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Farringdon Crescent, Preston, Lancashire, PR1 - Image 1
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Farringdon Crescent, Preston, Lancashire, PR1 - Image 11

Farringdon Crescent, Preston, Lancashire, PR1

North West

£90,000
Listed on 20/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
699 sqft

Description

This semi-detached two-bedroom house presents an exciting opportunity for those looking to invest in a renovation project. It is ideally suited for first-time buyers and investors eager to make their mark on a property within a desirable residential area of the North West. The home is sold with no onward chain, allowing for a swift transition. The accommodation features a driveway suitable for two vehicles and boasts a spacious rear garden, perfect for outdoor activities or future landscaping projects. While the interior requires modernisation, it offers significant potential to enhance its value and transform it into an ideal family residence. Comprising an entrance hall, lounge/dining room, kitchen, bathroom, and two double bedrooms, the home also features double glazing and gas central heating (condition unverified). Notable amenities and good schools are conveniently situated nearby, along with easy access to the M6 motorway (Junction 31) further adding to its appeal. This property represents a solid investment opportunity with ample scope for improvement and personalisation.

Investment Analysis

(PR1 area)

Below Market Value

This property is priced -32.0% below area average per sq ft

-32.0%
Potential saving
This Property
£129/sq ft
Area Average
£189/sq ft
Avg Rent (weekly)
£207
Avg Yield
6.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£145,553
10% above area average per sq ft
Potential ROI
+26.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
58
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (PR1)

Area prices are falling by +6.2% over the last 12 months
3 year growth: 4.8%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on PR1 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.

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Location

Farringdon Crescent, Preston, Lancashire, PR1
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