2 Bed Terraced House, Refurb/BRRR, Rossendale, BB4 5AA, £110,000

Spring Lane, Haslingden, Rossendale, Lancashire, BB4 5AA - a year ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 5%
~65 m²
+6 photos

ValuationOvervalued

Sold Prices£56K - £152K
Sold Prices/m²£591/m² - £2K/m²

 

 

Square Metres

~65.30 m²
Price/m²£1.7K/m²

Value Estimate

£79,900

 

 

End Value (After Refurb)

£95,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Refurb Costs

£27,684

Bridging Loan Interest

£2,888

Total Cash In

£66,521

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£95,000

Mortgage (After Refinance)

£71,250

Mortgage LTV

75%

Cash Left In

£66,521

Equity

£23,750

Rent Range

£595 - £800

Rent Estimate

£710

Running Costs/mo

£459

Cashflow/mo

£251

Cashflow/yr

£3,014

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £56K to £152K, average is £96.5K. £591/m² to £2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£108K03/230.06 mi38, Hudrake, Haslingden, Rossendale, Lancashire BB4 5AF2
£58K03/210.09 mi151, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5HN2
£102K03/230.09 mi197, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5HN2
£82.5K11/200.09 mi187, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5HN2
£110K09/210.09 mi169, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5HN2
£118K01/210.09 mi149, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5HN2
£100K07/230.12 mi46, Hudrake, Haslingden, Rossendale, Lancashire BB4 5AF2
£85K04/210.17 mi34, Hargreaves Street, Haslingden, Rossendale, Lancashire BB4 5RQ2
£99K11/210.19 mi2, Elm Close, Haslingden, Rossendale, Lancashire BB4 5QS2
£105K03/230.19 mi20, Chapel Street, Haslingden, Rossendale, Lancashire BB4 5QR2
£93.7K06/210.19 mi4, Chapel Street, Haslingden, Rossendale, Lancashire BB4 5QR2
£105K09/210.22 mi25, Cross Street North, Haslingden, Rossendale, Lancashire BB4 5JD2
£78K12/200.22 mi51, Cross Street North, Haslingden, Rossendale, Lancashire BB4 5JD2
£65K02/210.24 mi53, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5QG2
£72.5K02/230.26 mi16, Parkinson Street, Haslingden, Rossendale, Lancashire BB4 5BE2
£71K03/230.34 mi32, Townsend Street, Haslingden, Rossendale, Lancashire BB4 5DF2
£110K06/230.35 mi17, Deardengate Croft, Haslingden, Rossendale, Lancashire BB4 5SX2
£116K11/210.35 mi58, Piccadilly Street, Haslingden, Rossendale, Lancashire BB4 5LU2
£94K07/210.35 mi36, Piccadilly Street, Haslingden, Rossendale, Lancashire BB4 5LU2
£94K07/210.35 mi36, Piccadilly Street, Haslingden, Rossendale, Lancashire BB4 5LU2
£80K03/210.35 mi2, Rudd Street, Haslingden, Rossendale, Lancashire BB4 5DG2
£152K07/230.36 mi26, Heys Street, Haslingden, Rossendale, Lancashire BB4 5DU2
£80K11/200.36 mi12, Heys Street, Haslingden, Rossendale, Lancashire BB4 5DU2
£77K11/200.37 mi20, Park Street, Haslingden, Rossendale, Lancashire BB4 5TF2
£87.5K11/200.37 mi36, Park Street, Haslingden, Rossendale, Lancashire BB4 5TF2
£145K08/230.37 mi7, New Street, Haslingden, Rossendale, Lancashire BB4 5TA2
£110K09/210.38 mi29, South Shore Street, Haslingden, Rossendale, Lancashire BB4 5DX2
£72K02/210.39 mi17, Greenfield Street, Haslingden, Rossendale, Lancashire BB4 5TG2
£124.5K11/210.41 mi357, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5JQ2
£122K04/230.41 mi335, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5JQ2
£92K02/210.41 mi333, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5JQ2
£100K05/210.41 mi335, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5JQ2
£110K12/220.42 mi5, Peel Street, Haslingden, Rossendale, Lancashire BB4 5DZ2
£107.5K07/230.42 mi34, Peel Street, Haslingden, Rossendale, Lancashire BB4 5DZ2
£130K01/230.43 mi1a, Poplar Street, Haslingden, Rossendale, Lancashire BB4 5LY2
£65K05/210.43 mi4, Store Street, Haslingden, Rossendale, Lancashire BB4 5TH2
£68.5K04/210.44 mi15, Store Street, Haslingden, Rossendale, Lancashire BB4 5TH2
£138K02/230.45 mi9, Hud Hey Road, Haslingden, Rossendale, Lancashire BB4 5JH2
£75K08/210.48 mi6, Walnut Avenue, Haslingden, Rossendale, Lancashire BB4 5NJ2
£147.5K03/230.48 mi3, Pine Street, Haslingden, Rossendale, Lancashire BB4 5ND2
£72K10/210.48 mi17, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£85.5K04/210.48 mi33, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£63K06/230.48 mi15, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£94K03/230.48 mi7, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£133K02/230.5 mi19, Grane Street, Haslingden, Rossendale, Lancashire BB4 5NB2
£56K07/230.5 mi8, Rifle Street, Haslingden, Rossendale, Lancashire BB4 6NR2
£130K09/210.52 mi11, Hazeldene Avenue, Haslingden, Rossendale, Lancashire BB4 6NU2
£92.3K10/210.52 mi33, Hillside Road, Haslingden, Rossendale, Lancashire BB4 5NW2
£110K11/210.53 mi164, Bury Road, Haslingden, Rossendale, Lancashire BB4 5PE2
£123K11/210.56 mi124, Hud Hey Road, Haslingden, Rossendale, Lancashire BB4 5JL2

