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Alexandra Street, Preston, Lancashire PR1 - Image 1
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Alexandra Street, Preston, Lancashire PR1

North West

£95,000
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace property presents a promising opportunity for renovation and investment. Nestled in a well-regarded area popular with first-time buyers and renters, it is positioned to benefit from a vibrant local community and access to essential amenities. The home features a porch that leads into the lounge, offering a welcoming space that can be revitalized with modern updates. The kitchen has ample potential with existing base and wall units, along with an integrated oven and hob, making it a suitable canvas for those looking to enhance its functionality and aesthetics. Upstairs, the property comprises three bedrooms: one large double and two spacious singles. Each room benefits from natural light through double-glazed windows, while the bathroom is equipped with a three-piece suite that requires some finishing touches. Externally, the brickwork and pointing are in good condition, which bodes well for future refurbishment efforts. The rear yard offers additional outdoor space for relaxation or storage. This property requires comprehensive refurbishment but holds substantial potential for those looking to invest in the buy-to-let market or seek an opportunity to renovate for resale. With similar properties in the area seeing successful sales post-renovation, there’s significant potential to create value here. Freehold tenure adds further appeal for investors seeking a straightforward ownership structure. With council tax band A, this property is competitively priced within its market segment. In summary, this mid-terrace property provides an excellent foundation for those looking to enter the housing market or expand their investment portfolio through thoughtful renovations in a desirable locale.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Alexandra Street, Preston, Lancashire PR1
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£348
Based on a loan of £71,250 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