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Vine Street, Preston PR1 - Image 1
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Vine Street, Preston PR1

North West

£115,000
Listed on 14/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace home presents an excellent opportunity for those looking to invest in a property with renovation potential. While the interior would benefit from updates and modernisation, the established layout and spacious rooms offer a solid canvas for creative improvements. Inside, you’ll find a generously sized living room that provides ample space for relaxation or entertaining. The kitchen area is functional, and the three-piece bathroom adds convenience to the home's overall layout. Each of the three bedrooms offers unique possibilities for reconfiguration or enhancement to suit personal preferences. The exterior features a private, enclosed yard that's perfect for outdoor use and on-street parking is readily available at the front of the property. This aspect is particularly valuable in such a central location. Positioned conveniently near the city centre, this property benefits from easy access to local amenities, including shops, restaurants, and public transport options like the train station. Additionally, its proximity to educational institutions makes it appealing for rental opportunities or resale after refurbishment. For first-time buyers eager to enter the market or investors seeking a project with strong appreciation potential, this property merits serious consideration. Its combination of space, location, and investment possibility makes it an interesting prospect in today’s market. Preston itself offers a vibrant urban lifestyle with well-connected transport links, including major motorways and rail networks, as well as green spaces like Avenham and Miller Parks that enhance community life. This blend of urban convenience and natural beauty adds further value to an already promising investment opportunity.

Investment Analysis

(PR1 area)
Area Average
£191/sq ft
Avg Rent (weekly)
£209
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (PR1)

Area prices are falling by +5.8% over the last 12 months
3 year growth: 5.0%
5 year growth: 16.7%
Investment Disclaimer: Analysis based on PR1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Vine Street, Preston PR1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£421
Based on a loan of £86,250 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE