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Mersey Street, Longridge, PR3

North West

£109,950
Listed on 24/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
780 sqft

Description

This two-bedroom mid-terraced house presents a solid opportunity for those seeking to invest in a property with considerable renovation possibilities. Inside, the living room offers a comfortable setting that's perfect for unwinding or socializing. The kitchen/diner boasts ample space, creating an ideal environment for both quick meals and family gatherings. Upstairs, you’ll find two generously sized bedrooms, versatile enough to serve as guest rooms, home offices, or additional storage, allowing flexibility to meet your needs. The bathroom is functional and maintains all necessary amenities for daily routines. The layout throughout optimizes the available space, fostering a warm and inviting atmosphere. While the property is ready for immediate occupancy, there exists substantial scope to enhance its value through personal touches or renovations. Located in a super convenient area close to local shops, schools, and transport links, this property is appealing not just for homeowners but also for investors aiming to secure reliable rental returns in a high-demand market. If you're looking for a home that balances comfort with renovation potential, this house merits your attention.

Investment Analysis

(PR3 area)

Below Market Value

This property is priced -45.4% below area average per sq ft

-45.4%
Potential saving
This Property
£141/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£259
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£221,450
10% above area average per sq ft
Potential ROI
+64.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (PR3)

Area prices are falling by -4.2% over the last 12 months
3 year growth: -5.3%
5 year growth: +8.0%
Investment Disclaimer: Analysis based on PR3 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

Mersey Street, Longridge, PR3
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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
£397
Based on a loan of £82,462 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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