5 Bed Semi-Detached House, Planning Permission, Rossendale, BB4 9RB, £1,250,000





ValuationOvervalued
Sold Prices | £250K - £975K |
Sold Prices/m² | £1.4K/m² - £6K/m² |
| |
Square Metres | ~178.28 m² |
Price/m² | £7K/m² |
Value Estimate | £371,843£371,843 |
| |
End Value (After Refurb) | £399,342£399,342 |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £312,500£312,500 |
Stamp Duty & Legal Fees | £104,950£104,950 |
Refurb Costs | £75,583£75,583 |
Bridging Loan Interest | £32,813£32,813 |
Total Cash In | £527,595£527,595 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £399,342£399,342 |
Mortgage (After Refinance) | £299,506£299,506 |
Mortgage LTV | 75%75% |
Cash Left In | £527,595£527,595 |
Equity | £99,835£99,835 |
Rent Range | £500 - £3,000£500 - £3,000 |
Rent Estimate | £987 |
Running Costs/mo | £1,465£1,465 |
Cashflow/mo | £-478£-478 |
Cashflow/yr | £-5,740£-5,740 |
Gross Yield | 1%1% |
Local Sold Prices
28 sold prices from £250K to £975K, average is £441.3K. £1.4K/m² to £6K/m², average is £2.1K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£255K | 11/22 | 0.91 mi | 894, Burnley Road East, Rossendale, Lancashire BB4 9PQ | £2,179 | 117 | 5 | Semi-Detached House | |
£485K | 01/21 | 1.17 mi | Oak Tree Barn, Coal Pit Lane, Rossendale, Lancashire BB4 9SA | £1,909 | 254 | 5 | Detached House | |
£352.5K | 04/21 | 1.68 mi | 3, Beaufort Road, Weir, Bacup, Lancashire OL13 8RL | £1,549 | 228 | 5 | Detached House | |
£395K | 01/21 | 1.68 mi | 1, Beaufort Road, Bacup, Lancashire OL13 8RL | £1,881 | 210 | 5 | Detached House | |
£420K | 09/22 | 1.68 mi | 7, Beaufort Road, Weir, Bacup, Lancashire OL13 8RL | £2,105 | 200 | 5 | Detached House | |
£560K | 03/21 | 1.88 mi | Yew Tree Farm, Heald Lane, Weir, Bacup, Lancashire OL13 8QZ | - | - | 5 | Detached House | |
£500K | 12/20 | 2.08 mi | 191, Edgeside Lane, Edgeside, Rossendale, Lancashire BB4 9TY | £2,066 | 242 | 5 | Detached House | |
£510K | 04/21 | 2.2 mi | 7, Barley Holme Road, Crawshawbooth, Rossendale, Lancashire BB4 8AX | £2,455 | 208 | 5 | Semi-Detached House | |
£270K | 02/21 | 2.26 mi | 24, Maden Road, Bacup, Lancashire OL13 8HY | £1,929 | 140 | 5 | Detached House | |
£285K | 02/21 | 2.26 mi | 16, Maden Road, Bacup, Lancashire OL13 8HY | - | - | 5 | Detached House | |
£470K | 11/20 | 2.3 mi | 11, Beechwood Drive, Rawtenstall, Rossendale, Lancashire BB4 8DX | £2,186 | 215 | 5 | Detached House | |
£580K | 02/21 | 2.33 mi | 499, Newchurch Road, Cloughfold, Rossendale, Lancashire BB4 7TG | £2,057 | 282 | 5 | Detached House | |
£455K | 06/21 | 2.4 mi | 5, Loveclough Park, Loveclough, Rossendale, Lancashire BB4 8QA | £2,826 | 161 | 5 | Detached House | |
£350K | 11/20 | 2.4 mi | 24, Loveclough Park, Loveclough, Rossendale, Lancashire BB4 8QA | £1,817 | 193 | 5 | Detached House | |
£475K | 04/21 | 2.42 mi | The Grange, Higher Constable Lee, Rossendale, Lancashire BB4 8TF | £2,794 | 170 | 5 | Detached House | |
£795K | 10/22 | 2.46 mi | 2, Holly Tree Close, Reedsholme, Rossendale, Lancashire BB4 8LR | £2,713 | 293 | 5 | Detached House | |
£432.5K | 03/21 | 2.49 mi | 8, Springbank Gardens, Goodshaw, Rossendale, Lancashire BB4 8UH | £2,012 | 215 | 5 | Detached House | |
£266.5K | 01/21 | 2.53 mi | 21, Oakenclough Road, Bacup, Lancashire OL13 9ET | £2,317 | 115 | 5 | Semi-Detached House | |
£350K | 06/21 | 2.58 mi | 236, Newchurch Road, Rossendale, Lancashire BB4 7QX | - | - | 5 | Semi-Detached House | |
