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Higher Bank Road, Fulwood, Preston, PR2 8PD

North West

£460,000
Listed on 28/01/2026

Property Details

Bedrooms
4
Type
Semi-detached house
Area
2691 sqft

Description

This property, formerly known as Vergers Cottage and the Church Meeting Rooms, has been transformed into a spacious family residence, presenting significant potential for renovation and investment. Situated on a generous double plot, there is an opportunity to explore further development options, pending planning approval. The expansive ground floor features a large open-plan kitchen/diner equipped with a central island, alongside a dining room, snug/study area, utility space, and a WC. An integral double garage offers easy access to the home and provides direct entry to the rear garden through double doors. On the first floor, you will find three well-sized bedrooms, including an ensuite in the principal suite and a separate family bathroom. Additionally, there is a studio apartment accessible via stairs from the garage. The second floor hosts another bedroom fitted with wardrobes. The external aspects of the property include roadside parking at the front and a charming split-level rear garden that promises tranquility with its stone-paved terrace, perfect for outdoor entertaining. Located in vibrant Fulwood, this home benefits from local amenities such as eateries and recreational facilities along with excellent transportation links to the M6 and M55 motorways. Families will appreciate nearby educational institutions ranging from primary schools to further education options like Preston College and the University of Central Lancashire. With an EPC Rating of E, this property requires attention but holds ample promise for enhancement.

Investment Analysis

(PR2 area)

Below Market Value

This property is priced -18.2% below area average per sq ft

-18.2%
Potential saving
This Property
£171/sq ft
Area Average
£209/sq ft
Avg Rent (weekly)
£212
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£618,217
10% above area average per sq ft
Potential ROI
+18.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
80
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (PR2)

Area prices are falling by -2.9% over the last 12 months
3 year growth: +5.1%
5 year growth: +18.1%
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

Higher Bank Road, Fulwood, Preston, PR2 8PD
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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
£1,659
Based on a loan of £345,000 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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