2 Bed Terraced House, Refurb/BRRR, Accrington, BB5 0EH, £105,000

Hill Street, Oswaldtwistle, Accrington, Lancashire, BB5 0EH - 9 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~96 m²
+9 photos

ValuationOvervalued

Sold Prices£30K - £185K
Sold Prices/m²£342/m² - £2.3K/m²

 

 

Square Metres

~96 m²
Price/m²£1.1K/m²

Value Estimate

£94,367

 

 

End Value (After Refurb)

£128,077

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£26,250

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£40,700

Bridging Loan Interest

£2,756

Total Cash In

£75,957

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£128,077

Mortgage (After Refinance)

£96,058

Mortgage LTV

75%

Cash Released

£17,308

Cash Left In

£58,649

Equity

£32,019

Rent Range

£550 - £725

Rent Estimate

£601

Running Costs/mo

£540

Cashflow/mo

£61

Cashflow/yr

£727

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £30K to £185K, average is £82.5K. £342/m² to £2.3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£135.5K03/230.17 mi1, Ennerdale Close, Oswaldtwistle, Accrington, Lancashire BB5 4RF2
£142K05/230.22 mi198, Blackburn Road, Oswaldtwistle, Accrington, Lancashire BB5 4NZ2
£67K01/210.26 mi3, South Shore Street, Church, Accrington, Lancashire BB5 0DZ2
£72K07/210.28 mi4, Queen Street, Oswaldtwistle, Accrington, Lancashire BB5 3DQ2
£95K11/210.29 mi22, Milton Street, Oswaldtwistle, Accrington, Lancashire BB5 3LZ2
£66K02/210.29 mi7, Milton Street, Oswaldtwistle, Accrington, Lancashire BB5 3LZ2
£50K03/230.29 mi3, Milton Street, Oswaldtwistle, Accrington, Lancashire BB5 3LZ2
£110K02/230.31 mi27, Alleytroyds, Church, Accrington, Lancashire BB5 0DU2
£115K10/210.32 mi44, Mill Hill, Oswaldtwistle, Accrington, Lancashire BB5 3LX2
£127K04/210.33 mi15, Apple Tree Way, Oswaldtwistle, Accrington, Lancashire BB5 0FB2
£168K01/230.36 mi7, Dunster Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4NX2
£96K11/200.4 mi5, Paddock Street, Oswaldtwistle, Accrington, Lancashire BB5 3HJ2
£122K02/230.4 mi8, Chapel Street, Oswaldtwistle, Accrington, Lancashire BB5 3EP2
£75K05/230.4 mi7, Chapel Street, Oswaldtwistle, Accrington, Lancashire BB5 3EP2
£67K05/230.43 mi16, Garden Street, Oswaldtwistle, Accrington, Lancashire BB5 3LS2
£65.3K05/210.43 mi41, Cross Street, Oswaldtwistle, Accrington, Lancashire BB5 3LL2
£90K08/210.44 mi24, Haworth Street, Oswaldtwistle, Accrington, Lancashire BB5 3EA2
£128K09/210.44 mi77, Lord Street, Oswaldtwistle, Accrington, Lancashire BB5 3EF2
£92K03/230.44 mi63, Lord Street, Oswaldtwistle, Accrington, Lancashire BB5 3EF2
£131K03/230.45 mi12, Cecil Street, Oswaldtwistle, Accrington, Lancashire BB5 3HF2
£91.5K12/200.45 mi38, Rhyddings Street, Oswaldtwistle, Accrington, Lancashire BB5 3ER2
£65K10/210.45 mi5, Brook Street, Oswaldtwistle, Accrington, Lancashire BB5 3JA2
£69.5K05/230.45 mi17, Brook Street, Oswaldtwistle, Accrington, Lancashire BB5 3JA2
£70K03/230.46 mi13, Pickup Street, Accrington, Lancashire BB5 0EY2
£185K02/230.47 mi3, Brecon Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4QS2
£150K06/210.47 mi18, Brecon Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4QS2
£60K07/230.48 mi4, Mill Street, Oswaldtwistle, Accrington, Lancashire BB5 3HY2
£70K03/230.48 mi78, Lonsdale Street, Accrington, Lancashire BB5 0HJ2
£72K06/230.48 mi13, Canal Street, Church, Accrington, Lancashire BB5 4JU2
£50K11/200.49 mi32, Victoria Street, Church, Accrington, Lancashire BB5 4LB2
£68K03/210.49 mi6, Albert Street, Church, Accrington, Lancashire BB5 4JZ2
£112K08/210.49 mi23, The Cooperage, Oswaldtwistle, Accrington, Lancashire BB5 3LB2
£70K06/210.49 mi5, Wesley Street, Church, Accrington, Lancashire BB5 4HB2
£62K12/200.51 mi14, Spring Hill Road, Accrington, Lancashire BB5 0EX2
£118K10/210.51 mi8, Charles Street, Oswaldtwistle, Accrington, Lancashire BB5 3EX2
£44.5K12/200.52 mi16, Lion Street, Church, Accrington, Lancashire BB5 4JB2
£55K08/230.52 mi36, Sharples Street, Accrington, Lancashire BB5 0HQ2
£125K08/210.53 mi42, White Ash Lane, Oswaldtwistle, Accrington, Lancashire BB5 3JG2
£148K05/230.53 mi67, White Ash Lane, Oswaldtwistle, Accrington, Lancashire BB5 3JG2
£57.5K02/230.53 mi16, Barnes Street, Church, Accrington, Lancashire BB5 4JF2
£68K12/210.53 mi36, Spring Street, Accrington, Lancashire BB5 0HF2
£47K11/200.53 mi55, Spring Street, Accrington, Lancashire BB5 0HE2
£115K11/210.54 mi14, Spread Eagle Street, Oswaldtwistle, Accrington, Lancashire BB5 4NB2
£62K03/230.54 mi38, Edleston Street, Accrington, Lancashire BB5 0HG2
£30K06/210.54 mi72, Lion Street, Church, Accrington, Lancashire BB5 4JD2
£53K05/230.54 mi47, Lion Street, Church, Accrington, Lancashire BB5 4JD2
£125K04/230.55 mi39, Turnpike Grove, Oswaldtwistle, Accrington, Lancashire BB5 4NL2
£125K05/230.55 mi8, Turnpike Grove, Oswaldtwistle, Accrington, Lancashire BB5 4NL2
£167K05/230.55 mi35, Turnpike Grove, Oswaldtwistle, Accrington, Lancashire BB5 4NL2
£164K11/200.56 mi12, Oakfield Crescent, Oswaldtwistle, Accrington, Lancashire BB5 3AD2

