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Doctors Lane, Preston PR4 - Image 1
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Doctors Lane, Preston PR4

North West

£500,000
Listed on 11/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
4464 sqft

Description

This detached bungalow presents a unique investment opportunity, situated on an expansive plot of approximately 1.07 acres along a quiet rural lane near Tarleton Village. The property requires modernisation and features a spacious reception hall, three generous double bedrooms, a lounge, home office, dining kitchen, large utility room, bathroom, WC, and conservatory. The exterior boasts a substantial driveway for multiple vehicles leading to an oversized garage and two sizable workshops with an additional tool store. The rear garden is well-defined with lawn areas, a patio space, and mature borders that enhance the setting's charm. Given its layout and verdant surroundings, this property holds significant potential for renovation—whether it's to create your dream home or to reconfigure the existing space for rental income. Viewings are strongly recommended as there is no chain involved.

Investment Analysis

(PR4 area)

Below Market Value

This property is priced -54.0% below area average per sq ft

-54.0%
Potential saving
This Property
£112/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£282
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£1,196,419
10% above area average per sq ft
Potential ROI
+113.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (PR4)

Area prices are stable by +1.8% over the last 12 months
3 year growth: 6.2%
5 year growth: 10.0%
Investment Disclaimer: Analysis based on PR4 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

Doctors Lane, Preston PR4
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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
£1,832
Based on a loan of £375,000 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