2 Bed Terraced House, Single Let, Accrington, BB5 0EX, £75,500

Spring Hill Road, Accrington, Lancashire, BB5 0EX - 2 views - a year ago

BTL
ROI: 4%
~68 m²

ValuationOvervalued

Sold Prices£44.5K - £164K
Sold Prices/m²£342/m² - £2.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£67,686

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,875

Stamp Duty & Legal Fees

£3,465

Total Cash In

£22,340

 

 

Cash Out

 

Rent Range

£550 - £650

Rent Estimate

£419

Running Costs/mo

£340

Cashflow/mo

£79

Cashflow/yr

£951

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £44.5K to £164K, average is £73.5K. £342/m² to £2.4K/m², average is £994/m².

PriceDateDistanceAddressBeds 
£70K03/230.03 mi13, Pickup Street, Accrington, Lancashire BB5 0EY2
£62K12/200.07 mi14, Spring Hill Road, Accrington, Lancashire BB5 0EX2
£68K12/210.09 mi36, Spring Street, Accrington, Lancashire BB5 0HF2
£47K11/200.1 mi55, Spring Street, Accrington, Lancashire BB5 0HE2
£55K08/230.11 mi36, Sharples Street, Accrington, Lancashire BB5 0HQ2
£62K03/230.11 mi38, Edleston Street, Accrington, Lancashire BB5 0HG2
£127K04/210.13 mi15, Apple Tree Way, Oswaldtwistle, Accrington, Lancashire BB5 0FB2
£70K03/230.18 mi78, Lonsdale Street, Accrington, Lancashire BB5 0HJ2
£72K07/210.18 mi4, Queen Street, Oswaldtwistle, Accrington, Lancashire BB5 3DQ2
£67K01/210.21 mi3, South Shore Street, Church, Accrington, Lancashire BB5 0DZ2
£164K11/200.24 mi12, Oakfield Crescent, Oswaldtwistle, Accrington, Lancashire BB5 3AD2
£90K08/210.26 mi24, Haworth Street, Oswaldtwistle, Accrington, Lancashire BB5 3EA2
£96K11/200.27 mi5, Paddock Street, Oswaldtwistle, Accrington, Lancashire BB5 3HJ2
£128K09/210.3 mi77, Lord Street, Oswaldtwistle, Accrington, Lancashire BB5 3EF2
£92K03/230.3 mi63, Lord Street, Oswaldtwistle, Accrington, Lancashire BB5 3EF2
£66K12/200.3 mi56, Exchange Street, Accrington, Lancashire BB5 0JD2
£80K03/210.33 mi177, Richmond Road, Accrington, Lancashire BB5 0JB2
£131K03/230.33 mi12, Cecil Street, Oswaldtwistle, Accrington, Lancashire BB5 3HF2
£110K02/230.33 mi27, Alleytroyds, Church, Accrington, Lancashire BB5 0DU2
£50K03/230.34 mi3, Milton Street, Oswaldtwistle, Accrington, Lancashire BB5 3LZ2
£91.5K12/200.36 mi38, Rhyddings Street, Oswaldtwistle, Accrington, Lancashire BB5 3ER2
£95K11/210.36 mi22, Milton Street, Oswaldtwistle, Accrington, Lancashire BB5 3LZ2
£66K02/210.36 mi7, Milton Street, Oswaldtwistle, Accrington, Lancashire BB5 3LZ2
£122K02/230.36 mi8, Chapel Street, Oswaldtwistle, Accrington, Lancashire BB5 3EP2
£75K05/230.37 mi7, Chapel Street, Oswaldtwistle, Accrington, Lancashire BB5 3EP2
£90K08/210.39 mi2, Moorhouse Avenue, Accrington, Lancashire BB5 0JG2
£115K10/210.39 mi44, Mill Hill, Oswaldtwistle, Accrington, Lancashire BB5 3LX2
£118K10/210.39 mi8, Charles Street, Oswaldtwistle, Accrington, Lancashire BB5 3EX2
£70K06/210.41 mi5, Wesley Street, Church, Accrington, Lancashire BB5 4HB2
£88.5K01/210.43 mi42, Catlow Hall Street, Oswaldtwistle, Accrington, Lancashire BB5 3EU2
£61.5K11/210.44 mi54, Primrose Street, Accrington, Lancashire BB5 0HU2
£133.5K12/200.44 mi12, Yew Tree Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AX2
£143K08/210.44 mi14, Yew Tree Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AX2
£65K10/210.46 mi5, Brook Street, Oswaldtwistle, Accrington, Lancashire BB5 3JA2
£69.5K05/230.46 mi17, Brook Street, Oswaldtwistle, Accrington, Lancashire BB5 3JA2
£145K01/230.48 mi24, Fielding Lane, Oswaldtwistle, Accrington, Lancashire BB5 3BH2
£67K05/230.49 mi16, Garden Street, Oswaldtwistle, Accrington, Lancashire BB5 3LS2
£60K07/230.49 mi4, Mill Street, Oswaldtwistle, Accrington, Lancashire BB5 3HY2
£82K10/210.5 mi130, Willows Lane, Accrington, Lancashire BB5 0LN2
£60.5K11/200.5 mi124, Willows Lane, Accrington, Lancashire BB5 0LN2
£70K05/210.5 mi120, Willows Lane, Accrington, Lancashire BB5 0LN2
£75K11/210.52 mi28, Emma Street, Accrington, Lancashire BB5 1SW2
£49K01/210.52 mi19, Park Road, Accrington, Lancashire BB5 1SU2
£50K11/200.54 mi32, Victoria Street, Church, Accrington, Lancashire BB5 4LB2
£84K05/210.54 mi7, Higher Heys, Oswaldtwistle, Accrington, Lancashire BB5 3BP2
£57.5K02/230.54 mi16, Barnes Street, Church, Accrington, Lancashire BB5 4JF2
£65.3K05/210.55 mi41, Cross Street, Oswaldtwistle, Accrington, Lancashire BB5 3LL2
£44.5K12/200.55 mi16, Lion Street, Church, Accrington, Lancashire BB5 4JB2
£101K02/210.56 mi24, Broadfield Street, Oswaldtwistle, Accrington, Lancashire BB5 3BQ2
£127K07/230.56 mi2, Broadfield Street, Oswaldtwistle, Accrington, Lancashire BB5 3BQ2

