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Church Lane, Goosnargh, Preston

North West

£150,000
Listed on 05/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
1120 sqft

Description

This 2-bedroom cottage presents a unique opportunity for those looking to invest in a property with significant renovation potential. Nestled in a serene location, the home is bordered by open fields at the rear, providing a peaceful backdrop while still being conveniently close to local amenities. The property boasts an intelligently designed downstairs extension that enhances the kitchen space, allowing for ample natural light and views of the garden and beyond. A separate lounge provides a comfortable area for relaxation. Upstairs, you will find two generously sized double bedrooms along with a three-piece bathroom. Additionally, the spacious loft room offers great potential for conversion into an extra living space or office, subject to obtaining the necessary planning permissions. While the home does require cosmetic upgrades, this allows for customization according to personal taste and style. Outside, there is off-road parking available for two cars and a pleasant rear outlook that invites you to enjoy the surrounding rural landscape. Key highlights include the extended kitchen area, two sizeable bedrooms, off-road parking facilities, and picturesque countryside views. This property not only promises comfortable living but also holds significant investment potential for those willing to put in the effort for refurbishment. If you're interested in exploring this opportunity further or have any questions, feel free to reach out.

Investment Analysis

(PR3 area)

Below Market Value

This property is priced -47.8% below area average per sq ft

-47.8%
Potential saving
This Property
£134/sq ft
Area Average
£257/sq ft
Avg Rent (weekly)
£250
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£316,070
10% above area average per sq ft
Potential ROI
+97.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PR3)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -2.4%
5 year growth: 10.2%
Investment Disclaimer: Analysis based on PR3 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

Church Lane, Goosnargh, 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
£549
Based on a loan of £112,500 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