5 Bed Semi-Detached House, Cash/Bridging Only, Bacup, OL13 0EE, £235,000

Newchurch Road, Bacup, Rossendale, OL13 0EE - 5 months ago

Sold STC
Leasehold
Cash
~178 m²
+55 photos

ValuationFair Value

Sold Prices£180K - £606K
Sold Prices/m²£1.4K/m² - £3.4K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.3K/m²

Value Estimate

£237,350

 

 

End Value (After Refurb)

£253,440

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£58,750

Stamp Duty & Legal Fees

£12,950

Refurb Costs

£75,147

Bridging Loan Interest

£6,169

Total Cash In

£154,766

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£253,440

Mortgage (After Refinance)

£190,080

Mortgage LTV

75%

Cash Released

£13,830

Cash Left In

£140,936

Equity

£63,360

Rent Range

£650 - £1,075

Rent Estimate

£875

Running Costs/mo

£987

Cashflow/mo

£-112

Cashflow/yr

£-1,344

Gross Yield

4%

Local Sold Prices

19 sold prices from £180K to £606K, average is £352.5K. £1.4K/m² to £3.4K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£606K04/230.55 miSheephouse Barn, Higher Greens, Bacup, Lancashire OL13 0JS5
£270K02/210.71 mi24, Maden Road, Bacup, Lancashire OL13 8HY5
£285K02/210.71 mi16, Maden Road, Bacup, Lancashire OL13 8HY5
£300K06/210.89 mi13, Brandwood Park, Bacup, Lancashire OL13 0PA5
£250K03/210.96 mi2a, Lee View, Bacup, Lancashire OL13 9RF5
£500K12/201.28 mi191, Edgeside Lane, Edgeside, Rossendale, Lancashire BB4 9TY5
£430K06/211.36 miMillstone, Tong Lane, Bacup, Lancashire OL13 9XB5
£266.5K01/211.44 mi21, Oakenclough Road, Bacup, Lancashire OL13 9ET5
£205K05/211.45 mi4, Warren Drive, Bacup, Lancashire OL13 9SZ5
£485K01/211.6 miOak Tree Barn, Coal Pit Lane, Rossendale, Lancashire BB4 9SA5
£580K02/212.24 mi499, Newchurch Road, Cloughfold, Rossendale, Lancashire BB4 7TG5
£255K11/222.33 mi894, Burnley Road East, Rossendale, Lancashire BB4 9PQ5
£352.5K04/212.43 mi3, Beaufort Road, Weir, Bacup, Lancashire OL13 8RL5
£395K01/212.43 mi1, Beaufort Road, Bacup, Lancashire OL13 8RL5
£420K09/222.43 mi7, Beaufort Road, Weir, Bacup, Lancashire OL13 8RL5
£560K03/212.71 miYew Tree Farm, Heald Lane, Weir, Bacup, Lancashire OL13 8QZ5
£470K11/212.73 mi11, Greenbank Park, Rawtenstall, Rossendale, Lancashire BB4 7SY5
£350K06/212.83 mi236, Newchurch Road, Rossendale, Lancashire BB4 7QX5
£180K04/212.94 mi2, Daneswood Avenue, Whitworth, Rochdale, Lancashire OL12 8UY5

Local Rents

21 rents from £650/mo to £1.1K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£77506/240.06 miNewchurch Road, Bacup, OL133
£77507/240.06 miNewchurch Road, Bacup, OL133
£90006/240.07 miNewchurch Rd, Bacup4
£89504/250.1 mi-3
£77506/240.1 miFarholme Lane, Stacksteads3
£90007/240.1 miHammond Avenue, Bacup, OL133
£90007/240.1 mi-3
£82512/240.11 mi-3
£90003/250.11 mi-4
£1,00008/240.14 mi-4
£1,00008/240.14 miBranch Street, Bacup, OL134
£75002/240.18 mi-3
£65006/240.18 miAcre Mill Road, Bacup3
£95006/240.22 miNewchurch Road, Stacksteads, Bacup3
£99006/240.3 mi-4
£79503/240.41 mi-3
£79502/250.41 mi-3
£1,07503/250.41 mi-4
£99503/250.45 mi-3
£80006/240.56 mi-3
£95002/250.58 mi-3

