# 2 bedroom terraced house for sale (PR1 3SU)

## Property Details

| Key | Value |
|-----|-------|
| Address | 47 FRENCHWOOD STREET, PRESTON, LANCASHIRE PR1 3SU |
| Price | £75,000 |
| Bedrooms | 2 |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 110 m² |
| Last sold | £97,000 Jun 2021 |

## EPC Rating & Upgrade Cost

- **Current rating:** E
- **Potential rating:** C
- **Expiry date:** 15/08/2026
- **Current heating cost:** £1,453/year
- **Est. upgrade cost to C:** £25,080

### Recommendations
- B (£500 - £1,500)
- Q (£4,000 - £14,000)
- E (£30)
- G (£350 - £450)
- I (£2,200 - £3,000)
- T2 (£400 - £900)
- O (£3,300 - £6,500)
- U (£5,000 - £8,000)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9968-7008-7268-4466-6900)

## Description

A two bedroom Mid Terrace House In need of refurbishment 

A Two Bedroom Mid Terrace House In Need Of some refurbishment 

A two bedroom mid terrace house 

Accommodation

Internally, the accommodation comprises ; entrance hallway, lounge, dining room, kitchen (with access to the cellar) and downstairs wet room. First floor – two double bedrooms, bathroom and separate w/c. potential to create a third bedroom from bathroom and w/c.  Yard to the rear and permit parking to the front . 

We have taken the Net Internal Floor Areas from the Energy Performance Certificate (EPC) as follows:: 110 sq m (1,184 sq ft)

Location

Situated a short walking distance from Preston City centre , Winckley Square and Avenham Park. Also close to local schools and transport link

Tenancy

Vacant

Tenure

See legal pack 

Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

**Tenure**

See Legal Pack

**EPC Rating: **E

**Additional Fees**

**Administration Charge: **1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

**Disbursements: **Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

## Property Photos

- ![Photo](/listings/photos/79830672/747442)
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- ![Photo](/listings/photos/79830672/747447)
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- ![Photo](/listings/photos/79830672/747451)
- ![Photo](/listings/photos/79830672/747452)
- ![Photo](/listings/photos/79830672/747453)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 47 FRENCHWOOD STREET, PRESTON, LANCASHIRE, PR1 3SU | £97,000 | 18/06/2021 | Terraced |
| 47 FRENCHWOOD STREET, PRESTON, LANCASHIRE, PR1 3SU | £28,700 | 10/12/1999 | Terraced |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 3 FRENCHWOOD STREET, PRESTON, LANCASHIRE, PR1 3ST | £105,500 | 09/01/2026 | Terraced |
| 14 BANK PARADE, PRESTON, LANCASHIRE, PR1 3TA | £366,000 | 25/08/2023 | Terraced |
| 19 GREAT AVENHAM STREET, PRESTON, LANCASHIRE, PR1 3TD | £106,000 | 05/05/2023 | Terraced |
| 28 LATHAM STREET, PRESTON, LANCASHIRE, PR1 3TE | £249,999 | 04/05/2023 | Terraced |
| 47 CHADDOCK STREET, PRESTON, LANCASHIRE, PR1 3TL | £132,000 | 22/11/2022 | Terraced |
| 67 FRENCHWOOD STREET, PRESTON, LANCASHIRE, PR1 3SU | £95,000 | 08/09/2022 | Terraced |
| 16 GREAT AVENHAM STREET, PRESTON, LANCASHIRE, PR1 3TD | £140,000 | 29/07/2022 | Terraced |
| 47 AVENHAM ROAD, PRESTON, LANCASHIRE, PR1 3TH | £70,000 | 30/06/2022 | Terraced |
| 46 AVENHAM ROAD, PRESTON, LANCASHIRE, PR1 3TH | £70,000 | 30/06/2022 | Terraced |
| 28 FRENCHWOOD STREET, PRESTON, LANCASHIRE, PR1 3ST | £160,000 | 17/06/2022 | Terraced |
| 1 AVENHAM ROAD, PRESTON, LANCASHIRE, PR1 3TH | £65,000 | 11/02/2022 | Terraced |
| 12 BANK PARADE, PRESTON, LANCASHIRE, PR1 3TA | £380,000 | 04/02/2022 | Terraced |
| 4 AVENHAM PLACE, PRESTON, LANCASHIRE, PR1 3SX | £122,500 | 22/01/2022 | Terraced |
| 17A AVENHAM ROAD, PRESTON, LANCASHIRE, PR1 3TH | £64,000 | 15/10/2021 | Terraced |
| 28 CHADDOCK STREET, PRESTON, LANCASHIRE, PR1 3TL | £175,000 | 22/09/2021 | Terraced |

**Area average:** £153,400 (15 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £128,090 (100 Terraced, PR1, 2024–2026)
- **Deviation:** -41.4%

## Rental Range

*ONS Price Index of Private Rents (Preston). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £704/mo
- **Realistic:** £782/mo
- **Optimistic:** £860/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Central Lancs (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £573/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, Avenham Terrace, PR1 | £1,299/mo | 2 | 0.07 miles | OpenRent |
| 2 Bed Flat, Guildhall Street, PR1 | £3,000/mo | 2 | 0.24 miles | OpenRent |
| 2 Bed Flat, Grimshaw Place, PR1 | £850/mo | 2 | 0.34 miles | OpenRent |
| 2 Bed Penthouse, Church Court, PR1 | £975/mo | 2 | 0.39 miles | OpenRent |
| 2 Bed Flat, Lancashire, PR1 | £1,300/mo | 2 | 0.44 miles | OpenRent |
| 2 Bed Flat, Waltons Parade, PR1 | £1,127/mo | 2 | 0.57 miles | OpenRent |
| 2 Bed Flat, New Hall Lane, PR1 | £675/mo | 2 | 0.63 miles | OpenRent |

**Average rent: £1,318/mo (7 listings)**

## 1% Rule

- **Rent ratio:** 1.5% (strong)
- **Max investor price (0.8%):** £140,875
- **Target investor price (1%):** £112,700

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,127/mo).*

- **Gross yield:** 18%
- **Cost-to-rent:** 5.5×
- **Monthly cashflow:** £694/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 38.3%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £682/m²

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 26.6%
- **10y growth:** 43.3%

## House Price Index (HM Land Registry)

*Official index for Preston; Terraced series; as of March 2026.*

- **1y growth (index):** 5.3%
- **5y growth (index):** 26.8%
- **10y growth (index):** 46.4%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)