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Devonshire Road, Chorley

North West

£150,000
Listed on 27/12/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
920 sqft

Description

This spacious two-bedroom terraced house, positioned within a well-established and desirable area near the town centre, offers significant renovation potential. While the property is equipped with gas central heating and uPVC double glazing, it presents an opportunity for modernization and cosmetic upgrades that could greatly enhance both its functionality and market value. The accommodation includes a vestibule leading to a hall with original features such as ceiling coving. The lounge boasts a charming bay window and a tiled fireplace, while the dining room provides ample space for entertaining. The kitchen is fitted with essential units but could benefit from contemporary updates. Upstairs, two generously sized double bedrooms offer further scope for improvement, along with a bathroom that requires refurbishment. The exterior features a small front garden and a rear yard with an outbuilding that could serve as useful storage or workspace. With no upward chain, this property is an inviting prospect for investors looking to create value through strategic renovations.

Investment Analysis

(PR7 area)

Below Market Value

This property is priced -27.2% below area average per sq ft

-27.2%
Potential saving
This Property
£163/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£197
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£226,587
10% above area average per sq ft
Potential ROI
+29.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Devonshire Road, 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
£549
Based on a loan of £112,500 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