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Miller Road, Preston, PR1 - Image 1
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Miller Road, Preston, PR1

North West

£90,000

Listed on 14/10/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
775 sqft

Description

This three-bedroom mid-terraced house offers a promising opportunity for buy-to-let investors, currently tenanted since July 2024. The property generates a monthly rental income of £575, with a Section 13 notice issued to increase the rent to £700 per calendar month starting in December 2026. Arranged over two floors, the house features two reception rooms that provide flexible living and dining spaces. The kitchen and bathroom, along with the general interiors, require refurbishment and modernisation, presenting a chance for the new owner to enhance the property's value through improvement. Located in a central town area, the property benefits from excellent access to public transport links and a variety of amenities, making it attractive to both tenants and future buyers. The house is competitively priced, reflecting its potential for enhancement. Externally, it boasts both front and rear gardens, with the rear garden being enclosed for privacy. This space could be landscaped or redesigned to meet various needs. On-street parking is available, ensuring convenience for residents and visitors alike. With its combination of town centre convenience, outdoor amenity, and scope for modernisation, this house is an ideal addition to any investment portfolio.

WHOTS analysis

Our WHOTS verdict

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

64out of 100
Grade CPotential opportunity

Confidence: MEDIUM

This three-bedroom mid-terraced house is a solid opportunity for buy-to-let investors, especially given its competitive asking price of £90,000, which is significantly below the local average at £116/sqf compared to £191/sqf. This pricing presents a fantastic entry point for those looking to acquire a property with potential for appreciation through refurbishment. The current tenants provide immediate rental income, and with the upcoming rent increase to £700 pcm, the property promises good rental returns.

The interiors are dated, with the kitchen and bathroom needing modernization, but this is where the real potential lies. Buyers can add substantial value through renovations, enhancing both the living spaces and the overall appeal of the property. The external gardens offer a blank canvas for landscaping, further increasing the investment potential. With its central location and good access to amenities, this property is well-positioned for future growth, making it an attractive addition to any investment portfolio.

Key opportunities

  • Significantly below local average price per square foot, providing a strong entry point for investment.
  • Dated interiors offer a chance to modernize and add value, particularly in the kitchen and bathroom.
  • Outdoor spaces provide potential for landscaping and enhancing kerb appeal.

Key risks

  • Moderate refurbishment requirements, particularly in the kitchen and bathroom.
  • Potential damp or wear in several rooms may need addressing during renovations.

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Map

Location

Miller Road, Preston, PR1
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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
£340
Based on a loan of £67,500 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.

Tax

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Indicative tax based on the asking price and the options you select.

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