147 Ripon Street, Preston, Lancashire PR1 7LX

This two-bedroom ground floor flat presents a notable renovation opportunity, particularly given its cheap guide price of £32,000 compared to the local average of around £171,488. While the property is in poor condition, with significant wear and damage evident throughout — including in the living area, bedrooms, and garden — the potential for improvement is substantial. The layout allows for creative redesign, and the location near local amenities adds to its appeal.

However, it's important to recognize the extensive work required, as the interiors are stripped and gutted, necessitating a renovation budget between £80,000 and £120,000. This project can enable a complete transformation of the living space, kitchen, and garden area, giving a new owner the chance to add considerable value. With the auction format, potential buyers should also be aware that bids could exceed the guide price, affecting the overall affordability and economics of the investment.