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Melrose Avenue, Fulwood, Preston - Image 1
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Melrose Avenue, Fulwood, Preston

North West

£175,000
Listed on 07/05/2026

Property Details

Bedrooms
3
Type
Semi Detached Bungalow
Area
846 sqft

Description

This three-bedroom semi-detached bungalow is set in a peaceful cul-de-sac in the desirable area of Fulwood, Preston. While it requires modernization throughout, the property offers significant potential for those looking to tailor their living space to their personal preferences. Ideal for families, couples, or savvy investors, this home can be transformed into a stylish residence that meets contemporary needs. The advantageous location provides easy access to Preston City Centre’s diverse offerings of shops, dining options, and recreational facilities. With well-connected transport links including Preston railway station and proximity to the M6 and M61 motorways, commuting is highly convenient. Upon entering through the side entrance, you are greeted by a central hallway leading to the main living areas. At the front, a spacious lounge takes advantage of abundant natural light, creating an inviting atmosphere. Toward the rear sits a fitted kitchen with substantial storage and workspace—ready for an update to enhance its functionality. The master bedroom at the back is a generous double room overlooking the garden. Additional accommodation includes another double bedroom and a single room perfect for use as a home office or nursery. Completing this level are a family bathroom and a conservatory that adds valuable living space with garden views. Externally, the property features an enclosed front garden bordered by brick walls and a gated driveway accommodating up to three vehicles which leads to a detached garage. The expansive tiered rear garden presents exciting landscaping possibilities across its multiple levels. Overall, this property not only provides ample interior space but also significant outdoor potential in an excellent location—a compelling opportunity for buyers eager to invest in their future.

Investment Analysis

(PR2 area)

Below Market Value

This property is priced -2.1% below area average per sq ft

-2.1%
Potential saving
This Property
£207/sq ft
Area Average
£211/sq ft
Avg Rent (weekly)
£210
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£196,589
10% above area average per sq ft
Potential ROI
-10.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
88
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (PR2)

Area prices are falling by -5.2% over the last 12 months
3 year growth: +4.3%
5 year growth: +13.1%
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

Melrose Avenue, Fulwood, Preston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£624
Based on a loan of £131,250 over 30 years at 3.97% 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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