Local Rents

12 rents from £595/mo to £800/mo, average is £705/mo.

RentDateDistanceAddressBeds 
£71011/230.16 mi-2
£80003/250.17 mi-2
£77503/250.31 mi-2
£75003/250.32 mi-2
£67512/240.41 miBlackburn Road, Haslingden, Rossendale2
£79512/240.45 miPine street, Haslingden, Rossendale BB4 5ND2
£70012/240.47 miClough Gardens, Haslingden, Rossendale2
£60012/240.51 miProspect Hill, Haslingden, Rossendale2
£67512/240.53 miCharles Lane, Haslingden, Rossendale2
£79503/250.56 mi-2
£65009/230.58 mi-2
£59510/230.58 mi-2

Local Area Statistics

Population in BB4

41,137

Town centre distance

2.73 miles away

Nearest school

0.10 miles away

Nearest train station

3.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £110,000

May 10, 2024

Floor Plans

Description

  • 2 bed mid stone Terrace +
  • Great location +
  • Superb views from the rear +
  • Modernisation/basic renovation required +
  • potential to add value +
  • Ideal FTB or BTL investment +
  • Good transport links +
  • close to amenities +
  • No Chain Delay +
  • CALL FOR FULL DETAILS +

This charming two bedroom stone terrace property in Haslingden offers a fantastic opportunity for those looking to put their own stamp on a home. With a traditional exterior and a cozy, welcoming feel inside, this property has plenty of potential for modernisation and customisation.

The spacious living room features an inset fire, while the kitchen offers the chance to create a stylish and functional space.

Upstairs, two well-proportioned bedrooms provide comfortable accommodation, with the potential to create a stylish bathroom to complete the layout.

Located on the outskirts of Haslingden, this property benefits from a convenient location close to local amenities, schools, and transport links.

The registered title plan for this property differs from the physical boundaries with regards to the rear garden. The Seller is willing to provide a Statutory Declaration to confirm that there has been uninterrupted use of the full garden for over 21 years

With a bit of TLC and some creative vision, this stone terrace property has the potential to become a stunning home for its new owners.

Don't miss out on this fantastic opportunity to transform this property into a stylish and modern living space in a desirable location.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

RAW240003/2

Agent Details

Reeds Rains, Rawtenstall

01706 335889

Next Steps?

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