Rose Terrace, Preston

This property presents a significant opportunity for developers looking to capitalize on its substantial period features and generous plot size. It is currently in the process of being prepared for a conversion into seven self-contained studios and apartments, with a planning application already submitted. The expected gross rental income upon completion is estimated at approximately £58,000 per year, making it an enticing prospect for investment. Additionally, the spacious rear plot has further potential for development, pending necessary planning approvals. The property has been stripped back for renovation but retains charming original elements such as leaded windows. Included are useful amenities like a garage, outbuildings, and ample off-road parking. Located conveniently close to Preston City Centre and key local facilities like the University of Central Lancashire and Royal Preston Hospital, this site is well positioned to attract both student and professional renters. A prime value-add opportunity to enhance the property’s yield by finishing the proposed conversions and exploring additional developments on the expansive plot.