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Dean Lane, Water, Rossendale, BB4

West Midlands

£725,000
Listed on 13/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
2120 sqft

Description

Nestled in the scenic Rossendale countryside, this expansive stone farmhouse offers a unique investment opportunity. With approximately 6 acres of land, this property not only features a spacious four-bedroom cottage but also includes an attached barn and two large outbuildings currently used for kennel purposes. The existing layout provides various possibilities for modification, including the potential to create additional living spaces or even a second dwelling, subject to planning permission. The surrounding area is accessible via well-maintained roads and is close to local amenities such as Water primary school and public transport links facilitating travel to nearby towns. The property's active license for kennels opens avenues for business ventures like boarding facilities or dog daycare services. Given its proximity to the Pennine Bridleway and stunning views, there’s ample prospect for equestrian use as well. The generous outdoor spaces feature a training paddock, gardens, and an orchard, making this location ideal for those wanting to immerse in rural living while having business potential at their doorstep. This property truly requires vision and creativity to unlock its full potential.

Investment Analysis

(BB4 area)

Above Market Value

This property is priced +48.0% above area average per sq ft

+48.0%
This Property
£342/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£538,809
10% above area average per sq ft
Potential ROI
-33.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (BB4)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +2.9%
5 year growth: +21.6%
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

Dean Lane, Water, Rossendale, BB4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,568
Based on a loan of £543,750 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.

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