1-bedroom flat · BB4 7JU
Listing removedListed 200 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description Located in the picturesque Rossendale Valley, this selection of quality, executive apartments in a characterful converted Victorian vicarage, present a unique opportunity to live in this beautiful building.
The Cloisters is located adjacent to St James's Church, only a short walk from the amenities in Waterfoot Village, and a mile from Rawtenstall Town Centre with its cobbled main street, lovely stone buildings, and traditional market.
Consisting of 6 apartments, 2 on each floor - four with 2 bedrooms, two with 1 bedroom. Each apartment has its own unique features and character.
The 2 ground floor apartments each have a private entrance. The remaining four are accessed through a beautifully restored large hallway and staircase.
These first and second floor apartments have intercom systems for efficient access control, and enhanced security.
The apartments have been finished to a very high standard, containing convenient features such as electric sockets with usb ports, dimmer switches on a selection of light fittings, dual shower-heads including rainfall showers, quality kitchen units from a local kitchen specialist, incorporating integrated fridge/ freezer, washing machine, electric oven and ceramic hob.
Quality carpets with enhanced underlay throughout, plus stylish wooden venetian blinds or fabric roman blinds dressing the windows.
Architectural stone pillars frame the entrance to the grounds of The Cloisters, leading to ample private parking within.
Only 1 apartment still available, a top floor one bedroom We are seeking a professional person or couple for these delightful homes.
If interested in viewing, please head to our website and complete the "Viewing Application" form. Council Tax Band: Tbc (Rossendale Borough Council) Deposit: £980 Holding Deposit: £195
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 The Cloisters, Bacup Road, Rossendale
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