3 Bed Semi-Detached House, Refurb/BRRR, Bacup, OL13 9PG, £180,000

Ramsay Avenue, Bacup, Rossendale, OL13 9PG - 6 months ago

Sold STC
Leasehold
Refurb/BRRR
~93 m²
+27 photos

ValuationOvervalued

Sold Prices£75K - £287K
Sold Prices/m²£711/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.9K/m²

Value Estimate

£150,440

 

 

End Value (After Refurb)

£203,947

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£39,200

Bridging Loan Interest

£4,725

Total Cash In

£97,275

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£203,947

Mortgage (After Refinance)

£152,961

Mortgage LTV

75%

Cash Released

£17,961

Cash Left In

£79,314

Equity

£50,987

Rent Range

£700 - £1,345

Rent Estimate

£843

Running Costs/mo

£826

Cashflow/mo

£17

Cashflow/yr

£205

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £75K to £287K, average is £175K. £711/m² to £3.3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£180K03/210.03 mi6, Foxdale Close, Bacup, Lancashire OL13 9PN3
£176K04/210.03 mi51, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£207.5K02/230.03 mi35, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£217K09/230.03 mi40, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£169.9K06/210.03 mi10, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£136.5K01/210.03 mi18, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£210K01/230.03 mi22, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£252K12/230.07 mi250, Rochdale Road, Bacup, Lancashire OL13 9RA3
£237K05/230.07 mi252, Rochdale Road, Bacup, Lancashire OL13 9RA3
£115K07/210.09 mi177, Pennine Road, Bacup, Lancashire OL13 9PZ3
£212K08/220.09 mi5, Douglas Road, Bacup, Lancashire OL13 9PR3
£175K12/200.1 mi15, Walton Close, Bacup, Lancashire OL13 9RE3
£200K11/210.12 mi78, Douglas Road, Bacup, Lancashire OL13 9PR3
£229K02/230.12 mi64, Douglas Road, Bacup, Lancashire OL13 9PR3
£150K10/210.12 mi23, Peel Drive, Bacup, Lancashire OL13 9PU3
£201K06/220.15 mi57, Ramsey Avenue, Bacup, Lancashire OL13 9PJ3
£200K06/230.15 mi72, Hoghton Avenue, Bacup, Lancashire OL13 9RD3
£175K03/210.16 mi67, Fieldfare Way, Bacup, Lancashire OL13 9PP3
£187.5K06/220.17 mi8, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£160K03/210.18 mi7, The Ferns, Bacup, Lancashire OL13 9RP3
£160K05/210.2 mi8, Green Hill, Bacup, Lancashire OL13 9NY3
£202K09/210.2 mi2, Hawfinch Close, Bacup, Lancashire OL13 9PT3
£195K10/230.22 mi12, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£146K11/230.23 mi15, Ribble Street, Bacup, Lancashire OL13 9RH3
£93K10/200.23 mi11, Ribble Street, Bacup, Lancashire OL13 9RH3
£195K07/220.23 mi5, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£210K11/220.23 mi11, Farrington Road, Bacup, Lancashire OL13 9TE3
£182K03/210.23 mi7, Farrington Road, Bacup, Lancashire OL13 9TE3
£85K07/210.25 mi13, Verax Street, Bacup, Lancashire OL13 9QT3
£75K01/210.25 mi19, Verax Street, Bacup, Lancashire OL13 9QT3
£150K04/210.29 mi15, New Line, Bacup, Lancashire OL13 9RN3
£282.5K02/240.29 mi33, New Line, Bacup, Lancashire OL13 9RN3
£215K01/240.3 mi26, Cotman Close, Bacup, Lancashire OL13 9TT3
£86.5K08/210.32 mi74, Rochdale Road, Bacup, Lancashire OL13 9NR3
£100K06/220.34 mi6, Britannia Avenue, Bacup, Lancashire OL13 9JS3
£167K01/230.36 mi20, Pendle Close, Bacup, Lancashire OL13 9JT3
£168K07/230.43 mi22, New Line, Bacup, Lancashire OL13 0BY3
£77.5K08/210.45 mi13, Thorn Street, Bacup, Lancashire OL13 9JG3
£77.5K12/200.46 mi2, Crimea Street, Bacup, Lancashire OL13 9JF3
£287K06/210.47 mi216, New Line, Bacup, Lancashire OL13 9RX3
£150.5K11/220.48 mi1, Thorn Gardens, Bacup, Lancashire OL13 9LE3
£92K10/200.48 mi46, Tong Lane, Bacup, Lancashire OL13 9LH3
£132.5K01/230.48 mi64, Tong Lane, Bacup, Lancashire OL13 9LH3
£174.2K10/220.5 mi84, Bankside Lane, Bacup, Lancashire OL13 8HP3
£245K03/240.5 mi9, The Square, Bacup, Lancashire OL13 8HR3
£120K06/220.54 mi70, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£244K07/210.54 mi65, Bankside Lane, Bacup, Lancashire OL13 8HP3
£109K01/210.55 mi32, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£135K03/230.55 mi6, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£196K06/210.61 mi21, Rockcliffe Avenue, Bacup, Lancashire OL13 8JH3

Local Rents

18 rents from £700/mo to £1.3K/mo, average is £788/mo.

RentDateDistanceAddressBeds 
£75008/230.2 mi-3
£82512/240.24 mi-3
£75009/240.26 mi-3
£75007/240.27 miBold Street, Bacup3
£85007/240.28 miPembroke Street, Bacup, OL133
£85008/240.28 mi-3
£75010/230.29 mi-3
£77502/250.29 mi-3
£77504/250.29 mi-3
£1,34506/240.33 miCallow Close, Bacup, OL133
£80002/240.45 mi-3
£85012/240.47 mi-3
£70003/250.48 mi-3
£95002/240.54 mi-3
£95010/240.54 mi-3
£72506/240.61 miRosehill Street, Bacup, OL133
£72507/240.61 mi-3
£85001/240.61 mi-3

Local Area Statistics

Population in OL13

15,293

Town centre distance

1.06 miles away

Nearest school

0.30 miles away

Nearest train station

3.64 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £180,000

October 18, 2024

Floor Plans

Description

  • SPACIOUS 3 BED SEMI DETACHED PROPERTY +
  • COUNCIL TAX BAND B +
  • CAR PORT AND DRIVEWAY +
  • FRONT AND REAR GARDENS +
  • BOILER JUST SERVICED +
  • FREEHOLD / COUNCIL TAX BAND B +
  • PARTIAL COUNTRYSIDE VIEWS +
  • GREAT LOCATION CLOSE TO OPEN COUNTRYSIDE +

This 3-bedroom semi-detached house on Ramsay Avenue, Bacup, Rossendale, is on the market. It features spacious interiors, a carport, a driveway, front and rear gardens, and partial countryside views. The property is located in a great area close to open countryside and has a recently serviced boiler. It operates on a freehold basis and falls under Council Tax Band B. Utilities include mains electricity, water, sewerage, and central heating.

Lovely property in need of some modernisation to bring it up to its full potential. Gable end wall has been repointed, the boiler has a recent service, gas fire to the lounge has also had a recent service.

Lots of potential with this property and in an ideal popular residential area. Close to open countryside, schools and amenities.

FIRST FLOOR
LOUNGE - 7.2m x 4.5m (reducing to 2.5m)
Open plan lounge dining area, with sliding door onto the rear patio. Gas fire to lounge with recent service.

KITCHEN - 3.3m x 2.7m
Views out to the rear garden, access to the car port at the side of the property.

FIRST FLOOR
MASTER BEDROOM 3.6m x 2.8m
Built in wardrobe and dressing table with partial countryside views.

BEDROOM 2 - 3.4m x 3.1m
Views overlooking the rear garden.

BEDROOM 3 - 2.5m x 2.0m
Built in storage with views over to Lee Mill quarry.

BATHROOM

EXTERNALLY
Front and rear gardens, a car port and driveway for 2 cars, you can walk up the drive and round to the back garden.

COUNCIL TAX
Band B

TENURE
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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