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Burnley Road, Rossendale, BB4 8hy - Image 1
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Burnley Road, Rossendale, BB4 8hy

West Midlands

£115,000
Listed on 01/11/2025

Property Details

Bedrooms
1
Type
Terraced house

Description

This property presents a promising opportunity for redevelopment, ideally situated along Burnley Road with convenient access to Rawtenstall town centre. The location is not only close to essential amenities but also within reach of reputable local schools and the X43 bus route, which provides direct connections to Manchester. Currently awaiting redevelopment, this site comes with approved planning permission for conversion into a one-bedroom dwelling. This approval opens the door for investors and developers to create a unique living space tailored to modern preferences. The potential for renovation here is significant, allowing for increased value and personalization in a desirable area of the Rossendale Valley. The property is being offered chain-free, making it an attractive option for cash buyers looking for their next project. With its combination of location advantages and development potential, this site stands out as a valuable asset for those in search of an investment opportunity.

Investment Analysis

(BB4 area)
Area Average
£233/sq ft
Avg Rent (weekly)
£179
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (BB4)

Area prices are stable by +0.2% over the last 12 months
3 year growth: 0.8%
5 year growth: 23.4%
Investment Disclaimer: Analysis based on BB4 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

Burnley Road, Rossendale, BB4 8hy
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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
£421
Based on a loan of £86,250 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