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Southport Terrace, Chorley

North West

£69,995
Listed on 01/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
609 sqft

Description

This two-bedroom mid-terrace property presents a promising opportunity for buyers looking to undertake a renovation project. Located just outside the bustling Chorley town centre, this home is strategically positioned near a variety of local amenities, including shops, schools, and cafés. The proximity to Chorley train station and frequent bus routes enhances its appeal for those commuting to nearby cities such as Preston, Bolton, and Manchester, with easy access to the M6 and M61 motorways. The ground floor features a spacious lounge that benefits from an abundance of natural light, thanks to its large front-facing window. A charming fireplace adds character to the room. The kitchen offers substantial storage space and room for freestanding appliances while providing direct access to a rear yard through a single door. Upstairs, you'll find two well-sized bedrooms, with the master bedroom particularly generous in size. The three-piece family bathroom includes an over-bath shower, catering to everyday needs. Externally, there is ample on-street parking available at the front of the property. The rear yard is well-maintained and includes a convenient storage shed, adding practicality to the outdoor space. This property not only allows for personal customization but also holds strong potential for value enhancement through renovations. Early viewing is advisable for those interested in exploring its possibilities as an investment or starter home.

Investment Analysis

(PR6 area)

Below Market Value

This property is priced -49.3% below area average per sq ft

-49.3%
Potential saving
This Property
£115/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£151,933
10% above area average per sq ft
Potential ROI
+51.9%
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

Southport Terrace, 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
£256
Based on a loan of £52,496 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