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Wellfield Road, Preston, PR1 - Image 1

Wellfield Road, Preston, PR1

North West

£135,000

Listed on 10/02/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terraced house presents an exceptional opportunity for investors or DIY enthusiasts looking to add value through renovation. Situated close to the city centre of Preston, as well as being near local universities and public transport links, this property boasts significant rental appeal once updated. Internally, the layout includes two reception rooms, one of which could be repurposed into an additional bedroom to cater to multiple tenants or young families. At the back, a spacious kitchen leads directly to a yard, offering practical outdoor space. On the first floor, there are three generously sized bedrooms alongside a bathroom equipped with necessary facilities. This freehold property is ripe for transformation and would attract both first-time buyers and landlords aiming to enhance their portfolios. With some thoughtful renovations, this home could shine once again in a desirable location.

Investment Analysis

(PR1 area)
Area Average
£187/sq ft
Avg Rent (weekly)
£206
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (PR1)

Area prices are falling by -2.2% over the last 12 months
3 year growth: +10.1%
5 year growth: +13.2%
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

Wellfield Road, Preston, PR1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£510
Based on a loan of £101,250 over 30 years at 4.45% 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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