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Burnley Road East, Water, Rossendale, BB4 - Image 1
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Burnley Road East, Water, Rossendale, BB4 - Image 5

Burnley Road East, Water, Rossendale, BB4

West Midlands

£119,995
Listed on 03/07/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
570 sqft

Description

This charming period end-of-terrace cottage is situated on the cusp of stunning open countryside, offering an excellent opportunity for those seeking a renovation project with substantial investment potential. Located in the desirable village of Water, part of Rossendale's semi-rural landscape, this property appeals particularly to builders and investors looking to enhance its value. The cottage benefits from a newly replaced roof and modern windows, providing a solid base for further improvements. Inside, the layout features a welcoming entrance hallway leading to a cozy living room with unobstructed views to the front. The rear kitchen offers direct access to a generous tiered garden, perfect for outdoor activities or potential extensions (subject to planning permission). On the first floor, two bedrooms and a family bathroom provide essential accommodation that could be modernized. The large garden is an attractive highlight, having been acquired separately by the current owners, ensuring privacy and ample space for landscaping or entertaining. This property not only offers comfortable living but also promises growth prospects in value through thoughtful refurbishment in an area known for its vibrant community and convenience to local amenities. With excellent transport links to Rawtenstall and Manchester city centre just under an hour away by car or public transport, this is a unique chance to create your dream home amidst picturesque surroundings.

Investment Analysis

(BB4 area)

Below Market Value

This property is priced -8.8% below area average per sq ft

-8.8%
Potential saving
This Property
£211/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£144,806
10% above area average per sq ft
Potential ROI
-9.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
85%
Properties sold annually

Local Market Trend (BB4)

Area prices are rising by +3.0% over the last 12 months
3 year growth: +3.0%
5 year growth: +22.1%
Investment Disclaimer: Analysis based on BB4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Burnley Road East, Water, Rossendale, BB4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£433
Based on a loan of £89,996 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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