3 Bed Semi-Detached House, Refurb/BRRR, Bacup, OL13 8LN, £169,950

Hammond Avenue, Stacksteads, Rossendale, OL13 8LN - 1 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+32 photos

ValuationOvervalued

Sold Prices£75K - £275K
Sold Prices/m²£743/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£130,695

 

 

End Value (After Refurb)

£159,450

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,488

Stamp Duty & Legal Fees

£6,299

Refurb Costs

£39,200

Bridging Loan Interest

£4,461

Total Cash In

£94,197

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£159,450

Mortgage (After Refinance)

£119,588

Mortgage LTV

75%

Cash Left In

£94,197

Equity

£39,863

Rent Range

£650 - £995

Rent Estimate

£808

Running Costs/mo

£680

Cashflow/mo

£128

Cashflow/yr

£1,537

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £75K to £275K, average is £145K. £743/m² to £2.8K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£114.5K04/210.05 mi13, Hindle Street, Stacksteads, Bacup, Lancashire OL13 8LL3
£168K06/230.05 mi22, Osborne Terrace, Stacksteads, Bacup, Lancashire OL13 8JZ3
£150K10/220.05 mi167, Newchurch Road, Bacup, Lancashire OL13 0TS3
£82K06/230.09 mi6, Farholme Lane, Stacksteads, Bacup, Lancashire OL13 0EU3
£118.5K09/210.09 mi4, Hill Crest, Bacup, Lancashire OL13 8LA3
£87K05/210.1 mi14, Holme Street, Stacksteads, Bacup, Lancashire OL13 0ET3
£87.5K04/230.1 mi17, Holme Street, Stacksteads, Bacup, Lancashire OL13 0ET3
£75K06/210.1 mi32, Branch Street, Stacksteads, Bacup, Lancashire OL13 0TX3
£115K12/230.1 mi13, Branch Street, Stacksteads, Bacup, Lancashire OL13 0TX3
£128K03/210.11 mi193, Newchurch Road, Bacup, Lancashire OL13 0UE3
£180K05/220.11 mi28, Fernhill Drive, Stacksteads, Bacup, Lancashire OL13 8JS3
£138.4K07/210.13 mi26, Fernhill Drive, Bacup, Lancashire OL13 8JS3
£185K11/210.13 mi36, Fernhill Drive, Stacksteads, Bacup, Lancashire OL13 8JS3
£245K11/220.13 mi12, Fernville Terrace, Bacup, Lancashire OL13 0EH3
£190K11/230.13 mi2, Fernville Terrace, Bacup, Lancashire OL13 0EH3
£83K11/200.16 mi145a, Newchurch Road, Bacup, Lancashire OL13 0EE3
£132K05/210.18 mi6, Commercial Street, Bacup, Lancashire OL13 0UA3
£75K12/210.2 mi21, Acre Mill Road, Bacup, Lancashire OL13 0HF3
£218K12/200.23 mi6, Fernhill Close, Bacup, Lancashire OL13 8JT3
£130K01/240.24 mi16, Fernhill Crescent, Stacksteads, Bacup, Lancashire OL13 8JU3
£158.9K03/230.25 mi4, Back Rushton Street, Stacksteads, Bacup, Lancashire OL13 0DN3
£82K10/230.28 mi24, Union Street, Stacksteads, Bacup, Lancashire OL13 0RQ3
£160K10/230.29 mi129, Newchurch Road, Bacup, Lancashire OL13 0DH3
£110K04/210.29 mi18, Plantation Street, Bacup, Lancashire OL13 0QX3
£123K05/230.32 mi33, Tunstead Road, Stacksteads, Bacup, Lancashire OL13 0RU3
£120K05/210.32 mi45, Lee Road, Bacup, Lancashire OL13 0EA3
£106.5K05/210.32 mi12, Lee Road, Bacup, Lancashire OL13 0EA3
£100K11/200.33 mi85, Cutler Lane, Bacup, Lancashire OL13 0HW3
£190K12/230.33 mi59, Cutler Lane, Stacksteads, Bacup, Lancashire OL13 0HW3
£180K11/220.33 mi2, Mitchell Field Nook, Bacup, Lancashire OL13 8NJ3
£200K05/230.33 mi4, Mitchell Field Nook, Bacup, Lancashire OL13 8NJ3
£112.5K11/200.35 mi15, Blackwood Court, Stacksteads, Bacup, Lancashire OL13 0BD3
£100K03/210.36 mi15, Heathfield Avenue, Stacksteads, Bacup, Lancashire OL13 0SQ3
£275K05/210.36 miSunny Bank House, Trinity Street, Stacksteads, Bacup, Lancashire OL13 0RN3
£270K10/220.36 miBrookside Bungalow, Greens Lane, Stacksteads, Bacup, Lancashire OL13 0JJ3
£220K06/230.36 mi25, Rockcliffe Avenue, Bacup, Lancashire OL13 8JH3
£196K06/210.36 mi21, Rockcliffe Avenue, Bacup, Lancashire OL13 8JH3
£244K07/210.48 mi65, Bankside Lane, Bacup, Lancashire OL13 8HP3
£150K08/230.5 mi333, Newchurch Road, Bacup, Lancashire OL13 0LD3
£175K07/230.52 mi38, Heathbourne Road, Stacksteads, Bacup, Lancashire OL13 0SW3
£167K07/210.52 mi38, Heathbourne Road, Stacksteads, Bacup, Lancashire OL13 0SW3
£168K07/230.54 mi22, New Line, Bacup, Lancashire OL13 0BY3
£157.5K08/210.56 mi8, Crowtree Avenue, Stacksteads, Bacup, Lancashire OL13 0LP3
£140K11/200.56 mi4, Crowtree Avenue, Stacksteads, Bacup, Lancashire OL13 0LP3
£174.2K10/220.59 mi84, Bankside Lane, Bacup, Lancashire OL13 8HP3
£180K08/230.59 mi81, Booth Road, Stacksteads, Bacup, Lancashire OL13 0TA3
£110K01/210.59 mi79, Booth Road, Bacup, Lancashire OL13 0TA3
£245K03/240.62 mi9, The Square, Bacup, Lancashire OL13 8HR3
£135K09/230.63 mi10, Tunstead Mill Terrace, Bacup, Lancashire OL13 0ND3
£93.5K05/210.69 mi367, Newchurch Road, Bacup, Lancashire OL13 0NB3

