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Lower Lane, Chinley, SK23

North West

£595,000
Listed on 28/03/2026

Property Details

Bedrooms
N/A
Type
Not Specified
Area
3562 sqft

Description

This distinctive former Co-operative Society building in Chinley represents a significant opportunity for transformation. Once the site of Jackson Carpets, this impressive structure spans approximately 3,562 sq. ft., making it an ideal candidate for an ambitious renovation. Whether envisioned as a high-yield investment project or a bespoke residential conversion, the potential here is vast. Boasting three levels of adaptable space, the ground floor features an expansive showroom filled with natural light, perfect for creating an open-plan living environment. The workshop area includes a generous 43ft internal garage that could be repurposed into additional living quarters or wellness amenities. The upper loft area offers intriguing angles and serene spaces that are suited for a luxury master suite. Additionally, the property includes a separate shop front with its own facilities—a promising avenue for generating rental income or seamlessly integrating into the main residence. Strategically located just moments from Chinley railway station and near the scenic trails of the Peak District National Park, this building offers both accessibility and leisure in one package. Plumbing is already established throughout all floors, and with a maintained exterior, much of the groundwork has been laid for your renovation vision to take flight. This is a rare chance to reimagine a notable landmark into something exceptional.

Investment Analysis

(SK23 area)

Below Market Value

This property is priced -46.5% below area average per sq ft

-46.5%
Potential saving
This Property
£167/sq ft
Area Average
£312/sq ft
Avg Rent (weekly)
£241
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£1,224,242
10% above area average per sq ft
Potential ROI
+44.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (SK23)

Area prices are rising by +2.1% over the last 12 months
3 year growth: +2.2%
5 year growth: +20.5%
Investment Disclaimer: Analysis based on SK23 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

Lower Lane, Chinley, SK23
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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
£2,146
Based on a loan of £446,250 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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