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New Hall Lane, Preston, PR1 4SX - Image 1
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New Hall Lane, Preston, PR1 4SX

North West

£160,000
Listed on 27/03/2026

Property Details

Bedrooms
4
Type
End Of Terrace
Area
1302 sqft

Description

This end-terrace property presents a wonderful investment opportunity, situated on a generous plot with dedicated parking, a detached garage, and a sizable rear garden. Currently requiring comprehensive modernisation, it serves as an ideal foundation for those looking to customise their future family home according to personal tastes and preferences. Located in a well-established neighbourhood, the residence boasts pleasant views over Waverley Park at the front and is conveniently close to various local amenities, making it perfect for everyday living. Commuters will appreciate the excellent transport links to Preston City Centre, with easy access to the M6 motorway just a short drive away. The property is set back from the road behind a spacious front garden that enhances its sense of privacy. Upon entering, one is greeted by a vestibule leading into an expansive hallway equipped with built-in storage and stairs to the first floor. On the ground floor, the layout offers significant potential for renovation. To one side lies a bright lounge featuring large windows that bathe the space in natural light, seamlessly connecting to an additional spacious sitting room overlooking the rear garden and accessing the kitchen. The kitchen area itself provides ample room and light, presenting an excellent opportunity for conversion into a modern open-plan dining space suited for contemporary family gatherings. Additionally, there is a three-piece shower room adjacent to the kitchen and access to a practical side porch that opens onto the garden. The first floor features a generous landing leading to four well-sized bedrooms—two doubles with delightful views both front and back, along with another spacious double facing the garden and an additional single bedroom at the front. Completing this level is another three-piece family shower room. Outside, this property truly showcases its potential with substantial outdoor space including private parking that leads directly to the detached garage. Gated access reveals the extensive rear garden which features an initial patio area progressing into lush mature gardens oriented towards the south—ideal for those wanting to create an inviting outdoor environment or landscaped family retreat. While this home requires substantial work to reach its full potential, it stands as an exceptional opportunity in a sought-after location. Offered chain-free and sensibly priced considering necessary renovations, this property beckons buyers eager to make their mark.

Investment Analysis

(PR1 area)

Below Market Value

This property is priced -33.9% below area average per sq ft

-33.9%
Potential saving
This Property
£123/sq ft
Area Average
£186/sq ft
Avg Rent (weekly)
£198
Avg Yield
6.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£266,246
10% above area average per sq ft
Potential ROI
+10.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (PR1)

Area prices are falling by -3.8% over the last 12 months
3 year growth: +6.8%
5 year growth: +14.7%
Investment Disclaimer: Analysis based on PR1 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

New Hall Lane, Preston, PR1 4SX
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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
£577
Based on a loan of £120,000 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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