3 Bed Flat, Single Let, Rossendale, BB4 8DY, £255,000

Bank Street, Rawtenstall, Rossendale, BB4 8DY - 1 views - 8 months ago

Leasehold
BTL
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£80K - £312.5K
Sold Prices/m²£899/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£168,875

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£9,100

Total Cash In

£72,850

 

 

Cash Out

 

Rent Range

£650 - £1,500

Rent Estimate

£795

Running Costs/mo

£976

Cashflow/mo

£-181

Cashflow/yr

£-2,170

Gross Yield

4%

Local Sold Prices

5 sold prices from £80K to £312.5K, average is £160K. £899/m² to £2K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£160K06/220.57 mi1, Eastwood Crescent, Cloughfold, Rossendale, Lancashire BB4 7PJ3
£110K08/220.58 mi214a, Bacup Road, Rawtenstall, Rossendale, Lancashire BB4 7PA3
£312.5K06/232.05 mi1, Vale Mill Court, Edenfield, Bury, Lancashire BL0 0GY3
£195K12/222.5 mi1174, Burnley Road, Loveclough, Rossendale, Lancashire BB4 8QY3
£80K09/222.56 mi14, Church Street, Stacksteads, Bacup, Lancashire OL13 0RW3

Local Rents

11 rents from £650/mo to £1.5K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£82512/230.31 mi-3
£85006/240.31 mi-3
£1,25012/240.44 mi-3
£1,50012/240.55 miMitton Avenue, Rossendale, BB43
£1,50012/240.55 mi-3
£1,00012/240.63 miBurnley Road, Rawtenstall, BB43
£79512/240.79 miBacup Road, Rossendale, BB43
£79504/240.79 mi-3
£65012/240.91 miEast Street, Rawtenstall3
£1,20012/240.98 miShoemaker Gardens, Rossendale, Lancashire, BB43
£85001/241.14 mi-3

Local Area Statistics

Population in BB4

41,137

Town centre distance

1.35 miles away

Nearest school

0.20 miles away

Nearest train station

4.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £255,000

July 25, 2024

Description

  • Investment opportunity, to be sold with tenants. +
  • 2013 Conversion +
  • All let with an annual yield of £17,400 per annum 7.73% +
  • 3 x 1 bedroom apartments. +
  • Very popular location in Rawtenstall town centre. +
  • Modern kitchen & Bathroom +
  • EPC C,C & D +
  • Council Tax Band A. +
  • 996 years from 13 October 1863 Ground Rent : £6.16 +

Beautifully Converted in 2013, this is a modern block of 3, one bedroom self-contained apartments, delightfully situated above Bank St, in the vibrant heart of Rawtenstall town centre. All currently let with an annual yield of £18,600 per annum c7.3%, please call Ryder & Dutton to arrange a viewing.

Three stylish apartments on Rawtenstall's bustling hight, each with private entrance off a communal hallway and each with a modern fitted kitchen and stylish three-piece bathroom

Apartment A: currently let at £500pcm.
A first floor apartment featuring a hallway, spacious lounge and kitchen and a double bedroom and bathroom

Apartment B: currently let at £525pcm.
A first floor apartment featuring with open-plan hallway, leading into a spacious lounge and kitchen plus a double bedroom and bathroom.

Apartment C: currently let at £525pcm.
A stylish, top-floor, loft apartment with large open plan living room and kitchen, bedroom and shower room.

Situated right in the centre of this vibrant town, there is a popular foodie market at one end of Bank Street, which is lined with independent boutiques, salons, cafes and restaurants. At the other end of Bank St, you can walk to Rawtenstall's main square, where a striking modern bus station offers regular, direct links to Manchester (X43 Witchway), running until as late as 3a.m. Close by there is a heritage steam railway station, popular ski slope, Whitaker park with gallery, bistro and newly refurbished LTA tennis courts and St Mary's Chambers, which hosts a wide range of nationally recognised and family acts. Marl Pits Leisure Centre a short distance up Newchurch Road has a swimming pool and gym with classes, as well as 5G 5-a-side pitches, grass pitches for the local football and rugby clubs, a quality, recently relaid 400m running track for the athletics club and a golf driving range, all within the stunning Rossendale countryside, where you can walk for miles.

Agent Details

Ryder & Dutton, Rawtenstall

01706 335859

Next Steps?

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