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Ridings Cottage, Bacup Road, Burnley, Lancashire, BB11 - Image 1
Ridings Cottage, Bacup Road, Burnley, Lancashire, BB11 - Image 2
Ridings Cottage, Bacup Road, Burnley, Lancashire, BB11 - Image 3
Ridings Cottage, Bacup Road, Burnley, Lancashire, BB11 - Image 4
Ridings Cottage, Bacup Road, Burnley, Lancashire, BB11 - Image 5

Ridings Cottage, Bacup Road, Burnley, Lancashire, BB11

West Midlands

£325,000
Listed on 09/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

Nestled away from the A671 in a slightly elevated position, this stone-built cottage currently features two bedrooms and includes various outbuildings, all set within approximately three-quarters of an acre. The property presents significant renovation and investment potential, particularly given the recent planning approval granted by Burnley Borough Council (Application no FUL/2024/0434) for the demolition of the existing structure and the construction of a new dwelling. The approved plans propose a thoughtfully designed home that maximizes scenic views over open countryside while offering spacious living areas spread across two levels. The ground floor is planned to encompass three double bedrooms, including one with an en-suite bathroom, family bathroom, utility room, and an additional single bedroom that would be ideal for use as a home office. Upstairs, a generous open-plan kitchen, dining, and living area creates a central gathering space complemented by a cozy snug for quieter moments. Furthermore, the master suite with its own en-suite is conveniently situated on this upper level. This property not only provides an opportunity to craft a bespoke residence but also enables future owners to infuse their personal style and character into the design—subject to applicable planning requirements. Located in a semi-rural area close to Burnley, this plot offers easy accessibility to essential amenities such as supermarkets, schools at both primary and secondary levels, dining options, and local services. Its proximity to major transport links makes it attractive for both families seeking a peaceful lifestyle and commuters needing access to larger urban centers. Current services include mains electricity; however, drainage is managed via a septic tank that is reportedly not compliant with general binding rules. Potential buyers will need to install their own borehole for water consumption. It's important for interested parties to conduct their own due diligence regarding service conditions. Additionally, please note there is a restrictive covenant stipulating that the property is designated solely for single residential dwelling use; this will be applicable to future owners as well. This presents an opportunity not just for renovation but also long-term investment in an evolving area with growth potential.

Investment Analysis

(BB11 area)
Area Average
£127/sq ft
Avg Rent (weekly)
£142
Avg Yield
5.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (BB11)

Area prices are rising by +4.1% over the last 12 months
3 year growth: 6.6%
5 year growth: 45.9%
Investment Disclaimer: Analysis based on BB11 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

Ridings Cottage, Bacup Road, Burnley, Lancashire, BB11
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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
£1,191
Based on a loan of £243,750 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