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Preston, Lancashire PR2 - Image 1
Preston, Lancashire PR2 - Image 2
Preston, Lancashire PR2 - Image 3

Preston, Lancashire PR2

North West

£5,000,000
Listed on 13/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive rural estate presents a noteworthy investment opportunity on the outskirts of the Ribble Valley, encompassing approximately 799.20 acres of versatile land. The property features two operational dairy farms, fully equipped and subject to Agricultural Holdings Act Tenancies, which allows for potential future reversionary uplift and amalgamation of holdings. Comprised within are five residential properties also under tenancy, offering immediate rental income. Traditional red brick farm buildings and modern agricultural structures provide opportunities for alternative uses with the necessary consents, making this estate particularly attractive for investors looking to maximize value over time. Lot 1 includes Elston New Hall Farm, featuring a principal four-bedroom residence and additional dwellings across 324.86 acres, while Lot 2 encompasses Elston Old Hall Farm with a similar setup over 474.34 acres. Each farmstead offers both living space and operational facilities suitable for continued agricultural use or redevelopment. Additionally, the land is enhanced by ancient semi-natural woodland, riverfront access to the River Ribble, and substantial biodiversity that could attract eco-focused initiatives. The close proximity to local amenities in Grimsargh and Longridge adds convenience while maintaining a rural charm. With various forms of development potential (subject to planning), this estate stands as a prime candidate for renovation or enhancement tailored to modern needs.

Investment Analysis

(PR5 area)
Area Average
£221/sq ft
Avg Rent (weekly)
£232
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (PR5)

Area prices are rising by +7.8% over the last 12 months
3 year growth: 6.8%
5 year growth: 22.9%
Investment Disclaimer: Analysis based on PR5 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, Lancashire PR2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£18,316
Based on a loan of £3,750,000 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