Church Street News, Church Street, Preston,
North West
£525,000
Listed on 16/07/2026
Listed on 16/07/2026
The listing
Property details
Bedrooms
N/AType
HouseDescription
Presenting an exceptional opportunity in the heart of Preston, this property offers extensive development potential. Located centrally, it combines both residential and commercial space, making it an ideal investment for savvy buyers. With planning permission already in place for the conversion of the premises into 15 apartments—each featuring en-suites—this venture is particularly well-suited for those interested in the student housing market. The existing shop contributes positively to cash flow, with an estimated monthly income of approximately £9,000. This multifaceted property stands as a promising addition to any real estate portfolio or development project. Seize this chance to enhance your investments in a vibrant city centre locale.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
34out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial conversion project rather than a straightforward house renovation: the upper floors are stripped back, with exposed masonry and floor structure, while the ground-floor shop appears to remain operational. The listing states that permission exists for 15 apartments, but the consent and feasibility need to be verified; floor area is also missing, so value versus local £/sqf cannot yet be judged.
Key opportunities
- Rework the stripped upper floors into a new residential layout, subject to verifying the stated permission for 15 apartments and its feasibility.
- The stocked, apparently operating ground-floor shop offers a commercial element alongside the potential residential use.
- The upper façade appears finished in places, providing a starting point for the wider conversion.
Key risks
- Stripped upper floors, exposed structure and construction debris point to a heavy full-interior rebuild; plan for a substantial programme rather than a cosmetic refresh.
- Boarded or incomplete sections at the ground-floor frontage and access will need investigation and resolution.
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Transport
Nearest stations
Preston Rail Station
0.5 miles
Train · Preston
Lostock Hall Rail Station
2.4 miles
Train · Lostock Hall
Bamber Bridge Rail Station
2.6 miles
Train · Bamber Bridge
Leyland Rail Station
4.2 miles
Train · Leyland
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£2,145
Based on a loan of £393,750 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-4.5% since listed
£525,000£25,000(-4.5%)
20/08/2026£550,000Initial listing
17/07/2026Services
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