We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · BB4 7NQ
Sold STCListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Twin aspect, top floor apartment with south-facing balcony and parking.
Presenting this spacious two bedroom property in this sought-after development, with a series of arched windows, giving a rare sought after feature within Ilex Mill.
Featuring secure, allocated, under croft parking, take the lift or stairs to the second floor and follow the corridor around until you come to this apartment.
Upon entering there are stairs up to the hallway, which gives a pleasant buffer from the communal areas, which is a second unique feature.
Once into this apartment there is a large living room with open plan kitchen, semi-partitioned with a half wall.
here are twin aspects looking south over the river and west over the stone Victorian building in this bustling town centre and to the hills.
There is an inset balcony giving you a little bit of outside space, but the covered element, means that this is usable for more of the year and access can be gained from both the living room and one of the double bedrooms.
There are two generous double bedrooms, with bedroom one featuring modern fitted wardrobes as well as that balcony access and there is a modern, white family bathroom plus integrated storage off the hallway.
Anti-Money Laundering (AML) Checks - As part of making an offer, we're required by law to complete Anti-Money Laundering (AML) checks to confirm the identity of all purchasers.
To cover the cost of this process, a fee of £48 inc VAT per buyer is payable when your offer is accepted.
This is a standard requirement for all buyers and helps us ensure your offer can be progressed as quickly and smoothly as possible.
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
Agent & docs

FAQ
About Ilex Mill, Bacup Road, Rawtenstall, BB4
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