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Schofield Road, Rossendale, Lancashire, BB4

West Midlands

£160,000

Listed on 01/07/2026

Property details

Bedrooms
2
Type
End Of Terrace

Description

This extended three-bedroom stone terrace house, located within a short walk from Rawtenstall Town Centre, presents a significant opportunity for modernisation. Spread across three floors, this property offers ample space and character, making it an excellent candidate for transformation into a desirable family home or an investment project. Each room showcases views of the surrounding area, enhancing its appeal. The ground floor comprises a welcoming lounge and spacious dining area connected to the kitchen, while the first floor accommodates a large double bedroom, a generous single bedroom, and a family bathroom. The second floor features an expansive attic room, ripe for conversion into a luxurious master suite with an en-suite bathroom or potentially two additional bedrooms, subject to planning permission. Although the property requires comprehensive updating throughout to realise its full potential, it has been priced appropriately to attract buyers ranging from first-time homeowners to seasoned investors looking for refurbishment opportunities with promising resale or rental prospects. Situated conveniently close to local amenities — including independent shops, restaurants, and well-regarded schools — this property's location is further enhanced by easy access to transport links leading to major towns such as Manchester and Burnley. Additionally, outdoor enthusiasts will appreciate the nearby scenic countryside along with various walks and cycling routes in Rossendale Valley. Properties of this caliber in such a convenient setting are seldom on the market for long. Early viewing is advised to explore the remarkable possibilities that await.

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Investment analysis

(BB4 area)
Area Average
£230/sq ft
Avg Rent (weekly)
£199
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (BB4)

Area prices are falling by -2.9% over the last 12 months
3 year growth: +0.3%
5 year growth: +17.2%
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

Schofield Road, 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
£604
Based on a loan of £120,000 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.

Stamp duty calculator

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