3-bedroom detached house · PR4 3ZB
For saleListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Fantastic development opportunity. Currently comprising a double fronted house and attached brick barn all set in 0.82 acres (0.33 hectares) or thereabouts. This property has so much potential.
There is Permission in Principle for demolition of the existing farmhouse and barn and erection of up to 6 dwellings ( a maximum net increase of 5 dwellings).
There would be scope to simply alters or replace the existing or develop multiple units subject to gaining the necessary consents.
The existing house and barns require substantial modernisation and the house currently comprises; reception hall, kitchen, pantry and shower room to the ground floor and 3 bedrooms and a shower room to the first floor.
The house extends to 1128 sq ft (104.7sq m) and brick barn extends to 1350 sq m (125.4 sq ft) or thereabouts.
In total the plot sits in 0.82 acres (0.33 hectares) or thereabouts and has great potential.
There are dilapidated buildings on site, no entry should be taken and care should be taken when inspecting the property.
The property sits in the jurisdiction of Fylde Borough Council and has permission in principle for demolition of existing farmhouse and barn and erection of up to 6 dwellings (a maximum net increase of 5 dwellings) under 25/0187 The details can be found on Fylde Borough Councils website Nestled in the heart of the picturesque Fylde countryside, the sought-after village of Elswick has a lovely rural feel.
The village provides everything needed for day-to-day living, including a well-regarded primary school, village shop, traditional country pubs and church, all contributing to its friendly and vibrant atmosphere.
Scenic country lanes, open farmland and numerous walking and cycling routes surround the village, making it an ideal setting for those who enjoy an active outdoor lifestyle.
Elswick has good access to the main road and motorway network.
The market town of Kirkham and the city of Preston are both within easy reach, providing an extensive range of shopping, leisure and educational facilities, together with fast rail links to Manchester, Liverpool and London.
The nearby M55 motorway offers convenient access across the Fylde Coast, including the coastal towns of Lytham, St Annes and Blackpool.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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
Agent & docs

FAQ
About High Street, Elswick, Preston, Lancashire
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