An auction bidding war has seen two parcels of land in Fulwood sell for £575,000.Advertisement
The sale price achieved for the land on the north side of Watling Street Road was more than ten times the lower freehold guide price.
The land was among 127 lots in the final auction of the year, held on Wednesday 15 December, by Clive Emson Land and Property Auctioneers.
Read more: Two freehold parcels of land up for auction in Fulwood
Director and Senior Auction Appraiser Sam Kinloch said: “This one really took off, with competitive bidding driving up the final sale price.
“There had been very strong interest beforehand, but the bidding was exceptional, making auctioneering at its best.
“We had considered that the land may hold future potential for residential or commercial development, subject to all necessary consents being obtainable, and our bidders agreed.”
The purchaser’s identity has not been revealed.
Concerned locals are now expecting to see an application to build houses on the land.
Read more: Disappointment at fresh housing plans for Harris Park
Bill Shannon, former Preston City Councillor for Ingol, is one such local.
He said: “We don’t know who the successful bidder was.
“It will take a while before we can find out via the Land Registry, but I think we can say whoever it is, they have very deep pockets and are deadly serious about building houses on the site.
“But that doesn’t mean they are going to win. We now need to look out for any signs of activity on the site, surveyors and the like – and make sure they do not block the footpaths etc.”
Read more: Harris Park campaign group apply for right of way access
The land, extending to approximately 3.13 hectares (7.75 acres), fronts the B6241, is intersected by Glencourse Drive and currently comprises open grassland with a mixture of trees and other shrubs.
Located on the eastern boundary, was a further parcel of land made up of the residual elements of a previous development offering further potential for valuable vehicular access to the land via Kingsmuir Avenue, subject to all necessary consents being obtainable.
The land has been identified within the Central Lancashire Local Plan, which is currently in its consultation phase.
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