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Longcroft, PR4

North West

£135,000
Listed on 12/11/2024

Property Details

Bedrooms
2
Type
Plot
Area
872 sqft

Description

This attractive building plot is situated within a tranquil cul-de-sac in the vibrant village of Longton and comes with full planning permission for the construction of a two-bedroom bungalow. The location provides excellent access to local amenities, including shops, schools, and transport links, making it an ideal area for both families and commuters alike. Nestled just a few miles from Preston city centre and well-connected to major motorways (M6 and M65), this plot offers great potential for future development. The land itself measures approximately 18.01m by 14.92m, presenting an opportunity for developers or homeowners to create a tailored living space on this spacious canvas. With the surrounding community offering a variety of facilities such as cafes, restaurants, pubs, and excellent educational institutions, this property not only represents a chance to build your dream home but also serves as a sound investment in an up-and-coming area.

Investment Analysis

(PR4 area)

Below Market Value

This property is priced -37.4% below area average per sq ft

-37.4%
Potential saving
This Property
£155/sq ft
Area Average
£247/sq ft
Avg Rent (weekly)
£280
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£185,000 - £220,000
Target Value
£237,306
10% above area average per sq ft
Potential ROI
-33.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
82
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PR4)

Area prices are falling by -3.6% over the last 12 months
3 year growth: +2.3%
5 year growth: +5.9%
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

Longcroft, PR4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£478
Based on a loan of £101,250 over 30 years at 3.91% 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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