3 Bed Semi-Detached House, Refurb/BRRR, Bacup, OL13 0TF, £155,000

Booth Road, Stacksteads, Rossendale, OL13 0TF - 2 views - 7 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
~93 m²
+25 photos

ValuationOvervalued

Sold Prices£75K - £355K
Sold Prices/m²£743/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£134,350

 

 

End Value (After Refurb)

£155,879

Uplift in Value

+1%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Refurb Costs

£39,200

Bridging Loan Interest

£4,069

Total Cash In

£89,619

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£155,879

Mortgage (After Refinance)

£116,909

Mortgage LTV

75%

Cash Released

£659

Cash Left In

£88,960

Equity

£38,970

Rent Range

£650 - £995

Rent Estimate

£830

Running Costs/mo

£673

Cashflow/mo

£157

Cashflow/yr

£1,883

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £75K to £355K, average is £145.5K. £743/m² to £2.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£180K08/230.06 mi81, Booth Road, Stacksteads, Bacup, Lancashire OL13 0TA3
£110K01/210.06 mi79, Booth Road, Bacup, Lancashire OL13 0TA3
£172.5K01/210.07 mi164, Booth Road, Stacksteads, Bacup, Lancashire OL13 0TF3
£226K02/210.07 mi124, Booth Road, Stacksteads, Bacup, Lancashire OL13 0TF3
£93.5K05/210.13 mi367, Newchurch Road, Bacup, Lancashire OL13 0NB3
£125K06/230.13 mi522, Newchurch Road, Bacup, Lancashire OL13 0NB3
£150K07/230.13 mi367, Newchurch Road, Bacup, Lancashire OL13 0NB3
£175K07/230.14 mi38, Heathbourne Road, Stacksteads, Bacup, Lancashire OL13 0SW3
£167K07/210.14 mi38, Heathbourne Road, Stacksteads, Bacup, Lancashire OL13 0SW3
£157.5K08/210.14 mi8, Crowtree Avenue, Stacksteads, Bacup, Lancashire OL13 0LP3
£140K11/200.14 mi4, Crowtree Avenue, Stacksteads, Bacup, Lancashire OL13 0LP3
£135K09/230.15 mi10, Tunstead Mill Terrace, Bacup, Lancashire OL13 0ND3
£152K05/220.16 mi520, Newchurch Road, Bacup, Lancashire OL13 0NB3
£150K08/230.24 mi333, Newchurch Road, Bacup, Lancashire OL13 0LD3
£217.5K12/200.26 mi2, Brandwood Park, Bacup, Lancashire OL13 0PA3
£100K03/210.31 mi15, Heathfield Avenue, Stacksteads, Bacup, Lancashire OL13 0SQ3
£123K05/230.34 mi33, Tunstead Road, Stacksteads, Bacup, Lancashire OL13 0RU3
£275K05/210.34 miSunny Bank House, Trinity Street, Stacksteads, Bacup, Lancashire OL13 0RN3
£110K04/210.38 mi18, Plantation Street, Bacup, Lancashire OL13 0QX3
£82K10/230.39 mi24, Union Street, Stacksteads, Bacup, Lancashire OL13 0RQ3
£141K06/210.39 mi3, Hey Head Avenue, Rossendale, Lancashire BB4 9BS3
£112.5K11/200.4 mi15, Blackwood Court, Stacksteads, Bacup, Lancashire OL13 0BD3
£149.9K02/240.4 mi854, Glen Top, Bacup, Lancashire OL13 0NW3
£180K11/220.46 mi2, Mitchell Field Nook, Bacup, Lancashire OL13 8NJ3
£200K05/230.46 mi4, Mitchell Field Nook, Bacup, Lancashire OL13 8NJ3
£225K10/220.47 mi1, Sunnindale Avenue, Waterfoot, Rossendale, Lancashire BB4 9UF3
£132K05/210.5 mi6, Commercial Street, Bacup, Lancashire OL13 0UA3
£141K12/200.53 mi7, Park Road, Waterfoot, Rossendale, Lancashire BB4 9BW3
£110K12/200.53 mi9, Park Road, Waterfoot, Rossendale, Lancashire BB4 9BW3
£292K09/210.54 mi49, Booth Road, Waterfoot, Rossendale, Lancashire BB4 9BP3
£355K10/200.55 mi8, Wolfenden Green, Waterfoot, Rossendale, Lancashire BB4 9DA3
£128K03/210.56 mi193, Newchurch Road, Bacup, Lancashire OL13 0UE3
£75K06/210.6 mi32, Branch Street, Stacksteads, Bacup, Lancashire OL13 0TX3
£115K12/230.6 mi13, Branch Street, Stacksteads, Bacup, Lancashire OL13 0TX3
£168K06/230.6 mi22, Osborne Terrace, Stacksteads, Bacup, Lancashire OL13 8JZ3
£114.5K04/210.61 mi13, Hindle Street, Stacksteads, Bacup, Lancashire OL13 8LL3
£75K12/210.62 mi21, Acre Mill Road, Bacup, Lancashire OL13 0HF3
£89K07/230.63 mi7, West View, Waterfoot, Rossendale, Lancashire BB4 9BH3
£118.5K09/210.63 mi4, Hill Crest, Bacup, Lancashire OL13 8LA3
£82K06/230.64 mi6, Farholme Lane, Stacksteads, Bacup, Lancashire OL13 0EU3
£164K11/210.65 mi8, Prospect Villas, Waterfoot, Rossendale, Lancashire BB4 9SP3
£157K11/200.65 mi8, Prospect Villas, Waterfoot, Rossendale, Lancashire BB4 9SP3
£136.5K06/210.66 mi5, Crabtree Avenue, Rossendale, Lancashire BB4 9TE3
£125K12/220.66 mi8, Glen Terrace, Rossendale, Lancashire BB4 7BS3
£270K10/220.66 miBrookside Bungalow, Greens Lane, Stacksteads, Bacup, Lancashire OL13 0JJ3
£135K02/230.67 mi17, Crabtree Avenue, Edgeside, Rossendale, Lancashire BB4 9TE3
£156.5K06/230.67 mi19, Taylor Avenue, Edgeside, Rossendale, Lancashire BB4 9SY3
£179.9K05/230.67 mi31, Taylor Avenue, Edgeside, Rossendale, Lancashire BB4 9SY3
£150K10/220.67 mi167, Newchurch Road, Bacup, Lancashire OL13 0TS3
£175K12/220.69 mi185a, Edgeside Lane, Edgeside, Rossendale, Lancashire BB4 9TS3

