Worst House on the Street Logo
New Horwich Road, Whaley Bridge, High Peak - Image 1
New Horwich Road, Whaley Bridge, High Peak - Image 2
New Horwich Road, Whaley Bridge, High Peak - Image 3
New Horwich Road, Whaley Bridge, High Peak - Image 4
New Horwich Road, Whaley Bridge, High Peak - Image 5
New Horwich Road, Whaley Bridge, High Peak - Image 6
New Horwich Road, Whaley Bridge, High Peak - Image 7
New Horwich Road, Whaley Bridge, High Peak - Image 8
New Horwich Road, Whaley Bridge, High Peak - Image 9

New Horwich Road, Whaley Bridge, High Peak

North West

£375,000
Listed on 01/03/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This distinctive stone building, once a Drill Hall and later serving as a multi-purpose facility, presents a unique renovation and investment opportunity. Originally constructed in 1873, the property has lapsed planning permission for the development of four two-bedroom townhouses, making it an appealing canvas for those looking to create modern residential units in a desirable location. Nestled in a tranquil area with stunning panoramic views, this property is just a short walk from the amenities of Whaley Bridge. The town boasts a range of shops, cafes, and schools, as well as access to the scenic Peak Forest Canal and convenient rail connections to Manchester and beyond. Its prime position not only enhances its value but also makes it attractive for future residents seeking both convenience and natural beauty. With initial planning permission granted in 2012—now expired—the potential to renew this application exists due to some preliminary work already completed on-site. The proposed design includes spacious living areas that encompass sitting rooms, dining kitchens, two bedrooms, and two bathrooms along with designated off-road parking. Additionally, there is a small garden space at the rear where future owners can enjoy their surroundings. This property offers significant potential for investors or developers looking to contribute to the local housing market while capitalizing on the charm of this picturesque area. The combination of historical significance and contemporary living possibilities make this an ideal project for those ready to realize its potential.

Investment Analysis

(SK23 area)
Area Average
£305/sq ft
Avg Rent (weekly)
£240
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SK23)

Area prices are rising by +6.4% over the last 12 months
3 year growth: 8.7%
5 year growth: 31.6%
Investment Disclaimer: Analysis based on SK23 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

New Horwich Road, Whaley Bridge, High Peak
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,374
Based on a loan of £281,250 over 30 years at 4.19% 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE