Worst House on the Street Logo
Balcarres Road, Chorley - Image 1
Balcarres Road, Chorley - Image 2
Balcarres Road, Chorley - Image 3
Balcarres Road, Chorley - Image 4
Balcarres Road, Chorley - Image 5
Balcarres Road, Chorley - Image 6
Balcarres Road, Chorley - Image 7
Balcarres Road, Chorley - Image 8
Balcarres Road, Chorley - Image 9
Balcarres Road, Chorley - Image 10
Balcarres Road, Chorley - Image 11

Balcarres Road, Chorley

North West

£129,995
Listed on 05/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
745 sqft

Description

This two-bedroom mid-terrace property, located within a short stroll from the heart of Chorley, represents a promising opportunity for those looking to invest in an area with strong growth potential. Ideal for first-time buyers, couples, or investors eager for a renovation project, this home benefits from its proximity to local amenities such as shops, restaurants, and parks, along with well-rated schools. Excellent transport links further enhance its appeal, offering easy access to both Preston and Manchester by rail and seamless connections via the M6 and M61 motorways.<br><br>Upon entering, you'll find a welcoming entrance hall leading into a spacious lounge, adorned with a bay window that allows natural light to flood the room. The kitchen/dining area at the rear offers substantial scope for reconfiguration into a modern open-plan space tailored to contemporary needs.<br><br>The first floor accommodates two sizeable double bedrooms that allow for ample furnishing options and storage solutions. Additionally, there is a functional three-piece family shower room enhancing the practicality of the layout.<br><br>Outside features include a quaint front garden and on-street parking availability. The rear paved yard boasts a detached garage accessed via an alleyway – perfect for storage or private parking. While requiring some refurbishment work, this property holds great potential to be transformed into an inviting home within this desirable Chorley neighbourhood.

Investment Analysis

(PR7 area)

Below Market Value

This property is priced -25.0% below area average per sq ft

-25.0%
Potential saving
This Property
£174/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£192
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£190,575
10% above area average per sq ft
Potential ROI
+23.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
75
Average per month
Market Turnover
60%
Properties sold annually

Local Market Trend (PR7)

Area prices are rising by +9.2% over the last 12 months
3 year growth: +11.1%
5 year growth: +19.2%
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
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£469
Based on a loan of £97,496 over 30 years at 4.06% 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

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates