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Cemetery Road, Preston PR1 - Image 1
Cemetery Road, Preston PR1 - Image 2
Cemetery Road, Preston PR1 - Image 3

Cemetery Road, Preston PR1

North West

£120,000
Listed on 02/12/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This generously sized two-bedroom terraced house presents an excellent renovation opportunity in a sought-after area close to the City Centre and essential amenities, including shops and schools. The property offers spacious rooms that are ripe for modernization, allowing potential buyers to create a comfortable living space tailored to their preferences. Upon entering, you are greeted by a small vestibule leading to a large living room featuring a central fireplace. The adjoining kitchen is practical with built-in appliances such as a fridge/freezer and oven, complemented by ample cupboard and counter space. Additionally, there’s convenient under-stair storage and access to the rear garden through a small vestibule at the back of the house. Ascending the staircase reveals a bright master bedroom equipped with natural light and storage options, alongside a well-sized second bedroom. The basic bathroom includes necessary fixtures such as a toilet, sink, and shower cubicle. Externally, the property boasts a rear yard accessible via a shared side passageway. This house stands as an ideal canvas for investors or homeowners looking to add value through refurbishment.

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 - £25,000
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

Cemetery Road, Preston 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
£440
Based on a loan of £90,000 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