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Jemmett Street, Preston PR1

North West

£115,000
Listed on 28/03/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace property is situated in a sought-after residential area, perfect for both first-time buyers and savvy investors. The home features a spacious living room, a fitted kitchen with dining space, and a three-piece bathroom, along with two generously sized double bedrooms. While the property requires some cosmetic updates, it presents an excellent opportunity to modernize and tailor the living space to individual preferences. On-street parking is available, and the rear yard offers a private outdoor space for relaxation or gardening. Notably, the property has had a subsidence claim addressed through insurance, with relevant documentation provided to ensure confidence in its current condition. Some uneven floors remain due to uncompleted remedial works, so buyers may want to account for these in their renovation plans. Overall, this property is ideal for those looking to invest in a home that has good potential for enhancement and value appreciation.

Investment Analysis

(PR1 area)
Area Average
£183/sq ft
Avg Rent (weekly)
£195
Avg Yield
6.1%

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
60
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (PR1)

Area prices are falling by -5.1% over the last 12 months
3 year growth: +6.1%
5 year growth: +8.8%
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

Jemmett Street, Preston PR1
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£407
Based on a loan of £86,250 over 30 years at 3.91% 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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