£470K | 11/21 | 2.59 mi | 11, Greenbank Park, Rawtenstall, Rossendale, Lancashire BB4 7SY | £2,528 | 186 | 5 | Detached House | |
£450K | 02/21 | 2.6 mi | 16, Lee Brook Close, Constable Lee, Rossendale, Lancashire BB4 8ET | £2,113 | 213 | 5 | Terraced House | |
£300K | 06/21 | 2.66 mi | 13, Brandwood Park, Bacup, Lancashire OL13 0PA | - | - | 5 | Detached House | |
£660K | 11/22 | 2.75 mi | Damfield Barn, Burnley Road, Cliviger, Burnley, Lancashire BB10 4SH | £1,838 | 359 | 5 | Detached House | |
£415K | 03/21 | 2.84 mi | 16, Thanet Lee Close, Cliviger, Burnley, Lancashire BB10 4UE | £2,331 | 178 | 5 | Detached House | |
£606K | 04/23 | 2.89 mi | Sheephouse Barn, Higher Greens, Bacup, Lancashire OL13 0JS | - | - | 5 | Semi-Detached House | |
£380K | 10/21 | 2.91 mi | 7, Walk Mill Place, Cliviger, Burnley, Lancashire BB10 4UB | - | - | 5 | Detached House | |
£975K | 02/23 | 2.91 mi | Mount Cottage, Mount Lane, Cliviger, Burnley, Lancashire BB10 4TW | £6,015 | 162 | 5 | Detached House | |
£250K | 03/21 | 2.97 mi | 2a, Lee View, Bacup, Lancashire OL13 9RF | £1,359 | 184 | 5 | Detached House |
Local Rents
51 rents from £500/mo to £3K/mo, average is £800/mo.
Rent | Date | Distance | Address | Beds | Type | |
£550 | 11/23 | 0.31 mi | - | 1 | Terraced House | |
£550 | 09/24 | 0.31 mi | - | 1 | Terraced House | |
£695 | 12/24 | 0.39 mi | Burnley Road East, Water, Rossendale | 2 | Terraced House | |
£725 | 04/25 | 1.32 mi | - | 2 | Terraced House | |
£800 | 09/24 | 1.39 mi | - | 3 | Terraced House | |
£750 | 06/24 | 1.57 mi | Burnley Road, Bacup | 2 | Terraced House | |
£1,100 | 02/24 | 1.57 mi | - | 3 | Bungalow | |
£1,100 | 06/24 | 1.57 mi | - | 3 | Bungalow | |
£1,100 | 06/24 | 1.57 mi | Kateholm, Bacup, OL13 | 3 | Flat | |
£1,200 | 07/24 | 1.57 mi | - | 3 | Bungalow | |
£1,100 | 06/24 | 1.57 mi | Kateholm, Bacup, OL13 | 3 | Bungalow | |
£1,595 | 08/24 | 1.58 mi | Burnley Road, Bacup | 4 | Detached House | |
£850 | 02/24 | 1.6 mi | - | 2 | Terraced House | |
£1,000 | 03/25 | 1.6 mi | - | 3 | Semi-Detached House | |
£795 | 06/24 | 1.63 mi | Plantation View, Weir, Bacup | 3 | Terraced House | |
£2,000 | 08/24 | 1.68 mi | Beaufort Road, Bacup, Lancashire, OL13 | 5 | Detached House | |
£1,350 | 12/24 | 1.72 mi | - | 5 | Terraced House | |
£2,500 | 03/25 | 1.72 mi | - | 6 | Terraced House | |
£900 | 12/24 | 1.77 mi | - | 3 | Semi-Detached House | |
£850 | 12/24 | 1.77 mi | - | 3 | Terraced House | |
£795 | 12/23 | 1.77 mi | - | 3 | Terraced House | |
£595 | 03/25 | 1.93 mi | - | 3 | Terraced House | |
£500 | 06/24 | 1.95 mi | - | 2 | Terraced House | |
£675 | 03/25 | 1.95 mi | - | 2 | Terraced House | |
£800 | 08/24 | 1.96 mi | Brown Street, Bacup | 2 | Terraced House | |
£575 | 01/24 | 1.96 mi | - | 3 | Terraced House | |
£600 | 10/23 | 1.96 mi | - | 3 | Terraced House | |
£600 | 10/23 | 1.96 mi | - | 3 | Terraced House | |
£725 | 07/24 | 1.98 mi | Blackthorn Terrace, Bacup, Lancashire, OL13 | 2 | Terraced House | |
£850 | 03/25 | 2.01 mi | - | 3 | Terraced House | |
£550 | 06/24 | 2.03 mi | - | 2 | Terraced House | |
£550 | 06/24 | 2.04 mi | Albert Terrace, Bacup, OL13 | 2 | Terraced House | |
£750 | 06/24 | 2.05 mi | - | 4 | Terraced House | |
£820 | 07/24 | 2.05 mi | - | 4 | Terraced House | |
£725 | 03/25 | 2.08 mi | - | 2 | Terraced House | |
£800 | 12/24 | 2.11 mi | 99 Goodshaw Avenue North, Loveclough | 2 | Flat | |
£795 | 03/25 | 2.12 mi | - | 2 | Terraced House | |
