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Alder Bank, Rossendale, Lancashire, BB4

West Midlands

£85,000

Listed on 04/06/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This mid-terrace stone property in Rawtenstall offers a compelling renovation opportunity for those looking to invest and add value. Located just a short walk from the town center, the property has been vacant for several years and now needs thorough refurbishment throughout. This presents a blank canvas for buyers eager to modernize and customize the space according to their vision. The layout includes an entrance vestibule that flows into a spacious lounge, with a kitchen area leading to a utility space and access to an enclosed rear yard featuring brick-built storage outbuildings. On the first floor, the principal bedroom is generously sized alongside a family bathroom, while a staircase ascends to an attic room previously used as additional sleeping accommodation with useful eaves storage. Rawtenstall is well-regarded for its community amenities, including shops, restaurants, schools, and excellent transport links via the A56/M66 corridor making it convenient for commuters. The surrounding natural landscapes also offer recreational opportunities. Given the property's substantial scope for improvement and its attractive entry price point in today’s market, this is an ideal project not only for investors but also for builders and ambitious owner-occupiers seeking to create their perfect home.

Investment Analysis

(BB4 area)
Area Average
£232/sq ft
Avg Rent (weekly)
£190
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £70,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (BB4)

Area prices are stable by -1.2% over the last 12 months
3 year growth: +2.8%
5 year growth: +19.9%
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

Alder Bank, Rossendale, Lancashire, BB4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£321
Based on a loan of £63,750 over 30 years at 4.45% 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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