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Chapel Lane, Banks

North West

£180,000
Listed on 24/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
755 sqft

Description

Situated in the charming village of Banks in West Lancashire, this semi-detached property presents an excellent opportunity for those looking to invest in a renovation project. Benefiting from a generous south-east facing garden, the house is perfect for prospective buyers aiming to modernise and enhance its living spaces. The gas centrally heated residence spans two levels, comprising a porch, hallway, living room, kitchen, wet room, and WC on the ground floor, while the first floor features two bedrooms. The exterior boasts a paved driveway with off-road parking and access via timber gates to a rear courtyard that leads to a garage/workshop—ideal for those seeking additional storage or workspace. This property is conveniently located near the heart of Banks village, making it an attractive option for both homeowners and investors alike.

Investment Analysis

(PR9 area)

Above Market Value

This property is priced +16.8% above area average per sq ft

+16.8%
This Property
£238/sq ft
Area Average
£204/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£169,588
10% above area average per sq ft
Potential ROI
-21.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PR9)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 3.2%
5 year growth: 14.8%
Investment Disclaimer: Analysis based on PR9 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

Chapel Lane, Banks
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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
£659
Based on a loan of £135,000 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.

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