3 Bed Semi-Detached House, Refurb/BRRR, Preston, PR1 9UY, £205,000

Wembley Avenue, Penwortham, PR1 9UY - 10 days ago

Refurb/BRRR
~93 m²
+15 photos

ValuationFair Value

Sold Prices£150K - £440K
Sold Prices/m²£2K/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£209,100

 

 

End Value (After Refurb)

£250,877

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£51,250

Stamp Duty & Legal Fees

£11,450

Refurb Costs

£39,436

Bridging Loan Interest

£5,381

Total Cash In

£109,267

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£250,877

Mortgage (After Refinance)

£188,158

Mortgage LTV

75%

Cash Released

£34,408

Cash Left In

£74,860

Equity

£62,719

Rent Range

£520 - £1,500

Rent Estimate

£977

Running Costs/mo

£999

Cashflow/mo

£-22

Cashflow/yr

£-269

Gross Yield

6%

Local Sold Prices

50 sold prices from £150K to £440K, average is £247.5K. £2K/m² to £3.6K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£305K07/230.06 mi44, Moorhey Drive, Penwortham, Preston, Lancashire PR1 0SS3
£264.4K12/220.09 mi2, Green Drive, Penwortham, Preston, Lancashire PR1 0RD3
£245K06/230.14 mi15, Barn Croft, Penwortham, Preston, Lancashire PR1 0SX3
£245K03/230.16 mi12, Newlands Avenue, Penwortham, Preston, Lancashire PR1 0QY3
£252K03/210.16 mi12, Chesmere Drive, Penwortham, Preston, Lancashire PR1 0RA3
£440K11/210.19 mi20, Highgate, Penwortham, Preston, Lancashire PR1 0HY3
£240K03/210.19 mi7, Kew Gardens, Penwortham, Preston, Lancashire PR1 0DR3
£219.9K12/200.2 mi7, Manor Lane, Penwortham, Preston, Lancashire PR1 0SY3
£150K04/210.22 mi38, Newlands Avenue, Penwortham, Preston, Lancashire PR1 0QY3
£239.9K02/230.22 mi27, Newlands Avenue, Penwortham, Preston, Lancashire PR1 0QY3
£260K07/210.23 mi3, Clifton Drive, Penwortham, Preston, Lancashire PR1 9XL3
£241K05/210.24 mi2, Clifton Drive, Penwortham, Preston, Lancashire PR1 9XL3
£215K04/210.24 mi6, Clovelly Drive, Penwortham, Preston, Lancashire PR1 0QX3
£306K02/230.25 mi8, Manor Avenue, Penwortham, Preston, Lancashire PR1 0XE3
£275K02/230.25 mi16, Thorngate Close, Penwortham, Preston, Lancashire PR1 0XN3
£185K02/210.28 mi73a, Manor Lane, Penwortham, Preston, Lancashire PR1 0TA3
£225K03/230.28 mi71, Manor Lane, Penwortham, Preston, Lancashire PR1 0TA3
£362.5K12/220.28 mi140, Liverpool Road, Penwortham, Preston, Lancashire PR1 0QJ3
£185K03/230.28 mi14, Stanley Grove, Penwortham, Preston, Lancashire PR1 0JH3
£285K04/230.3 mi1, Priory Close, Penwortham, Preston, Lancashire PR1 0BB3
£287K03/230.3 mi22, Kingsway West, Penwortham, Preston, Lancashire PR1 0JA3
£320K12/220.3 mi1, Kingsway West, Penwortham, Preston, Lancashire PR1 0JA3
£265K02/230.31 mi9, Whitefield Road, Penwortham, Preston, Lancashire PR1 0XJ3
£330K12/220.31 mi153, Liverpool Road, Penwortham, Preston, Lancashire PR1 0QH3
£228K06/230.33 mi1, Langholme Road, Penwortham, Preston, Lancashire PR1 0TL3
£300K09/210.33 mi2, Blashaw Lane, Penwortham, Preston, Lancashire PR1 0JN3
£200K03/210.34 mi34, West End, Penwortham, Preston, Lancashire PR1 0JD3
£185K06/230.34 mi15, West End, Penwortham, Preston, Lancashire PR1 0JD3
£242K12/210.35 mi5, Wilton Grove, Penwortham, Preston, Lancashire PR1 0QU3
£233K12/220.36 mi36, Manor Avenue, Penwortham, Preston, Lancashire PR1 0XH3
£195K11/200.36 mi40, Manor Avenue, Penwortham, Preston, Lancashire PR1 0XH3
£250K10/210.36 mi80, Whitefield Road, Penwortham, Preston, Lancashire PR1 0QQ3
£270K09/210.36 mi64, Whitefield Road, Penwortham, Preston, Lancashire PR1 0QQ3
£255K05/210.37 mi3, Manor Grove, Penwortham, Preston, Lancashire PR1 0QA3
£325K11/220.38 mi84, Manor Lane, Penwortham, Preston, Lancashire PR1 0QS3
£303K07/210.38 mi50, Queensway, Penwortham, Preston, Lancashire PR1 0DT3
£230K02/210.38 mi6, The Aspels, Penwortham, Preston, Lancashire PR1 9AL3
£195K04/210.38 mi66, Crookings Lane, Penwortham, Preston, Lancashire PR1 0HX3
£262K03/230.38 mi10, The Aspels, Penwortham, Preston, Lancashire PR1 9AL3
£350K08/230.39 mi16, Carlisle Avenue, Penwortham, Preston, Lancashire PR1 0QP3
£280K11/200.4 mi32, Monks Walk, Penwortham, Preston, Lancashire PR1 0AQ3
£240K02/230.4 mi15, Oaklands Drive, Penwortham, Preston, Lancashire PR1 0XY3
£180K03/210.42 mi60, Stanley Grove, Penwortham, Preston, Lancashire PR1 0JJ3
£205K05/230.43 mi30, Blundell Lane, Penwortham, Preston, Lancashire PR1 0AX3
£191.5K04/210.43 mi70, Priory Lane, Penwortham, Preston, Lancashire PR1 0AS3
£280K01/230.44 mi6, Troon Court, Penwortham, Preston, Lancashire PR1 0HS3
£191.5K04/210.44 mi70, Priory Lane, Penwortham, Preston, Lancashire PR1 0AS3
£260K05/230.45 mi3, Links Road, Penwortham, Preston, Lancashire PR1 0EP3
£277K01/230.45 mi11a, Clive Road, Penwortham, Preston, Lancashire PR1 0AT3
£230K11/200.46 mi26, Beechway, Penwortham, Preston, Lancashire PR1 0XS3

Local Rents

50 rents from £520/mo to £1.5K/mo, average is £940/mo.

RentDateDistanceAddressBeds 
£1,25008/240.07 miMoorhey Drive, Penwortham, PR13
£1,25008/240.07 miMoorhey Drive, Penwortham, PR13
£1,10009/240.07 miMoorhey Drive, Penwortham, PR13
£1,10008/240.24 miAlcester Avenue, Penwortham3
£99507/240.52 miCedar Way, Penwortham3
£1,10007/240.72 miBroadgate, Preston, Lancashire, PR13
£1,10007/240.74 miBroadgate, Preston, Lancashire, PR13
£89507/240.74 miCroft Bank, Penwortham, PR13
£97506/240.78 miVictoria Quay, Ashton-on-Ribble, Preston, Lancashire, PR23
£80007/240.79 miTaylor Street, Broadgate3
£52008/240.79 miTaylor Street, Preston, Lancashire, PR13
£95002/240.82 mi-3
£1,00003/250.82 mi-3
£1,10007/240.82 miNavigation Way, Ashton-on-ribble3
£93007/240.83 mi-3
£92507/240.83 miFairhaven Road, Penwortham3
£93007/240.83 miWolseley Road, Preston, PR13
£80007/240.83 miWolseley Road, Preston3
£85007/240.83 miWolseley Road, Broadgate3
£90007/240.84 miDove Avenue, Penwortham, Preston3
£91007/240.84 miWolseley Road, Preston, PR13
£90006/240.85 miPrinces Reach, Ashton-On-Ribble, Preston3
£87510/230.85 miBeech Street South, Preston3
£90008/240.86 miConnaught Road, Preston, PR1 8EX3
£90007/240.87 miSouth Meadow Lane, Preston, PR13
£95006/240.88 miPrinces Reach, Ashton-on-Ribble3
£1,35012/240.88 miPrinces Reach, Ashton-on-ribble3
£1,00008/240.89 mi-3
£1,00008/240.89 miHawkhurst Road, Penwortham, Preston, PR13
£95007/240.89 miHawkhurst Road, Penwortham, Preston, PR13
£95007/240.9 mi-3
£70006/240.91 miLangton Street, Preston, Lancashire, PR13
£80001/250.91 mi-3
£80003/250.91 mi-3
£1,25007/240.92 miGrafton Street, Preston FM3
£82506/240.93 mi-3
£89506/240.93 miGrafton Street, Preston, Lancashire, PR13
£99507/240.94 miMaritime Way, Ashton-On-Ribble, Lancashire, PR23
£90006/240.94 miSalisbury Road, Preston3
£80007/240.95 mi-3
£99506/240.95 miNorthcote Road, Preston, Lancashire, PR13
£92507/240.96 miTalbot Road, Preston3
£92508/240.98 miWoodville Road West, Penwortham3
£99510/230.98 miPope Lane, Penwortham. PR13
£1,00011/240.99 mi-3
£92508/241 miMargaret Road, Penwortham, Preston, PR13
£82005/241 mi-3
£1,47507/241.01 miThe Sorting Office, 42 West Cliff, Preston3
£1,15007/241.01 miThe Sorting Office, 42 West Cliff, Preston3
£1,50009/241.01 miThe Sorting Office, 42 West Cliff, Preston3

Local Area Statistics

Population in PR1

72,064

Population in Preston

286,036

Town centre distance

2.23 miles away

Nearest school

0.20 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+3%

Sales demand

Seller's market

Capital growth (5yrs)

+17%

Property History

Listed for £205,000

March 11, 2025

Floor Plans

Description

  • Three-bedroom semi-detached family home +
  • In need of some updating – excellent potential to add value +
  • Sought-after Higher Penwortham location +
  • Quiet residential avenue, just minutes from the lively high street +
  • Highly regarded primary and secondary schools within easy reach +
  • Bay-fronted lounge offering plenty of natural light +
  • Rear dining room with open flow into a modern fitted kitchen +
  • Three bedrooms and Modern three-piece family bathroom +
  • No chain delay – move-in ready with potential for modernisation +

Nestled in a quiet and highly sought-after residential avenue in the heart of Higher Penwortham, this three-bedroom semi-detached home offers an excellent opportunity for families, first-time buyers, or investors looking to add value. Despite its peaceful setting, the property is just a short stroll from Penwortham-s lively high street, which boasts an array of trendy shops, bars, restaurants, and cafés. With well-regarded primary and secondary schools close by, as well as convenient transport links into Preston city centre and beyond, this home is perfectly positioned to offer both convenience and community living.

While the property would benefit from some general updating, it presents a fantastic blank canvas for buyers to modernise and personalise to their taste, enhancing its character and charm.

Stepping through the entrance hallway, you are welcomed into a well-proportioned and light-filled space, setting the tone for the rest of the home. The bay-fronted lounge to the front of the property is a warm and inviting area, benefiting from an abundance of natural light that streams in through the large window. This space is perfect for unwinding at the end of the day, creating a cosy yet spacious atmosphere for relaxing or entertaining.

To the rear, the separate dining room provides an excellent setting for family meals and social gatherings. Flowing seamlessly into the modern fitted kitchen, this layout allows for open-plan interaction while maintaining defined spaces. The kitchen is well-equipped, featuring units, worktop space, and storage, making it both practical and stylish. With direct access to the rear garden, the dining room also provides a lovely indoor-outdoor connection, ideal for summer dining and entertaining. 

Ascending to the first floor, the landing leads to three; there is a spacious main bedroom with ample space for a king-sized bed and storage furniture. The second double bedroom is another generously sized room, ideal for guests or children, whilst the third  is a single bedroom, perfect as a child-s room, home office, or dressing room. The modern three-piece bathroom suite features a bath tub with overhead shower, washbasin, and WC, finished with contemporary fittings and tiling. 

Externally, the property boasts a wonderful mature rear garden, providing a private and tranquil outdoor retreat. Featuring established greenery and well-maintained lawn space, this garden is perfect for outdoor dining, gardening enthusiasts, or simply unwinding in a peaceful setting. The outdoor space offers plenty of scope for further landscaping, making it an ideal blank canvas for those looking to create their own perfect garden oasis.  

This fantastic home presents a rare opportunity to acquire a well-positioned property with great potential in one of Penwortham-s most desirable locations. Offering spacious interiors, a charming garden, and the opportunity to make it your own, this is an exciting prospect for buyers looking to create their dream home.

Early viewings are highly recommended to avoid disappointment!These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

Agent Details

Dewhurst Homes, Penwortham

01772 286822

Next Steps?

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