2 Bed Terraced House, Single Let, Bacup, OL13 8ED, £80,000

Cowtoot Lane, Bacup, OL13 8ED - 1 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 9%
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£39.5K - £195K
Sold Prices/m²£648/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£90,166
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£500 - £850

Rent Estimate

£556

Running Costs/mo

£381

Cashflow/mo

£175

Cashflow/yr

£2,098

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £39.5K to £195K, average is £85K. £648/m² to £3.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£80K03/210.04 mi30, Blackthorn Lane, Bacup, Lancashire OL13 8EB2
£95K12/230.12 mi17, Plane Street, Bacup, Lancashire OL13 8DW2
£58K05/210.13 mi14, Mill Street, Bacup, Lancashire OL13 8BP2
£73K01/240.13 mi29, Stanley Street, Bacup, Lancashire OL13 8DN2
£70K04/210.13 mi22, Gordon Street, Bacup, Lancashire OL13 8DH2
£65K12/200.13 mi44, Gordon Street, Bacup, Lancashire OL13 8DH2
£82.3K07/210.14 mi7, Stanley Mount, Bacup, Lancashire OL13 9DA2
£97.5K12/220.15 mi2, Gordon Street, Bacup, Lancashire OL13 8DH2
£85K10/220.17 mi3, Albert Terrace, Bacup, Lancashire OL13 8BJ2
£61K07/210.18 mi1, Albert Terrace, Bacup, Lancashire OL13 8BJ2
£110K01/230.18 mi10, Albert Terrace, Bacup, Lancashire OL13 8BJ2
£170K09/220.19 mi22, Windermere Road, Bacup, Lancashire OL13 9DN2
£92K03/240.2 mi1, Shepherd Street, Bacup, Lancashire OL13 8BH2
£42K12/200.2 mi11, Shepherd Street, Bacup, Lancashire OL13 8BH2
£72K12/200.2 mi13, Shepherd Street, Bacup, Lancashire OL13 8BH2
£83K12/230.2 mi21, Shepherd Street, Bacup, Lancashire OL13 8BH2
£115K08/230.2 mi3, Shepherd Street, Bacup, Lancashire OL13 8BH2
£70K12/200.2 mi24, Earnshaw Road, Bacup, Lancashire OL13 9BP2
£156K10/210.2 mi55, Windermere Road, Bacup, Lancashire OL13 9DN2
£155K12/210.2 mi22, Windermere Road, Bacup, Lancashire OL13 9DN2
£108K08/220.22 mi14, Daisy Bank, Bacup, Lancashire OL13 8AL2
£80K01/240.23 mi10, Daisy Bank, Bacup, Lancashire OL13 8AL2
£85K12/220.24 mi70, Dale Street, Bacup, Lancashire OL13 8BA2
£97K12/230.26 mi13, Beech Street, Bacup, Lancashire OL13 9DR2
£90K06/210.29 mi30, Dale Street, Bacup, Lancashire OL13 8AP2
£58K02/230.34 mi15, Alma Street, Bacup, Lancashire OL13 9JA2
£39.5K09/230.34 mi39, Alma Street, Bacup, Lancashire OL13 9JA2
£60K02/210.34 mi19, Alma Street, Bacup, Lancashire OL13 9JA2
£60K02/210.34 mi19, Alma Street, Bacup, Lancashire OL13 9JA2
£84K12/200.34 mi17, Zion Street, Bacup, Lancashire OL13 9LT2
£85K06/210.35 mi3, Rose Street, Bacup, Lancashire OL13 8AR2
£92.5K06/220.35 mi4, Myrtle Cottages, Bacup, Lancashire OL13 9JU2
£84K11/220.35 mi4, Ashworth Street, Bacup, Lancashire OL13 9LS2
£80K11/200.37 mi17, Thorn Street, Bacup, Lancashire OL13 9JG2
£85K09/210.37 mi12, Riley Street, Bacup, Lancashire OL13 8PG2
£105K04/230.37 mi13, Riley Street, Bacup, Lancashire OL13 8PG2
£82.5K07/230.37 mi3, Riley Street, Bacup, Lancashire OL13 8PG2
£95K10/200.37 mi18, Riley Street, Bacup, Lancashire OL13 8PG2
£160K02/230.4 mi8, Clough Road, Bacup, Lancashire OL13 9LP2
£80K04/210.4 mi9, Edward Street, Bacup, Lancashire OL13 9EW2
£97.5K12/220.4 mi6, Industrial Street, Bacup, Lancashire OL13 9JJ2
£138.5K02/230.42 mi74, Todmorden Road, Bacup, Lancashire OL13 9HJ2
£88K10/200.42 mi74, Todmorden Road, Bacup, Lancashire OL13 9HJ2
£97K03/210.45 mi15, Central View, Bacup, Lancashire OL13 9JX2
£127K02/230.47 mi9, Pendle Close, Bacup, Lancashire OL13 9JT2
£60K04/240.47 mi7, Pendle Close, Bacup, Lancashire OL13 9JT2
£96K03/230.48 mi51, Rosendale Crescent, Bacup, Lancashire OL13 9LN2
£131K03/210.52 mi27, Bankside Lane, Bacup, Lancashire OL13 8HJ2
£174.5K10/230.52 mi25, Bankside Lane, Bacup, Lancashire OL13 8HJ2
£195K09/220.55 mi18, Hazel Grove, Bacup, Lancashire OL13 9XT2

