3 Bed Terraced House, Refurb/BRRR, Accrington, BB5 3EF, £60,000

Lord Street, Oswaldtwistle, Accrington, BB5 3EF - 3 views - 6 months ago

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

ValuationUndervalued

Sold Prices£55K - £320K
Sold Prices/m²£855/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£645/m²

Value Estimate

£61,800
BMV3%

 

 

End Value (After Refurb)

£119,987

Uplift in Value

+100%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Refurb Costs

£39,428

Bridging Loan Interest

£1,575

Total Cash In

£60,753

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£119,987

Agent Fees (1%)

£1,200

Bridging Loan

£45,000

Bridging Loan Interest

£1,575

Flip Profit

£13,033

Local Sold Prices

50 sold prices from £55K to £320K, average is £145.5K. £855/m² to £3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£145K11/210.1 mi59, Rhyddings Street, Oswaldtwistle, Accrington, Lancashire BB5 3ER3
£128.5K04/210.13 mi48, Catlow Hall Street, Oswaldtwistle, Accrington, Lancashire BB5 3EZ3
£146K02/230.15 mi3, Charles Street, Oswaldtwistle, Accrington, Lancashire BB5 3EX3
£130K06/210.21 mi10, Hornby Street, Oswaldtwistle, Accrington, Lancashire BB5 3AG3
£170K08/210.21 mi54, Hornby Street, Oswaldtwistle, Accrington, Lancashire BB5 3AG3
£160K03/210.21 mi16, Mayfield Avenue, Oswaldtwistle, Accrington, Lancashire BB5 3AA3
£165K11/210.21 mi39, Park Lane, Oswaldtwistle, Accrington, Lancashire BB5 3AF3
£160K03/210.21 mi57, Park Lane, Oswaldtwistle, Accrington, Lancashire BB5 3AF3
£179.9K11/210.32 mi19, Apple Tree Way, Oswaldtwistle, Accrington, Lancashire BB5 0FB3
£84K11/200.34 mi1, Falcon Terrace, Oswaldtwistle, Accrington, Lancashire BB5 3BY3
£179.9K03/210.36 mi53, Laburnum Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AW3
£179.9K10/200.36 mi22, Laburnum Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AW3
£155K06/230.37 mi23, Edinburgh Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AR3
£79.5K03/210.37 mi30, Fairfield Street, Accrington, Lancashire BB5 0LD3
£82K02/210.37 mi54, Fairfield Street, Accrington, Lancashire BB5 0LD3
£61K06/230.38 mi9, Spring Street, Accrington, Lancashire BB5 0HE3
£85K04/230.38 mi27, Spring Street, Accrington, Lancashire BB5 0HE3
£70K03/210.38 mi299, Union Road, Oswaldtwistle, Accrington, Lancashire BB5 3HS3
£172K12/220.39 mi24, Laburnum Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AW3
£168K05/210.39 mi1, Blossom Avenue, Oswaldtwistle, Accrington, Lancashire BB5 0FD3
£67K06/230.4 mi25, Edleston Street, Accrington, Lancashire BB5 0HG3
£142K02/210.41 mi51, Abbeydale Way, Accrington, Lancashire BB5 0EN3
£158K03/210.41 mi24, Abbeydale Way, Accrington, Lancashire BB5 0EN3
£125K05/210.41 mi47, Abbeydale Way, Accrington, Lancashire BB5 0EN3
£98K04/210.44 mi10, Plant Street, Oswaldtwistle, Accrington, Lancashire BB5 3JN3
£55K11/210.45 mi71, Lonsdale Street, Accrington, Lancashire BB5 0HJ3
£95K10/210.45 mi65, Lonsdale Street, Accrington, Lancashire BB5 0HJ3
£185K11/200.46 mi3, Durham Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AT3
£98K08/210.49 mi44, Wordsworth Close, Oswaldtwistle, Accrington, Lancashire BB5 4QP3
£110K06/210.51 mi38, Stanley Street, Oswaldtwistle, Accrington, Lancashire BB5 3PZ3
£242.5K03/230.51 mi19, Three Brooks Way, Oswaldtwistle, Accrington, Lancashire BB5 3QZ3
£88K02/210.54 mi215, Richmond Road, Accrington, Lancashire BB5 0JB3
£213K12/200.56 mi4, Larch Road, Oswaldtwistle, Accrington, Lancashire BB5 3AN3
£185K01/230.57 mi8, Brecon Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4QS3
£170K05/210.58 mi33, Thwaites Road, Oswaldtwistle, Accrington, Lancashire BB5 4QT3
£163K10/210.6 mi12, Dudley Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4NU3
£115K12/200.6 mi9, Dudley Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4NU3
£125K01/210.61 mi25, Cherry Crescent, Oswaldtwistle, Accrington, Lancashire BB5 3PS3
£172K05/230.61 mi3, Cardigan Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4QL3
£92K05/210.62 mi21, Stevenson Street East, Accrington, Lancashire BB5 0SB3
£171.5K05/230.62 mi20, Banbury Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4NP3
£165K06/210.62 mi13, St Helens Close, Oswaldtwistle, Accrington, Lancashire BB5 3TL3
£145K04/230.64 mi5, Bedford Close, Oswaldtwistle, Accrington, Lancashire BB5 4QN3
£320K12/220.65 mi6, Green Haworth View, Oswaldtwistle, Accrington, Lancashire BB5 3TH3
£149.9K09/210.65 mi71, Aspen Lane, Oswaldtwistle, Accrington, Lancashire BB5 4NN3
£135K06/230.65 mi67, Wordsworth Road, Accrington, Lancashire BB5 0LU3
£165K11/200.67 mi36, Hargreaves Road, Oswaldtwistle, Accrington, Lancashire BB5 4RN3
£110K07/210.67 mi148, Fife Street, Accrington, Lancashire BB5 0HZ3
£192K12/220.68 mi4, New Bury Close, Oswaldtwistle, Accrington, Lancashire BB5 4RJ3
£135K01/210.68 mi44, Harlech Drive, Oswaldtwistle, Accrington, Lancashire BB5 4QW3

