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Malvern Avenue, Preston, Lancashire, PR1 - Image 1
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Malvern Avenue, Preston, Lancashire, PR1 - Image 3
Malvern Avenue, Preston, Lancashire, PR1 - Image 4
Malvern Avenue, Preston, Lancashire, PR1 - Image 5
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Malvern Avenue, Preston, Lancashire, PR1

North West

£220,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This well-maintained property presents an excellent opportunity for those looking to invest and enhance their living space. With a notable garden room that boasts separate external access, it offers versatile potential as a workshop, gym, or creative studio. The ground floor features a welcoming entrance hall leading to a spacious lounge enriched by a bay window, and an airy kitchen/dining room equipped with French doors that open onto the patio—ideal for hosting gatherings. Upstairs, you'll find three well-sized bedrooms, including two doubles and one single, alongside a modern family bathroom recently fitted with stylish amenities. Externally, the property is set back from the road with driveway parking available at the front. The tiered garden has been designed for low maintenance while also offering ample scope for landscaping improvements to suit personal tastes. Notably, the sizable detached outbuilding can be converted into additional living or utility space, contingent on permissions. This home combines comfortable living with considerable potential for value enhancement through renovation and personal touches.

Investment Analysis

(PR1 area)
Area Average
£191/sq ft
Avg Rent (weekly)
£209
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (PR1)

Area prices are falling by +5.8% over the last 12 months
3 year growth: 5.0%
5 year growth: 16.7%
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.

Location

Malvern Avenue, Preston, Lancashire, PR1
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£806
Based on a loan of £165,000 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