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Wyke Oliver Road, Preston - Image 1
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Wyke Oliver Road, Preston

South West

£425,000
Listed on 23/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1346 sqft

Description

Nestled in the desirable Preston area, this spacious two-bedroom detached bungalow presents a compelling opportunity for renovation and investment. Set back from the road, the property boasts a generous driveway that not only enhances its curb appeal but also offers ample parking space. The surrounding gardens provide a peaceful retreat, complete with established trees and a substantial lawn area that invites outdoor possibilities. Inside, the bungalow features a well-thought-out layout that can be reimagined to suit modern living preferences. The entrance porch leads into an inviting dining hall with original parquet flooring, setting the tone for character throughout the home. Natural light floods the dual-aspect sitting room, which spans the width of the property and connects seamlessly to a sunroom—ideal for enjoying views of the rear garden while entertaining or relaxing. The kitchen, overlooking the garden, is equipped with fitted units and offers potential for an upgrade to enhance functionality. Both bedrooms are generously sized; the master bedroom includes built-in wardrobes and views of the rear space, while the second bedroom also features built-ins. The family bathroom is spacious and could be transformed according to personal taste or expanded as part of any renovation project. The exterior is equally impressive, featuring a large terrace at the back of the property perfect for outdoor furniture arrangements and gatherings. With plenty of space available for landscaping or future development (subject to planning permission), there is significant scope to increase both aesthetic appeal and value. Additionally, a tandem garage with power provides practical storage solutions along with access to further utility options. Situated in Preston—a highly sought-after residential locale—this property benefits from proximity to local amenities such as shops, cafes, and healthcare facilities located at Chalbury Corner. Beautiful coastal walks along Jurassic paths and access to nature reserves add lifestyle appeal, while well-regarded schools serve families in the area. This bungalow presents a unique chance not only to create a comfortable home but also to capitalize on its investment potential through thoughtful renovations or extensions.

Investment Analysis

(DT3 area)

Below Market Value

This property is priced -11.5% below area average per sq ft

-11.5%
Potential saving
This Property
£316/sq ft
Area Average
£357/sq ft
Avg Rent (weekly)
£267
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£527,982
10% above area average per sq ft
Potential ROI
+11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DT3)

Area prices are falling by +4.4% over the last 12 months
3 year growth: -5.3%
5 year growth: 11.3%
Investment Disclaimer: Analysis based on DT3 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

Wyke Oliver Road, Preston
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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
£1,557
Based on a loan of £318,750 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