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Balcarres Road, Chorley

North West

£129,995
Listed on 03/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
745 sqft

Description

This two-bedroom mid-terrace property is situated within walking distance of Chorley town centre, offering a prime opportunity for those looking to invest or embark on a renovation project. Positioned in a convenient area, the home is surrounded by an array of local amenities, including shops, supermarkets, dining options, and reputable schools. The proximity to Astley Park enhances its appeal, providing residents with access to green spaces ideal for outdoor activities and relaxation. Inside, the layout begins with an entrance hall that leads into a bright lounge area featuring a bay window that allows natural light to fill the room. This inviting space offers the potential for redesign, creating a more modern living environment. Further along, you will find the kitchen and dining area — currently functional but ripe for transformation into an open-plan arrangement that could enhance both usability and aesthetics. On the first floor, two spacious double bedrooms provide ample room for furnishings and personal touches. A well-appointed three-piece family shower room adds convenience to this level. Outside, you’ll discover a small front garden and on-street parking options. The rear paved yard includes access to a detached garage via an alleyway, which presents additional storage solutions or potential off-road parking options. While the property requires some updating throughout, it stands as an excellent investment opportunity in a desirable part of Chorley where renovations could significantly increase value.

Investment Analysis

(PR7 area)

Below Market Value

This property is priced -22.1% below area average per sq ft

-22.1%
Potential saving
This Property
£174/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£197
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£183,486
10% above area average per sq ft
Potential ROI
+14.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
66
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (PR7)

Area prices are rising by +11.9% over the last 12 months
3 year growth: 12.9%
5 year growth: 23.1%
Investment Disclaimer: Analysis based on PR7 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

Balcarres Road, Chorley
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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
£476
Based on a loan of £97,496 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