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Eastwood Lane, Todmorden, West Yorkshire - Image 1
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Eastwood Lane, Todmorden, West Yorkshire

North West

£750,000
Listed on 15/05/2024

Property Details

Bedrooms
5
Type
Detached house
Area
2495 sqft

Description

This distinctive Grade II listed stone dwelling presents a unique opportunity for renovation and investment, nestled within the scenic South Pennines. The property features a classic double-fronted design that dates back to the 18th century and is characterized by charming elements such as chamfered mullion windows, vaulted stone ceilings, and original plasterwork. While in need of refurbishment, this five-bedroom home offers a blank canvas for those eager to infuse their personal style. Occupying approximately 7 acres, the property includes an attached stone barn lacking a roof structure, presenting excellent potential for a variety of uses. Whether one envisions extending the living space or converting it into a workspace, there are numerous possibilities that could be explored with the appropriate planning consents. Additional outbuildings on site further enhance its appeal for storage or future development. The layout of the home features an entrance hallway that leads to inviting communal spaces such as a dining room with large windows overlooking the front garden and beyond. A log-burning stove adds warmth and character to both the dining room and kitchen, which is equipped with traditional base and wall-mounted units alongside ample storage areas. Notably, a pantry with beautiful stone flagged worktops underscores the property's historical charm. The first floor includes five spacious bedrooms filled with natural light from mullion windows, each showcasing unique architectural details. A well-appointed family bathroom complements this level, while an expansive attic space offers additional possibilities for conversion into living quarters or an independent suite. Externally, the gardens predominantly consist of lawns bordered by mature flower beds and trees, providing serene outdoor settings. The surrounding grassland meadow not only enhances privacy but also opens up opportunities for equestrian activities or small-scale agriculture. With proximity to vibrant market towns like Todmorden and Hebden Bridge, along with convenient commuting options to larger cities including Leeds and Manchester via direct rail links, this property stands out as a compelling investment opportunity. For those looking to blend rural tranquility with substantial development potential, this residence invites exploration and creativity in its redevelopment journey.

Investment Analysis

(OL14 area)

Above Market Value

This property is priced +50.8% above area average per sq ft

+50.8%
This Property
£301/sq ft
Area Average
£199/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£547,253
10% above area average per sq ft
Potential ROI
-45.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (OL14)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 4.7%
5 year growth: 23.9%
Investment Disclaimer: Analysis based on OL14 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

Eastwood Lane, Todmorden, West Yorkshire
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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
£2,747
Based on a loan of £562,500 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