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Elgin Street, Preston, PR1

North West

£90,000
Listed on 04/12/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom property presents a compelling opportunity for those interested in renovation or investment. With no chain involved, it stands as a blank slate ready for transformation, making it particularly appealing to investors and homeowners eager to infuse their personal touch. Upon entry, a small vestibule leads into the spacious lounge, characterized by two wall alcoves and a traditional brick fireplace that hints at the property's original charm. This room has the potential to be revitalized into a cozy gathering space with modern amenities while retaining its historical elements. The rear of the property features a kitchen diner that opens directly to the outdoor yard. This area is generous in size and offers possibilities for reconfiguration into an open-plan living space, conducive to contemporary living styles. The yard itself provides outdoor potential—be it for storage solutions or creating a low-maintenance garden retreat. On the upper level, you will find two double bedrooms, which ensure ample accommodation for family or guests. The layout maintains traditional elements with the bathroom accessible from the second bedroom, allowing for future redesign opportunities that could enhance both functionality and appeal. Located in a neighborhood known for its accessibility and community vibe, this property is ideally positioned for those looking to capitalize on rising market trends. With strong investment potential and ample scope for renovation, it is highly recommended to view this property early to fully appreciate what it could become.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
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

Elgin Street, Preston, PR1
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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
£330
Based on a loan of £67,500 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