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Mill Lane, Charnock Richard, Lancashire, PR7

North West

£450,000
Listed on 09/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1780 sqft

Description

This spacious detached bungalow, constructed circa 1970, is set on a generous plot with picturesque countryside views at both the front and rear. Offering approximately 1,373 sq ft of well-arranged accommodation, this property presents a unique opportunity for investors or buyers looking to create their dream home through renovation. The large double garage adds valuable storage space while also providing potential for conversion into additional living areas, subject to necessary permissions. Located at the edge of Charnock Richard, a sought-after village known for its blend of rural charm and accessible commuting options, this home is ideally situated for those seeking both tranquility and convenience. Major transport links are easily accessible, connecting you to Chorley, Preston, and beyond. Inside, the bungalow features a central hallway that provides a seamless connection between rooms. A welcoming porch leads into a bright main reception area. With two sizable reception rooms available, the layout offers versatility for various living arrangements—perfect for families or multi-generational households. The dining kitchen is spacious and functional but may benefit from modern upgrades. A utility room enhances practicality and an adjoining study or pantry adds further utility. Three generously proportioned double bedrooms are complemented by a family bathroom and separate WC, making it ideal for single-level living without compromise. Notably, the expansive loft space offers significant potential for future expansion or conversion into additional living quarters upon securing relevant consents. The external grounds wrap around the home and feature captivating countryside vistas as well as ample off-road parking via a driveway leading to the detached double garage measuring about 407 sq ft. This property is an exceptional find that combines space with adaptability; thus internal viewing is highly recommended to fully appreciate its scope for personalization or investment.

Investment Analysis

(PR7 area)

Above Market Value

This property is priced +10.9% above area average per sq ft

+10.9%
This Property
£253/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£197
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£446,228
10% above area average per sq ft
Potential ROI
-10.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
70
Average per month
Market Turnover
48%
Properties sold annually

Local Market Trend (PR7)

Area prices are rising by +7.1% over the last 12 months
3 year growth: 10.5%
5 year growth: 19.1%
Investment Disclaimer: Analysis based on PR7 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

Mill Lane, Charnock Richard, Lancashire, PR7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE