3-bedroom bungalow · PR7 5RH
Under offerReduced £12.5k (−3.8%) on 1 OctListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A place to call home …. Tucked away within a peaceful cul-de-sac, 59 Red House Lane offers well-proportioned accommodation, modern interiors and excellent outdoor space.
A private tarmac driveway provides parking for two vehicles and leads to the attached single garage.
A part-glazed UPVC entrance door opens into a welcoming central hallway with wood-effect laminate flooring, recessed mat well, radiator and storage cupboard housing the Worcester gas central heating combination boiler.
The hallway provides access to the living accommodation, all bedrooms and the shower room. Cosy nights in ….
Positioned to the rear, the spacious lounge and dining room is filled with natural light from the large UPVC sliding doors which open onto the south-facing garden.
There is ample room for both lounge furniture and a dining table, centred around an attractive fireplace with inset log-burning stove. Let’s get cooking ….
Leading from the dining area, the contemporary kitchen features quartz-effect worktops, integrated fridge, freezer, eye-level oven and grill, electric hob and integrated wine cooler, together with space for a dishwasher.
A black sink unit is set beneath the rear window which overlooks the garden whilst a part-glazed timber door leads into the attached garage which features a utility room to the rear with space for a washing machine, tumble dryer and further sink unit.
Time for bed …. The principal bedroom is a generous double overlooking the front of the property with ample space for wardrobes.
Bedroom Two is a further double with fitted wardrobes and a side-facing window. Bedroom Three is a versatile single room ideal as a guest bedroom, nursery or home office and has a window to the front.
Modern conveniences …. The beautifully updated shower room includes a walk-in shower with dual-head fitment, a vanity basin, and WC.
A heated gold towel rail and elegant gold accents, finish the room along with marble-effect wall panelling. What’s outside ….
The attached single garage benefits from barn-style front doors, a rear UPVC access door and a utility area and the boarded ceiling incorporates three roof lights.
The generous, south-facing garden offers two patio areas, a central lawn, decorative shale borders and a hardstanding suitable for a shed or summerhouse.
Viewing is strictly by appointment through Maria B Evans Estate Agents We are reliably informed that the Tenure of the property is Freehold The Local Authority is Chorley Borough Council The EPC rating is D The Council Tax Band is C The property is served by mains drainage Please note: Room measurements given in these property details are approximate and are supplied as a guide only.
All land measurements are supplied by the Vendor and should be verified by the buyer's solicitor.
We would advise that all services, appliances and heating facilities be confirmed in working order by an appropriately registered service company or surveyor on behalf of the buyer as Maria B.
Evans Estate Agency cannot be held responsible for any faults found. No responsibility can be accepted for any expenses incurred by prospective purchasers.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 59, Red House Lane, Chorley
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