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Cross Bow Cottage, Old Greaves Town Lane, Lea, Preston - Image 1
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Cross Bow Cottage, Old Greaves Town Lane, Lea, Preston

North West

£220,000

Listed on 15/07/2026

Property details

Bedrooms
3
Type
Cottage

Description

This three-bedroom semi-detached home, set on a generous plot in a quiet cul-de-sac within Lea, presents an exciting opportunity for renovation and investment. The spacious layout includes two reception rooms, providing ample scope for reconfiguration to meet modern living standards. Character features such as well-preserved fireplaces and built-in storage stand ready to be enhanced or restored, adding to the property's charm. The property features a galley kitchen that opens into the main living area, acting as a central hub filled with natural light from the large front window. Off the inner hallway, a second reception room offers versatility for use as a dining area or cozy snug. A little creativity can transform these spaces into an inviting family environment. Upstairs, three well-sized bedrooms await your design ideas. The master bedroom boasts built-in storage and an attractive feature fireplace, while the second bedroom enjoys peaceful garden views. The third bedroom is ideal for various uses such as a nursery or home office. The family bathroom has basic fittings that could benefit from modernization and reconfiguration. The expansive gardens at both the rear and side provide ample outdoor space for landscaping and recreation, featuring mature trees and shrubs along with an established patio area perfect for gatherings. With off-road parking available for two vehicles at the front, this property combines potential with essential convenience in a sought-after location near schools and transport links. Whether you're looking to create your dream family home or pursue an investment opportunity, early viewing is highly recommended.

Investment analysis

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

Renovation Potential

Medium 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
80
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (PR2)

Area prices are stable by -1.2% over the last 12 months
3 year growth: +5.9%
5 year growth: +14.2%
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

Cross Bow Cottage, Old Greaves Town Lane, Lea, 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
£831
Based on a loan of £165,000 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

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