Local Area Statistics

Population in OL13

15,293

Town centre distance

1.54 miles away

Nearest school

0.20 miles away

Nearest train station

4.52 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £235,000

November 12, 2024

Floor Plans

Description

  • VERY UNIQUE 5 BEDROOM STONE BUILT FAMILY HOME +
  • OPEN PLAN KITCHEN / DINER, UTILITY, LOUNGE +
  • BALCONY OFF THE MAIN LOUNGE LOOKING OUT TO NEIGHBOURING COUNTRYSIDE +
  • MASTER BEDROOM WITH SAUNA ROOM AND TWO SETS OF BIFOLD DOORS +
  • TWO BATHROOMS BOTH WITH FITTED TV's +
  • CLOSE TO THE ADRENALINE GATEWAY FOR HIKING AND MOUNTAIN BIKING TRAILS +
  • CLOSE TO EXCELLENT LOCAL SCHOOLS +
  • SPACIOUS FAMILY HOME MUST BE SEEN TO BE FULLY APPRECIATED +
  • COUNCIL TAX BAND B +

*CASH ONLY* This quirky & characterful 5 bedroom family home is located in the popular residential area of Stacksteads, Rossendale. This superb home is available, with no onward chain, and must be viewed to be fully appreciated.

Internally, the property briefly comprises: A very large open-plan kitchen dining area, and a raised media area. There is a further large lounge and dining room with access to a raised balcony overlooking the rear garden, and neighbouring countryside. There are 2 good-sized bedrooms, on this floor, one with attached dressing room, and a shower room.

To the lower ground floor, are a further 2 bedrooms, family bathroom, and master suite with spa room en-suite.

Externally, this property enjoys a private, gated and; low-maintenance rear garden/driveway enjoying open aspect views over the neighbouring hillside.

Conveniently located in Stacksteads, the property is close to Bacup town centre, amenities, supermarkets, schools, including the outstanding Holy Trinity Primary School, the Adrenaline Gateway hiking and trails centre, bus routes, and is within a short driving distance of the M66 motorway.

Lower Ground Floor

Entrance hall
A stunning entrance hall with a feature wall showcasing the stone through the plaster, spiral radiator, a lovely chrome and wooden staircase, and access to under-stairs storage.

Bedroom 3 - 4.09m x 3.28m (max)
A double bedroom located to the side of the property.

Bedroom 4 - 4.09m x 1.94m (max)
A single bedroom located to the side of the property.

Family bathroom - 2.84m x 1.80m
A gorgeous and spacious family bathroom with a low level WC, floating sink unit with vanity area, panel bath - matching suite in white, walk-in shower area with electric overhead shower, feature towel radiator, fully tiled floor, partially tiled walls, a spotlit ceiling and built in waterproof TV.

Master Bedroom
Lovely open feel to this master bedroom with floor to ceiling built in wardrobes and bi folding doors.

En-suite Spa Room
From the master room there's a freestanding solid hot tub with a storage area and bi folding doors, that opens out onto the artificial grass area to the rear.

Ground Floor

Lounge/dining area - 5.52m x 7.66m
A spectacular open-plan lounge & dining area with marble tiled flooring throughout, character beams to the ceiling, a decorative under-lit alcove, spotlit ceiling, a feature coal effect electric fire with remote control in the lounge area, two sets of bi-folding doors leading to an extensive chrome balcony overlooking the private, gated, garden and driveway with views over the neighbouring countryside.

Breakfast Kitchen - 6.59m x 4.43m (max)
Range of modern fitted wall & base units with complementary work surfaces, integrated dishwasher, combination washer & dryer, oven with 4 electric hob & overhead chrome extractor hood, 1/12 stainless steel sink units, spotlit ceiling, breakfast bar, & feature stone walls.

Family Room - 5.40m x 4.01m (max)
Feature spiral radiator and padded window seat.

Bedroom 2 - 4.13m x 3.42m
A spacious master bedroom located to the side of the property, with an adjoining dressing room (2.44m x 2.36m - max).

Bedroom 5 - 4.13m x 1.91m
A single bedroom located to the side of the property.

Shower Room - 2.14m x 1.13m
Low level WC, floating sink unit - matching suite, walk-in shower, and partially tiled walls.

Externally
This property enjoys a private, electronically gated & low-maintenance rear garden/driveway enjoying open aspect views over the neighbouring hillside, and has access the ground floor bedrooms and bathroom.

Location

Conveniently located in Stacksteads, the property is close to Bacup town centre, amenities, supermarkets, schools, including the outstanding Holy Trinity Primary School, the Adrenaline Gateway, bus routes, and is within a short driving distance of the M66 motorway.

Council Tax
We can confirm the property is council tax band B - payable to Rossendale Borough Council.

Tenure
We can confirm the property is Leasehold.

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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