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Residential Development Opportunity for Sale – 54/56 Water Street, Earby, BB18 6RA - Image 1
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Residential Development Opportunity for Sale – 54/56 Water Street, Earby, BB18 6RA - Image 5
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Residential Development Opportunity for Sale – 54/56 Water Street, Earby, BB18 6RA - Image 9

Residential Development Opportunity for Sale – 54/56 Water Street, Earby, BB18 6RA

West Midlands

£345,000
Listed on 12/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property represents an intriguing investment opportunity featuring a collection of traditional stone structures with full planning permission to convert them into three distinct cottages. Situated in the desirable town of Earby, just a short drive from Colne and conveniently accessible via the M65, this location benefits from a good mix of local amenities including a primary school, grocery store, and various dining options. The site previously functioned as workshop premises and has already seen some preliminary work under the granted planning permissions since 2014. Key modifications include new window openings and internal subdivisions that have received approval from local authority building control. This property stands ready for an investor or developer to either complete construction per the existing plans or to alter the layout to meet specific needs, pending any necessary planning adjustments. The approved design outlines three separate units spread over three floors, offering versatile living spaces: - **Unit 1** features two bedrooms, a bathroom on the ground floor, and an open plan living area on the first floor, totaling approximately 80m² (861 sq ft). - **Unit 2** boasts three bedrooms (one en suite) and additional facilities across its more extensive layout of about 129m² (1388 sq ft). - **Unit 3** offers ample space with three bedrooms and multiple living areas within its generous footprint of around 150m² (1614 sq ft). Externally, there are private seating areas alongside shared pedestrian access for Units 1 & 2. The property is connected to essential services such as electricity, water, and drainage. As it stands vacant with freehold tenure, it provides immediate possession opportunities upon completion.

Investment Analysis

(BB18 area)
Area Average
£188/sq ft
Avg Rent (weekly)
£182
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
51%
Properties sold annually

Local Market Trend (BB18)

Area prices are rising by +5.5% over the last 12 months
3 year growth: +2.2%
5 year growth: +22.4%
Investment Disclaimer: Analysis based on BB18 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

Residential Development Opportunity for Sale – 54/56 Water Street, Earby, BB18 6RA
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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
£1,244
Based on a loan of £258,750 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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