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Dean Lane, Water, Rossendale - Farmhouse, Planning Permission For Barn Conversion & 8 Acres - Image 1
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Dean Lane, Water, Rossendale - Farmhouse, Planning Permission For Barn Conversion & 8 Acres

West Midlands

£1,250,000
Listed on 22/10/2024

Property Details

Bedrooms
5
Type
Semi-detached house

Description

This property presents a remarkable opportunity for those interested in a semi-rural lifestyle paired with significant renovation and investment potential. The estate features a spacious five-bedroom, three-bathroom semi-detached farmhouse, offering over 1,900 square feet of living space and an inviting atmosphere throughout. The farmhouse retains several charming character features, providing a unique backdrop for modern updates. One of the bedrooms is conveniently located on the ground floor and includes an en-suite bathroom with independent external access. This arrangement enhances versatility, making it suitable for guests or multi-generational living. Key spaces such as the large lounge and traditional farmhouse kitchen serve as focal points for family gatherings. Externally, the property boasts extensive grounds that encompass approximately eight acres, including a generous rear garden and paddock area. A purpose-built riding arena measuring 30x25 adds to the allure for equestrian enthusiasts or those looking to create outdoor recreational spaces. Ample parking is available via a gated driveway, ensuring ease of access. A standout feature of this estate is the detached barn which comes with approved planning permission for conversion into a separate three-bedroom home. This aspect not only provides immediate additional living space but also represents a significant investment opportunity to enhance overall property value while creating a potential rental income stream. Situated just off Dean Lane in Water, Rossendale, the property offers easy access to local amenities while maintaining its tranquil, countryside appeal. Proximity to public transportation links facilitates commuting to nearby towns and cities, making it an attractive option for buyers seeking both rural charm and urban convenience. Overall, this estate combines spacious living with substantial development potential in an idyllic setting—a rare find that invites creative renovation projects while providing ample room for outdoor activities or agriculture. Whether you're looking to settle into a character-rich home or explore further development options, this property stands out as a compelling investment choice.

Investment Analysis

(BB4 area)
Area Average
£228/sq ft
Avg Rent (weekly)
£183
Avg Yield
3.4%

Renovation Potential

Est. Renovation Cost
£125,000 - £312,500
10-25% of property value
Monthly Sales
43
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (BB4)

Area prices are rising by +3.7% over the last 12 months
3 year growth: 8.4%
5 year growth: 31.2%
Investment Disclaimer: Analysis based on BB4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Dean Lane, Water, Rossendale - Farmhouse, Planning Permission For Barn Conversion & 8 Acres
Map showing location of Dean Lane, Water, Rossendale - Farmhouse, Planning Permission For Barn Conversion & 8 Acres
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