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Melrose Avenue, Fulwood, Preston PR2 - Image 1
Melrose Avenue, Fulwood, Preston PR2 - Image 2
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Melrose Avenue, Fulwood, Preston PR2

North West

£150,000
Listed on 08/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
657 sqft

Description

Situated in a peaceful cul-de-sac, this two-bedroom bungalow offers a unique opportunity for those interested in renovation and investment possibilities. The property is positioned on a generous plot, presenting ample scope for modernisation or expansion to enhance its living space. As you approach the home, you'll find a detached garage that not only provides secure parking but also serves as additional storage. A driveway complements this feature, allowing for convenient parking for multiple vehicles—an asset in any residential setting. Inside, the bungalow features two comfortably sized bedrooms, making it suitable for individuals, couples, or small families. The spacious lounge boasts an inviting atmosphere, perfect for relaxation or entertaining. The kitchen presents a blank canvas waiting for updates; there’s significant potential to redesign this area into a customized cooking space that meets your personal preferences. The rear garden is another highlight—currently expansive and ripe for transformation, it can become a lush retreat ideal for outdoor dining or relaxation amidst greenery. Moreover, there are opportunities for extending the property itself, which could significantly increase its value while tailoring it to fit your specific lifestyle needs. This bungalow sits in a serene location that offers a quiet living experience while still being conveniently close to local amenities. It represents an excellent chance for buyers looking to invest in a property with

Investment Analysis

(PR2 area)

Above Market Value

This property is priced +11.6% above area average per sq ft

+11.6%
This Property
£228/sq ft
Area Average
£205/sq ft
Avg Rent (weekly)
£225
Avg Yield
5.6%

Renovation Potential

Est. Renovation Cost
£15,000 - £37,500
10-25% of property value
Target Value
£147,864
10% above area average per sq ft
Potential ROI
-21.1%
After renovation
Monthly Sales
69
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (PR2)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 4.0%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on PR2 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

Melrose Avenue, Fulwood, Preston PR2
Map showing location of Melrose Avenue, Fulwood, Preston PR2
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