House · SK23 7LG
For saleListed 2129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** A development opportunity *** An attractive stone detached building with lapsed planning permission for four two bedroom/two bath town houses.
(Application No hpk/2012/0217) which is located within a highly sought after location with panoramic views and a short walk to the Town and it's amenities including rail links.
This is a unique and rare opportunity to potentially develop this 1873 former Drill Hall/function hall/office/workshop which has lapsed planning permission for four two bedroom town houses with allocated parking and a superb countryside location above and overlooking the town of Whaley Bridge.
The Planning Permission granted in 2012 has now lapsed although the owner has been informed that renewal of this application would be favourable as some of the works had commenced.
The accommodation would offer modern living with sitting room, dining kitchens, two bedrooms and two bathrooms. There is provision for allocated off road parking.
There is small garden space at the rear and the views are spectacular.
The town is a ten minute walk with shops, cafes, schools, Peak Forest Canal at it's heart and a rail station with frequent links into Manchester and beyond. This offers is a very rare opportunity.
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 Drill Hall New Horwich Road, High Peak
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