5 bedroom detached for sale

£400,000

5

Bedrooms

3

Bathrooms

Floorplan

CASH BUYERS ONLY.

Impressive Heritage Farmhouse & Barn Nestled in Roughly an Acre of Land.

This remarkable five-bedroom detached farmhouse sits on nearly an acre of land, in the desirable Bacup area. Featuring a spacious barn, beautiful gardens, and a recent extension, this property offers a versatile space perfect for buyers seeking a new project. The home is well-maintained with stunning original features, three bathrooms, and ample off-road parking, making it an ideal family residence.

HIGHLIGHTS
Indoor and Outdoor Space: Enjoy expansive indoor and outdoor areas.
Private Plot: Situated on a private plot with enviable gardens.
Barn: An impressive barn with five storage spaces and a re-roofed section, perfect for a large garage or converting into multiple apartments / house (STPP)
Convenient Location: Close to bus routes, local schools, amenities, and major motorway links.

GROUND FLOOR
Entrance Hallway: 5.38m x 2.16m (178 x 71)
Welcoming entry with Velux window, tiled flooring, and access to the bathroom.

Bathroom: 4.27m x 2.08m (14 x 610)
Features a panelled bath with electric shower, vanity top wash basin, dual flush WC, and tiled elevations.

Extension Room: 6.02m x 5.46m (199 x 1711)
Spacious area with windows, spotlights, plenty of sockets and plumbing for appliances. The idea of this room was to create a new kitchen area.

Reception Room One: 4.85m x 4.72m (1511 x 156)
Includes a gas fire with stone surround, stone flagged flooring, and doors leading to the inner hall and kitchen.

Kitchen: 5.13m x 3.30m (1610 x 1010)
Equipped with wall and base units, a Baumatic range cooker, and space for various appliances.

Inner Hall: 1.68m x 1.07m (56 x 36)
Leads to the second reception room and stairs to the first floor.

Lounge: 5.64m x 3.89m (186 x 129)
Features a multifuel burning stove, central heating radiators, and television point.

Cellar: 5.59m x 3.73m (184 x 123)
Contains power, light, central heating radiator, Worcester boiler, and water tank.

FIRST FLOOR
Landing: 6.20m x 5.59m (204 x 184)
Spacious with spotlights and access to bedrooms.

Master Bedroom: 4.39m x 4.09m (145 x 135)
Two windows, with stunning views over neighbouring countryside. Walk in wardrobe and ensuite.

Shower En Suite: 2.57m x 1.42m (85 x 48)
Fully tiled with spotlights and extractor fan.

Walk in Wardrobe: 1.68m x 1.42m (56 x 48)

Bedroom 2: 4.22m x 3.91m (1310 x 1210)
Spacious room with walk in wardrobe and shower en suite.

Shower En Suite: 2.06m x 1.24m (69 x 41)

Walk in Wardrobe: 1.35m x 1.24m (45 x 41)

Bedroom Three: 3.84m x 3.45m (127 x 114)

Bedroom Four: 3.91m x 2.31m (1210 x 77)

SECOND FLOOR
Bedroom Five: 5.59m x 4.09m (184 x 135)
Spacious room with central window and countryside views. There is another room (has been plaster boarded) ready to extend into, currently no direct door access to the other room however please see photo for reference of extra room.

BARN
Entrance Hallway: Measuring 7.32m x 5.72m (24 x 189'), this area features a hardwood entrance door, two hardwood single-glazed windows, power, lighting, stone-flagged flooring, and opens to the store room.

Store Room: At 4.19m x 3.25m (139' x 108') includes a hardwood single-glazed window, power, lighting, and access into the barn.

Barn: Spanning 13.84m x 10.74m (455' x 353'), the barn is equipped with four Velux windows, power, lighting, a ladder to a store room, a hardwood door to another store room, and steel barn doors at the front and rear.

Store Room: This space measures 9.68m x 5.46m (319' x 1711') and has doors leading to two additional rooms.

Room: Sized at 3.05m x 2.64m (10 x 88').

Room: Measuring 4.22m x 2.79m (1310' x 92').

External Features:

Gardens: Approximately, an acre of wrap-around gardens with composite decking, pond, large driveway and gated off-road parking.

Barn: Multiple storage rooms and a very large barn area, perfect for a small business or converting into another home or 4 apartments, subject to planning permission.

COUNCIL TAX
We can confirm the property is council tax band E - payable to Rossendale Borough Council.

TENURE
We can confirm the property is Freehold.

THE AREA
Bacup, located in the Rossendale Valley of Lancashire, England, is a historic town known for its rich industrial heritage and picturesque landscapes. Nestled among the Pennine hills, Bacup offers a charming blend of natural beauty and architectural history. The town flourished during the Industrial Revolution, becoming a significant hub for the cotton and woollen industries. This period of prosperity is still evident today in the many well-preserved Victorian buildings and old mills scattered throughout the area. Bacups cobbled streets, traditional stone houses, and unique character make it a fascinating destination for those interested in history and architecture.

In addition to its historical significance, Bacup is a vibrant community with a variety of amenities and cultural attractions. The town hosts numerous events and festivals throughout the year, celebrating its local traditions and fostering a strong sense of community. Bacup also boasts beautiful outdoor spaces, such as Stubbylee and Moorlands Parks, offering residents and visitors ample opportunities for recreation and relaxation. With its scenic surroundings, rich history, and friendly atmosphere, Bacup provides a unique and appealing living environment for those seeking a blend of rural charm and historical depth.

PLEASE NOTE
All measurements are approximate to the nearest 0.1m and for guidance only and they should not be relied upon for the fitting of carpets or the placement of furniture. No checks have been made on any fixtures and fittings or services where connected (water, electricity, gas, drainage, heating appliances or any other electrical or mechanical equipment in this property).

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 332700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 10000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 32700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

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  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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