Local Rents

10 rents from £550/mo to £650/mo, average is £585/mo.

RentDateDistanceAddressBeds 
£62512/240.09 miGeorge Street, Oswaldtwistle, Accrington, Lancashire, BB52
£55003/240.1 mi-2
£55002/250.11 miEdleston Street, Accrington, Lancashire, BB52
£56012/240.23 miBlackpool Street, Church, Accrington, Lancashire, BB52
£57512/240.36 miSlaidburn Drive, Accrington, BB5 2
£57003/250.37 mi-2
£59512/240.44 mi35 Persia Street,Accrington,BB52
£59512/240.55 miLion Street, Church, Accrington, Lancashire, BB52
£65002/250.56 mi-2
£65002/250.57 mi-2

Local Area Statistics

Population in BB5

61,415

Town centre distance

1.17 miles away

Nearest school

0.20 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £75,500

January 12, 2024

Sold for £60,000

2007

Sold for £26,500

2000

Sold for £26,500

1997

Sold for £27,950

1995

Description

  • BTL Investment +
  • Great Appreciation expected in the area +
  • This beautiful property is situated in Accrington, only a short commute to Blackburn or Manchester, so for future lettings, you will not be short of tenants! +

We are delighted to offer our investors a fantastic investment opportunity to purchase this 2 Bed House for only £75,500!

This beautiful property is situated in Accrington, only a short commute to Blackburn or Manchester, so for future lettings, you will not be short of tenants!

With Savills’ predicted growth rate for this area of 11.7% in the next 4 years, and with it being a key hotspot for growth & regeneration, an investor will witness healthy capital appreciation in the years to come!
Council tax band: A

Agent Details

Keller Williams Plus, Covering South East

020 3892 9627

Next Steps?

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