£850 | 12/24 | 2.12 mi | Bridleway, Rossendale, Lancashire, BB4 | 3 | Terraced House | |
£995 | 12/24 | 2.13 mi | Wales Road, Rossendale, Lancashire, BB4 | 3 | Detached House | |
£545 | 02/24 | 2.13 mi | - | 2 | Terraced House | |
£3,000 | 12/24 | 2.14 mi | Woodside, Crawshawbooth, Rossendale, BB4 8AY | 5 | Detached House | |
£650 | 11/24 | 2.16 mi | - | 2 | Terraced House | |
£825 | 12/24 | 2.16 mi | Burnley Road, Rawtenstall, BB4 | 2 | Terraced House | |
£995 | 02/24 | 2.17 mi | - | 3 | Terraced House | |
£995 | 12/24 | 2.17 mi | School Street, Rossendale, BB4 | 3 | Terraced House | |
£750 | 12/24 | 2.19 mi | Chapel Street, Crawshawbooth, Rossendale, Lancashire, BB4 | 2 | Terraced House | |
£2,000 | 12/24 | 2.2 mi | Sunnyside Close, Reedsholme, Rossendale | 5 | Detached House | |
£1,200 | 12/24 | 2.2 mi | - | 2 | Flat | |
£775 | 06/24 | 2.21 mi | - | 3 | Terraced House | |
£700 | 04/24 | 2.21 mi | - | 3 | Terraced House | |
£800 | 06/24 | 2.21 mi | Acorn Street, Bacup, OL13 | 3 | Terraced House |
Local Area Statistics
Population in BB4 | 41,13741,137 |
Town centre distance | 3.44 miles away3.44 miles away |
Nearest school | 0.30 miles away0.30 miles away |
Nearest train station | 3.91 miles away3.91 miles away |
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Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +16%+16% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +26%+26% |
Property History
Listed for £1,250,000
October 17, 2024
Floor Plans



Description
- Springhill Farm, Dean Lane, Water, Rossendale +
- 5 Bedroom 3 Bathroom, Semi Detached Farmhouse +
- Large Rear Garden/Paddock & Gated Driveway Parking +
- Detached Barn WITH PLANNING TO CONVERT To 3 Bed Home +
- Riding Arena & Approximately 8 Acres In Total +
- A Complete Estate In An Excellent Position +
- VIEWING IN-PERSON ESSENTIAL +
- Contact Us To View - By Appointment Only +
Springhill Farm, Water, BB4 9RB is a complete estate, offered for sale comprising a beautiful 5 bedroom 3 bathroom semi-detached farmhouse, detached barn WITH PLANNING PERMISSION FOR CONVERSION TO 3 BED HOME, large garden / paddock, 30x25 riding area and approximately 8 acres in total. Positioned in lovely, semi-rural surroundings overlooking its beautiful country setting, the property has views out to distant hillsides, while still being convenient for easy access to amenities. With such a wealth of features providing a real "best of all", this property is truly, a unique proposition and ideal fit for buyers looking for that elusive complete package.
Sitting just off Dean Lane in Water, Rossendale, Springhill Farm is a complete estate, including a 5 bedroom 3 bathroom, semi-detached farmhouse home which offers good size accommodation of over 1,900 sqft. With one of those bedrooms on the ground floor and having its own en-suite, (one of 3 bathrooms in all), plus its own direct external access too, this property also offers flexibility and versatility too.
Presentation is excellent throughout, with the spacious Lounge and fantastic Farmhouse Kitchen two real highlights, while the bedrooms are a good size and the whole home, has a welcoming feel with some superb retained character features too. Moving outside, there is ample parking provision, a fenced front garden area and to the rear, surprisingly generous decking and garden / paddock and 30x25 riding arena, all set within approximately 8 acres in total.