Local Rents

28 rents from £650/mo to £995/mo, average is £813/mo.

RentDateDistanceAddressBeds 
£92504/250.02 mi-3
£95002/250.17 mi-3
£80006/240.24 mi-3
£99503/250.32 mi-3
£79503/240.35 mi-3
£79502/250.35 mi-3
£95006/240.52 miNewchurch Road, Stacksteads, Bacup3
£75002/240.57 mi-3
£99512/240.59 miWales Road, Rossendale, Lancashire, BB43
£65006/240.63 miAcre Mill Road, Bacup3
£80002/240.63 mi-3
£82512/240.64 mi-3
£77506/240.65 miFarholme Lane, Stacksteads3
£89504/250.65 mi-3
£77506/240.68 miNewchurch Road, Bacup, OL133
£77507/240.68 miNewchurch Road, Bacup, OL133
£90007/240.7 mi-3
£90007/240.7 miHammond Avenue, Bacup, OL133
£80009/240.72 mi-3
£80008/230.81 mi-3
£80009/240.81 mi-3
£75003/250.81 mi-3
£85012/240.85 miBridleway, Rossendale, Lancashire, BB43
£95012/240.86 mi-3
£90012/241.04 mi-3
£79512/231.04 mi-3
£85012/241.05 mi-3
£85001/241.14 mi-3

