Auction
Auction date passed
This lot went to auction on 23 September 2026 (29 days ago) but remains listed. It was still on the portal today. That usually means it didn’t sell — it may now be available by private treaty or head to a future auction. Worth confirming current availability with the agent.
Land · PR2 2DB
For saleListed 51 daysAuction 23 Sep · unsold, still listed
Opportunity summary
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About
Infill Development Plot for Sale — Adjacent to 35 Shelley Road, Preston PR2 2DB Rare infill plot adjacent to 35 Shelley Road, Ashton-on-Ribble, Preston PR2 2DB, suitable for a detached dwelling or semi-detached pair, subject to planning.
Guide price £40,000. For sale by auction with Palace Auctions at Claridge's, Mayfair, on 23rd September 2026 at 12 noon (Lot 22).
The Plot This freehold infill plot measures approximately 462.39 sq m (subject to measured survey), with good frontage and access from Shelley Road.
Its size and configuration suit a single detached dwelling or potentially a pair of semi-detached homes, subject to planning permission.
Comparable infill plots in Preston PR2 with planning consent have achieved £70,000–£145,000, with local land values ranging from £120–£300 per sq m — positioning this £40,000 guide price as strong value with clear upside.
Planning Context Preston City Council's Local Plan and the Central Lancashire Core Strategy Policy 1(f) both encourage small-scale infill development within established residential areas, subject to design and amenity considerations.
Buyers are advised to consult the Preston City Council Planning Portal for site-specific guidance before bidding.
The Location The plot sits in Ashton-on-Ribble, a popular residential suburb within PR2, known for its established community, good local schools, and green spaces.
Average house prices in PR2 stand at £194,061, with Shelley Road itself averaging £115,000 for sold homes, reflecting steady growth and robust local demand.
Transport & Amenities The area offers excellent transport links, with easy access to Preston city centre, the University of Central Lancashire (UCLan), and major road networks, plus swift onward connections to Manchester and Liverpool via Preston railway station.
Local shops, parks, and leisure facilities are all within easy reach, making the area popular with families, professionals, and students alike.
Regeneration Preston is benefiting from the £434 million City Deal, driving investment in infrastructure, housing, and employment across the region.
Ashton-on-Ribble is well placed to benefit from this growth, alongside strong rental demand generated by UCLan, one of the UK's largest universities.
Auction Details For sale by auction with Palace Auctions London, Lot 22, at Claridge's, Brook Street, Mayfair, London, on 23rd September 2026 at 12 noon, with in-person, online, telephone, and proxy bidding available.
A 10% deposit is payable on the fall of the hammer, plus a 2% buyer's premium (inclusive of VAT) and a £1,000 + VAT administration fee. Completion is required within 28–56 days.
The land has not been inspected by the auctioneers, so buyers should undertake their own due diligence, review the legal pack, and seek independent legal and planning advice before bidding.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Land at Shelley Road, Preston, Lancashire
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