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Wyke Oliver Road, Preston DT3 - Image 1
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Wyke Oliver Road, Preston DT3

South West

£425,000
Listed on 27/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1346 sqft

Description

Nestled within a spacious plot in the desirable Preston area, this charming two-bedroom detached bungalow presents a compelling renovation opportunity. With its tranquil setting and generous driveway, this property promises both privacy and convenience, making it an ideal candidate for investors or homeowners looking to add value. The interior features well-sized rooms including an inviting dining hall with original parquet flooring, a bright dual-aspect living room with sunroom access, and a kitchen overlooking the expansive garden. Both bedrooms offer ample space and built-in storage, while the family bathroom is sizable and functional. A substantial outdoor area complements the property, featuring a rear terrace perfect for entertaining, lush lawns ripe for landscaping, and potential for further development (subject to planning permissions). The tandem garage adds valuable utility with power and light. Located conveniently close to local amenities and scenic coastal walks, this bungalow holds significant potential for reconfiguration or extension to maximize its footprint.

Investment Analysis

(DT3 area)

Below Market Value

This property is priced -9.5% below area average per sq ft

-9.5%
Potential saving
This Property
£316/sq ft
Area Average
£349/sq ft
Avg Rent (weekly)
£266
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£516,803
10% above area average per sq ft
Potential ROI
+11.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
53%
Properties sold annually

Local Market Trend (DT3)

Area prices are falling by -5.5% over the last 12 months
3 year growth: -7.5%
5 year growth: +12.5%
Investment Disclaimer: Analysis based on DT3 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

Wyke Oliver Road, Preston DT3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,533
Based on a loan of £318,750 over 30 years at 4.06% 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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