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Abbey Lane, Preston, Hull

Yorkshire

£850,000
Listed on 13/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property represents a unique investment opportunity, featuring the framework for nine detached bungalows situated within spacious plots in the desirable village just east of Hull. Currently at DPC (Damp Proof Course) level, all nine plots come with full planning permission, making it an attractive proposition for developers and investors looking to capitalize on the growing demand for residential properties in this area. The development includes three 3-bedroom bungalows with an area of 1,148 sq ft, four additional 3-bedroom units measuring 927 sq ft, and two 2-bedroom bungalows at 834 sq ft. With the groundwork already laid, potential buyers can focus on completing these homes to suit modern living standards. Located on Abbey Lane, the site benefits from its proximity to village amenities and is conveniently accessible from Wyton Road (B1239). Residents will appreciate being just a short walk from the village center and its offerings, which include reputable primary and secondary schools, local shops, pubs, and a garden center. Additionally, the neighboring market town of Hedon enhances convenience with a broader array of amenities. Preston is well-regarded for its community spirit and access to public transport that connects directly to Hull. This ease of access to urban facilities reinforces the appeal of this location for future residents seeking a blend of rural charm and city convenience. Overall, this property presents a significant opportunity for those looking to engage in property development or investment within a thriving community. With its strategic position and existing planning permissions in place, this project has great potential for both immediate returns and long-term growth.

Investment Analysis

(HU12 area)
Area Average
£207/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£900,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (HU12)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 2.8%
5 year growth: 16.4%
Investment Disclaimer: Analysis based on HU12 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

Abbey Lane, Preston, Hull
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,114
Based on a loan of £637,500 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE