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New Lane Pace, Banks, Southport

North West

£1,200,000
Listed on 04/10/2025

Property Details

Bedrooms
7
Type
Detached house
Area
13205 sqft

Description

This detached farmhouse set on approximately 4.75 acres presents a remarkable opportunity for both residential and commercial investment. Featuring seven spacious double bedrooms, the property includes a large business premises measuring 105 x 40 feet and the potential to convert an outbuilding into a four-bedroom bungalow, subject to planning consent. The main farmhouse consists of an entrance hallway, an open-plan kitchen and dining area, multiple reception rooms including a cinema room, utility space with shower, and several well-sized loft rooms that can serve various purposes. Additionally, there are detached stables and ample parking available. Notably, upgrades are underway with air-sourced heating being installed along with solar panels and an energy-efficient central heating system. This property not only offers generous living space but also boasts unrestricted planning permission for business use, making it ideal for those looking to capitalize on the commercial potential while enjoying the rural lifestyle.

Investment Analysis

(PR9 area)

Below Market Value

This property is priced -55.5% below area average per sq ft

-55.5%
Potential saving
This Property
£91/sq ft
Area Average
£204/sq ft
Avg Rent (weekly)
£191
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£2,967,560
10% above area average per sq ft
Potential ROI
+119.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
52%
Properties sold annually

Local Market Trend (PR9)

Area prices are rising by +2.8% over the last 12 months
3 year growth: +6.1%
5 year growth: +16.5%
Investment Disclaimer: Analysis based on PR9 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

New Lane Pace, Banks, Southport
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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
£4,328
Based on a loan of £900,000 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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