Rose Terrace, Preston, PR2

Property Details: - Type: Semi-detached house - Bedrooms: 7 - Bathrooms: 2

Agent: Edward Mellor - Auction Phone: 0161 219 8534

<p>TO BE SOLD BY ONLINE AUCTION ON THE 12TH - 13TH AUGUST UNLESS SOLD PRIOR UNDER AUCTION TERMS</p><p>10 Rose Terrace, Ashton-on-Ribble, Preston, PR2 1EB</p><p><br/></p><p>An outstanding development opportunity to acquire a substantial 7 bedroom period property on a generous plot. The seller has advised that a planning application has been submitted for the conversion into seven self-contained studios and apartments. Planning reference 06/2026/0475. Subject to the final specification, the completed scheme is understood to have the potential to generate an estimated gross rental income of approximately £58,000 per annum. The substantial rear plot also offers further development potential, subject to the necessary planning consents. Interested parties should make their own enquiries with the local planning authority regarding the status of any application.</p><p><br/></p><p>The property is understood to have been stripped back in preparation for the proposed conversion whilst retaining a number of attractive period features, including original coloured leaded windows. It also benefits from a garage, outbuildings and ample off-road parking.</p><p><br/></p><p>Ideally positioned for Preston City Centre, the University of Central Lancashire (UCLan), Royal Preston Hospital and excellent transport links, the property is well placed to serve the strong student and professional rental market, where demand for quality self-contained accommodation remains consistently high.</p><p><br/></p><p>A rare value-add opportunity for developers and investors to complete the proposed conversion and explore the potential of the generous rear plot, subject to the necessary planning consents.</p>