Worst House on the Street Logo
RED LUMB, Norden, Rochdale OL12 7TX - Image 1
RED LUMB, Norden, Rochdale OL12 7TX - Image 2

RED LUMB, Norden, Rochdale OL12 7TX

North West

£400,000
Listed on 27/03/2026

Property Details

Bedrooms
4
Type
Cottage
Area
2738 sqft

Description

This property presents a valuable investment opportunity featuring a row of four one-bedroom cottages in a charming semi-rural location. The cottages are ideally situated to tap into the growing demand for rental properties or holiday lets, offering potential for both immediate refurbishment and longer-term value enhancement. Each cottage comprises a living area, kitchen, bedroom, and bathroom, but all require extensive renovation to bring them up to modern standards. This gives investors a blank canvas to design and personalise these homes according to current market preferences. Nestled in a peaceful area that balances rural charm with accessibility to local amenities and transport links, these cottages are perfectly positioned for future growth. With the ability to develop characterful residences suitable for resale or conversion into rental units, this project promises significant potential for those willing to invest time and resources into the refurbishment process.

Investment Analysis

(OL12 area)

Below Market Value

This property is priced -34.3% below area average per sq ft

-34.3%
Potential saving
This Property
£146/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£120,000 - £180,000
Target Value
£669,222
10% above area average per sq ft
Potential ROI
+15.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (OL12)

Area prices are rising by +5.1% over the last 12 months
3 year growth: +15.5%
5 year growth: +31.2%
Investment Disclaimer: Analysis based on OL12 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

RED LUMB, Norden, Rochdale OL12 7TX
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,417
Based on a loan of £300,000 over 30 years at 3.91% 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.