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Chapel Lane, Hoghton, Preston

North West

£239,950
Listed on 05/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
1347 sqft

Description

This appealing two-bedroom terraced cottage, nestled in the coveted village of Hoghton, Lancashire, presents a promising opportunity for those looking to invest in a property with substantial renovation potential. With a wealth of traditional features, this home offers a blank canvas for individuals or couples eager to infuse their own style and preferences. The property is situated directly across from the historic Hoghton Tower, providing captivating views from both the front and rear that enhance its charm. The surrounding village atmosphere is enriching, with scenic walks accessible from your doorstep and convenient transport links available for commuters through local bus services and nearby train stations to key destinations like Manchester. Additionally, major motorways are conveniently located for easy access to neighboring towns such as Preston and Blackburn. Upon entering, you will find a spacious lounge that draws in natural light and showcases picturesque views over open fields. The inviting feature fireplace enhances the room’s character while offering a cozy focal point. The expansive kitchen/diner is well-appointed with a range of units and ample space for dining, also boasting lovely views over the back garden and farmers’ fields beyond. The basement level adds significant versatility with two well-sized side rooms suitable for various uses including an office or workshop. Furthermore, there’s an additional space previously utilized as a bathroom that could be reimagined based on your requirements. Upstairs, the first floor accommodates two well-proportioned double bedrooms that benefit from delightful open vistas. One bedroom includes an en-suite which lends practicality for daily living. Outside, enjoy on-street parking while being surrounded by serene countryside views. The private rear garden features stone paving for low-maintenance enjoyment alongside plant beds that add beauty and charm—ideal for outdoor gatherings or quiet relaxation time. This cottage embodies not just a home but a chance to embrace rural living while also serving as an investment opportunity rich with development potential.

Investment Analysis

(PR5 area)

Below Market Value

This property is priced -19.4% below area average per sq ft

-19.4%
Potential saving
This Property
£178/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£202
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£327,308
10% above area average per sq ft
Potential ROI
+19.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
86%
Properties sold annually

Local Market Trend (PR5)

Area prices are rising by +6.1% over the last 12 months
3 year growth: +6.0%
5 year growth: +22.1%
Investment Disclaimer: Analysis based on PR5 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, Hoghton, Preston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£865
Based on a loan of £179,962 over 30 years at 4.06% 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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