2 Bed Terraced House, Single Let, Bacup, OL13 9RN, £90,000

81 New Line, Bacup, Lancashire, OL13 9RN - 1 views - 5 months ago

Leasehold
BTL
ROI: 5%
62 m²
+14 photos

ValuationUndervalued

Sold Prices£39.5K - £174.5K
Sold Prices/m²£648/m² - £3K/m²

 

 

Square Metres

62 m²
Price/m²£1.5K/m²

Value Estimate

£94,781
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£495 - £1,000

Rent Estimate

£513

Running Costs/mo

£404

Cashflow/mo

£109

Cashflow/yr

£1,310

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £39.5K to £174.5K, average is £102.8K. £648/m² to £3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£146.5K07/210.04 mi23, New Line, Bacup, Lancashire OL13 9RN2
£120K04/210.04 mi112, New Line, Bacup, Lancashire OL13 9RN2
£90K02/230.08 mi174, New Line, Bacup, Lancashire OL13 9RU2
£98K04/230.18 mi28, Ribble Street, Bacup, Lancashire OL13 9RH2
£170K01/210.19 mi5, Walton Close, Bacup, Lancashire OL13 9RE2
£140K02/210.28 mi9, Churchtown Crescent, Bacup, Lancashire OL13 9PL2
£105K02/210.28 mi5, Churchtown Crescent, Bacup, Lancashire OL13 9PL2
£86.5K01/210.3 mi11, Pine Street, Bacup, Lancashire OL13 9QF2
£160K11/220.34 mi284, Rochdale Road, Bacup, Lancashire OL13 9TW2
£100.5K09/230.35 mi264, New Line, Bacup, Lancashire OL13 9RX2
£129.9K02/240.35 mi19, Peel Drive, Bacup, Lancashire OL13 9PU2
£125K03/210.35 mi24, Peel Drive, Bacup, Lancashire OL13 9PU2
£115.1K01/210.36 mi6, Rose Terrace, Bacup, Lancashire OL13 0DF2
£100K03/210.4 mi121, Rochdale Road, Bacup, Lancashire OL13 9NS2
£92.5K10/230.4 mi119, Rochdale Road, Bacup, Lancashire OL13 9NS2
£108.7K12/230.4 mi192, Rochdale Road, Bacup, Lancashire OL13 9NS2
£110K03/230.4 mi18, Pembroke Street, Bacup, Lancashire OL13 9QU2
£143K01/210.43 mi41, Rockcliffe Road, Bacup, Lancashire OL13 9QG2
£145K04/230.46 mi19, Nelson Street, Bacup, Lancashire OL13 9TG2
£65K12/200.49 mi98, Market Street, Bacup, Lancashire OL13 0AY2
£140K09/230.49 mi98, Market Street, Bacup, Lancashire OL13 0AY2
£120K07/210.51 mi399, Rochdale Road, Bacup, Lancashire OL13 9TH2
£134.5K02/230.51 mi385, Rochdale Road, Bacup, Lancashire OL13 9TH2
£65.1K12/200.51 mi92, Pennine Road, Bacup, Lancashire OL13 9PH2
£135K10/220.52 mi399, Rochdale Road, Bacup, Lancashire OL13 9TH2
£165K10/220.56 mi1, Rockcliffe Drive, Bacup, Lancashire OL13 8JQ2
£87K02/230.56 mi149, New Line, Bacup, Lancashire OL13 9RY2
£97K03/210.63 mi15, Central View, Bacup, Lancashire OL13 9JX2
£81K05/210.63 mi31, Lee Road, Bacup, Lancashire OL13 0EA2
£81K09/230.63 mi39, Lee Road, Stacksteads, Bacup, Lancashire OL13 0EA2
£147.5K11/220.63 mi37, Lee Road, Stacksteads, Bacup, Lancashire OL13 0EA2
£137.5K05/220.64 mi8, Lee Road, Stacksteads, Bacup, Lancashire OL13 0EA2
£127K02/230.65 mi9, Pendle Close, Bacup, Lancashire OL13 9JT2
£60K04/240.65 mi7, Pendle Close, Bacup, Lancashire OL13 9JT2
£131K03/210.67 mi27, Bankside Lane, Bacup, Lancashire OL13 8HJ2
£174.5K10/230.67 mi25, Bankside Lane, Bacup, Lancashire OL13 8HJ2
£97.5K12/220.68 mi6, Industrial Street, Bacup, Lancashire OL13 9JJ2
£89K07/210.68 mi480, Rochdale Road, Bacup, Lancashire OL13 9SD2
£80K11/200.71 mi17, Thorn Street, Bacup, Lancashire OL13 9JG2
£91K09/230.71 mi585, Fair View, Bacup, Lancashire OL13 9SR2
£125K12/220.73 mi469, Rochdale Road, Bacup, Lancashire OL13 9SE2
£58K02/230.74 mi15, Alma Street, Bacup, Lancashire OL13 9JA2
£39.5K09/230.74 mi39, Alma Street, Bacup, Lancashire OL13 9JA2
£60K02/210.74 mi19, Alma Street, Bacup, Lancashire OL13 9JA2
£60K02/210.74 mi19, Alma Street, Bacup, Lancashire OL13 9JA2
£92.5K06/220.74 mi4, Myrtle Cottages, Bacup, Lancashire OL13 9JU2
£75K10/210.77 mi168, Newchurch Road, Bacup, Lancashire OL13 0EE2
£90K10/220.8 mi180, Newchurch Road, Bacup, Lancashire OL13 0EE2
£85K06/210.81 mi3, Rose Street, Bacup, Lancashire OL13 8AR2
£121K04/210.82 mi4, Prospect Terrace, Bacup, Lancashire OL13 0JA2

