2 Bed Terraced House, Single Let, Bacup, OL13 8LP, £124,950

Bankfield Terrace, Stacksteads, Rossendale, OL13 8LP - 2 views - a year ago

Sold STC
Leasehold
BTL
ROI: 2%
~142 m²
+12 photos

ValuationUndervalued

Sold Prices£60K - £260K
Sold Prices/m²£684/m² - £4.3K/m²

 

 

Square Metres

~141.60 m²
Price/m²£882/m²

Value Estimate

£151,190
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,238

Stamp Duty & Legal Fees

£4,949

Total Cash In

£36,186

 

 

Cash Out

 

Rent Range

£495 - £1,000

Rent Estimate

£599

Running Costs/mo

£530

Cashflow/mo

£69

Cashflow/yr

£825

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £60K to £260K, average is £95K. £684/m² to £4.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£83K03/210.01 mi31, Bankfield Street, Bacup, Lancashire OL13 8LW2
£108K12/200.05 mi10, Greenbank, Stacksteads, Bacup, Lancashire OL13 8LQ2
£82.5K04/210.07 mi14, Brearley Street, Bacup, Lancashire OL13 8LJ2
£122K07/210.08 mi12, Miles Avenue, Bacup, Lancashire OL13 0UB2
£60K11/200.08 mi1, Commercial Street, Stacksteads, Bacup, Lancashire OL13 0UA2
£85K11/210.08 mi5, Brearley Street, Stacksteads, Bacup, Lancashire OL13 8LJ2
£154.9K12/230.09 mi199, Newchurch Road, Bacup, Lancashire OL13 0UE2
£88K02/230.09 mi207, Newchurch Road, Bacup, Lancashire OL13 0UE2
£95K09/230.09 mi3, Dale Street, Stacksteads, Bacup, Lancashire OL13 0QZ2
£98K10/230.11 mi1, Clegg Street, Stacksteads, Bacup, Lancashire OL13 0RB2
£105K02/230.13 mi27, Herbert Street, Stacksteads, Bacup, Lancashire OL13 0TY2
£112K07/230.13 mi21, Herbert Street, Stacksteads, Bacup, Lancashire OL13 0TY2
£82.5K11/200.14 mi29, Plantation Street, Bacup, Lancashire OL13 0QX2
£110K08/230.15 mi1, George Street, Stacksteads, Bacup, Lancashire OL13 0RF2
£110K01/230.16 mi1, Stansfield Street, Stacksteads, Bacup, Lancashire OL13 0RT2
£67K08/210.16 mi15, David Street, Stacksteads, Bacup, Lancashire OL13 0TT2
£85K02/230.16 mi30, David Street, Stacksteads, Bacup, Lancashire OL13 0TT2
£95K06/230.16 mi3, David Street, Stacksteads, Bacup, Lancashire OL13 0TT2
£77.5K10/200.16 mi1, Stansfield Street, Bacup, Lancashire OL13 0RT2
£85K06/230.16 mi18, Tunstead Road, Stacksteads, Bacup, Lancashire OL13 0RU2
£119.5K03/210.18 mi11, Tunstead Road, Stacksteads, Bacup, Lancashire OL13 0RU2
£65K02/210.18 mi16, Church Street, Bacup, Lancashire OL13 0RW2
£70K02/210.18 mi18, Church Street, Bacup, Lancashire OL13 0RW2
£78K10/210.18 mi29, Primrose Street, Bacup, Lancashire OL13 0RR2
£80K09/210.18 mi13, Primrose Street, Bacup, Lancashire OL13 0RR2
£94.5K09/230.18 mi15, Primrose Street, Stacksteads, Bacup, Lancashire OL13 0RR2
£67.5K03/240.18 mi6, South Villas, Bacup, Lancashire OL13 0RJ2
£70K07/230.19 mi17, Primrose Bank, Stacksteads, Bacup, Lancashire OL13 0RX2
£96K01/240.22 mi22, Lord Avenue, Stacksteads, Bacup, Lancashire OL13 0RY2
£95K10/200.23 mi29, Blackwood Court, Stacksteads, Bacup, Lancashire OL13 0BD2
£110K04/210.23 mi25, Blackwood Court, Stacksteads, Bacup, Lancashire OL13 0BD2
£120K08/230.24 mi8, Hardman Terrace, Bacup, Lancashire OL13 0HL2
£100K02/210.25 mi4, Brunswick Terrace, Bacup, Lancashire OL13 0HD2
£90K04/210.25 mi18, Brunswick Terrace, Bacup, Lancashire OL13 0HD2
£82.5K09/230.25 mi3, Old Kiln, Stacksteads, Bacup, Lancashire OL13 0EW2
£132K02/210.27 mi11, Springhill Avenue, Bacup, Lancashire OL13 0HQ2
£158.5K09/230.27 mi11, Springhill Avenue, Stacksteads, Bacup, Lancashire OL13 0HQ2
£90K10/220.29 mi180, Newchurch Road, Bacup, Lancashire OL13 0EE2
£75K10/210.32 mi168, Newchurch Road, Bacup, Lancashire OL13 0EE2
£126.5K06/220.33 mi77, Cutler Lane, Stacksteads, Bacup, Lancashire OL13 0HW2
£180K06/230.36 mi16, Western Court, Stacksteads, Bacup, Lancashire OL13 0SU2
£188K07/230.36 mi28, Western Court, Stacksteads, Bacup, Lancashire OL13 0SU2
£160K11/220.36 mi2, Western Court, Stacksteads, Bacup, Lancashire OL13 0SU2
£84K04/210.37 mi43, Unsworth Street, Stacksteads, Bacup, Lancashire OL13 0JH2
£73K04/210.37 mi6, Atherton Street, Bacup, Lancashire OL13 0LJ2
£75K02/230.41 mi62, Cutler Lane, Stacksteads, Bacup, Lancashire OL13 0HW2
£99K10/200.43 mi52, Barlow Street, Bacup, Lancashire OL13 0QD2
£115K11/200.43 mi4, Rook Hill Road, Stacksteads, Bacup, Lancashire OL13 0NF2
£260K03/230.45 miCherry Bank, 1, Four Lane Ends Road, Stacksteads, Bacup, Lancashire OL13 0TB2
£137.5K05/220.46 mi8, Lee Road, Stacksteads, Bacup, Lancashire OL13 0EA2

Local Rents

26 rents from £495/mo to £1K/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£65007/240.02 miHuttock End Lane, Bacup2
£69511/240.07 mi-2
£65012/230.12 mi-2
£69503/250.12 mi-2
£85003/250.14 mi-2
£65006/240.15 miNewchurch Road, Stacksteads, Bacup2
£67503/250.16 mi-2
£65002/240.16 mi-2
£69508/240.16 mi-2
£62502/240.17 mi-2
£60007/240.18 miPrimrose Street, Bacup, Lancashire, OL132
£59506/240.18 mi-2
£59512/240.18 mi-2
£75009/240.2 mi-2
£75004/240.25 mi-2
£65009/240.29 mi-2
£65011/240.29 mi-2
£65006/240.3 mi-2
£67501/240.34 mi-2
£75006/240.36 mi-2
£69502/250.36 mi-2
£1,00001/250.36 mi-2
£69503/250.36 mi-2
£65001/250.4 mi-2
£49508/240.41 mi-2
£69501/250.48 mi-2

Local Area Statistics

Population in OL13

15,293

Town centre distance

1.64 miles away

Nearest school

0.10 miles away

Nearest train station

4.76 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £124,950

December 18, 2023

Floor Plans

Description

  • 4 Storeys +
  • 3 Reception Rooms +
  • 2 Bedrooms & Large Loftroom +
  • Large Private Gardens +
  • Quiet Residential Road +
  • No Vendor Chain +
  • 2 miles from Rawtenstall +
  • Council Tax Band A. EPC:71C +
  • 999yr lease from 24/12/1868 +
  • Ground Rent £5.85 per annum +

Four-storey, Victorian back-to-back terraced property, with large private garden, on a quiet residential street in the heart of Stacksteads. Boasting three reception rooms, two bedrooms and a large loft room, plus stylish fitted kitchen, modern white bathroom and cellar storage space. Sold with no vendor chain, please call Ryder & Dutton to arrange a viewing. EPC:C

Presenting this delightful Victorian stone property with spacious accommodation over four floors, on a quiet pedestrianised residential street. In the heart of Stcksteads and sold with no vendor chain, enter this property mid-level via a charming stone balcony. A new composite front door leads into a porch and on into a spacious +200sqft lounge, with amazing, period, stone flagged flooring, plus a gas fire and large front window. To the side the stone flooring continues into an 80sqft dining room with stairs leading down to additional living space, or up to the two top floors.

On the lower ground floor the living room is a 200sqft reception room, with a door and window giving views and access to the generous gardens, whilst a period range cooker sits at the far end of the room, with tiled terracotta flooring. An open doorway leads into an attractive grey, fitted kitchen with space for appliances, a modern combination boiler in the corner and a window with garden view. Off both the lounge and hallway, doors lead into two useful cellar spaces, ideal for storage.

Off the first-floor landing there are doors into two bedrooms and the bathroom. Bedroom one is a large 170sqft double bedroom, with front window and built-in double wardrobe. The three-piece bathroom sits between the bedrooms and features a panel bath, W.C., wash hand basin and a front window. Bedroom two is well apportioned at around 80sqft and was previously being used as a large dressing room for the loft room, which is accessed via a door and stairway off the rear of the room. The loft room is a magnificent 230sqft space with vaulted ceilings, a series of four Velux windows and four pairs of doorways that give access to the almost 100sqft of eaves storage space.

A superb spacious home with gardens, close to schools including the highly regarded grammar school, countryside walks are close by and the popular town of Rawtenstall just a couple of miles away with easy access to the M66/ Manchester from there.

From Bankfield Street, take the ginnel, after no.21 and head along the stone balcony. This property is the second house on the right-hand side.

This property is connected to main services.

Agent Details

Ryder & Dutton, Rawtenstall

01706 335859

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