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Residential development for sale – Residential Development Site, Long Preston, BD23 4PH

Yorkshire

£575,000
Listed on 17/07/2024

Property Details

Bedrooms
N/A
Type
Commercial Development

Description

This property presents a unique opportunity for development in the picturesque village of Long Preston, located within the Yorkshire Dales National Park. With full planning permission already secured for the construction of ten new homes, including a mix of affordable housing and open market properties, this site is primed for investment. The land is relatively flat and bordered by traditional dry-stone walls, offering an attractive setting that backs onto scenic farmland and countryside. Local amenities such as a primary school, village shop, and pub are within easy reach, while the market town of Settle lies just four miles north, providing additional facilities like supermarkets and dining options. The approved development plan features a variety of dwelling types aimed at fostering community living while satisfying diverse market demands. This project has the potential to not only deliver residential units but also contribute positively to the local area’s housing supply.

Investment Analysis

(BD23 area)
Area Average
£299/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£500,000 - £700,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (BD23)

Area prices are falling by -3.4% over the last 12 months
3 year growth: -10.6%
5 year growth: +7.3%
Investment Disclaimer: Analysis based on BD23 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

Residential development for sale – Residential Development Site, Long Preston, BD23 4PH
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,037
Based on a loan of £431,250 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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