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150 New Rough Hey, Preston, PR2 7BD

North West

£60,000

Listed on 29/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This freehold terraced house offers a promising opportunity for renovation and investment. Featuring three bedrooms, the property is currently vacant and requires comprehensive modernization, making it an appealing prospect for developers, investors, or those looking to create their dream home. The ground floor comprises a welcoming entrance hallway leading to a spacious open-plan lounge and dining area, a fitted kitchen, various storage spaces, and a convenient downstairs WC. On the first floor, you'll find three bedrooms along with a family bathroom and an additional versatile studio room that can serve multiple purposes—ideal for remote work or hobbies. While the property does demand refurbishment throughout, it boasts substantial potential for both cosmetic upgrades and possible reconfiguration (subject to necessary approvals). The outdoor space at the front and rear presents an opportunity for landscaping enhancements. Conveniently located in Hey Preston, this residence is within close proximity to local amenities including schools, supermarkets, and transport links to Preston city centre as well as major motorways like the M6 and M55. This property not only offers ample living space but also stands as a significant investment opportunity with strong resale value potential.

Investment Analysis

(PR2 area)
Area Average
£211/sq ft
Avg Rent (weekly)
£210
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
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

150 New Rough Hey, Preston, PR2 7BD
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£214
Based on a loan of £45,000 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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