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First Floor, 10 Ripon Street, Plungington, Preston, Lancashire, PR1 7UL - Image 1
First Floor, 10 Ripon Street, Plungington, Preston, Lancashire, PR1 7UL - Image 2
First Floor, 10 Ripon Street, Plungington, Preston, Lancashire, PR1 7UL - Image 3

First Floor, 10 Ripon Street, Plungington, Preston, Lancashire, PR1 7UL

North West

£25,000

Listed on 28/08/2026

The listing

Property details

Bedrooms
1
Type
Flat

Description

This one-bedroom first-floor flat presents a promising opportunity for renovation and investment. Located on Ripon Street in Preston, it benefits from a new lease upon completion, making it an attractive choice for those looking to modernize a property in a well-connected area. The flat is currently vacant and requires significant updating, providing the chance to tailor the space to your own specifications. Nearby amenities and transport links enhance its appeal, with local shops on Plungington Road and the city center just over a mile away. This property is ideal for investors or first-time buyers seeking a project in a vibrant location.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

47out of 100
Grade ELow opportunity

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.

Key opportunities

  • The flat's location near local amenities and transport links can enhance its appeal post-renovation.
  • Transforming the dated interiors into a modern living space presents significant value-adding potential.
  • The property benefits from a new lease on completion, which provides added security for future owners.

Key risks

  • Stripped interiors and a substantial renovation budget will require a full-gut programme, not just a cosmetic refresh.

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Map

Location

First Floor, 10 Ripon Street, Plungington, Preston, Lancashire, PR1 7UL
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£94
Based on a loan of £18,750 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.

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