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Fernises Farm, OL10

North West

£1,350,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

Situated in the picturesque countryside between Bury and Rochdale, this property presents a notable investment opportunity with significant potential for renovation and development. Fernises Farm includes a two-storey brick farmhouse alongside various traditional and modern farm buildings that have previously housed dairy cattle. The farmhouse offers a functional layout comprising an entrance hall, multiple reception rooms, a kitchen, and three bedrooms on the first floor. With a gross internal area of 124m² (1,332ft²), the home is well-positioned to take advantage of panoramic south-facing views from its elevated position. The surrounding land encompasses approximately 48.75 acres of grassland, providing ample space for agricultural or residential endeavors. Notably, planning permissions may allow for the conversion of existing structures into residential units under local policies and Government Class Q regulations, indicating that there is potential to create additional dwellings from the on-site buildings. This property not only benefits from essential services like mains gas and electricity but also features a borehole water supply. Given its size and location, there is considerable scope for refurbishment to enhance both living spaces within the farmhouse and new constructions within the extensive grounds, making it an appealing acquisition for those looking to invest in rural development.

Investment Analysis

(OL10 area)
Area Average
£227/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £110,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (OL10)

Area prices are falling by +2.9% over the last 12 months
3 year growth: 6.6%
5 year growth: 38.5%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,945
Based on a loan of £1,012,500 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