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Garstang Road, Preston, PR1

North West

£230,000
Listed on 24/04/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1365 sqft

Description

This extended two-bedroom detached bungalow presents a unique opportunity for renovation and investment, especially with its spacious plot that offers potential for further expansion, subject to planning permissions. The property includes a private driveway for off-road parking and mature gardens that provide a tranquil outdoor space. Additionally, the double garage could be transformed into additional living space or a workshop, enhancing the property's value. Situated in a quiet area, the home is conveniently close to local shops, schools, and transport links, making it an appealing choice for both families and investors seeking to maximize their investment through refurbishments.

Investment Analysis

(PR1 area)

Below Market Value

This property is priced -8.1% below area average per sq ft

-8.1%
Potential saving
This Property
£168/sq ft
Area Average
£183/sq ft
Avg Rent (weekly)
£195
Avg Yield
6.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£275,150
10% above area average per sq ft
Potential ROI
+1.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Garstang Road, Preston, PR1
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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
£815
Based on a loan of £172,500 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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