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Melrose Avenue, Fulwood, Preston PR2 - Image 1
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Melrose Avenue, Fulwood, Preston PR2

North West

£175,000
Listed on 08/05/2026

Property Details

Bedrooms
3
Type
Semi Detached Bungalow
Area
846 sqft

Description

This three-bedroom semi-detached bungalow is nestled in a quiet cul-de-sac within the desirable area of Fulwood, Preston. While currently requiring modernization throughout, this property holds significant potential for transformation and investment. Perfect for families, couples, or investors, it offers an opportunity to customize and enhance the living space according to individual preferences. The location is advantageous with easy access to Preston City Centre, featuring a variety of shops, eateries, and recreational options. Convenient transport links are also available, including direct rail services from Preston station and proximity to the M6 and M61 motorways for hassle-free commuting. Upon entering through the side entrance, a central hallway leads you to the principal rooms on the ground floor. At the front is a spacious lounge filled with natural light, providing a cozy environment. Towards the rear lies a fitted kitchen that offers ample storage and workspace but is in need of updating. The master bedroom at the back boasts generous dimensions with views of the garden. Two additional bedrooms—one double and one single—are accessible from the hallway, suitable for use as guest rooms or home offices. A three-piece family bathroom completes the ground floor layout, along with a conservatory that adds extra living space overlooking the tiered garden. The exterior features include a front garden bordered by a brick wall and a gated driveway accommodating up to three vehicles leading to a detached garage. The rear garden is substantial and tiered, presenting excellent potential for landscaping or outdoor developments. With its ample interior space combined with an attractive location, this property represents an excellent investment for those looking to enhance value and create their ideal home.

Investment Analysis

(PR2 area)

Below Market Value

This property is priced -2.1% below area average per sq ft

-2.1%
Potential saving
This Property
£207/sq ft
Area Average
£211/sq ft
Avg Rent (weekly)
£210
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£196,589
10% above area average per sq ft
Potential ROI
-8.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
88
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (PR2)

Area prices are falling by -5.2% over the last 12 months
3 year growth: +4.3%
5 year growth: +13.1%
Investment Disclaimer: Analysis based on PR2 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

Melrose Avenue, Fulwood, Preston PR2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£624
Based on a loan of £131,250 over 30 years at 3.97% 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

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