Fulwood land sells for £575,000 to anonymous bidder

The land is intersected by Glencourse Drive Pic: Google

An auction bidding war has seen two parcels of land in Fulwood sell for £575,000.

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.

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“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.

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.”

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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