Local Rents

11 rents from £595/mo to £850/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£79512/240.06 miMeadow Court, Oswaldtwistle, Accrington, BB53
£79512/240.06 mi-3
£69512/240.21 miHornby Street, Oswaldtwistle, Accrington, Lancashire, BB53
£72512/240.25 mi-3
£75012/240.38 mi-3
£62501/250.38 mi-3
£80012/240.4 mi-3
£85012/240.49 mi-3
£75012/240.49 miExchange Street, BB53
£59512/240.54 miSlaidburn Drive, Accrington, BB53
£75012/240.54 mi-3

Local Area Statistics

Population in BB5

61,415

Town centre distance

1.44 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £60,000

-13%

October 3, 2024

Sold for £67,500

2017

Sold for £34,950

2001

Sold for £14,500

2001

Floor Plans

Description

  • End of Terrance House (964 sq ft) +
  • Priced competitively for Property Solvers' 28-day (unconditional) auction and completely chain free +
  • In need of some modernisation or light refurbishment +
  • Spacious lounge (189.95 sq ft) +
  • Family dining room (183.04 sq ft) +
  • Large kitchen (95.14 sq ft) +
  • 3 spacious bedrooms - measuring (143.82, 87.72 and 56.42 sq ft respectively) +
  • Modern bathroom (64.99 sq ft) +
  • Ample on road parking +
  • Garden to the rear +

This property is to be offered for sale by PROPERTY SOLVERS ONLINE UNCONDITIONAL AUCTION (28-DAY IMMEDIATE EXCHANGE).

Bidding opens on the 18th of October at 12:00 and closes on the 24th of October at 12:00 with a GUIDE PRICE of £60,000.

Property Solvers Online Auctions welcomes you to this End of Terrance House (964 sq ft) in need of a light refurbishment with heaps of potential located on Lord Street in Oswaldtwistle, Accrington.

Step onto the lovely porch of this property and as you enter you will find the large spacious lounge (189.95 sq ft) with a built-in fireplace and ample natural lighting.

Heading down the hallway you will enter the family dining room (183.04 sq ft) with an additional storage room. At the end of the hallway will be the large kitchen (95.14 sq ft) with a door that leads to the rear garden.

Upstairs you will find 3 spacious bedrooms - measuring (143.82, 87.72 and 56.42 sq ft respectively). All bedrooms offer ample space and natural lighting, the master bedroom has built-in cupboard space. On this floor, you will also find the modern bathroom (64.99 sq ft).

The property has ample on-road parking and a rear garden.

Close to many essential amenities including Accrington Victoria Community Hospital, Hyndburn Leisure Centre and the highly rated The Stanhill Pub and Kitchen. The property is also located near several Ofsted-rated 'Good' schools.

Don't miss out on this competitively priced property – contact us immediately to arrange a viewing on Wednesdays and Sundays.

More Information

The Property Solvers Auctions enquiry line is open 24/7 and we're happy to answer any questions.

28-day unconditional auction terms + conditions, AML requirements and fees are available on our website (Google "Property Solvers Auctions" and select "Auction Property for Sale" in the navigation).

The preliminary legal pack can be viewed directly via the auction listing itself.  Property Solvers Auctions will update the legal pack and inform all parties that express interest in bidding. For conveyancing searches that are not received in time for the auction, a Professional Indemnity Insurance policy can be taken out.

Notice to Bidders

This property is being sold under Property Solvers' Unconditional Auction terms. Once the virtual hammer falls, the buyer has exchanged contracts at the fall of the virtual gavel. The minimum deposit of 10% will then need to be paid into the Property Solvers client account (unless otherwise agreed).

Property Solvers will then transfer the 10% deposit to the conveyancer's account. The buyer is under contract to complete on the sale within 28 days. Failing to do so means that the buyer will lose the deposit paid to Property Solvers in addition to abortive legal costs.

As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license).  For a full list of requirements please see the legal pack documents.

Buyer Reservation Fee

A 2% + VAT (non-refundable) fee (subject to a minimum of £2,400 including VAT) plus a £150 (including VAT) processing fee will be due from the winning bidder.

Generally speaking, guide prices are provided as an indication of each seller's minimum expectation, i.e. 'the reserve'. They are not necessarily figures which a property will sell for and may change at any time before the auction.

Virtually every property will be offered subject to a reserve (a figure below which the auctioneer cannot sell the property during the auction) which we expect will be set within the guide range or no more than 10% above a single figure guide.

Agent Details

Property Solvers, London

08000 443798

Next Steps?

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