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Cumeragh Lane, Whittingham, Preston, Lancashire

North West

£400,000

Listed on 01/06/2026

Property Details

Bedrooms
3
Type
Plot

Description

This property presents a remarkable investment opportunity for developers, featuring a parcel of land that holds Outline Planning Consent for the construction of three spacious detached homes. Each proposed dwelling includes an integral garage and is positioned on generous garden plots with private driveways accessing Cumeragh Lane. The total area spans 0.62 acres (0.27 hectares), offering substantial space for development. The planning consent was granted by Preston City Council under Application 06/2023/0652 on 12/10/23, allowing flexibility for the buyer to conduct further modifications to the site layout and house designs according to their vision and specifications. With a clear plan in place for residential development, this plot stands out as a potential lucrative project in the North West region.

Investment Analysis

(PR3 area)
Area Average
£259/sq ft
Avg Rent (weekly)
£250
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PR3)

Area prices are falling by -2.9% over the last 12 months
3 year growth: -3.0%
5 year growth: +7.3%
Investment Disclaimer: Analysis based on PR3 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

Cumeragh Lane, Whittingham, Preston, Lancashire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,511
Based on a loan of £300,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Price History

-20.0% since listed
£400,000£100,000(-20.0%)
04/12/2024
Current price
£500,000Initial listing
15/02/2024

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