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Fernises Farm, OL10

North West

£1,350,000
Listed on 16/05/2025

Property Details

Bedrooms
3
Type
Detached

Description

Nestled in the rural landscape between Bury and Rochdale, Fernises Farm presents a notable opportunity for renovation and development. This property features a well-maintained two-storey farmhouse alongside a mix of traditional and modern farm buildings, all set on approximately 48.75 acres of grassland. The farmhouse itself, offering three spacious bedrooms, multiple living areas, and a kitchen with larder, provides a solid foundation for modernization or transformation. With panoramic views to the south, the aesthetic appeal is undeniable. The adjoining farm structures hold immense potential for conversion; local planning policies support adapting these buildings into commercial or residential spaces. Particularly interesting is the possibility of utilizing the traditional brick range and detached stone barn for additional dwellings. Recent government initiatives such as Class Q also allow for modern barns to be transformed into residential units. Based on initial assessments, there's scope here to create up to five additional homes, significantly enhancing the investment value of this property. Additionally, basic services including mains gas and electric are already connected, although attention will need to be given to drainage solutions which currently do not meet compliance standards. This offers both challenges and an exciting canvas for future enhancement.

Investment Analysis

(OL10 area)
Area Average
£231/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (OL10)

Area prices are stable by -1.2% over the last 12 months
3 year growth: +7.4%
5 year growth: +37.9%
Investment Disclaimer: Analysis based on OL10 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

Fernises Farm, OL10
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£4,781
Based on a loan of £1,012,500 over 30 years at 3.91% 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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