3 Bed Terraced House, Refurb/BRRR, Accrington, BB5 1AW, £78,000

128 Dowry Street, Accrington, Lancashire, BB5 1AW - 5 views - 6 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 5%
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£47K - £334K
Sold Prices/m²£570/m² - £3.6K/m²

 

 

Square Metres

~93 m²
Price/m²£839/m²

Value Estimate

£72,100

 

 

End Value (After Refurb)

£103,291

Uplift in Value

+48%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,500

Stamp Duty & Legal Fees

£3,300

Refurb Costs

£39,428

Bridging Loan Interest

£2,048

Total Cash In

£66,026

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£103,291

Mortgage (After Refinance)

£77,468

Mortgage LTV

75%

Cash Released

£18,968

Cash Left In

£47,057

Equity

£25,823

Rent Range

£400 - £975

Rent Estimate

£784

Running Costs/mo

£500

Cashflow/mo

£284

Cashflow/yr

£3,413

ROI

5%

Gross Yield

12%

Local Sold Prices

50 sold prices from £47K to £334K, average is £127.3K. £570/m² to £3.6K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£49K06/230.08 mi92, Burnley Road, Accrington, Lancashire BB5 6DW3
£107K08/230.08 mi126, Burnley Road, Accrington, Lancashire BB5 6DW3
£82.5K06/230.08 mi33, Lodge Street, Accrington, Lancashire BB5 6EQ3
£95K12/200.15 mi71, Avenue Parade, Accrington, Lancashire BB5 6PN3
£110K03/230.17 mi26, Owen Street, Accrington, Lancashire BB5 6AU3
£82K02/210.18 mi3, Marlborough Road, Accrington, Lancashire BB5 6AY3
£73K12/200.18 mi84, Stanley Street, Accrington, Lancashire BB5 6PQ3
£148K09/210.2 mi50, Queens Road, Accrington, Lancashire BB5 6AW3
£132K11/210.2 mi76, Queens Road, Accrington, Lancashire BB5 6AW3
£88K05/230.21 mi156, Water Street, Accrington, Lancashire BB5 6QU3
£104K10/210.21 mi44, Aitken Street, Accrington, Lancashire BB5 6AX3
£85K10/210.24 mi108, Bold Street, Accrington, Lancashire BB5 6SW3
£122.5K04/230.24 mi71, Alice Street, Accrington, Lancashire BB5 6QR3
£160K03/230.27 mi29, Thorneyholme Road, Accrington, Lancashire BB5 6BD3
£121K07/230.27 mi127, Bold Street, Accrington, Lancashire BB5 6SR3
£145K08/210.27 mi15, Coppice Avenue, Accrington, Lancashire BB5 6QS3
£280K06/230.27 mi10, Coppice Avenue, Accrington, Lancashire BB5 6QS3
£170K02/230.27 mi6, Birkett Road, Accrington, Lancashire BB5 6DG3
£108K10/210.29 mi251, Stanley Street, Accrington, Lancashire BB5 6QQ3
£112K02/210.29 mi205, Stanley Street, Accrington, Lancashire BB5 6QQ3
£190K03/210.29 mi15, Winchester Avenue, Accrington, Lancashire BB5 6BP3
£131K06/210.32 mi85, Marlborough Road, Accrington, Lancashire BB5 6BL3
£65K12/200.33 mi3, Lee Street, Accrington, Lancashire BB5 6RP3
£78K04/230.33 mi49, Washington Street, Accrington, Lancashire BB5 6TF3
£100.3K01/210.33 mi59, Devonshire Street, Accrington, Lancashire BB5 1DW3
£149.5K11/210.35 mi2, Clarendon Street, Accrington, Lancashire BB5 6TA3
£127K11/210.35 mi250, Burnley Road, Accrington, Lancashire BB5 6HD3
£120K02/230.41 mi4, Queensborough Road, Accrington, Lancashire BB5 5AP3
£334K12/220.41 mi4, Whitewell Road, Accrington, Lancashire BB5 6DA3
£184K03/230.42 mi11, Limewood Close, Accrington, Lancashire BB5 6UL3
£128K06/210.42 mi121, Plantation Road, Accrington, Lancashire BB5 6RU3
£145K03/210.43 mi21, Pinewood Drive, Accrington, Lancashire BB5 6UG3
£157K11/200.43 mi30, Cobham Road, Accrington, Lancashire BB5 2AD3
£150K06/210.46 mi5, Sandy Lane, Accrington, Lancashire BB5 2AT3
£186K05/230.48 mi140, Queens Road West, Accrington, Lancashire BB5 4BA3
£110K03/230.51 mi12, Ribblesdale Avenue, Accrington, Lancashire BB5 5BW3
£84K07/230.51 mi3, Ribblesdale Avenue, Accrington, Lancashire BB5 5BW3
£120K05/230.51 mi18, Ribblesdale Avenue, Accrington, Lancashire BB5 5BW3
£225K02/230.51 mi12, Aysgarth Drive, Accrington, Lancashire BB5 6SA3
£137.5K09/210.54 mi15, Ascot Way, Accrington, Lancashire BB5 2AH3
£185K10/210.54 mi63, Ascot Way, Accrington, Lancashire BB5 2AH3
£78K03/210.54 mi198, Haywood Road, Accrington, Lancashire BB5 5BP3
£130K12/210.54 mi198, Haywood Road, Accrington, Lancashire BB5 5BP3
£198.5K01/210.56 mi14, Sedburgh Close, Accrington, Lancashire BB5 6TN3
£127.5K01/230.56 mi3, Entwisle Road, Accrington, Lancashire BB5 5AE3
£189K12/200.56 mi6, Askrigg Close, Accrington, Lancashire BB5 6SD3
£230K02/210.63 mi15, Leyburn Close, Accrington, Lancashire BB5 6SE3
£185K12/220.65 mi3, Livingstone Road, Accrington, Lancashire BB5 5BX3
£118K04/210.67 mi5, Rough Lee Road, Accrington, Lancashire BB5 2LR3
£47K08/210.7 mi1, Hope Street, Accrington, Lancashire BB5 0PL3

