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Bank Street, Rossendale, BB4

West Midlands

£280,000
Listed on 09/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2849 sqft

Description

This prominent three-storey stone building, dating back to 1932, is situated in a highly accessible area of Rawtenstall. With significant exposure on both Bank Street and St. Mary's Way, this property offers a compelling opportunity for forward-thinking investors or those interested in alternative residential uses. Currently part income-generating and equipped with residential planning consent, it stands as a potential investment gem waiting for the right vision. Upon entering, you are greeted by the building's distinctive character and historical features. The ground floor showcases large windows and lofty ceilings that invite an abundance of natural light, making it suitable for retail or commercial enterprises. Meanwhile, the upper levels boast a flexible layout ideal for conversion—be it into modern residential apartments or office spaces. Its robust stone construction offers a solid foundation for renovations while preserving its classic appeal. The location is one of the property's standout attributes, providing easy access to major commuter routes via the A682 and A681 alongside reliable public transport options. Whether opting for a mixed-use development strategy or a complete transformation into residential units, the building’s close proximity to Rawtenstall’s vibrant town centre enhances its attractiveness. This classic property not only features a characterful exterior but also opens doors to various redevelopment possibilities in a desirable vicinity. This building represents an exceptional canvas ready to be reimagined—perfect for those looking to invest in a unique renovation project.

Investment Analysis

(BB4 area)

Below Market Value

This property is priced -57.9% below area average per sq ft

-57.9%
Potential saving
This Property
£98/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£179
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£731,609
10% above area average per sq ft
Potential ROI
+82.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (BB4)

Area prices are stable by +0.2% over the last 12 months
3 year growth: 0.8%
5 year growth: 23.4%
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

Bank Street, Rossendale, BB4
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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
£1,026
Based on a loan of £210,000 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