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Fairfield Drive, Ashton-On-Ribble, Preston

North West

£145,000
Listed on 16/07/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
965 sqft

Description

This mid-terrace residence offers a blend of spacious living and renovation potential, located in the sought-after area of Ashton-on-Ribble, Preston. The home is tucked away in a tranquil neighborhood but remains conveniently close to essential amenities, including local shops, cafés, and picturesque walking paths. The vibrant city center of Preston is just a short distance away, providing an even wider selection of retail and dining options. For those commuting, the property benefits from excellent transport links with nearby bus services and easy access to Preston Train Station and the M6 motorway. Upon entering, you're greeted by a welcoming porch that leads into the main hallway, which connects you to the staircase and primary reception areas. The front lounge is spacious and features a large bay window that allows ample natural light to flow in, complemented by a cozy fireplace that serves as a charming focal point. This area seamlessly transitions into the dining room, which also includes its own fireplace—ideal for hosting family gatherings. From here, patio doors open out to the rear garden, enhancing indoor-outdoor living; there is convenient access from the dining room directly into the kitchen. The kitchen itself is generously sized with a good range of wall and base units. Dual-aspect windows ensure it remains bright and inviting while providing sufficient space for freestanding appliances. Additionally, practical under-stair storage can be found off the hallway. The first floor accommodates two well-sized double bedrooms that offer flexibility for various uses. A third smaller bedroom presents opportunities for a nursery, home office, or guest accommodation. The sizable bathroom is currently undergoing renovations with plans for new installations. Outside, the property features a lovely rear garden complete with a well-manicured lawn and patio area surrounded by established shrubs and trees that provide both privacy and aesthetic appeal. At the front of the house, there's a driveway offering off-road parking for one or two vehicles. Nestled in a cul-de-sac setting adds an extra layer of safety and serenity. Recent enhancements include updates such as a new flat roof over the kitchen area, comprehensive rewiring throughout the house, fresh plastering in many rooms, an upgraded boiler system, and outdoor lighting—establishing a robust foundation for further improvements tailored to personal tastes or investment goals. This property presents an excellent opportunity not only for first-time buyers but also for those seeking to add value through thoughtful renovations in an appealing location.

Investment Analysis

(PR2 area)

Below Market Value

This property is priced -26.6% below area average per sq ft

-26.6%
Potential saving
This Property
£150/sq ft
Area Average
£205/sq ft
Avg Rent (weekly)
£225
Avg Yield
5.6%

Renovation Potential

Est. Renovation Cost
£14,500 - £36,250
10-25% of property value
Target Value
£217,183
10% above area average per sq ft
Potential ROI
+19.8%
After renovation
Monthly Sales
69
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (PR2)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 4.0%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on PR2 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

Fairfield Drive, Ashton-On-Ribble, Preston
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