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Preston Road, Grimsargh, Preston

North West

£400,000
Listed on 10/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This building plot in the appealing village of Grimsargh presents a significant opportunity for those looking to invest in a new residential project. The site comes with approved planning permission for a substantial 3,347 sq ft home, allowing for customization of the design based on your preferences. Whether you envision expanding the existing layout or adapting it to better suit your lifestyle, this flexibility is a considerable asset. The property is equipped with essential services and drainage already in place, which streamlines the initial phases of construction. A shared septic tank has been installed to service both this plot and a neighboring one, enhancing convenience while also providing an economical solution for waste management. Additionally, the secured gated access will provide peace of mind regarding privacy and safety. Nestled within the scenic Lancashire countryside, this location strikes an ideal balance between serene rural living and accessibility to local amenities. Residents can enjoy the tranquility of village life while still being within easy reach of essential services and transport links. This unique opportunity not only allows for the creation of a personalized home but also promises strong investment potential in an attractive area known for its community spirit and natural beauty. With the ability to name your future residence, this plot encourages you to create something truly special that reflects your vision and lifestyle.

Investment Analysis

(PR2 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£226
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
79
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (PR2)

Area prices are stable by 0.0% over the last 12 months
3 year growth: 6.7%
5 year growth: 19.4%
Investment Disclaimer: Analysis based on PR2 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

Preston Road, Grimsargh, Preston
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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
£1,465
Based on a loan of £300,000 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