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5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ - Image 1
5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ - Image 2
5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ - Image 3
5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ - Image 4
5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ - Image 5
5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ - Image 6
5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ - Image 7
5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ - Image 8
5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ - Image 9
5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ - Image 10
5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ - Image 11

5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ

North West

£140,000
Listed on 03/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This vacant three-bedroom semi-detached house presents a compelling opportunity for renovation and investment in a desirable residential neighborhood. Upon entering, you'll find a spacious hallway leading to a lounge and dining area, ideal for reimagining the layout according to modern standards. The kitchen, although functional, offers potential for enhancement or complete redesign. The first floor hosts three bedrooms, which can be transformed into cozy retreats or even reconfigured to create additional living space. A shared bathroom and separate WC provide essential conveniences, yet they also present an excellent opportunity for updating. Externally, the property features off-street parking along with gardens at both the front and rear, offering ample outdoor space that could be revitalized into landscaped areas or family-friendly environments. Additionally, the pitched roof garage adds valuable storage or workshop potential. Located in a sought-after community with convenient access to local amenities, schools, and transport links, this property is ideally positioned for those looking to capitalize on future appreciation in value. With the right vision and investment into renovations, there’s significant potential to enhance this space into a modern family home or rental property. This offering is freehold and situated within Preston's local authority jurisdiction, making it an appealing prospect for buyers interested in long-term investments. Exploring financing options is feasible for prospective buyers wishing to secure this opportunity at auction.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
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

5 First Avenue, Ashton-On-Ribble, Preston, Lancashire PR2 1JQ
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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
£513
Based on a loan of £105,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE