3-bedroom bungalow · PR2 8DE
For saleReduced £10k (−5.7%) on 10 JulListed 166 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ben Rose Estate Agents are pleased to present to market this spacious three-bedroom semi-detached bungalow, situated in a quiet cul-de-sac in the highly sought-after area of Fulwood, Preston.
Offered with great potential and in need of modernising throughout, this home presents an excellent opportunity for families, couples, or investors looking to create a property tailored to their own tastes.
The location is ideal, with easy access to Preston City Centre, offering a wide range of shops, restaurants, and leisure facilities.
Excellent travel links are nearby, including Preston railway station providing direct services across the UK, as well as convenient access to the M6 and M61 motorways, making commuting straightforward.
Entering the home via the side entrance, you are welcomed into a central hallway that provides access to the majority of the ground floor accommodation.
To the front, you’ll find a generously sized lounge, benefiting from plenty of natural light and offering a comfortable living space.
Moving towards the rear, the fitted kitchen provides ample storage and workspace, with scope for modernisation.
The master bedroom is positioned at the rear of the property and offers a spacious double room with a pleasant outlook over the garden.
A second double bedroom and a third single bedroom, ideal as a home office or nursery, are also accessible from the hallway.
Completing the ground floor is a three-piece family bathroom and a conservatory to the rear, providing additional living space with views of the garden.
Externally, the property boasts a front garden enclosed by a brick wall, alongside a gated driveway offering parking for up to three vehicles and leading to a detached garage.
To the rear is a substantial, tiered garden that slopes upwards, offering multiple levels and fantastic potential for landscaping.
This outdoor space, combined with the property’s generous interior and prime location, makes it a superb opportunity for buyers looking to add value and create a wonderful home.
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.
Area
Agent & docs
FAQ
About 42, Melrose Avenue, Preston
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