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Troutbeck Avenue, Forton

North West

£194,500
Listed on 16/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
779 sqft

Description

This two-bedroom semi-detached house, located centrally in Forton, presents a unique opportunity for those looking to invest in a property with significant renovation potential. With its proximity to the local primary school and easy access to the A6, it offers excellent transport links not only to Preston and Lancaster but also towards the scenic Lake District and Scotland via the nearby M6 motorway. The property sits on an elevated plot and benefits from a driveway that leads to a detached garage, enhancing its appeal. Upon entering, you are greeted by a kitchen equipped with basic wall and base units, alongside necessary plumbing for standard appliances such as a cooker, washing machine, and fridge freezer. The layout flows into a dining hallway that can accommodate a good-sized dining table. There are two versatile reception rooms on the ground floor; one currently serves as a lounge while the other has been used as an additional bedroom. This flexible layout allows for various configurations depending on your needs—whether it’s hosting guests or creating a home office. On the first floor, you’ll find a spacious bedroom alongside a family bathroom. Given that this property is offered with no onward chain, it is perfect for buyers seeking a project that primarily requires cosmetic updates rather than extensive structural work. Currently heated by electric storage heaters, with some modernization and reconfiguration, this home has great investment potential in one of Forton's most desirable areas.

Investment Analysis

(PR3 area)

Below Market Value

This property is priced -2.7% below area average per sq ft

-2.7%
Potential saving
This Property
£250/sq ft
Area Average
£257/sq ft
Avg Rent (weekly)
£250
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£12,000 - £18,000
Target Value
£219,838
10% above area average per sq ft
Potential ROI
+3.5%
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

Troutbeck Avenue, Forton
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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
£713
Based on a loan of £145,875 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