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Preston Road, Preston

South West

£550,000

Listed on 17/04/2026

Property Details

Bedrooms
6
Type
Detached
Area
2088 sqft

Description

This spacious detached residence is situated on an expansive plot in a sought-after area, offering a wealth of potential for buyers looking to make significant enhancements. The property currently requires modernisation, making it an ideal canvas for those interested in creating a remarkable family home tailored to their tastes. Highlights include a large driveway with ample parking space, a garage that could be converted back into functional use, and a generous garden area perfect for landscaping opportunities. Inside, the home boasts six double bedrooms—two of which feature en-suites—along with versatile living spaces including a sitting room with fireplace, a kitchen with adjoining utility room, and an inviting conservatory overlooking the backyard. The second floor loft conversion adds even more flexible space that could serve as an office or guest quarters. This property presents an exciting investment opportunity given its size and location, allowing new owners to customise it to their specifications while enhancing its value over time.

Investment Analysis

(DT3 area)

Below Market Value

This property is priced -24.0% below area average per sq ft

-24.0%
Potential saving
This Property
£263/sq ft
Area Average
£347/sq ft
Avg Rent (weekly)
£263
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£795,956
10% above area average per sq ft
Potential ROI
+22.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (DT3)

Area prices are falling by -5.9% over the last 12 months
3 year growth: -6.1%
5 year growth: +10.8%
Investment Disclaimer: Analysis based on DT3 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

Preston Road, Preston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,078
Based on a loan of £412,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-8.3% since listed
£550,000£50,000(-8.3%)
30/05/2026
Current price
£600,000Initial listing
18/04/2026

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