Reed Street Development Site, Bacup, OL13

Overview

A freehold residential development site in Bacup, Rossendale, with a planning application submitted for six three-bedroom homes (ref 2025/0192, pending decision). A self-contained, development scheme in the Rossendale Valley.

Investment highlights

• Freehold residential development site
• Planning application submitted for six three-bedroom homes (ref 2025/0192)
• Self-contained development scheme
• Bacup, Rossendale Valley
• Ideal for a small developer
• Estimated GDV of £1.32mil, six three-bedroom homes benchmarked to nearby new-build sales (~£220k each), subject to consent

Location & demand

Reed Street’s setting is Bacup, the town at the head of the Rossendale Valley in Lancashire. It is a former mill settlement within commuting reach of Rochdale and Burnley, with Manchester further down the valley, and the site itself is a self-contained, freehold residential plot with a planning application submitted for six three-bedroom homes (ref 2025/0192, pending decision).

The proposal is squarely a family-housing scheme. The circa £220,000 per-unit figure behind the £1.32m estimated GDV is benchmarked to nearby new-build sales, subject to consent, and at six units the development sits at a scale well suited to a small developer taking on a single, self-contained site.

The numbers

Asking price	£280,000
Tenure	Freehold
Site type	Self-contained residential development site
Planning	Application submitted for six three-bedroom homes (ref 2025/0192, pending decision)
Proposed units	Six three-bedroom houses
Estimated GDV	£1.32m, subject to consent
GDV per unit	c. £220,000, benchmarked to nearby new-build sales