Summary - PARAGON HOUSE, 15, LORD STREET SOUTH WN7 1YB
1 bed 1 bath Commercial Property
Large freehold site with planning for 40 apartments near town amenities.
Freehold commercial building with vacant possession available
Planning permission for 9 apartments; pre-app for further 31 (total 40)
Very large plot offering layout and parking flexibility
Adjacent maintained green spaces and good road access
No flood risk; crime recorded as very low
Located in a deprived, 'Hampered aspiration' area — market caution advised
Building requires full conversion, internal reconfiguration and fit-out
Fast broadband and excellent mobile signal support modern living
This substantial freehold commercial building on Lord Street South offers a clear route to residential redevelopment for investors and developers. Existing permission for nine self-contained apartments is in place, with pre-application approval to extend the scheme to a total of 40 units, creating scale that can spread conversion costs and improve margin. The site sits close to Leigh town centre with good public transport links, fast broadband and excellent mobile signal — practical advantages for modern flats.
The property is currently vacant and sits on a very large plot adjacent to maintained green spaces and roads, giving flexibility over layout, parking or landscaping. The building’s mid‑20th century, largely industrial/office form suits conversion but will require full fit-out, statutory compliance works and likely internal reconfiguration to create high-quality residential accommodation.
Buyers should note local economic context: the wider area is classified as “Hampered aspiration” with higher deprivation, which may affect achievable rents or sales values and influence funding assumptions. There is no flood risk and recorded crime levels are very low, supporting long‑term residential appeal. The location benefits from several nearby schools rated Good and a broad range of amenities, from shops and supermarkets to healthcare and public transport.
In summary, this is a high-potential redevelopment site for a purchaser able to manage construction, planning and marketing in a challenging but improving urban market. The planning consents and large plot give opportunity for a substantial residential scheme; realistic budgets for conversion and local market positioning will be essential.
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