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Grimeshaw Lane, Bulk, Lancaster, Lancashire - Image 1
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Grimeshaw Lane, Bulk, Lancaster, Lancashire

North West

£675,000
Listed on 02/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
3243 sqft

Description

This property presents a unique opportunity for those seeking a smallholding with significant renovation and investment potential. Set within 37 acres of grassland and amenity land, the property offers a blend of rural charm and accessibility, located just 0.5 miles from junction 34 of the M6 motorway. Lancaster city center, with its array of amenities and services, is conveniently situated a little over two miles away. Moorside Farm is structured to accommodate various development possibilities. The existing farmhouse requires considerable modernization, providing an ideal canvas for buyers interested in creating their vision. Alternatively, there’s valid planning consent for the demolition of the current structure and construction of a new three-storey dwelling that includes an annex and garage. Proposed plans feature an expansive layout with multiple living spaces, ensuring ample room for both family life and entertaining. In addition to the farmhouse, there are traditional stone buildings on-site that hold potential for alternate uses, such as conversion into residential units or other functional spaces. Previous planning consent was granted for a large four-bedroom barn conversion which reflects the property’s strong adaptability to various investment strategies. There are also modern portal frame buildings available that can be repurposed depending on the buyer's requirements. The surrounding land is a key highlight of this offering, characterized by level terrain classified as grade 3 agricultural land under DEFRA regulations. This opens up numerous opportunities for farming or recreational use while being encircled by the property's boundaries—providing privacy and security. Prospective buyers should also be aware of a proposed solar farm nearby which may influence future development plans; full details can be found through local planning resources. For those looking to invest in a property with extensive renovation options and development prospects in an attractive rural location, Moorside Farm holds considerable promise.

Investment Analysis

(LA1 area)

Below Market Value

This property is priced -8.4% below area average per sq ft

-8.4%
Potential saving
This Property
£208/sq ft
Area Average
£227/sq ft
Avg Rent (weekly)
£218
Avg Yield
5.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£811,026
10% above area average per sq ft
Potential ROI
-12.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
48
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LA1)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 5.5%
5 year growth: 22.1%
Investment Disclaimer: Analysis based on LA1 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

Grimeshaw Lane, Bulk, Lancaster, Lancashire
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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
£2,473
Based on a loan of £506,250 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