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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 28/12/2025

Property Details

Bedrooms
5
Type
Semi-detached house

Description

This expansive estate presents a compelling opportunity for buyers seeking a blend of residential comfort and investment potential. The property features a spacious five-bedroom, three-bathroom semi-detached farmhouse that boasts over 1,900 sqft of living space. One of the ground-floor bedrooms is complemented by an en-suite and external access, offering versatility for various living arrangements. The interior showcases excellent presentation, with highlights including a generous lounge and an inviting farmhouse kitchen, alongside well-proportioned bedrooms that retain charming character elements. In addition to the main residence, the estate includes a detached barn that comes with planning permission for conversion into a modern three-bedroom home, enhancing the property's value significantly. This conversion provides an attractive opportunity for further development or rental income in this semi-rural location. Surrounded by picturesque countryside, the estate encompasses approximately 8 acres of land, featuring generous outdoor space including a fenced garden area, decking, and a riding arena measuring 30x25. Conveniently located near transport links and essential amenities while maintaining a tranquil rural atmosphere, this property stands out as an exceptional find with extensive potential for both personal use and investment growth.

Investment Analysis

(BB4 area)
Area Average
£233/sq ft
Avg Rent (weekly)
£179
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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

Dean Lane, Water, Rossendale - Farmhouse, Planning Permission For Barn Conversion & 8 Acres
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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
£4,579
Based on a loan of £937,500 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