3 Bed Terraced House, Refurb/BRRR, Accrington, BB5 0LN, £100,000

Willows Lane, Accrington, Lancashire, BB5 0LN - 5 views - 8 months ago

Under Offer
Refurb/BRRR
ROI: 5%
~100 m²
+9 photos

ValuationFair Value

Sold Prices£38K - £320K
Sold Prices/m²£494/m² - £2.9K/m²

 

 

Square Metres

~100.09 m²
Price/m²£999/m²

Value Estimate

£101,000

 

 

End Value (After Refurb)

£100,090

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£25,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£42,434

Bridging Loan Interest

£2,625

Total Cash In

£76,009

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£100,090

Mortgage (After Refinance)

£75,068

Mortgage LTV

75%

Cash Released

£68

Cash Left In

£75,942

Equity

£25,023

Rent Range

£595 - £1,220

Rent Estimate

£782

Running Costs/mo

£489

Cashflow/mo

£293

Cashflow/yr

£3,514

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £38K to £320K, average is £132.5K. £494/m² to £2.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£110K07/210.09 mi148, Fife Street, Accrington, Lancashire BB5 0HZ3
£89K06/230.09 mi60, Ormerod Street, Accrington, Lancashire BB5 0QG3
£135K06/230.15 mi67, Wordsworth Road, Accrington, Lancashire BB5 0LU3
£88K02/210.19 mi215, Richmond Road, Accrington, Lancashire BB5 0JB3
£76K03/230.24 mi23, Higher Antley Street, Accrington, Lancashire BB5 0SN3
£47K08/210.27 mi1, Hope Street, Accrington, Lancashire BB5 0PL3
£38K04/210.31 mi6, Lindadale Avenue, Accrington, Lancashire BB5 0NG3
£92K05/210.31 mi21, Stevenson Street East, Accrington, Lancashire BB5 0SB3
£170K06/230.34 mi300, Willows Lane, Accrington, Lancashire BB5 0NJ3
£79.5K03/210.36 mi30, Fairfield Street, Accrington, Lancashire BB5 0LD3
£82K02/210.36 mi54, Fairfield Street, Accrington, Lancashire BB5 0LD3
£67K06/230.4 mi25, Edleston Street, Accrington, Lancashire BB5 0HG3
£61K06/230.4 mi9, Spring Street, Accrington, Lancashire BB5 0HE3
£85K04/230.4 mi27, Spring Street, Accrington, Lancashire BB5 0HE3
£213K12/200.41 mi4, Larch Road, Oswaldtwistle, Accrington, Lancashire BB5 3AN3
£172K12/220.47 mi24, Laburnum Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AW3
£179.9K03/210.47 mi53, Laburnum Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AW3
£179.9K10/200.47 mi22, Laburnum Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AW3
£108K02/230.48 mi16, Cartmel Avenue, Accrington, Lancashire BB5 0NW3
£55K11/210.5 mi71, Lonsdale Street, Accrington, Lancashire BB5 0HJ3
£95K10/210.5 mi65, Lonsdale Street, Accrington, Lancashire BB5 0HJ3
£320K12/220.52 mi6, Green Haworth View, Oswaldtwistle, Accrington, Lancashire BB5 3TH3
£142K02/210.52 mi51, Abbeydale Way, Accrington, Lancashire BB5 0EN3
£158K03/210.52 mi24, Abbeydale Way, Accrington, Lancashire BB5 0EN3
£125K05/210.52 mi47, Abbeydale Way, Accrington, Lancashire BB5 0EN3
£165K06/210.52 mi13, St Helens Close, Oswaldtwistle, Accrington, Lancashire BB5 3TL3
£160K03/210.54 mi16, Mayfield Avenue, Oswaldtwistle, Accrington, Lancashire BB5 3AA3
£165K06/210.6 mi10, Wycollar Close, Accrington, Lancashire BB5 2LG3
£155K06/230.6 mi23, Edinburgh Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AR3
£185K11/200.6 mi3, Durham Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AT3
£179.9K11/210.61 mi19, Apple Tree Way, Oswaldtwistle, Accrington, Lancashire BB5 0FB3
£168K05/210.63 mi1, Blossom Avenue, Oswaldtwistle, Accrington, Lancashire BB5 0FD3
£118K04/210.64 mi5, Rough Lee Road, Accrington, Lancashire BB5 2LR3
£79K04/230.65 mi22, Emma Street, Accrington, Lancashire BB5 1SW3
£128.5K04/210.65 mi48, Catlow Hall Street, Oswaldtwistle, Accrington, Lancashire BB5 3EZ3
£165K11/210.68 mi39, Park Lane, Oswaldtwistle, Accrington, Lancashire BB5 3AF3
£160K03/210.68 mi57, Park Lane, Oswaldtwistle, Accrington, Lancashire BB5 3AF3
£130K06/210.71 mi10, Hornby Street, Oswaldtwistle, Accrington, Lancashire BB5 3AG3
£170K08/210.71 mi54, Hornby Street, Oswaldtwistle, Accrington, Lancashire BB5 3AG3
£146K02/230.75 mi3, Charles Street, Oswaldtwistle, Accrington, Lancashire BB5 3EX3
£145K11/210.75 mi59, Rhyddings Street, Oswaldtwistle, Accrington, Lancashire BB5 3ER3
£65K12/200.75 mi3, Lee Street, Accrington, Lancashire BB5 6RP3
£150K06/210.76 mi5, Sandy Lane, Accrington, Lancashire BB5 2AT3
£103K12/220.79 mi109, Hyndburn Road, Church, Accrington, Lancashire BB5 4AA3
£84K02/210.79 mi3, Hyndburn Road, Church, Accrington, Lancashire BB5 4AA3
£157K11/200.79 mi30, Cobham Road, Accrington, Lancashire BB5 2AD3
£154K09/210.84 mi149, Manchester Road, Accrington, Lancashire BB5 2NY3
£155K12/220.87 mi24, Howarth Avenue, Church, Accrington, Lancashire BB5 4AF3
£95K12/200.87 mi71, Avenue Parade, Accrington, Lancashire BB5 6PN3
£78K04/230.87 mi49, Washington Street, Accrington, Lancashire BB5 6TF3

Local Rents

11 rents from £595/mo to £1.2K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£69512/240.13 miDunnyshop Avenue, Accrington, Lancashire, BB53
£59512/240.24 miSlaidburn Drive, Accrington, BB53
£65012/240.27 mi-3
£65012/240.27 miChester St, Accrington, BB53
£1,05012/240.3 miWillows Park, Accrington, BB53
£1,05012/240.3 miWillows Park, Accrington, BB53
£65002/250.31 mi-3
£1,05012/240.35 miWillows Park, Accrington, BB53
£1,22012/240.35 miWillows Park, Accrington, BB53
£75012/240.38 miExchange Street, BB53
£75012/240.45 mi-3

Local Area Statistics

Population in BB5

61,415

Town centre distance

0.72 miles away

Nearest school

0.10 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £100,000

July 26, 2024

Floor Plans

Description

  • Elevated Terrace Property +
  • Bay Window Fronted +
  • Excellent Further Potential +
  • Two Reception Rooms +
  • Three Bedrooms +
  • Gas Central Heating +
  • uPVC Double Glazing +
  • Good Room Proportions +
  • Convenient Locaton for Amenties +
  • NO ONWARD CHAIN +

Free from an onward chain, and with vacant possession, this is an ideal opportunity for a buyer looking for a property that is full of further potential.

This mid terrace property which is elevated from the main street via stone steps and a forecourt garden is an ideal opportunity for a buyer looking for a house which is in need of some refurbishment works.

The house itself briefly comprises; vestibule and hallway housing the staircase and doors off to the two spacious reception rooms, both with focal fireplaces, kitchen.

Upstairs you will find the three bedrooms and the three piece bathroom. The house benefits from uPVC double glazed windows and doors. To the rear is a yard and a garage space which could be demolished for more space or fixed up for a workshop.

This property has lot of potential to create a lovely family home . No onward chain . A property which is definitely worth a look. Call our Sales Team at your earliest convenience to arrange a viewing.

Agent Details

Property Shop - Sales & Lettings, Accrington

01254 961463

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.