2 Bed Flat, Single Let, Rossendale, BB4 5PW, £90,000

Langwood Court, Haslingden, Rossendale, Lancashire, BB4 5PW - 1 views - a year ago

Sold STC

Leasehold

BTL

ROI: 8%

~56 m²

+8 photos

ValuationUndervalued

Sold Prices	£71K - £188K
Sold Prices/m²	£826/m² - £25K/m²

Square Metres	~56.30 m²
Price/m²	£1.6K/m²
Value Estimate	£98,562£98,562
BMV	10%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,500£22,500
Stamp Duty & Legal Fees	£3,900£3,900
Total Cash In	£26,400£26,400

Cash Out
Rent Range	£595 - £995£595 - £995
Rent Estimate	£597
Running Costs/mo	£421£421
Cashflow/mo	£176£176
Cashflow/yr	£2,116£2,116
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

22 sold prices from £71K to £188K, average is £130K. £826/m² to £25K/m², average is £1.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£83.5K	02/21	0 mi	60, Langwood Court, Haslingden, Rossendale, Lancashire BB4 5PW	£1,305	64	2	Flat
£80K	02/23	0 mi	63, Langwood Court, Haslingden, Rossendale, Lancashire BB4 5PW	£1,429	56	2	Flat
£80K	06/22	0.1 mi	10, Sizehouse Village, Haslingden, Rossendale, Lancashire BB4 6TD	£1,885	42	2	Flat
£86.5K	02/21	0.1 mi	13, Sizehouse Village, Haslingden, Rossendale, Lancashire BB4 6TD	£2,060	42	2	Flat
£71K	05/23	0.39 mi	12, Sunnybank Street, Haslingden, Rossendale, Lancashire BB4 5DQ	£826	86	2	Flat
£125K	07/21	0.94 mi	47, Clough Gardens, Haslingden, Rossendale, Lancashire BB4 5AP	£2,232	56	2	Flat
£85K	02/21	0.94 mi	16, Clough Gardens, Haslingden, Rossendale, Lancashire BB4 5AP	£1,574	54	2	Flat
£95K	04/21	0.94 mi	22, Clough Gardens, Haslingden, Rossendale, Lancashire BB4 5AP	£1,727	55	2	Flat
£87K	07/21	0.94 mi	24, Clough Gardens, Haslingden, Rossendale, Lancashire BB4 5AP	-	-	2	Flat
£95K	03/21	0.94 mi	14, Clough Gardens, Haslingden, Rossendale, Lancashire BB4 5AP	£1,774	54	2	Flat
£135K	06/22	0.97 mi	Apartment 5, Millers Vale, Grange Park Way, Haslingden, Rossendale, Lancashire BB4 4QH	£2,288	59	2	Flat
£183K	08/22	1.49 mi	Apartment 7, Ilex Mill, Bacup Road, Rawtenstall, Rossendale, Lancashire BB4 7NQ	-	-	2	Flat
£180K	02/23	1.49 mi	Apartment 119, Ilex Mill, Bacup Road, Rawtenstall, Rossendale, Lancashire BB4 7NQ	-	-	2	Flat
£170K	07/22	1.5 mi	Apartment 307, Ilex Mill, Bacup Road, Rawtenstall, Rossendale, Lancashire BB4 7NQ	-	-	2	Flat
£160K	04/21	1.5 mi	Apartment 4, Ilex Mill, Bacup Road, Rawtenstall, Rossendale, Lancashire BB4 7NQ	-	-	2	Flat
£158.5K	03/21	1.5 mi	Apartment 113, Ilex Mill, Bacup Road, Rawtenstall, Rossendale, Lancashire BB4 7NQ	-	-	2	Flat
£188K	12/20	1.5 mi	Apartment 101, Ilex Mill, Bacup Road, Rawtenstall, Rossendale, Lancashire BB4 7NQ	-	-	2	Flat
£165K	01/21	1.5 mi	Apartment 119, Ilex Mill, Bacup Road, Rawtenstall, Rossendale, Lancashire BB4 7NQ	-	-	2	Flat
£160K	04/21	1.5 mi	Apartment 4, Ilex Mill, Bacup Road, Rawtenstall, Rossendale, Lancashire BB4 7NQ	-	-	2	Flat
£181K	06/22	1.5 mi	Apartment 8, Ilex Mill, Bacup Road, Rawtenstall, Rossendale, Lancashire BB4 7NQ	-	-	2	Flat
£167K	06/22	1.5 mi	Apartment 115, Ilex Mill, Bacup Road, Rawtenstall, Rossendale, Lancashire BB4 7NQ	-	-	2	Flat
£120K	03/21	1.54 mi	18, Worston Close, Constable Lee, Rossendale, Lancashire BB4 8UP	£25,000	5	2	Flat

Local Rents

13 rents from £595/mo to £995/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£650	09/23	0 mi	-	2	Flat
£595	10/23	0 mi	-	2	Flat
£795	03/25	0.04 mi	-	2	Flat
£600	09/23	0.1 mi	-	2	Flat
£795	12/24	0.16 mi	Pine street, Haslingden, Rossendale BB4 5ND	2	Terraced House
£995	12/24	0.24 mi	-	2	Terraced House
£750	03/25	0.26 mi	-	2	Terraced House
£600	12/24	0.4 mi	Prospect Hill, Haslingden, Rossendale	2	Terraced House
£800	04/25	0.42 mi	-	2	Semi-Detached House
£710	11/23	0.42 mi	-	2	Terraced House
£675	12/24	0.45 mi	Charles Lane, Haslingden, Rossendale	2	Flat
£775	04/25	0.52 mi	-	2	Terraced House
£750	04/25	0.52 mi	-	2	Terraced House

Local Area Statistics

Population in BB4	41,13741,137
Town centre distance	2.22 miles away2.22 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	4.12 miles away4.12 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+16%+16%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £90,000

May 14, 2024

Floor Plans

Description

Fantastic opportunity to purchase a well presented second floor apartment situated within a popular purpose built development located on the outskirts of Haslingden and ideally situated to take advantage of the various amenities close by including leisure facilities, shops, restaurants, schools and transport links.
The property is perfect for a first time buyer/ buy to let investor.
The accommodation briefly comprises; entrance hallway, spacious open plan kitchen/lounge, two bedrooms and three-piece bathroom suite.

Externally there are communal gardens and resident parking. Further benefits include secure intercom entry system and double glazing throughout.

Agent Details

Entwistle Green, Bury

0161 524 3592

Next Steps?

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

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