Summary - 7, BACUP ROAD BB4 7NG
1 bed 1 bath Land
Rare town-centre redevelopment with approved plans for 42 luxury apartments.
- Full planning permission for 42 two-bedroom apartments with parking and gardens
- Town-centre location opposite new £3.5m bus station and transport hub
- Massive plot offering substantial development and landscaping scope
- Mains services believed connected; buyers must verify supply and capacity
- Medium flood risk — factor into design, insurance and groundworks costs
- Very high local crime rates — impacts rental demand and management costs
- Tenure listed as unknown; legal due diligence required before purchase
- Offers in excess of £1,200,000; allow budget for build-out and contingencies
A rare town-centre redevelopment with full planning consent for 42 two-bedroom apartments, opposite the new bus station and transport hub. The Heritage Arcade offers a large plot and dedicated car parking, creating strong rental and resale potential for investors or specialist developers targeting young professionals and couples.
Full planning permission (Rossendale BC ref 2020/0018, granted Jan 2021) covers conversion of the former picture house and shopping arcade into luxury 2-bed apartments with landscaped private gardens. Mains services are believed to be connected; purchasers must verify statutory service details and site conditions before exchange.
Key practical considerations: the site sits in a deprived area with very high local crime rates and a medium flood risk — factors that will affect insurance, management costs and tenant profiling. Tenure is stated as unknown and buyers should allow for legal, remediation and build-out costs when assessing total project viability.
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