Local Rents

51 rents from £495/mo to £1K/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£65011/240.02 mi-2
£65003/240.19 mi-2
£75009/240.19 mi-2
£70002/240.41 mi-2
£67508/240.46 miRockcliffe Road, Bacup2
£77509/240.52 miRochdale Road, Bacup, Lancashire, OL132
£69501/250.62 mi-2
£70001/250.7 mi-2
£70001/250.7 mi-2
£80010/240.72 mi-2
£60007/230.72 mi-2
£67501/240.74 mi-2
£67506/240.74 miInkerman Street, Bacup2
£85008/240.74 miALMA STREET, Bacup, Rossendale OL13 9JA2
£79508/240.74 miALMA STREET, Bacup, Rossendale OL13 9JA2
£85008/240.74 miALMA STREET, Bacup, Rossendale OL13 9JA2
£85009/240.74 miALMA STREET, Bacup, Rossendale OL13 9JA2
£65008/240.75 miInkerman Street, Bacup2
£60007/240.75 mi-2
£60001/240.75 mi-2
£65010/240.75 mi-2
£65004/250.75 mi-2
£65002/250.75 mi-2
£65006/240.78 mi-2
£65009/240.8 mi-2
£65011/240.8 mi-2
£62512/240.81 mi-2
£67504/250.84 mi-2
£65011/240.9 mi-2
£59506/240.9 mi-2
£59512/240.91 mi-2
£49508/240.92 mi-2
£67503/250.93 mi-2
£65006/240.93 miNewchurch Road, Stacksteads, Bacup2
£65001/250.93 mi-2
£65002/240.94 mi-2
£69508/240.94 mi-2
£75006/240.95 mi-2
£69502/250.95 mi-2
£1,00001/250.95 mi-2
£69503/250.95 mi-2
£75009/240.97 mi-2
£65012/230.97 mi-2
£69503/250.98 mi-2
£69511/241 mi-2
£55006/241.03 miAlbert Terrace, Bacup, OL132
£55006/241.03 mi-2
£65009/231.04 mi-2
£65009/231.04 mi-2
£65007/241.07 miHuttock End Lane, Bacup2
£72507/241.15 miBlackthorn Terrace, Bacup, Lancashire, OL132

Local Area Statistics

Population in OL13

15,293

Town centre distance

1.34 miles away

Nearest school

0.20 miles away

Nearest train station

3.69 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £90,000

November 8, 2024

Sold for £61,000

2023

Sold for £68,000

2004

Sold for £68,000

2004

Sold for £18,000

2003

Floor Plans

Description

  • Mid Terrace Property +
  • Two Bedrooms +
  • Four Piece Bathroom +
  • Fitted Kitchen +
  • Bursting with Potential +
  • Enclosed Yard to Rear +
  • On Street Parking +
  • Tenure Leasehold +
  • Council Tax Band A +
  • EPC Rating D +

THE PERFECT INVESTMENT OPPORTUNITY

A complete blank canvas, original features and no chain delay, this enviable two bedroom cottage property is being proudly welcomed to the market in the sought after location of Bacup. With neutral decoration, this property, once updated, has the potential to be the perfect first time home truly not to be missed! Situated conveniently close to bus routes, local schools and amenities, as well as network links to Burnley, Rochdale, Rossendale and major motorway links.

The property comprises briefly; a welcoming and spacious reception room provides access through to a fitted kitchen and houses a staircase to the first floor. The kitchen leads out to the rear. The first floor comprises of doors on to two bedrooms and a bathroom. Externally there is an enclosed yard to the rear.

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

Ground Floor -

Reception Room - 5.99m x 4.42m (19'8 x 14'6) - UVC double glazed frosted front door, UPVC double glazed window, two hardwood double glazed windows, central heating radiator, ceiling rose, television point, gas fire, integrated alcove storage, understairs storage, tiled effect vinyl flooring and hardwood door to kitchen.

Kitchen - 3.43m x 2.34m (11'3 x 7'8) - Three hardwood double glazed windows, central heating radiator, range of wall and base units with laminate worktops, tiled splashback, stainless steel sink and drainer with mixer tap, space for oven and fridge freezer, plumbing for washing machine, Vaillant boiler, wood effect lino flooring and hardwood door to rear.

First Floor -

Landing - 3.00m x 1.63m (9'10 x 5'4) - UPVC double glazed window, central heating radiator, coving, loft access, smoke detector, hardwood doors to two bedrooms and bathroom.

Bedroom One - 4.37m x 2.72m (14'4 x 8'11) - UPVC double glazed window and central heating radiator.

Bedroom Two - 2.90m x 1.63m (9'6 x 5'4) - UPVC double glazed window and central heating radiator.

Bathroom - 2.72m x 2.18m (8'11 x 7'2) - UPVC double glazed window, central heating radiator, panel bath with traditional taps and direct feed shower, dual flush WC, vanity top wash basin with traditional taps, bidet and tiled elevations.

External -

Rear - Enclosed yard.

Agent Details

Keenans Estate Agents, Rawtenstall

01706 335861

Next Steps?

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