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Britannia Drive Preston PR2 2YD

North West

£109,000
Listed on 27/02/2026

Property Details

Bedrooms
2
Type
Flat
Area
639 sqft

Description

Situated in the sought-after Ashton-On-Ribble area, this ground floor flat on Britannia Drive presents a remarkable opportunity for renovation enthusiasts. With a spacious layout of 639 square feet, the flat features a reception room that invites natural light, two well-sized bedrooms, and a three-piece bathroom. Although it requires modernization throughout, this property is essentially a blank canvas ready for your creative touch. The need for updates spans across the kitchen, bathroom, as well as the general décor and flooring, offering significant potential for those looking to invest in a project. This flat is suitable for both investors aiming to enhance their portfolio and individuals interested in creating their ideal home in a friendly neighborhood. The advantageous location offers convenient access to local facilities, parks, and transport links, making it an excellent choice for work and leisure alike.

Investment Analysis

(PR2 area)

Below Market Value

This property is priced -18.3% below area average per sq ft

-18.3%
Potential saving
This Property
£171/sq ft
Area Average
£209/sq ft
Avg Rent (weekly)
£212
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£146,801
10% above area average per sq ft
Potential ROI
+9.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
80
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (PR2)

Area prices are falling by -2.9% over the last 12 months
3 year growth: +5.1%
5 year growth: +18.1%
Investment Disclaimer: Analysis based on PR2 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

Britannia Drive Preston PR2 2YD
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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
£393
Based on a loan of £81,750 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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