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Eaves Lane, Chorley, PR6

North West

£149,995
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1337 sqft

Description

This charming mid-terraced stone cottage presents a unique opportunity for investment and renovation. With three bedrooms, this property is ripe for transformation to suit modern living while retaining its historic character. Upon entering, you are welcomed by an original feature-laden hallway that sets the tone for what lies ahead. The cozy lounge, highlighted by an inviting fireplace, provides a warm setting for gatherings but could benefit from modern updates to enhance its appeal. Adjacent to the lounge, the spacious dining area offers flexibility; it can easily be reconfigured into a second lounge or integrated with the kitchen space to create an open-plan design that caters to contemporary lifestyles. The kitchen, filled with natural light through dual windows, has potential for significant enhancement. Its practical layout allows for easy adjustments, whether upgrading appliances or modernizing finishes to elevate its functionality and aesthetic appeal. At the rear, the paved courtyard offers an opportunity for landscaping and outdoor improvements—imagine transforming it into a relaxing garden retreat or vibrant entertaining space. Moving upstairs, you'll find three well-sized bedrooms that provide comfortable private retreats but could be revitalized with fresh decor and perhaps layout changes to optimize their potential. The family bathroom completes this level and invites updates to create a more luxurious experience. Overall, this stone cottage blends historical charm with modern investment potential in a highly sought-after location in North West England. The surrounding area boasts excellent amenities and transport connections, making it an appealing option for both homeowners looking to personalize their space and investors seeking opportunities in residential renovation.

Investment Analysis

(PR6 area)

Below Market Value

This property is priced -50.5% below area average per sq ft

-50.5%
Potential saving
This Property
£112/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£333,555
10% above area average per sq ft
Potential ROI
+75.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (PR6)

Area prices are falling by +3.5% over the last 12 months
3 year growth: 5.1%
5 year growth: 18.8%
Investment Disclaimer: Analysis based on PR6 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

Eaves Lane, Chorley, PR6
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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
£549
Based on a loan of £112,496 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