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Market Street, Chorley

North West

£169,995
Listed on 12/12/2025

Property Details

Bedrooms
1
Type
Terraced house

Description

This property presents an intriguing investment opportunity in the heart of Chorley Town Centre, featuring a mixed-use layout that combines a ground-floor commercial space with two self-contained flats above. While it requires comprehensive renovation, the potential for value enhancement and rental income is significant. Conveniently situated on a busy main street, you'll find yourself close to local shops, amenities, and excellent transport links including Chorley train station and the M6/M61 motorways. The ground floor previously operated as a successful Off Licence and boasts a spacious retail area complemented by large front-facing windows and automatic shutters. A utility area at the rear adds functionality, while the basement provides additional storage for utilities. Accessed via an external staircase, the first-floor flat features a well-proportioned lounge, fitted kitchen, double bedroom, and bathroom. The second-floor apartment mirrors this layout with its own spacious lounge and kitchen/diner. This versatile property offers great scope for redevelopment and should be viewed early to appreciate its full potential.

Investment Analysis

(PR7 area)
Area Average
£224/sq ft
Avg Rent (weekly)
£197
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
66
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (PR7)

Area prices are rising by +11.9% over the last 12 months
3 year growth: 12.9%
5 year growth: 23.1%
Investment Disclaimer: Analysis based on PR7 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

Market Street, 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
£623
Based on a loan of £127,496 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