Local Rents

25 rents from £500/mo to £850/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£72507/240.08 miBlackthorn Terrace, Bacup, Lancashire, OL132
£67503/250.11 mi-2
£80008/240.11 miBrown Street, Bacup2
£50006/240.12 mi-2
£55006/240.17 miAlbert Terrace, Bacup, OL132
£55006/240.18 mi-2
£67504/250.25 mi-2
£65011/240.25 mi-2
£65010/240.33 mi-2
£65004/250.33 mi-2
£60001/240.33 mi-2
£65003/250.33 mi-2
£60007/240.33 mi-2
£65008/240.33 miInkerman Street, Bacup2
£79508/240.34 miALMA STREET, Bacup, Rossendale OL13 9JA2
£85008/240.34 miALMA STREET, Bacup, Rossendale OL13 9JA2
£85008/240.34 miALMA STREET, Bacup, Rossendale OL13 9JA2
£85009/240.34 miALMA STREET, Bacup, Rossendale OL13 9JA2
£67506/240.34 miInkerman Street, Bacup2
£62512/240.34 mi-2
£80010/240.37 mi-2
£70002/250.38 mi-2
£70002/250.38 mi-2
£65009/230.48 mi-2
£65009/230.48 mi-2

Local Area Statistics

Population in OL13

15,293

Town centre distance

0.39 miles away

Nearest school

0.30 miles away

Nearest train station

4.01 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £80,000

October 16, 2024

Floor Plans

Description

  • Terraced Property +
  • Two Bedrooms +
  • Spacious Reception Room +
  • Fitted Kitchen +
  • Three Piece Shower Room +
  • Enclosed Rear Yard +
  • On Street Parking +
  • Leasehold +
  • Council Tax Band: A +
  • EPC Rating: D +

THE PERFECT INVESTMENT OPPORTUNITY

Offering spacious rooms and no chain delay, this fantastic two bedroom mid terraced property is being proudly welcomed to the market in the most desirable location of Bacup. A complete blank canvas with added loft conversion, neutral decoration and not being overlooked, this property, once updated, has the potential to be the perfect first time home or rental investment truly not to be missed! Situated conveniently close to bus routes, local schools and amenities, as well as network links to Rossendale, Burnley, Rochdale and major motorway links.

The property comprises briefly; a welcoming and spacious reception room leads on to a kitchen diner and houses a staircase to the first floor. The first floor comprises of doors on to two bedrooms and bathroom. The second bedroom houses a staircase to the loft conversion. Externally there is an enclosed yard to the rear.

For further information or to arrange a viewing please contact our Rossendale team at your earliest convenience.

Ground Floor -

Reception Room - 5.08m x 4.62m (16'8 x 15'2) - UPVC double glazed window, central heating radiator, coving, ceiling rose, gas fire, granite effect hearth and surround, meter cupboard, TV point, stairs to first floor and hardwood single glazed door to kitchen.

Kitchen - 4.62m x 2.84m (15'2 x 9'4) - UPVC double glazed window, central heating radiator, spotlights, range of white gloss wall and base units, granite effect worktops, tiled splash back, composite sink with draining board and mixer tap, integrated electric oven, four ring induction hob, extractor hood, space for fridge freezer, plumbing for washing machine, Worcester boiler, tile effect lino flooring and UPVC double glazed frosted door to rear.

First Floor -

Landing - 1.80m x 1.73m (5'11 x 5'8) - Doors to two bedrooms and shower room.

Bedroom One - 4.62m x 4.14m (15'2 x 13'7) - UPVC double glazed window, central heating radiator and fitted wardrobes.

Bedroom Two - 3.20m x 2.79m (10'6 x 9'2) - UPVC double glazed window, central heating radiator, under stairs storage and door to stairs to loft room.

Shower Room - 2.08m x 1.75m (6'10 x 5'9) - UPVC double glazed frosted window, central heated towel rail, spotlights, dual flush WC, direct feed shower in double enclosure, vanity top wash basin, tiled elevation, PVC clad ceiling and tiled floor.

Second Floor -

Loft Room - 4.09m x 3.10m (13'5 x 10'2) - Velux window.

External -

Rear - Enclosed yard with gated access to rear street.

Need A Mortgage? - Well look no further, Keenans can connect you with our in-house team at Gordon Anthony Mortgages. With access to a whole of market comprehensive range of mortgage products to meet your needs. From high street lenders, regional building societies and intermediary-only lenders – they’ve got you covered and will help find you the best rate and could save you thousands over the course of your mortgage.

Call today to find out more!

Your home may be repossessed if you do not keep up repayments on your mortgage

Agent Details

Keenans Estate Agents, Rawtenstall

01706 335861

Next Steps?

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