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Green End Road, Earby, Barnoldswick, BB18 - Image 1
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Green End Road, Earby, Barnoldswick, BB18

West Midlands

£299,950
Listed on 23/08/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1518 sqft

Description

This property presents a substantial renovation and investment opportunity in the village of Earby, known for its charming character and access to both Lancashire and Yorkshire. Currently, the home features three bedrooms along with a kitchen, sitting room, dining room, ground floor WC, and an attic bedroom that offers additional living space. A two-storey extension is in progress, adding further value to the property. One of the key highlights of this listing is the planning permission already secured for the construction of three single-story terraced dwellings on the expansive plot. The approved plans include a two-bedroom unit and two one-bedroom units, making this an excellent prospect for developers or investors looking to capitalize on the local housing market. Earby's location provides convenient access to major towns such as Skipton, which boasts a regular train service to Leeds and Bradford. The area is surrounded by beautiful countryside, enhancing its appeal as a residential choice. Furthermore, proximity to the M65 motorway at Colne ensures easy connectivity to regional hubs. Overall, this property not only offers a comfortable residence but also presents robust potential for redevelopment, catering to both individual buyers and investors aiming to tap into growing demand in this quaint village setting.

Investment Analysis

(BB18 area)

Above Market Value

This property is priced +10.2% above area average per sq ft

+10.2%
This Property
£198/sq ft
Area Average
£179/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£299,479
10% above area average per sq ft
Potential ROI
-14.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (BB18)

Area prices are rising by +4.1% over the last 12 months
3 year growth: 3.6%
5 year growth: 16.1%
Investment Disclaimer: Analysis based on BB18 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

Green End Road, Earby, Barnoldswick, BB18
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £224,962 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.

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