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Blackpool Road, St. Michaels, Preston

North West

£900,000

Listed on 10/07/2026

Property details

Bedrooms
5
Type
House

Description

This substantial detached property in the rural area of St Michaels, Preston, represents an exceptional opportunity for those looking to undertake a significant redevelopment or refurbishment project. The existing layout features five bedrooms and five reception rooms, including a games room and four bathrooms, providing a generous base suitable for reconfiguration and enhancement. Set upon approximately 5 acres of land, the property allows ample scope for landscaping or further development. A charming one-acre lake located at the centre of the plot adds to its natural beauty and appeal. With approved planning permission for a six-car garage already in place, this site offers remarkable potential for those with vision. Notably, the possibility of acquiring an additional 2 acres of land through separate negotiation opens up even more opportunities. Ample off-road parking and expansive grounds complete this unique prospect, making it ideal for developers or investors seeking a project with profound long-term potential.

Investment analysis

(PR3 area)
Area Average
£259/sq ft
Avg Rent (weekly)
£256
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £300,000
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
8%
Properties sold annually

Local Market Trend (PR3)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -3.5%
5 year growth: +7.0%
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

Blackpool Road, St. Michaels, Preston
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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
£3,400
Based on a loan of £675,000 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

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