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Chatsworth Street, Preston, Lancashire PR1

North West

£80,000
Listed on 30/09/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
634 sqft

Description

This two-bedroom end terraced home presents a compelling opportunity for renovation and investment. Located in Ribbleton, the property benefits from convenient access to local amenities, schools, and transport links, making it an attractive option for both homeowners and potential renters. The interior of the home is ready for modernization, allowing you to tailor the space to your vision. The layout begins with a vestibule leading into a lounge featuring a front-facing double-glazed window that fills the room with natural light. An electric fire adds a cozy touch, while laminate flooring provides a practical foundation. The kitchen is functional with its range of wall and base units, stainless steel sink and drainer, and gas hob with oven. A door opens to the rear yard, enhancing connectivity between indoor and outdoor spaces. The first floor comprises two bedrooms; both are brightened by double-glazed windows and offer ample space for furnishings. The bathroom is equipped with essential fixtures including a bath, low flush WC, and wash basin set against tiled walls. Outside, the enclosed rear yard presents an additional area which could be transformed into an inviting outdoor retreat or utilized for storage. With the potential for modernisation throughout and no chain delay, this property invites creativity and vision for those looking to invest in a project that could yield significant returns. Additionally, being situated in a well-connected area further enhances its appeal as a long-term rental or primary residence. The property also carries a Council Tax Band A designation and is classified as Freehold, adding to its investment viability. Viewing is recommended to fully appreciate what this property has to offer.

Investment Analysis

(PR1 area)

Below Market Value

This property is priced -28.2% below area average per sq ft

-28.2%
Potential saving
This Property
£126/sq ft
Area Average
£176/sq ft
Avg Rent (weekly)
£207
Avg Yield
7.3%

Renovation Potential

Est. Renovation Cost
£8,000 - £20,000
10-25% of property value
Target Value
£122,498
10% above area average per sq ft
Potential ROI
+22.5%
After renovation
Monthly Sales
54
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (PR1)

Area prices are falling by +3.5% over the last 12 months
3 year growth: 5.8%
5 year growth: 17.1%
Investment Disclaimer: Analysis based on PR1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Chatsworth Street, Preston, Lancashire PR1
Map showing location of Chatsworth Street, Preston, Lancashire PR1
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