2 Bed Terraced House, Single Let, Bacup, OL13 9RQ, £125,000

7 Mersey Street, Bacup, Lancashire, OL13 9RQ - 1 views - a year ago

Sold STC
BTL
ROI: 3%
70 m²
+23 photos

ValuationOvervalued

Sold Prices£39.5K - £174.5K
Sold Prices/m²£648/m² - £3K/m²

 

 

Square Metres

70 m²
Price/m²£1.8K/m²

Value Estimate

£103,091

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Total Cash In

£36,200

 

 

Cash Out

 

Rent Range

£600 - £850

Rent Estimate

£631

Running Costs/mo

£537

Cashflow/mo

£94

Cashflow/yr

£1,130

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £39.5K to £174.5K, average is £99K. £648/m² to £3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£98K04/230.04 mi28, Ribble Street, Bacup, Lancashire OL13 9RH2
£86.5K01/210.11 mi11, Pine Street, Bacup, Lancashire OL13 9QF2
£170K01/210.11 mi5, Walton Close, Bacup, Lancashire OL13 9RE2
£146.5K07/210.17 mi23, New Line, Bacup, Lancashire OL13 9RN2
£120K04/210.17 mi112, New Line, Bacup, Lancashire OL13 9RN2
£110K03/230.21 mi18, Pembroke Street, Bacup, Lancashire OL13 9QU2
£100K03/210.21 mi121, Rochdale Road, Bacup, Lancashire OL13 9NS2
£92.5K10/230.21 mi119, Rochdale Road, Bacup, Lancashire OL13 9NS2
£108.7K12/230.21 mi192, Rochdale Road, Bacup, Lancashire OL13 9NS2
£143K01/210.23 mi41, Rockcliffe Road, Bacup, Lancashire OL13 9QG2
£115.1K01/210.24 mi6, Rose Terrace, Bacup, Lancashire OL13 0DF2
£140K02/210.25 mi9, Churchtown Crescent, Bacup, Lancashire OL13 9PL2
£105K02/210.25 mi5, Churchtown Crescent, Bacup, Lancashire OL13 9PL2
£90K02/230.27 mi174, New Line, Bacup, Lancashire OL13 9RU2
£65K12/200.29 mi98, Market Street, Bacup, Lancashire OL13 0AY2
£140K09/230.29 mi98, Market Street, Bacup, Lancashire OL13 0AY2
£129.9K02/240.3 mi19, Peel Drive, Bacup, Lancashire OL13 9PU2
£125K03/210.3 mi24, Peel Drive, Bacup, Lancashire OL13 9PU2
£65.1K12/200.36 mi92, Pennine Road, Bacup, Lancashire OL13 9PH2
£165K10/220.42 mi1, Rockcliffe Drive, Bacup, Lancashire OL13 8JQ2
£97K03/210.45 mi15, Central View, Bacup, Lancashire OL13 9JX2
£131K03/210.47 mi27, Bankside Lane, Bacup, Lancashire OL13 8HJ2
£174.5K10/230.47 mi25, Bankside Lane, Bacup, Lancashire OL13 8HJ2
£160K11/220.47 mi284, Rochdale Road, Bacup, Lancashire OL13 9TW2
£127K02/230.49 mi9, Pendle Close, Bacup, Lancashire OL13 9JT2
£60K04/240.49 mi7, Pendle Close, Bacup, Lancashire OL13 9JT2
£97.5K12/220.5 mi6, Industrial Street, Bacup, Lancashire OL13 9JJ2
£100.5K09/230.5 mi264, New Line, Bacup, Lancashire OL13 9RX2
£80K11/200.53 mi17, Thorn Street, Bacup, Lancashire OL13 9JG2
£58K02/230.56 mi15, Alma Street, Bacup, Lancashire OL13 9JA2
£39.5K09/230.56 mi39, Alma Street, Bacup, Lancashire OL13 9JA2
£60K02/210.56 mi19, Alma Street, Bacup, Lancashire OL13 9JA2
£60K02/210.56 mi19, Alma Street, Bacup, Lancashire OL13 9JA2
£137.5K05/220.57 mi8, Lee Road, Stacksteads, Bacup, Lancashire OL13 0EA2
£81K05/210.57 mi31, Lee Road, Bacup, Lancashire OL13 0EA2
£81K09/230.57 mi39, Lee Road, Stacksteads, Bacup, Lancashire OL13 0EA2
£147.5K11/220.57 mi37, Lee Road, Stacksteads, Bacup, Lancashire OL13 0EA2
£92.5K06/220.57 mi4, Myrtle Cottages, Bacup, Lancashire OL13 9JU2
£145K04/230.61 mi19, Nelson Street, Bacup, Lancashire OL13 9TG2
£85K06/210.62 mi3, Rose Street, Bacup, Lancashire OL13 8AR2
£120K07/210.65 mi399, Rochdale Road, Bacup, Lancashire OL13 9TH2
£134.5K02/230.65 mi385, Rochdale Road, Bacup, Lancashire OL13 9TH2
£135K10/220.66 mi399, Rochdale Road, Bacup, Lancashire OL13 9TH2
£90K06/210.67 mi30, Dale Street, Bacup, Lancashire OL13 8AP2
£75K10/210.68 mi168, Newchurch Road, Bacup, Lancashire OL13 0EE2
£84K11/220.68 mi4, Ashworth Street, Bacup, Lancashire OL13 9LS2
£70K12/200.7 mi24, Earnshaw Road, Bacup, Lancashire OL13 9BP2
£84K12/200.71 mi17, Zion Street, Bacup, Lancashire OL13 9LT2
£90K10/220.71 mi180, Newchurch Road, Bacup, Lancashire OL13 0EE2
£87K02/230.71 mi149, New Line, Bacup, Lancashire OL13 9RY2

Local Rents

20 rents from £600/mo to £850/mo, average is £685/mo.

