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Basil Street, Preston

North West

£160,000

Listed on 03/07/2026

Property details

Bedrooms
3
Type
Detached Bungalow
Area
1045 sqft

Description

Nestled in a tranquil cul-de-sac, this detached bungalow in Preston offers an exciting opportunity for renovation enthusiasts or investors. Comprising three spacious bedrooms, it's well-suited for families or individuals looking to downsize without losing essential living space. The layout includes two reception areas that can be adapted for relaxation or entertaining, although these rooms may require updating to align with modern preferences. The existing single bathroom is functional yet ripe for a makeover to reflect your personal style. The property boasts a substantial garden and yard area, perfect for outdoor activities, gardening, or simply enjoying the serenity of the surroundings. Additionally, the driveway provides convenient off-street parking—which is increasingly valuable today. While the bungalow does need some refurbishment work, its generous interior dimensions present a fantastic canvas for those wishing to create a bespoke living environment. With vision and effort, it can be transformed into a stylish abode tailored to your needs. This is an excellent opportunity not to be overlooked for anyone aiming to develop their dream home in a peaceful locale.

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Investment analysis

(PR1 area)

Below Market Value

This property is priced -19.9% below area average per sq ft

-19.9%
Potential saving
This Property
£153/sq ft
Area Average
£191/sq ft
Avg Rent (weekly)
£206
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£219,727
10% above area average per sq ft
Potential ROI
+9.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (PR1)

Area prices are stable by -1.7% over the last 12 months
3 year growth: +9.9%
5 year growth: +14.1%
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

Basil Street, Preston
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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
£604
Based on a loan of £120,000 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

Next Steps

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