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Avenham Lane, Preston PR1

North West

£180,000

Listed on 29/06/2026

Property details

Bedrooms
3
Type
Terraced

Description

This charming terraced house, situated within walking distance of Preston city centre, presents a significant opportunity for renovation. Spread across three floors and featuring a useful cellar, two spacious reception rooms, an expansive kitchen, and three well-sized bedrooms, this property is packed with potential to transform into a delightful long-term residence. Upon entering, the generous hallway sets the tone for the property’s character and space. The front reception room benefits from a large bay window that fills the area with natural light, creating a warm and inviting atmosphere. The sizable kitchen at the rear has ample scope for modernisation and could easily become an ideal dining space for family gatherings. Furthermore, the cellar holds promise for conversion into an additional living area or home office in the future. Upstairs, you will find three good-sized bedrooms alongside a larger-than-average bathroom equipped with both a separate shower and bathtub. The outdoor space includes a larger-than-normal rear yard that can be enhanced for better usability. Located in Avenham, you're just moments away from local shops, cafes, bars, and excellent transport links via Preston train station, making it perfect for commuters. With its characterful features and admirable location, this property stands out as an excellent investment project or family home once updated.

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Investment analysis

(PR1 area)
Area Average
£191/sq ft
Avg Rent (weekly)
£206
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (PR1)

Area prices are stable by -1.7% over the last 12 months
3 year growth: +9.9%
5 year growth: +14.1%
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

Avenham Lane, Preston PR1
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£680
Based on a loan of £135,000 over 30 years at 4.45% 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.

Stamp duty calculator

Next Steps

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