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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 17/10/2024

Property Details

Bedrooms
5
Type
Semi Detached

Description

This expansive estate offers a unique investment opportunity with its semi-detached farmhouse featuring five bedrooms and three bathrooms, alongside a detached barn that comes with planning permission for conversion into a three-bedroom home. Covering approximately eight acres, this property boasts picturesque views of the surrounding countryside and includes a riding arena, large garden/paddock space, and ample parking. While the farmhouse is in good condition with charming character features, potential buyers will find significant scope for enhancement and expansion, especially with the approved plans for the barn conversion. The setting provides both tranquility and convenience to local amenities, making it an attractive option for those looking to invest in semi-rural living with development potential.

Investment Analysis

(BB4 area)
Area Average
£232/sq ft
Avg Rent (weekly)
£206
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (BB4)

Area prices are stable by -0.5% over the last 12 months
3 year growth: +3.9%
5 year growth: +20.5%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£4,460
Based on a loan of £937,500 over 30 years at 3.97% 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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