3 Bed Terraced House, Refurb/BRRR, Accrington, BB5 3PY, £110,000

Trinity Street, Oswaldtwistle, Accrington, Lancashire, BB5 3PY - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~93 m²
+15 photos

ValuationFair Value

Sold Prices£70K - £370K
Sold Prices/m²£855/m² - £3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£112,200

 

 

End Value (After Refurb)

£127,605

Uplift in Value

+16%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£39,428

Bridging Loan Interest

£2,888

Total Cash In

£76,066

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£127,605

Mortgage (After Refinance)

£95,703

Mortgage LTV

75%

Cash Released

£13,203

Cash Left In

£62,862

Equity

£31,901

Rent Range

£595 - £1,220

Rent Estimate

£814

Running Costs/mo

£582

Cashflow/mo

£232

Cashflow/yr

£2,789

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £70K to £370K, average is £160K. £855/m² to £3K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£242.5K03/230.08 mi19, Three Brooks Way, Oswaldtwistle, Accrington, Lancashire BB5 3QZ3
£125K01/210.08 mi25, Cherry Crescent, Oswaldtwistle, Accrington, Lancashire BB5 3PS3
£98K04/210.17 mi10, Plant Street, Oswaldtwistle, Accrington, Lancashire BB5 3JN3
£110K06/210.17 mi38, Stanley Street, Oswaldtwistle, Accrington, Lancashire BB5 3PZ3
£184K02/210.22 mi101, New Lane, Oswaldtwistle, Accrington, Lancashire BB5 3QN3
£155K07/230.22 mi127, New Lane, Oswaldtwistle, Accrington, Lancashire BB5 3QN3
£105K06/210.24 mi76, New Lane, Oswaldtwistle, Accrington, Lancashire BB5 3QW3
£84K11/200.25 mi1, Falcon Terrace, Oswaldtwistle, Accrington, Lancashire BB5 3BY3
£70K03/210.25 mi299, Union Road, Oswaldtwistle, Accrington, Lancashire BB5 3HS3
£146K02/230.45 mi3, Charles Street, Oswaldtwistle, Accrington, Lancashire BB5 3EX3
£130K06/210.47 mi10, Hornby Street, Oswaldtwistle, Accrington, Lancashire BB5 3AG3
£170K08/210.47 mi54, Hornby Street, Oswaldtwistle, Accrington, Lancashire BB5 3AG3
£145K11/210.49 mi59, Rhyddings Street, Oswaldtwistle, Accrington, Lancashire BB5 3ER3
£165K11/210.49 mi39, Park Lane, Oswaldtwistle, Accrington, Lancashire BB5 3AF3
£160K03/210.49 mi57, Park Lane, Oswaldtwistle, Accrington, Lancashire BB5 3AF3
£192K12/220.51 mi4, New Bury Close, Oswaldtwistle, Accrington, Lancashire BB5 4RJ3
£128.5K04/210.55 mi48, Catlow Hall Street, Oswaldtwistle, Accrington, Lancashire BB5 3EZ3
£165K11/200.56 mi36, Hargreaves Road, Oswaldtwistle, Accrington, Lancashire BB5 4RN3
£155K06/230.57 mi23, Edinburgh Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AR3
£98K08/210.6 mi44, Wordsworth Close, Oswaldtwistle, Accrington, Lancashire BB5 4QP3
£185K11/200.6 mi3, Durham Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AT3
£145K04/230.61 mi5, Bedford Close, Oswaldtwistle, Accrington, Lancashire BB5 4QN3
£172K05/230.62 mi3, Cardigan Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4QL3
£185K01/230.63 mi8, Brecon Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4QS3
£160K03/210.66 mi16, Mayfield Avenue, Oswaldtwistle, Accrington, Lancashire BB5 3AA3
£200K01/230.68 mi111, Stanhill Lane, Oswaldtwistle, Accrington, Lancashire BB5 4PZ3
£370K07/230.68 miThe Old Post Office, Stanhill Lane, Oswaldtwistle, Accrington, Lancashire BB5 4PZ3
£180K03/210.68 mi129, Stanhill Lane, Oswaldtwistle, Accrington, Lancashire BB5 4PZ3
£135K01/210.68 mi44, Harlech Drive, Oswaldtwistle, Accrington, Lancashire BB5 4QW3
£179.9K03/210.69 mi53, Laburnum Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AW3
£179.9K10/200.69 mi22, Laburnum Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AW3
£171.5K05/230.69 mi20, Banbury Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4NP3
£172K12/220.69 mi24, Laburnum Drive, Oswaldtwistle, Accrington, Lancashire BB5 3AW3
£185K08/210.72 mi3, Barnard Close, Oswaldtwistle, Accrington, Lancashire BB5 4PX3
£163K10/210.73 mi12, Dudley Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4NU3
£115K12/200.73 mi9, Dudley Avenue, Oswaldtwistle, Accrington, Lancashire BB5 4NU3
£170K05/210.77 mi33, Thwaites Road, Oswaldtwistle, Accrington, Lancashire BB5 4QT3
£165K06/210.78 mi13, St Helens Close, Oswaldtwistle, Accrington, Lancashire BB5 3TL3
£149.9K09/210.79 mi71, Aspen Lane, Oswaldtwistle, Accrington, Lancashire BB5 4NN3
£320K12/220.81 mi6, Green Haworth View, Oswaldtwistle, Accrington, Lancashire BB5 3TH3
£213K12/200.81 mi4, Larch Road, Oswaldtwistle, Accrington, Lancashire BB5 3AN3
£172.5K02/210.83 mi31, Norman Road, Oswaldtwistle, Accrington, Lancashire BB5 4NF3
£150K11/200.83 mi27, Norman Road, Oswaldtwistle, Accrington, Lancashire BB5 4NF3
£79.5K03/210.85 mi30, Fairfield Street, Accrington, Lancashire BB5 0LD3
£82K02/210.85 mi54, Fairfield Street, Accrington, Lancashire BB5 0LD3
£145K02/210.86 mi1, Anglian Close, Oswaldtwistle, Accrington, Lancashire BB5 4ND3
£136.5K05/230.87 mi1, Ripon Road, Oswaldtwistle, Accrington, Lancashire BB5 4NG3
£159.9K06/210.88 mi7, Turnpike Grove, Oswaldtwistle, Accrington, Lancashire BB5 4NL3
£179.9K11/210.88 mi19, Apple Tree Way, Oswaldtwistle, Accrington, Lancashire BB5 0FB3
£85K04/230.9 mi27, Spring Street, Accrington, Lancashire BB5 0HE3

