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Marsh Farm, Back Lane, Longton

North West

£1,350,000
Listed on 03/09/2024

Property Details

Bedrooms
4
Type
Detached house
Area
2292 sqft

Description

Nestled on a generous 1.4-acre plot, this property offers an exceptional opportunity for renovation and investment in a semi-rural setting. The detached farmhouse, while in need of extensive refurbishment, features four bedrooms and presents a blank canvas for those looking to create their dream home or capitalize on its potential as a rental property. Accompanying the farmhouse are several outbuildings, including a stable block with a tack room and a double garage. These structures not only enhance the property's utility but also provide additional avenues for development. Notably, there is existing planning permission in principle for the construction of two detached dwellings, making this an enticing prospect for investors seeking to expand their portfolio or develop further. Accessed via double gates off Back Lane, the property is set back from the road along a sweeping driveway that allows for ample parking. The surrounding farmland provides tranquil views and a sense of privacy, while still being conveniently located near Longton's vibrant center. This location benefits from proximity to reputable schools and local amenities, ideal for families or potential tenants. With significant renovation possibilities and development prospects already in place, this property represents a unique chance to invest in an area that blends rural charm with accessibility to urban conveniences.

Investment Analysis

(PR4 area)

Above Market Value

This property is priced +141.7% above area average per sq ft

+141.7%
This Property
£589/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£282
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£614,290
10% above area average per sq ft
Potential ROI
-61.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (PR4)

Area prices are stable by +1.8% over the last 12 months
3 year growth: 6.2%
5 year growth: 10.0%
Investment Disclaimer: Analysis based on PR4 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

Marsh Farm, Back Lane, Longton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,945
Based on a loan of £1,012,500 over 30 years at 4.19% 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.

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