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Church Street News, Church Street, Preston, - Image 1
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Church Street News, Church Street, Preston,

North West

£550,000

Listed on 15/07/2026

Property details

Bedrooms
N/A
Type
House

Description

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.

Investment analysis

(PR1 area)
Area Average
£191/sq ft
Avg Rent (weekly)
£206
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (PR1)

Area prices are stable by -1.7% over the last 12 months
3 year growth: +9.9%
5 year growth: +14.1%
Investment Disclaimer: Analysis based on PR1 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

Church Street News, Church Street, 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
£2,078
Based on a loan of £412,500 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

Next Steps

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