RentDateDistanceAddressBeds 
£75009/240.02 mi-2
£65003/240.02 mi-2
£65011/240.18 mi-2
£70002/240.21 mi-2
£67508/240.27 miRockcliffe Road, Bacup2
£70001/250.51 mi-2
£70001/250.51 mi-2
£80009/240.55 mi-2
£69501/250.56 mi-2
£67506/240.56 miInkerman Street, Bacup2
£79508/240.56 miALMA STREET, Bacup, Rossendale OL13 9JA2
£85008/240.56 miALMA STREET, Bacup, Rossendale OL13 9JA2
£85008/240.56 miALMA STREET, Bacup, Rossendale OL13 9JA2
£85009/240.56 miALMA STREET, Bacup, Rossendale OL13 9JA2
£65008/240.57 miInkerman Street, Bacup2
£60007/240.57 mi-2
£60001/240.58 mi-2
£65010/240.58 mi-2
£65004/250.58 mi-2
£65002/250.58 mi-2

Local Area Statistics

Population in OL13

15,293

Town centre distance

1.18 miles away

Nearest school

0.10 miles away

Nearest train station

3.79 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £125,000

January 30, 2024

Sold for £68,750

2014

Sold for £47,500

2010

Floor Plans

Description

  • 2 BEDROOM PROPERTY WITH ATTIC STORAGE ROOM +
  • CLOSE TO STUBBY LEE PARK AND NATURE RESERVE +
  • KITCHEN & EXTENDED UTILITY ROOM +
  • SEMI RURAL LOCATION WITH COUNTRYSIDE WALKS ON YOUR DOORSTEP +
  • OFF ROAD PARKING TO THE FRONT OF THE PROPERTY +
  • ENCLOSED REAR YARD +
  • FREEHOLD / COUNCIL TAX BAND A +
  • IDEAL FOR FIRST TIME BUYERS / INVESTORS +

Inviting 2-Bedroom Home with Extended Utility Room and Private Parking in Bacup, Rossendale

This charming 2-bedroom terraced home in Bacup, Rossendale, is perfect for families, first-time buyers, and investors alike. Located in a friendly neighborhood, the property offers easy access to local schools, parks, and town centre amenities.

Location Highlights
- Stubbylee Park and Nature Area: Just a 5-minute walk away, ideal for family outings, picnics, and outdoor activities.
- Local Primary School: Only 5 minutes down the road, making school runs quick and convenient.
- Town Centre: A short drive to supermarkets, shops, and restaurants, ensuring all your needs are within easy reach.

Home Features
This well-maintained home offers a spacious and practical layout designed for comfortable living:

Ground Floor:
- Living Room (4.3m x 4.0m): A bright and spacious room with laminate flooring and double doors that open into the kitchen, perfect for family gatherings and entertaining.
- Kitchen: Equipped with a built-in single oven and 4-ring induction hob, featuring modern cream units, wood effect worktops, and stylish black metro tiles. Ample space for preparing meals.
- Extended Utility Room: A large, versatile area housing the combi boiler, fridge freezer, washing machine, and tumble dryer. Ideal for additional storage and laundry needs.

First Floor:
- Master Bedroom: A comfortable and spacious room with peaceful views over the rear of the property, perfect for unwinding after a long day.
- Bedroom 2: Another good-sized room with charming views to the front, suitable for children or guests.
- Family Bathroom: Featuring a modern 3-piece suite with a shower over the bath and partially tiled walls, combining convenience and style.

Attic Space:
- Fully Boarded Attic: With a pull-down ladder and light, this expansive attic is perfect for storage, a playroom, a home office, or a hobby room. The attic's generous height allows for easy movement and flexible use.

Additional Features
- Central Heating: Efficient combi boiler and central heating system throughout the home.
- Double-Glazed Windows: Providing energy efficiency and noise reduction.
- Solid Wood Internal Doors: Adding a touch of elegance to the home's interior.

Outdoor Features
- Front Yard: Enclosed and private, offering a safe space for children to play and a welcoming entrance to your home.
- Rear Yard: Secure and enclosed, perfect for outdoor activities and family gatherings.
- Private Parking Space: Conveniently located opposite the property, ensuring easy and hassle-free parking.
- Close to Bacup park - the last few photos in the listing are of nearby Bacup / Stubby Lee park.

Council Tax
- Band A: Payable to Rossendale Borough Council.

Investment Potential
This property is not only a comfortable family home but also an excellent investment opportunity. Its prime location, modern features, and versatile layout make it attractive for potential tenants, ensuring a good return on investment.

Whether you're looking for a family home or a smart investment, this property offers the perfect blend of comfort, style, and convenience. Don't miss the opportunity to view this inviting home in Bacup.

Agent Details

Coppenwall, Rossendale

01706 335888

Next Steps?

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