Local Area Statistics

Population in OL13

15,293

Town centre distance

1.98 miles away

Nearest school

0.30 miles away

Nearest train station

6.43 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £155,000

September 2, 2024

Floor Plans

Description

  • DECEPTIVELY SPACIOUS END TERRACED COTTAGE +
  • 2 RECEPTION ROOMS AND KITCHEN +
  • 3 BEDROOMS ON FIRST FLOOR +
  • FAMILY BATHROOM WITH SEPARATE WC +
  • SOME DEGREE OF MODERNISATION IS NEEDED BUT LOTS OF POTENTIAL +
  • WITHIN THE CATCHMENT AREA OF EXCELLENT LOCAL SCHOOLS +
  • EXCELLENT COMMUTER LINKS - SHORT DRIVING DISTANCE TO M66 +
  • CLOSE TO LOCAL AMENITIES +
  • COUNTRYSIDE WALKS ON YOUR DOORSTEP +

Charming Three-Bedroom End-Terrace Cottage with Stunning Views and Original Features in need of modernising.

Nestled in the picturesque village of Stacksteads, Bacup, this substantial three-bedroom end-terrace cottage offers a blend of character, space, and potential. With on-road parking, a delightful rear garden, and captivating views over open farmland, this property presents an exceptional opportunity for those looking to modernise while retaining the home's historic charm. The cottage is brimming with original features, from the striking stone-built fireplace to the stunning dark wood beams that adorn the downstairs rooms. Viewing is essential to fully appreciate the unique qualities of this property.

Ground Floor:

Entrance Hall - 4.43m x 1.82m:
As you enter through the front door, you are welcomed by a spacious entrance hall that immediately showcases the home's character with original beams adorning the high ceilings. This area provides an inviting first impression and sets the tone for the rest of the house.

Living Room - 4.66m x 4.51m:
The living room is a large, inviting space that features a beautiful stone-built fireplace as its focal point. The room is bathed in natural light from a wide window, and the original dark wood beams add a touch of history and warmth, making it the perfect spot for relaxation.

Dining Room - 4.58m x 3.90m:
This spacious dining room is ideal for family meals or entertaining guests. The high ceilings and continuation of the original beams create a seamless flow from the living room, while the generous size allows for versatile use, potentially as an additional lounge area.

Kitchen - 4.91m x 2.42m:
The L-shaped kitchen, while in need of modernisation, offers a unique layout that could be transformed into a character-filled space. The kitchen's design lends itself to creative updates, offering a perfect canvas for a new owner to personalise.

First Floor:

Bedroom 1 - 4.71m x 3.35m:
The master bedroom is a super king-sized room that offers ample space for furniture and personal touches as well as current built in furniture. With a fantastic view of the rolling hills at the front of the property, this room is a peaceful retreat.

Bedroom 2 - 4.76m x 3.11m:
Also a super king-sized room, the second bedroom features built-in wardrobes that will remain with the property. This room offers another great view to the front, providing a tranquil setting.

Bedroom 3 - 4.68m x 2.28m:
Despite being the smallest bedroom, this room still comfortably accommodates a double bed and offers various redecoration possibilities. It enjoys a lovely view over the rear of the property.

Bathroom - 3.89m x 1.64m:
The bathroom is spacious, featuring both a bath and a separate shower. With a bit of modernisation, this room could be transformed into a luxurious and practical space.

WC - 1.07m x 0.79m:
A separate WC offers convenience and adds to the practicality of the upstairs layout.

Stacksteads is a charming village located in the sought-after Rossendale Valley. Surrounded by rolling hills and open countryside, it's ideal for outdoor enthusiasts. The village offers a close-knit community, excellent local amenities, and convenient transport links, including easy access to the M66 motorway towards Manchester.

SOLD AS SEEN - An opportunity to create your dream home in a stunning location!

COUNCIL TAX
We can confirm the property is council tax band C - payable to Rossendale Borough Council.

TENURE
We can confirm the property is Leasehold - 999 years from 1 January 1907 - 882 years remaining. Ground Rent: £2.50 per annum.

PLEASE NOTE
All measurements are approximate to the nearest 0.1m and for guidance only and they should not be relied upon for the fitting of carpets or the placement of furniture. No checks have been made on any fixtures and fittings or services where connected (water, electricity, gas, drainage, heating appliances or any other electrical or mechanical equipment in this property

Agent Details

Coppenwall, Rossendale

01706 335888

Next Steps?

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