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Coppice Lane, Heapey, Chorley, Lancashire

North West

£1,000,000
Listed on 04/01/2025

Property Details

Bedrooms
3
Type
Detached house
Area
4190 sqft

Description

Situated on the outskirts of the charming hamlet of White Coppice, this property presents a remarkable renovation and investment opportunity. Known as Tootals Farm, it has been in the same family since 1953 and stands as one of the last undeveloped farmsteads in an area known for its natural beauty. The home is nestled amidst picturesque landscapes with expansive views across three elevations, offering a serene backdrop that includes nearby moors. A short five-minute walk along a footpath leads to the renowned White Coppice Cricket Field, often celebrated as one of Lancashire's most scenic cricket grounds. The surrounding environment boasts an array of walking and bridle paths that trace the Goit waterway from Rivington to Brinscall, making it an ideal setting for outdoor enthusiasts. This property boasts significant potential for redevelopment. It could serve as a foundation for creating a collection of high-value residential units or be transformed into a unique bespoke family home. The existing farmhouse, which sits at the front of the plot, features traditional stone construction under a flagged roof. Inside, it offers a kitchen, living room, three bedrooms, and a bathroom over two levels but requires comprehensive modernization and refurbishment throughout. There is also potential for reconfiguration or extension, subject to planning approval. In addition to the farmhouse, the property includes a large double-height stone barn with a side extension that benefits from northeast exposure and another double-height stone barn situated at the western edge of the site that offers stunning open views. A separate concrete block foundation workshop adds further possibilities for alternative uses. The entire plot encompasses approximately 1.32 acres of gardens and grounds, providing ample space for various outdoor activities while maintaining privacy through shared access with only a few other users. Additionally, there is an option to acquire up to 14.84 acres (6 hectares) of agricultural land by separate negotiation. Overall, this property represents a rare chance to invest in one of the final remaining rural development sites in this tranquil area—an opportunity not to be overlooked for those looking to make their mark in real estate or seeking an expansive lifestyle retreat.

Investment Analysis

(PR6 area)

Above Market Value

This property is priced +5.2% above area average per sq ft

+5.2%
This Property
£239/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£200
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£1,045,321
10% above area average per sq ft
Potential ROI
-6.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
28%
Properties sold annually

Local Market Trend (PR6)

Area prices are falling by +3.5% over the last 12 months
3 year growth: 5.1%
5 year growth: 18.8%
Investment Disclaimer: Analysis based on PR6 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

Coppice Lane, Heapey, Chorley, Lancashire
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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
£3,663
Based on a loan of £750,000 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