2 Bed Terraced House, Refurb/BRRR, Accrington, BB5 3AG, £129,950

Hornby Street, Oswaldtwistle, Accrington, Lancashire, BB5 3AG - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+22 photos

ValuationOvervalued

Sold Prices£47K - £208K
Sold Prices/m²£342/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£72,862

 

 

End Value (After Refurb)

£122,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£5,099

Refurb Costs

£28,876

Bridging Loan Interest

£3,411

Total Cash In

£71,624

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£122,000

Mortgage (After Refinance)

£91,500

Mortgage LTV

75%

Cash Left In

£71,624

Equity

£30,500

Rent Range

£550 - £750

Rent Estimate

£596

Running Costs/mo

£520

Cashflow/mo

£76

Cashflow/yr

£907

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £47K to £208K, average is £90.8K. £342/m² to £2.7K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£88.5K01/210.03 mi42, Catlow Hall Street, Oswaldtwistle, Accrington, Lancashire BB5 3EU2
£118K10/210.06 mi8, Charles Street, Oswaldtwistle, Accrington, Lancashire BB5 3EX2
£145K01/230.07 mi24, Fielding Lane, Oswaldtwistle, Accrington, Lancashire BB5 3BH2
£91.5K12/200.12 mi38, Rhyddings Street, Oswaldtwistle, Accrington, Lancashire BB5 3ER2
£131K03/230.12 mi12, Cecil Street, Oswaldtwistle, Accrington, Lancashire BB5 3HF2
£84K05/210.14 mi7, Higher Heys, Oswaldtwistle, Accrington, Lancashire BB5 3BP2
£128K09/210.14 mi77, Lord Street, Oswaldtwistle, Accrington, Lancashire BB5 3EF2
£92K03/230.14 mi63, Lord Street, Oswaldtwistle, Accrington, Lancashire BB5 3EF2
£90K08/210.17 mi24, Haworth Street, Oswaldtwistle, Accrington, Lancashire BB5 3EA2
£122K02/230.17 mi8, Chapel Street, Oswaldtwistle, Accrington, Lancashire BB5 3EP2
£75K05/230.18 mi7, Chapel Street, Oswaldtwistle, Accrington, Lancashire BB5 3EP2
£65K10/210.18 mi5, Brook Street, Oswaldtwistle, Accrington, Lancashire BB5 3JA2
£69.5K05/230.18 mi17, Brook Street, Oswaldtwistle, Accrington, Lancashire BB5 3JA2
£96K11/200.19 mi5, Paddock Street, Oswaldtwistle, Accrington, Lancashire BB5 3HJ2
£60K07/230.19 mi4, Mill Street, Oswaldtwistle, Accrington, Lancashire BB5 3HY2
£164K11/200.22 mi12, Oakfield Crescent, Oswaldtwistle, Accrington, Lancashire BB5 3AD2
£67K05/230.24 mi16, Garden Street, Oswaldtwistle, Accrington, Lancashire BB5 3LS2
£90K05/210.25 mi19, Robert Street, Oswaldtwistle, Accrington, Lancashire BB5 3JT2
£115K10/210.27 mi44, Mill Hill, Oswaldtwistle, Accrington, Lancashire BB5 3LX2
£50K03/230.28 mi3, Milton Street, Oswaldtwistle, Accrington, Lancashire BB5 3LZ2
£95K11/210.29 mi22, Milton Street, Oswaldtwistle, Accrington, Lancashire BB5 3LZ2
£66K02/210.29 mi7, Milton Street, Oswaldtwistle, Accrington, Lancashire BB5 3LZ2
£101K02/210.3 mi24, Broadfield Street, Oswaldtwistle, Accrington, Lancashire BB5 3BQ2
£127K07/230.3 mi2, Broadfield Street, Oswaldtwistle, Accrington, Lancashire BB5 3BQ2
£65.3K05/210.31 mi41, Cross Street, Oswaldtwistle, Accrington, Lancashire BB5 3LL2
£76K01/210.36 mi18, High Street, Oswaldtwistle, Accrington, Lancashire BB5 3BB2
£133.5K12/200.36 mi12, Yew Tree Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AX2
£143K08/210.36 mi14, Yew Tree Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AX2
£72K07/210.37 mi4, Queen Street, Oswaldtwistle, Accrington, Lancashire BB5 3DQ2
£112K08/210.39 mi23, The Cooperage, Oswaldtwistle, Accrington, Lancashire BB5 3LB2
£85K11/200.41 mi127, Roe Greave Road, Oswaldtwistle, Accrington, Lancashire BB5 3QF2
£66K01/210.42 mi12, Roe Greave Road, Oswaldtwistle, Accrington, Lancashire BB5 3QD2
£62K12/200.43 mi14, Spring Hill Road, Accrington, Lancashire BB5 0EX2
£70K03/230.44 mi13, Pickup Street, Accrington, Lancashire BB5 0EY2
£125K08/210.45 mi42, White Ash Lane, Oswaldtwistle, Accrington, Lancashire BB5 3JG2
£148K05/230.45 mi67, White Ash Lane, Oswaldtwistle, Accrington, Lancashire BB5 3JG2
£68K12/210.45 mi36, Spring Street, Accrington, Lancashire BB5 0HF2
£120K05/230.45 mi11, Stanley Street, Oswaldtwistle, Accrington, Lancashire BB5 3PZ2
£87K12/200.45 mi36, Stanley Street, Oswaldtwistle, Accrington, Lancashire BB5 3PZ2
£47K11/200.46 mi55, Spring Street, Accrington, Lancashire BB5 0HE2
£208K02/230.46 mi11, Pine Crescent, Oswaldtwistle, Accrington, Lancashire BB5 3TF2
£117.5K03/230.47 mi6, Bury Street, Oswaldtwistle, Accrington, Lancashire BB5 3JE2
£127K04/210.49 mi15, Apple Tree Way, Oswaldtwistle, Accrington, Lancashire BB5 0FB2
£62K03/230.49 mi38, Edleston Street, Accrington, Lancashire BB5 0HG2
£120K03/230.49 mi11, Duke Street, Oswaldtwistle, Accrington, Lancashire BB5 3PN2
£118K03/230.5 mi18, New Lane, Oswaldtwistle, Accrington, Lancashire BB5 3PH2
£55K08/230.5 mi36, Sharples Street, Accrington, Lancashire BB5 0HQ2
£190K12/220.51 mi6, Ward Avenue, Oswaldtwistle, Accrington, Lancashire BB5 3NP2
£67K01/210.51 mi3, South Shore Street, Church, Accrington, Lancashire BB5 0DZ2
£80K03/210.54 mi177, Richmond Road, Accrington, Lancashire BB5 0JB2

