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South West
£290,000
Listed on 19/09/2026
Listed on 19/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This three-bedroom detached bungalow in Upper Preston offers generous living space and a desirable location, though it presents a considerable renovation project. The overall condition is dated, with signs of wear throughout, from the living room to the bedrooms, and even the kitchen and bathroom show their age. The garden is overgrown and requires maintenance, but there's a clear opportunity to enhance the outdoor space alongside the interior improvements.
However, the asking guide price of £290,000 translates to £315/sqf, which is about 13.5% above the local average of £277/sqf. When factoring in the estimated renovation costs of £40,000 to £80,000, the all-in cost could reach around £350,000, stretching the potential return against local benchmarks for this area. While the property has great potential to create a wonderful home, the price and renovation economics pose a significant concern for buyers looking to add value effectively.
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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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