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59 Southern Parade, Preston, PR1 4NJ - Image 1

59 Southern Parade, Preston, PR1 4NJ

North West

£85,000
Listed on 23/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terraced house offers significant renovation potential, making it an appealing investment opportunity. While the property requires modernisation, it features a rear garden and the possibility for extension, pending necessary permissions. Conveniently located near the vibrant amenities of Preston, including shops, restaurants, and recreational parks, this home is currently rental-occupied, generating an annual income of £9,000. With its strategic position and development possibilities, this property presents a solid foundation for both residential enhancement and investment growth.

Investment Analysis

(PR1 area)
Area Average
£183/sq ft
Avg Rent (weekly)
£195
Avg Yield
6.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (PR1)

Area prices are falling by -5.1% over the last 12 months
3 year growth: +6.1%
5 year growth: +8.8%
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

59 Southern Parade, Preston, PR1 4NJ
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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
£301
Based on a loan of £63,750 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.

Stamp Duty Calculator

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