Ashlands Lodge, 24 Turnpike, Newchurch, Rossendale, BB4 9DU

Description

A unique Victorian residence, Ashland’s Lodge gatehouse is a spacious, period detached home with driveway, garage and gardens. The property was recently advertised on the open market with an asking price of £325,000. Originally built as the Gatehouse to ‘Ashland’s’, the property boasts individual Victorian, bespoke architecture with a striking façade. The property is not listed.

Accommodation

Entrance porch, lounge, L-shaped kitchen, three bedrooms, en-suite shower room and bathroom. Accommodation listed as: Living Room; Kitchen; Bedroom One with en-suite shower room; Bedroom Two; Bedroom Three; Bathroom.

Location

Ashland’s Lodge has access to local amenities including schools, shops, supermarkets and regular public transport. Major commuter links include the M66, with Manchester and Bury within reach. Rawtenstall town centre is a short drive away, and Rossendale countryside provides opportunities for walking and outdoor pursuits.

Tenure / Property Information

Investment Analysis

The £325,000 recent asking price is the strongest direct value evidence. The £450,000 New Barn sale is not sufficiently comparable, while the subject’s older sales are historic. A base GDV of £325,000 is therefore indicative only, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Proceed only after reviewing the legal pack and inspecting condition. Do not rely on a BTL or flip strategy until rent, works and total acquisition costs are evidenced.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain inspection and legal-pack information before budgeting works; only property-specific maintenance identified after inspection should be allowed for.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £325,000 GDV, 75% refinance would be £243,750. Total project cost cannot be calculated because works, disbursements and other acquisition costs are unsupported.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rent and yield cannot be established. The 1.5% administration fee would be £3,375 at the £225,000 guide, subject to other unknown costs.

Flip Analysis

A flip assessment cannot be reliably quantified. The £325,000 asking price provides indicative resale evidence, but no supported works budget or selling-cost allowance is available.

Investor Risks & Due Diligence

• Rental income and yield cannot be established from the supplied evidence.

• Works and condition costs are unknown.

• Additional disbursements, seller costs, legal fees, transfer fees and search fees may be payable under the legal pack.

• The GDV relies primarily on a recent asking price rather than completed comparable evidence.

• The £450,000 comparable is identified as New Barn and may not be directly comparable.

Recommendation

Proceed only after reviewing the legal pack and inspecting condition. Do not rely on a BTL or flip strategy until rent, works and total acquisition costs are evidenced.

Strategy Rating

Analysis Confidence

There is direct asking-price evidence and basic property information, but no rental evidence, condition survey, works budget, full fees or sufficiently comparable recent subject sales.