2 Bed Terraced House, Single Let, Rossendale, BB4 8HD, £129,950

Rockcliffe Street, Rossendale, Lancashire, BB4 8HD - 6 views - 10 months ago

BTL
ROI: 6%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£85K - £390K
Sold Prices/m²£1.4K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£120,822

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£5,099

Total Cash In

£37,586

 

 

Cash Out

 

Rent Range

£695 - £1,200

Rent Estimate

£761

Running Costs/mo

£578

Cashflow/mo

£183

Cashflow/yr

£2,192

ROI

6%

Gross Yield

7%

Local Sold Prices

36 sold prices from £85K to £390K, average is £140K. £1.4K/m² to £4.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£105K12/200 mi22, Rockliffe Street, Rossendale, Lancashire BB4 8HD2
£100K03/210.01 mi17, Taylor Street, Rawtenstall, Rossendale, Lancashire BB4 8HB2
£120K03/210.04 mi18, Prospect Hill, Rawtenstall, Rossendale, Lancashire BB4 8JP2
£128K08/210.07 mi36, Prospect Hill, Rawtenstall, Rossendale, Lancashire BB4 8JP2
£280K03/210.16 mi45, Haslingden Old Road, Rawtenstall, Rossendale, Lancashire BB4 8SA2
£85K11/200.16 mi17, Haslingden Old Road, Rawtenstall, Rossendale, Lancashire BB4 8SA2
£150K05/230.18 mi14, Alexandria Street, Rossendale, Lancashire BB4 8HP2
£115K06/230.19 mi4, Margaret Street, Rawtenstall, Rossendale, Lancashire BB4 8HR2
£390K06/230.22 mi12, Constable Lee Crescent, Constable Lee, Rossendale, Lancashire BB4 8EN2
£210K03/210.28 mi2, Abbots Close, Rossendale, Lancashire BB4 8JX2
£125K06/210.28 mi8, Hollin Grove, Rossendale, Lancashire BB4 8HU2
£180K06/230.32 mi18, Mount Terrace, Rossendale, Lancashire BB4 8SF2
£141.5K01/210.32 mi18, Mount Terrace, Rossendale, Lancashire BB4 8SF2
£130K02/210.36 mi6, Cribden Street, Rawtenstall, Rossendale, Lancashire BB4 8HZ2
£141K01/210.36 mi4, Cribden Street, Rawtenstall, Rossendale, Lancashire BB4 8HZ2
£140K01/210.39 mi119, Haslingden Old Road, Rawtenstall, Rossendale, Lancashire BB4 8RR2
£130K02/230.4 mi3, Lime Tree Grove, Rossendale, Lancashire BB4 8JB2
£214K06/230.43 mi7, Parramatta Street, Rawtenstall, Rossendale, Lancashire BB4 6AF2
£145K12/220.52 mi8, Yarraville Street, Rawtenstall, Rossendale, Lancashire BB4 6BA2
£140K07/210.54 mi3, Greenbank Street, Rawtenstall, Rossendale, Lancashire BB4 7PD2
£145K11/210.57 mi56, Fallbarn Crescent, Rawtenstall, Rossendale, Lancashire BB4 6AZ2
£150K06/230.59 mi38, Hall Carr Road, Rawtenstall, Rossendale, Lancashire BB4 6AW2
£220K10/220.6 mi7, Cedar Avenue, Rawtenstall, Rossendale, Lancashire BB4 6RR2
£87K12/200.6 mi54, Hardman Avenue, Rawtenstall, Rossendale, Lancashire BB4 6BB2
£160K10/210.64 mi11, Woodcroft Street, Rawtenstall, Rossendale, Lancashire BB4 8LG2
£125K02/210.65 mi21, Thorn Street, Rossendale, Lancashire BB4 8LQ2
£134K03/230.67 mi7, Carr Lane, New Hall Hey, Rossendale, Lancashire BB4 6BE2
£143.5K12/200.7 mi135, Bury Road, Rawtenstall, Rossendale, Lancashire BB4 6DD2
£128K10/210.77 mi2, Crabtree Buildings, Rawtenstall, Rossendale, Lancashire BB4 6ET2
£135K09/210.8 mi2, Greenhill, Rossendale, Lancashire BB4 7TD2
£117.5K08/210.81 mi155, Hardman Avenue, Rawtenstall, Rossendale, Lancashire BB4 6BL2
£159.5K12/200.86 mi15, Poplar Terrace, Reedsholme, Rossendale, Lancashire BB4 8LU2
£280K01/210.89 mi9, Reedsholme Close, Reedsholme, Rossendale, Lancashire BB4 8NA2
£138.5K01/210.91 mi4, Chestnut Drive, Rawtenstall, Rossendale, Lancashire BB4 6DP2
£137.5K02/210.92 mi49, Linden Lea, Rawtenstall, Rossendale, Lancashire BB4 6DX2
£325K12/220.97 mi536, Newchurch Road, Cloughfold, Rossendale, Lancashire BB4 7TL2

Local Rents

17 rents from £695/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£80003/240.01 mi-2
£69512/240.24 miSouth Street, Rawtenstall, Rossendale, Lancashire, BB42
£69512/240.35 miKay Street, Rossendale2
£92508/230.35 mi-2
£85012/240.36 miQueens Apartments, 1 Bank Street, Rawtenstall, BB42
£95001/250.39 mi-2
£1,10002/250.39 mi-2
£80002/240.42 mi-2
£85001/250.42 mi-2
£82507/230.43 mi-2
£95011/230.43 mi-2
£1,20006/240.43 mi-2
£1,00012/240.43 mi-2
£1,20012/240.43 mi-2
£1,20008/240.43 mi-2
£1,00008/240.43 mi-2
£1,20003/250.43 mi-2

Local Area Statistics

Population in BB4

41,137

Town centre distance

1.59 miles away

Nearest school

0.10 miles away

Nearest train station

4.68 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £129,950

May 28, 2024

Sold for £110,000

2022

Sold for £33,950

1998

Sold for £19,000

1998

Floor Plans

Description

  • Two bedroom end Terrace +
  • Walking distance to town centre +
  • Ideal first purchase/investor landlord property +
  • Modern kitchen and bathroom fitted +
  • And close yard with outbuilding +
  • Some basic upgrading required +
  • Potential value. +
  • Good transport links +
  • Schools within easy reach +
  • No onward chain +

This is an ideal first time purchase or landlord/investor property.
ideally situated within walking distance of Rawtenstall town centre which benefits from a plethora of independent shops, bars and restaurants.
Although requiring some basic upgrading in places , the property benefits from a modern kitchen and recently installed bathroom.
The accommodation comprises: An entrance vestibule, lounge, kitchen with access to under stairs storage, two good size bedrooms and family bathroom.
Externally there is unrestricted on road parking to the front and to the rear there is an enclosed yard area with brick out building.

Priced to attract earlier attention providing prospective buyers the opportunity to create their ideal home whilst adding value.
The property also comes with benefit of onward chain delay.

To arrange viewing please call reeds rains on

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.

RAW240119/2

Agent Details

Reeds Rains, Rawtenstall

01706 335889

Next Steps?

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