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St Michael's Road, Preston

North West

£100,000
Listed on 23/12/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace property offers a promising opportunity for renovation and investment, set within a desirable North West location. The layout spans two floors, featuring a living room and a spacious kitchen-dining area on the ground floor, alongside a bathroom. Upstairs, you'll find three bedrooms that provide ample space for reconfiguration or enhancement. Externally, the home includes an enclosed rear yard and on-street parking, ideal for outdoor enjoyment or entertaining. While the property requires refurbishment, it serves as an excellent blank canvas for potential buyers keen on making personal improvements to increase value. Given its practical design and great location, this home is particularly suitable for first-time investors or those looking to secure a worthwhile investment in the property market. Please note that financing options may be limited due to its condition; cash purchases are recommended.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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

St Michael's Road, Preston
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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
£366
Based on a loan of £75,000 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE