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Lutwidge Avenue, Preston, PR1

North West

£114,995
Listed on 10/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
737 sqft

Description

This two-bedroom mid-terrace property presents a prime opportunity for those looking to invest or create their ideal living space. Nestled near Deepdale Retail Park, the location offers convenient access to a variety of local amenities and excellent motorway connections, making it suitable for both commuting and everyday needs. Inside, the home features two spacious double bedrooms, with the second bedroom housing a modern combi boiler. The rear of the property boasts a sizable kitchen diner that opens up possibilities for family meals or gatherings with friends. Although the interior would benefit from some updating, this aspect allows for creative freedom—ideal for buyers wishing to personalize their environment and enhance its value. Additional highlights include on-street parking, freehold ownership, and an appealingly low council tax band (A), which can contribute positively to your investment considerations. Given its renovation potential and strategic location, this property is particularly attractive for first-time buyers, downsizers, or savvy investors looking to capitalize on growth in this area. Viewing is highly recommended to fully appreciate what this property has to offer.

Investment Analysis

(PR1 area)

Below Market Value

This property is priced -18.5% below area average per sq ft

-18.5%
Potential saving
This Property
£156/sq ft
Area Average
£191/sq ft
Avg Rent (weekly)
£209
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£155,127
10% above area average per sq ft
Potential ROI
+10.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (PR1)

Area prices are falling by +5.8% over the last 12 months
3 year growth: 5.0%
5 year growth: 16.7%
Investment Disclaimer: Analysis based on PR1 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

Lutwidge Avenue, Preston, PR1
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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
£421
Based on a loan of £86,246 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