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St Michael's Road, Preston PR1 - Image 1
St Michael's Road, Preston PR1 - Image 2
St Michael's Road, Preston PR1 - Image 3

St Michael's Road, Preston PR1

North West

£100,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace home presents a promising opportunity for investors or first-time buyers eager to make their mark. Set over two levels, the ground floor features a living room, a sizable kitchen-diner, and a bathroom, while the upper floor houses the three bedrooms. Although the property requires substantial updating to reach its full potential, it offers a blank canvas for renovation enthusiasts. The enclosed rear yard adds value, providing an outdoor space perfect for leisure or entertaining. With on-street parking available, this home is ideally situated in a desirable location and has significant potential for improvement. This property is best suited for cash buyers or those seeking an investment project without the constraints of mortgage requirements.

Investment Analysis

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

Renovation Potential

Heavy 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

St Michael's Road, 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
£366
Based on a loan of £75,000 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