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Fernises Farm, OL10

North West

£1,350,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

Nestled in a rural locale between Bury and Rochdale, Fernises Farm presents a substantial investment opportunity. This property comprises a two-storey brick-built farmhouse alongside various traditional and modern agricultural buildings, all set on approximately 1.18 acres of land with an impressive total of around 48.75 acres of grassland. The farmhouse offers functional living spaces with potential for modernisation, featuring three bedrooms, multiple reception rooms, and panoramic south-facing views that enhance its appeal. The adjoining farm buildings are in good condition and present viable options for conversion into residential units, potentially accommodating up to five additional dwellings under current planning policies. Moreover, the property benefits from essential amenities and easy access to major motorways, making it strategically located for future development or personal use. With mains utilities including gas and water already in place, this site holds significant promise for renovation and transformation.

Investment Analysis

(OL10 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£237
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (OL10)

Area prices are falling by -3.3% over the last 12 months
3 year growth: +5.0%
5 year growth: +34.9%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,869
Based on a loan of £1,012,500 over 30 years at 4.06% 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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