Local Rents

11 rents from £400/mo to £975/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£40012/240.03 mi-3
£72512/240.14 miManor Street, Accrington, BB53
£72502/240.17 mi-3
£67512/240.19 mi-3
£67512/240.19 miNorfolk Street, Accrington, BB53
£75012/240.2 mi-3
£72502/250.32 mi-3
£69501/250.32 mi-3
£69502/250.32 mi-3
£90012/240.41 mi-3
£97512/240.49 miRibblesdale Place, Accrington, BB53

Local Area Statistics

Population in BB5

61,415

Town centre distance

0.52 miles away

Nearest school

0.10 miles away

Nearest train station

0.48 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 £78,000

February 4, 2025

Price changed to £70,000

January 7, 2025

Price changed to £80,000

January 4, 2025

Price changed to £68,000

December 11, 2024

Listed for £70,000

September 9, 2024

Sold for £65,000

2004

Floor Plans

Description

  • Being Sold By Online Auction +
  • Buy-It-Now Option Available +
  • Buyer's Fees Apply +
  • Excellent First Time Buyer Or Investment Opportunity +
  • Freehold +
  • Chain Free +
  • Access From Front & Rear Available +
  • Two Receptions +
  • Three Bedrooms +
  • Council Tax Band A +

CALLING ALL INVESTORS AND DEVELOPERS!
A rear and unique opportunity to purchase this three bedroom terraced house conveniently located close to shops and amenities and within walking distance to Accrington Town Centre.  Of course, the property is in need of modernisation, but would be a unique development opportunity. The property is located just off Burnley Road local to shops, amenities, schools and places of worship. Transport facilities are also located nearby as well as having easy access to motorway links.  Investors, first time buyers and developers, viewing is highly recommended!

Material information: The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
Being Sold by GOTO Online Auction Starting Bids from £75,000 Buy it now option available Please call or visit Yopa Online Auctions for more information. This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract is received by the buyer’s solicitor (or 10 working days after receipt of the buyer’s premium, whichever is earlier). Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee called a Buyer’s Premium. This secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.  Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by GOTO Auctions.  To book a viewing visit Yopa. **Auctioneer's Comments:
**This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be arranged.  The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer reserve the property to the buyer during the Reservation Period and are paid in addition to the purchase price and are considered within calculations for Stamp Duty Land Tax. Further clarification on this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from our website or requested from our Auction Department. Buyer Fees · Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyer’s Premium of £6,600 including VAT a Legal Pack fee of £372 including VAT. This secures the transaction and takes the property off the market. · Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, North West & Midlands

01525 659945

Next Steps?

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