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North West
£25,000
Listed on 28/08/2026
Listed on 28/08/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This one-bedroom flat in Preston presents a unique opportunity for an ambitious renovation project. While the overall condition is poor, with dated kitchen and bathroom, and worn living areas, the potential to transform this space into a modern home is clear. The property is offered at a guide price of £25,000, which is significantly below the local average sale price, making it an intriguing option for those looking to invest in a project that can create value.
However, the extent of modernization required is substantial. The interiors are in poor condition, and a full renovation is necessary to bring the flat up to modern standards. This is not a cosmetic refresh; expect a full-gut programme with considerable work ahead. The good location near transport links and local amenities adds to the appeal, but prospective buyers must be prepared for the challenges of this extensive project.
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Map
Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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