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Pall Mall, Chorley

North West

£100,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
981 sqft

Description

This three-bedroom terraced property in Chorley presents a promising opportunity for those looking to invest or renovate. Conveniently situated in the town center, it offers easy access to local amenities, including shops, schools, and recreational facilities. The proximity to Chorley train station makes it ideal for commuters, providing direct routes to both Manchester and Preston, while the nearby M61 and M6 motorways facilitate further travel. The interior features a spacious ground floor that previously served as both a commercial and residential space. This layout opens up various possibilities for reconfiguration, allowing for the creation of a modern, open-plan living area. The kitchen has potential as a focal point for family gatherings, alongside a family bathroom that could benefit from an update or redesign. Upstairs, the property comprises three generously sized bedrooms, each offering ample room for comfortable living arrangements. These rooms are ripe for renovation, making them suitable for modifying to contemporary standards or adapting to meet rental market demands. Outside, the small rear yard offers low-maintenance outdoor space with potential for enhancement. In summary, this property not only stands as a solid candidate for personal customization but also represents substantial investment potential in a sought-after location within Chorley.

Investment Analysis

(PR7 area)

Below Market Value

This property is priced -54.5% below area average per sq ft

-54.5%
Potential saving
This Property
£102/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£197
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£241,610
10% above area average per sq ft
Potential ROI
+61.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
66
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (PR7)

Area prices are rising by +11.9% over the last 12 months
3 year growth: 12.9%
5 year growth: 23.1%
Investment Disclaimer: Analysis based on PR7 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

Pall Mall, Chorley
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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
£366
Based on a loan of £75,000 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