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Bowlingfield, Preston, Lancashire, PR2

North West

£115,000
Listed on 16/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-terrace property presents a compelling investment opportunity for those looking to capitalize on the potential for renovation and value enhancement. Located in the desirable area of Ingol, Preston, this home features a straightforward layout with an entrance hallway, kitchen, lounge area, and storage space on the ground floor. The first floor accommodates two bedrooms alongside a bathroom/WC and additional storage. The property is set to benefit from external space with a private rear garden and offers the possibility for further development through refurbishment or potential extensions, subject to necessary planning permissions. With vacant possession available, buyers can begin their projects immediately. The local market shows strong demand, with comparable properties achieving values of £120,000 or more. The proximity to Preston city centre (just 3.1 miles away) ensures access to a variety of shops and amenities while nearby recreational areas like Tanterton Green provide outdoor leisure opportunities. This property is well-suited for investors seeking a quick turnaround or those wishing to enhance their buy-to-let portfolio.

Investment Analysis

(PR2 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£226
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
79
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (PR2)

Area prices are stable by 0.0% over the last 12 months
3 year growth: 6.7%
5 year growth: 19.4%
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

Bowlingfield, Preston, Lancashire, PR2
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Mortgage Calculator

£
£
£
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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 £86,250 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