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Preston PR1

North West

£116,000
Listed on 13/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
797 sqft

Description

This two-bedroom end-of-terrace home presents a promising opportunity for renovation and investment. The property includes a rear yard, offering additional outdoor space that could be transformed into a charming garden or outdoor entertaining area. The ground floor features a kitchen and a reception room, providing a functional layout that can be reimagined to suit modern living preferences. On the first floor, you will find two bedrooms alongside a storage room and a bathroom with WC. While the interiors would benefit from modernization, this allows for the chance to customize the space according to personal style and needs. Situated in an area with easy access to local amenities, including shops and transport links, this property is well-positioned for both residential comfort and potential rental demand. With its freehold tenure, it offers flexibility for future development or expansion, making it an appealing option for investors looking to capitalize on the growing market in the neighborhood. The energy performance certificate (EPC) rating of D reflects its current efficiency status but also underscores the potential for improvement through renovation efforts. Overall, this house stands out not just as a residence but as an investment with significant upside.

Investment Analysis

(PR1 area)

Below Market Value

This property is priced -17.1% below area average per sq ft

-17.1%
Potential saving
This Property
£146/sq ft
Area Average
£176/sq ft
Avg Rent (weekly)
£207
Avg Yield
7.3%

Renovation Potential

Est. Renovation Cost
£11,600 - £29,000
10-25% of property value
Target Value
£153,992
10% above area average per sq ft
Potential ROI
+6.2%
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

Preston PR1
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