Local Rents

12 rents from £550/mo to £750/mo, average is £613/mo.

RentDateDistanceAddressBeds 
£57003/250.15 mi-2
£65002/250.26 mi-2
£62502/250.37 mi-2
£65012/240.38 miTinker Brook Close, Oswaldtwistle, Lancashire, BB52
£70012/240.4 mi-2
£75012/240.4 miRoe Greave Road, Oswaldtwistle, Accrington2
£57512/240.43 miSlaidburn Drive, Accrington, BB5 2
£62512/240.43 miGeorge Street, Oswaldtwistle, Accrington, Lancashire, BB52
£55003/240.46 mi-2
£55002/250.49 miEdleston Street, Accrington, Lancashire, BB52
£60012/240.52 miLime Avenue, Oswaldtwistle, BB52
£56012/240.54 miBlackpool Street, Church, Accrington, Lancashire, BB52

Local Area Statistics

Population in BB5

61,415

Town centre distance

1.44 miles away

Nearest school

0.20 miles away

Nearest train station

0.55 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £129,950

September 27, 2024

Floor Plans

Description

  • GARDEN FRONTED TERRACED PROPERTY +
  • TWO BEDROOMS & LOFT SPACE +
  • SINGLE GARAGE TO THE REAR +
  • REQUIRES SOME INTERNAL MODERNISATION +
  • APPROX 1108SQFT +
  • WALKING DISTANCE TO RHYDDINGS PARK +
  • WEST FACING REAR YARD +
  • PERFECT FOR FIRST TIME BUYERS/INVESTORS +
  • EPC RATING D +
  • COUNCIL TAX BAND B +

A deceptively spacious & well positioned two bedroom terraced property offered to the market with no onwards chain. Requiring some internal modernisation the property is boasts a single garage and is a short walk from Ryddings Park. (EPC-D)

A superb two bedroom property welcomed to the market with no onwards chain. Boasting two large reception rooms and an additional loft space this property would be well-suited for first time buyers or investors.

Positioned on a well-regarded residential street in Oswaldtwistle, the home offers easy access to bus routes and commuter links, including the M65/A56 network, local amenities and schools. Additionally, the property is just a short distance from Rhydding’s Park.

The ground floor has a welcoming entrance vestibule with tiled flooring and glass panelled door. The hall has fitted carpets and period cornicing’s. The living room has fitted carpets, period cornicing’s and a central light fitting. The dining room has fitted carpets, under stair storage and neutral decoration. The kitchen is a good size with fitted units, vinyl flooring and a central light fitting.

The first floor has a spacious main bedroom, with fitted carpets and above stair storage. Bedroom two has fitted carpets and a central light fittings. The first floor is complete with a three piece family bathroom with fitted carpets, heated towel rail and brand new combi boiler.

The second floor has a loft space which is accessible via a staircase.

Externally the property is garden fronted with a tidy, west facing rear yard with single garage.

All interested parties should contact Mortimers Estate Agents in Accrington.

All main services are avaliable.

Agent Details

Mortimers, Accrington

01254 961485

Next Steps?

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