional cellar that holds potential for conversion into further functional space. The expansive garden is another highlight, featuring a gently sloping lawn that leads to natural woodland at the rear, enriched by mature fruit trees and diverse flora that attract local wildlife. Conveniently located near central Preston, this property offers significant renovation potential and warrants a closer look to fully grasp its possibilities.

Investment Analysis

(PR2 area)
Area Average
£207/sq ft
Avg Rent (weekly)
£220
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
83
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (PR2)

Area prices are stable by +0.7% over the last 12 months
3 year growth: 6.6%
5 year growth: 20.2%
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

Watling Street Road, Fulwood, Preston
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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
£1,740
Based on a loan of £356,250 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