Local Rents

15 rents from £650/mo to £995/mo, average is £800/mo.

RentDateDistanceAddressBeds 
£90007/240.06 mi-3
£90007/240.06 miHammond Avenue, Bacup, OL133
£77506/240.07 miNewchurch Road, Bacup, OL133
£77507/240.07 miNewchurch Road, Bacup, OL133
£89504/250.07 mi-3
£77506/240.08 miFarholme Lane, Stacksteads3
£82512/240.09 mi-3
£75002/240.1 mi-3
£95006/240.14 miNewchurch Road, Stacksteads, Bacup3
£65006/240.19 miAcre Mill Road, Bacup3
£79503/240.33 mi-3
£79502/250.33 mi-3
£99503/250.35 mi-3
£80006/240.48 mi-3
£95002/250.49 mi-3

Local Area Statistics

Population in OL13

15,293

Town centre distance

1.54 miles away

Nearest school

0.10 miles away

Nearest train station

4.60 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £169,950

September 16, 2024

Floor Plans

Description

  • 3 BED SEMI DETACHED FAMILY HOME +
  • GATED DRIVEWAY FOR MULTIPLE CARS +
  • KITCHEN & UTILITY ROOM +
  • 3 GOOD SIZED BEDROOMS 2 DOUBLE 1 SINGLE +
  • FREEHOLD / COUNCIL TAX BAND A +
  • CLOSE TO LOCAL AMENITIES, SCHOOLS AND PARKS +
  • DOES REQUIRE SOME UPGRADING AND MODERNISATION +
  • COUNTRYSIDE WALKS ON YOUR DOORSTEP +

GOOD SIZED 3 BEDROOM SEMI DETACHED FAMILY HOME WITH PARTIAL COUNTRYSIDE VIEWS, LOCATED IN THE POPULAR RESIDENTIAL AREA OF STACKSTEADS. IDEAL FAMILY HOME. COUNCIL TAX BAND A / FREEHOLD TENURE WITH NO GROUND RENT TO PAY.

Semi-detached property with rear extension which provides an extra utility / storage space. The rear of the property has a patio area with garden. Partial countryside views over to Lee mill quarry.

The property comprises: an Entrance porch / vestibule, a dual aspect lounge, a galley style kitchen with an extra utility space, and storage nook. To the first floor you have 2 double bedrooms with views to the rear of the property and a single bedroom with views to the front, and a family shower room.

GROUND FLOOR

ENTRANCE PORCH / VESTIBULE

LOUNGE - 6.1m x 3.3m

KITCHEN DINER - 4.2m x 2.7m

UTILITY 1 - 2.3m x 2.0m

UTILITY STORE - 2.3m x 0.8m

FIRST FLOOR

MASTER BEDROOM - 3.8m x 3.7m
Views out to the rear of the property / and rear garden.

BED 2 - 4.2m x 2.7m
Double bedroom with views out to the rear.

BED 3 - 2.6m x 2.3m
Smaller single room to the front of the house.

BATHROOM - 2.0m x 1.7m
Bathroom / shower room with storage.

EXTERNALLY
To the front you have mature hedges with walkway, and to the side of the property you have a gated driveway for multiple cars, and to the rear you have a patio area and a lawn with hedges either side.

Council Tax
We can confirm the property is council tax band A - payable to Rossendale Borough Council.

Tenure
We can confirm the property is Freehold.

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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