Local Rents

19 rents from £595/mo to £1.2K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75012/240.04 mi-3
£85012/240.28 mi-3
£62501/250.33 mi-3
£80012/240.33 mi-3
£72512/240.38 mi-3
£69512/240.46 miHornby Street, Oswaldtwistle, Accrington, Lancashire, BB53
£79512/240.62 miMeadow Court, Oswaldtwistle, Accrington, BB53
£79512/240.62 mi-3
£59512/240.92 miSlaidburn Drive, Accrington, BB53
£75012/240.92 mi-3
£70012/240.94 miBlackburn Road, Oswaldtwistle, Accrington, BB5 3
£75012/241.03 miExchange Street, BB53
£69512/241.06 miDunnyshop Avenue, Accrington, Lancashire, BB53
£1,05012/241.16 miWillows Park, Accrington, BB53
£1,05012/241.16 miWillows Park, Accrington, BB53
£1,22012/241.19 miWillows Park, Accrington, BB53
£1,05012/241.19 miWillows Park, Accrington, BB53
£65012/241.19 miChester St, Accrington, BB53
£65012/241.19 mi-3

Local Area Statistics

Population in BB5

61,415

Town centre distance

1.87 miles away

Nearest school

0.30 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £110,000

October 30, 2024

Floor Plans

Description

  • END OF TERRACED PROPERTY +
  • THREE BEDROOMS +
  • WRAP AROUND GARDENS +
  • MODERN KITCHEN +
  • NO ONWARD CHAIN +
  • IDEAL INVESTMENT OPPORTUNITY +
  • CLOSE TO OSWALDTWISTLE'S AMENITIES +
  • A SHORT DRIVE TO EXTENSIVE NETWORK LINKS +
  • FREEHOLD +
  • COUNCIL TAX BAND A +

An attractive three bedroom end of terraced property welcomed to the market with no onward chain. Requiring modernisation, the property is ideal for investment or first time buyers looking to get onto the ladder. (EPC-C)

A superb three bedroom end of terraced property welcomed to the market with no onward chain. Boasting an abundance of outside space with front and rear gardens, the property is perfect for investment or first time buyers.

Situated a short walk from Oswaldtwistle's variety of amenities, well regarded schools and excellent network links the property is ideal for investment.

The ground floor has a spacious living room with fitted carpets, central light fitting and under stair storage. There is a modern kitchen with fitted units, gas hob, electric oven and integrated fridge freezer. There is a handy downstairs wc and access to the garden via a glass panelled upvc door.

The first floor has three well-proportioned bedrooms with carpets and light fittings. The first floor is complete with a three piece family bathroom with walk in shower.

Externally the property has wrap around gardens with mature flowerbeds and paving stones.

All interested parties should contact Mortimers Estate Agents.

All mains services are available.

Agent Details

Mortimers, Accrington

01254 961485

Next Steps?

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