This property really is a wonderful opportunity for those seeking semi-rural living on the edge of open countryside, with character, great presentation, a sense of space, lovely outlooks, a fantastic setting, superb further development potential and convenient access to both amenities and transport routes nearby.
In addition to the Farmhouse itself, the estate also offers a huge opportunity to develop further, as the detached barn has already passed planning permission, for conversion into a separate, 3 bedroom 3 bathroom detached home with ample living space in a superb contemporary layout. Not to be underestimated, this element in itself offers great scope to add value to the whole.
Internally, the Farmhouse briefly comprises:
Entrance Porch, Breakfast Kitchen, Lounge, Conservatory, Dining Room, Downstairs Bedroom 5 with En-Suite Bathroom, Utility Room, Boot Room and Rear Covered Porch.
Externally, the property is accessed via gated Driveway Parking and has a Front Garden, large Rear Garden / Paddock, Decking Area, 30x25 Riding Arena and Detached Barn With Planning Permission for conversion to 3 bedroom home. As a whole, approximately 8 acres are encompassed within the estate.
Positioned in a semi-rural setting and adjacent to superb open countryside, Springhill Farm offers excellent access to picturesque surroundings and open countryside. Also convenient for good links to surrounding towns and within easy reach of both commuter connections and public transport links, the property still retaining a genuine "country" feel, with lovely outlooks.
Porch - 1.44m x 4.92m (4'9" x 16'2") -
Kitchen/Breakfast Room - 3.58m x 5.67m (11'9" x 18'7") -
Lounge - 5.60m x 4.42m (18'4" x 14'6") -
Conservatory - 2.52m x 5.36m (8'3" x 17'7") -
Dining Room - 3.56m x 2.75m (11'8" x 9'0") -
Utility Room - 1.86m x 2.97m (6'1" x 9'9") -
Bedroom 5 - 4.49m x 4.38m (14'9" x 14'4") -
En-Suite Bathroom - 2.71m x 1.87m (8'11" x 6'2") -
Boot Room - 1.36m x 2.01m (4'6" x 6'7") -
Covered Rear Porch -
Landing With Store - 2.98m x 4.90m (9'9" x 16'1") -
Bedroom 1 - 4.27m x 2.81m (14'0" x 9'3") -
En-Suite Shower Room - 1.20m x 2.61m (3'11" x 8'7") -
Bedroom 2 - 3.84m x 3.00m (12'7" x 9'10") -
Bedroom 3 - 3.46m x 3.50m (11'4" x 11'6") -
Bedroom 4 - 2.04m x 3.58m (6'8" x 11'9") -
Bathroom - 2.49m x 1.64m (8'2" x 5'5") -
Land - Up to 5 acres is available by separate negotiation.
Front Garden -
Gated Driveway Parking -
Detached Barn - WITH PLANNING PERMISSION FOR CONVERSION TO 3 BEDROOM HOUSE ALREADY IN PLACE
Rear Garden / Paddock -
30 X 25 Riding Arena -
Further Land - Approximately 8 acres in total.
Agents Notes - Council Tax: Band 'E'
Tenure: Freehold
We are informed that the property is connected to all mains services.
Stamp Duty: 0% up to £250,000, 5% of the amount between £250,001 & £925,000, 10% of the amount between £925,001 & £1,500,000, 12% of the remaining amount above £1,500,000. For some purchases, an additional 3% surcharge may be payable on properties with a sale price of £40,000 and over. Please call us for any clarification on the new Stamp Duty system or to find out what this means for your purchase.
Disclaimer F&C - Unless stated otherwise, these details may be in a draft format subject to approval by the property's vendors. Your attention is drawn to the fact that we have been unable to confirm whether certain items included with this property are in full working order. Any prospective purchaser must satisfy themselves as to the condition of any particular item and no employee of Fine & Country has the authority to make any guarantees in any regard. The dimensions stated have been measured electronically and as such may have a margin of error, nor should they be relied upon for the purchase or placement of furnishings, floor coverings etc. Details provided within these property particulars are subject to potential errors, but have been approved by the vendor(s) and in any event, errors and omissions are excepted. These property details do not in any way, constitute any part of an offer or contract, nor should they be relied upon solely or as a statement of fact. In the event of any structural changes or developments to the property, any prospective purchaser should satisfy themselves that all appropriate approvals from Planning, Building Control etc, have been obtained and complied with.