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Farringdon Crescent, Preston PR1 - Image 1
Farringdon Crescent, Preston PR1 - Image 2
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Farringdon Crescent, Preston PR1

North West

£90,000
Listed on 01/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
699 sqft

Description

This semi-detached 2-bedroom house offers a promising opportunity for buyers with a vision. Situated in a desirable North West residential area, it presents an ideal canvas for first-time buyers and investors eager to infuse their personal style while enhancing its value. The property requires modernization throughout but boasts ample potential due to its spacious layout, including two double bedrooms and generous living areas. A driveway accommodating two vehicles and a sizable rear garden add to the appeal, offering space for outdoor enjoyment or further development. Local amenities, reputable schools, and convenient motorway access to the M6 (Junction 31) make this location advantageous for future growth. With no onward chain, this property stands ready for transformation into a charming home or lucrative investment with the right refurbishment efforts.

Investment Analysis

(PR1 area)

Below Market Value

This property is priced -31.8% below area average per sq ft

-31.8%
Potential saving
This Property
£129/sq ft
Area Average
£189/sq ft
Avg Rent (weekly)
£215
Avg Yield
6.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£145,168
10% above area average per sq ft
Potential ROI
+16.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
56
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (PR1)

Area prices are falling by +5.1% over the last 12 months
3 year growth: 5.7%
5 year growth: 15.3%
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

Farringdon Crescent, 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
£330
Based on a loan of £67,500 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