Rare development opportunity in Greater Manchester!
Full planning permission in place
Situated in Rochdale – stunning location
Planning permission in place for 2 x 4-bedroom detached new house and conversion of listed buildings into 2 x 4 & 5 bed detached houses
To view planning application please click here Planning application number 22/00999/LBC
Builder and quote estimate in place for works
Fantastic residential location close to Rochdale Town Centre / strong resale and rental demand
Quick completion required
No stamp duty
Potential to sell or refinance in the future to release equity
No s106 to pay
Site has planning for conversion and part demolition of listed properties and barns to form the following -
New build Detached Property
3 beds on first floor and 1 bed on ground floor – Detached – 155 square metres plus garage – Estimated value worth £450,000-£500,000
New Build Detached Property
3 beds on first floor and 1 bed on ground floor – Detached – 168 square metres plus garage – Estimated value worth £550,000
Conversion of Listed Building 1
Detached – 5 bedroom - 207 square metres – Estimated value worth £650,000
Conversion of Listed Building 2
Detached – 4 bedroom - 230 square metres Estimated value worth £700,000
Potential total estimated market value worth approx. £2,475,000
Accommodation
New Build Detached Property (3 bed of FF & 1 bed on GF) - 1,667 sq ft
New Build Detached Property (3 bed of FF & 1 bed on GF) - 1,807 sq ft
Conversion of Listed Building 1 (5 bedroom) - 2,227 sq ft
Conversion of Listed Building 2 (4 bedroom) - 2,474 sq ft
Terms
Financial Breakdown
Cash Price agreed at just £635,000 for a quick sale
Development Costs approx - £850,000
Final Site Value (Estimated) - £2,475,000
Estimated Profit - £945,950
Stamp Duty - £0
Clauses
The land acquired comprises the existing listed building on site as well as two building plots
Under the transfer the whole site has rights to connect into services and has its own access on to the adopted highway at the top of the site
There are obligations affecting the listed building only which are as follows:
You or the owner of the land must commence the works to the listed building by 9 April 2025 and complete the works by 9 December 2026.
If the works are not commenced by 9 April 2025 or completed by 9 December 2026 then the seller can do one of the following:
(a) Complete the works themselves and recover the cost back from the land owner; or
(b) Require the transfer back to them of the listed building in the sum - confirmed through solicitors
Please note that this only affects the listed building land. The two building plots are not affected by the above provisions.
Under the transfer the whole site has rights to connect into services and has its own access on to the adopted highway at the top of the site.
Please note
This sale must be purchased along with the current company set up for this development.