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Old School Lane, Lostock Hall, Preston, Lancashire

North West

£299,000
Listed on 24/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
989 sqft

Description

This semi-detached cottage, featuring three bedrooms and two reception rooms, offers significant investment potential. Situated on a generous plot of 0.17 acres (0.7ha) in a semi-rural setting, the property currently includes a detached timber barn and garage, both of which add to its charm and possibilities for redevelopment. Recent outline planning permission (granted September 2023) allows for the construction of an additional detached dwelling following the demolition of the barn, presenting a unique opportunity for expansion or rental income amidst picturesque open field views. Internally, the cottage is functional but could benefit from modernisation to fully realise its potential. The ground floor includes a bright lounge with rear garden views, a living room with a charming bay window and gas fireplace, and a kitchen equipped with essential units and a breakfast bar. A convenient WC off the hallway rounds out the first level. Upstairs holds three bedrooms—two generous doubles and a third with built-in wardrobes—alongside a fully tiled family bathroom featuring modern amenities. Outside, the sizeable garden is primarily lawned, bordered by trees and open fields, enhancing its appeal. A concrete garage adds utility to the property while providing options for conversion or renovation. With easy access to motorway networks, this location caters well to commuters while remaining peaceful enough to enjoy country living.

Investment Analysis

(PR5 area)

Above Market Value

This property is priced +38.1% above area average per sq ft

+38.1%
This Property
£302/sq ft
Area Average
£219/sq ft
Avg Rent (weekly)
£208
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £65,000
Target Value
£238,087
10% above area average per sq ft
Potential ROI
-34.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
66%
Properties sold annually

Local Market Trend (PR5)

Area prices are rising by +8.7% over the last 12 months
3 year growth: +7.0%
5 year growth: +23.5%
Investment Disclaimer: Analysis based on PR5 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

Old School Lane, Lostock Hall, Preston, Lancashire
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,078
Based on a loan of £224,250 over 30 years at 4.06% 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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