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Black Bull Lane, Preston, PR2

North West

£300,000
Listed on 10/02/2026

Property Details

Bedrooms
3
Type
Detached
Area
1771 sqft

Description

This property is designed with ample space throughout, presenting an excellent opportunity for buyers to tailor it to their preferences over time. Originally configured as four bedrooms, the home has evolved into three generously sized rooms, offering versatility for various uses. The principal bedroom stands out due to its size, allowing for options such as creating a large master suite, adding storage solutions, or even restoring the fourth bedroom if desired. On the ground floor, the living room boasts abundant space suitable for different activities, making it ideal for both family gatherings and entertaining. A separate dining room provides practicality and maintains a traditional layout that many families appreciate. The kitchen is functional but holds considerable potential for renovation; expanding or reconfiguring this area could significantly enhance modern living appeal and add value. For those looking to undertake a project, the kitchen presents a perfect opportunity to rethink its design. Upstairs, the additional bedrooms are well-proportioned and flexible in use – perfect for children, visitors, or even as an office space. One of these bedrooms features access to a balcony, offering an inviting outdoor escape. Additionally, the loft room enhances the property's versatility depending on individual needs. The external areas include a manageable garden that is great for families or anyone seeking low-maintenance outdoor space. Complemented by a detached garage and driveway, there is ample parking and storage available. The location supports everyday conveniences with schools, shops, and transport links nearby—ideal for families considering long-term living. In summary, this property offers solid structural potential along with flexible spaces that can be updated to suit your vision. Although it requires some modernization, the foundation provides significant opportunities for improvement.

Investment Analysis

(PR2 area)

Below Market Value

This property is priced -19.3% below area average per sq ft

-19.3%
Potential saving
This Property
£169/sq ft
Area Average
£210/sq ft
Avg Rent (weekly)
£216
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£408,906
10% above area average per sq ft
Potential ROI
+18.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
80
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (PR2)

Area prices are falling by -5.0% over the last 12 months
3 year growth: +4.5%
5 year growth: +14.4%
Investment Disclaimer: Analysis based on PR2 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

Black Bull Lane, Preston, PR2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,063
Based on a loan of £225,000 over 30 years at 3.91% 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.

Price History

-7.7% since listed
£300,000£25,000(-7.7%)
07/04/2026
Current price
£325,000Initial listing
10/02/2026

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