Lawrence Rooney Estate Agents says ..

Property Oracle says ..

This property presents a unique opportunity to acquire a large plot of land with a detached former farmhouse in Longton, Preston. Situated in a peaceful semi-rural setting, the property benefits from proximity to local amenities, reputable schools, including Longton Primary School (rated Outstanding by Ofsted), and train stations such as Salwick and Croston. The extensive grounds are a significant highlight, and the current planning in principle for two further dwellings greatly enhances the potential return on investment. However, the photographs reveal the property requires substantial renovation work. The existing building exhibits significant signs of wear and tear, requiring a complete modernisation to bring it up to a habitable and desirable standard. Buyers should factor in extensive refurbishment costs into their assessment. The property’s high list price reflects the land’s value and development potential but prospective buyers must carefully weigh the considerable renovation needs against the overall cost. The lack of square footage data for both the house and plot limits a precise comparison to local property values, but surrounding sales indicate that while the land’s value could justify a portion of the price, the overall costs involved in renovation and modernisation will need to be factored into the total investment required.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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