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See how verdicts work2-bedroom flat · BB4 7NQ
Listing removedListed 123 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ilex Mill, Rawtenstall is a smartly presented, second floor, 2 bedroom apartment located in the heart of Rawtenstall and within a short drive to the motorway network.
The property includes secure parking and views over the cricket club from the private balcony.
The apartment is offered for sale with no onward chain and benefits from double glazing and electric heating.
The accommodation briefly comprises; entrance hall, spacious and open plan lounge/dining & kitchen area, fitted kitchen including appliances, two double bedrooms and bathroom.
Council Tax Band D Rossendale/Leasehold Property unexpired term of 999 years/Service Charge £140 pm Ground Rent £75 pa Hallway (1.03 x 8.63 m) Spacious hallway with useful storage cupboards.
Lounge & Kitchen (7.48 x 6.02 m) This spacious open-plan lounge and kitchen is a striking room with large double-glazed windows allowing in ample natural light and offering views over the Rawtenstall CC.
The ceiling is a standout feature, with exposed brick vaulted arches creating character and a sense of history.
The kitchen area is fitted with pale wood style cabinetry and practical worktops, designed in a u-shape with integrated appliances including an oven and electric hob, providing a functional cooking space that flows seamlessly into the living area with access onto the private balcony.
Bedroom (4.17 x 3.60 m) Window to the front and access onto the balcony. Bedroom (4.9 x 2.72) Window to the front and access onto the balcony.
Bathroom (2.03 x 3.17 m) Briefly comprising, wc, wash hand basin and panel bath with shower over, tiled elevations, window to the rear.
Outside there are private parking facilities and a large communal roof top decked garden area.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 202, Ilex Mill, Rawtenstall
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