Local Rents

11 rents from £550/mo to £725/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£56012/240.26 miBlackpool Street, Church, Accrington, Lancashire, BB52
£62512/240.35 miGeorge Street, Oswaldtwistle, Accrington, Lancashire, BB52
£57003/250.42 mi-2
£59512/240.52 miLion Street, Church, Accrington, Lancashire, BB52
£65002/250.52 mi-2
£55003/240.53 mi-2
£55002/250.54 miEdleston Street, Accrington, Lancashire, BB52
£62512/240.55 mi-2
£65002/250.57 mi-2
£72503/250.58 mi-2
£59512/240.61 mi35 Persia Street,Accrington,BB52

Local Area Statistics

Population in BB5

61,415

Town centre distance

1.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Price changed to £105,000

January 15, 2025

Listed for £110,000

June 8, 2024

Floor Plans

Description

  • VICTORIAN TERRACED PROPERTY +
  • OPEN ASPECT TO THE FRONT +
  • SCOPE FOR MODERNISATION +
  • LOFT CONVERSION WITH UNDER EAVES STORAGE +
  • PRIVATE REAR GARDEN & GARAGE +
  • FREEHOLD +
  • COUNCIL TAX BAND A +
  • CLOSE TO AMENITIES AND TRANSPORT LINKS +
  • EARLY VIEWINGS HIGHLY RECOMMENDED +

A remarkable two bedroom mid-terraced property welcomed to the market free of any onward chain. Brimming with potential and scope for modernisation, this property would appeal to first time buyers or those seeking their next project. (EPC-D)

Brimming with potential, this two bedroom mid-terraced property is welcomed to the market free of any onward chain. Offering well-proportioned room sizes and scope for modernisation this home would appeal to first time buyers or those seeking a new project.

Tucked away on a quiet street in Oswaldtwistle, this property offers easy access to commuter links, including bus routes and the M65 network, local amenities and well-regarded schools.
The ground floor comprises of; the welcoming inner porch which lends access to the living room. The living room which is spacious and presented with laminate flooring and a feature fireplace with gas fire and the kitchen which offers pine units, vinyl flooring and access to the rear yard.

The first floor comprises of; The main bedroom which is a double room with fitted carpet throughout and bedroom two which is a single room. The first floor is complete with the family bathroom which boasts a three-piece suite with shower over bath.

The home also benefits from a loft conversion which offers additional space for storage. The loft is a good-size and includes fitted carpet and traditional wood beams.

Externally, there is a private garden to the rear of the home which is flagged for easy maintenance as well as a garage.

All interested parties should contact Mortimers Estate Agents.

All mains services available.

Agent Details

Mortimers, Accrington

01254 961485

Next Steps?

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