2 Bed Bungalow, Single Let, Bacup, OL13 9HT, £135,000

Lumb Scarr Road, Bacup, Rossendale, OL13 9HT - 5 months ago

Leasehold
BTL
~68 m²
+22 photos

ValuationOvervalued

Sold Prices£39.5K - £174.5K
Sold Prices/m²£648/m² - £3.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£88,939

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£8,150

Total Cash In

£41,900

 

 

Cash Out

 

Rent Range

£500 - £850

Rent Estimate

£531

Running Costs/mo

£548

Cashflow/mo

£-17

Cashflow/yr

£-205

Gross Yield

5%

Local Sold Prices

50 sold prices from £39.5K to £174.5K, average is £87.5K. £648/m² to £3.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£58K02/230.05 mi15, Alma Street, Bacup, Lancashire OL13 9JA2
£39.5K09/230.05 mi39, Alma Street, Bacup, Lancashire OL13 9JA2
£60K02/210.05 mi19, Alma Street, Bacup, Lancashire OL13 9JA2
£60K02/210.05 mi19, Alma Street, Bacup, Lancashire OL13 9JA2
£80K11/200.06 mi17, Thorn Street, Bacup, Lancashire OL13 9JG2
£97.5K12/220.09 mi6, Industrial Street, Bacup, Lancashire OL13 9JJ2
£92.5K06/220.13 mi4, Myrtle Cottages, Bacup, Lancashire OL13 9JU2
£97K03/210.13 mi15, Central View, Bacup, Lancashire OL13 9JX2
£70K12/200.14 mi24, Earnshaw Road, Bacup, Lancashire OL13 9BP2
£85K06/210.16 mi3, Rose Street, Bacup, Lancashire OL13 8AR2
£90K06/210.17 mi30, Dale Street, Bacup, Lancashire OL13 8AP2
£82.3K07/210.19 mi7, Stanley Mount, Bacup, Lancashire OL13 9DA2
£108K08/220.21 mi14, Daisy Bank, Bacup, Lancashire OL13 8AL2
£80K01/240.21 mi10, Daisy Bank, Bacup, Lancashire OL13 8AL2
£127K02/230.22 mi9, Pendle Close, Bacup, Lancashire OL13 9JT2
£60K04/240.22 mi7, Pendle Close, Bacup, Lancashire OL13 9JT2
£85K12/220.23 mi70, Dale Street, Bacup, Lancashire OL13 8BA2
£131K03/210.25 mi27, Bankside Lane, Bacup, Lancashire OL13 8HJ2
£174.5K10/230.25 mi25, Bankside Lane, Bacup, Lancashire OL13 8HJ2
£84K11/220.27 mi4, Ashworth Street, Bacup, Lancashire OL13 9LS2
£92K03/240.27 mi1, Shepherd Street, Bacup, Lancashire OL13 8BH2
£42K12/200.27 mi11, Shepherd Street, Bacup, Lancashire OL13 8BH2
£72K12/200.27 mi13, Shepherd Street, Bacup, Lancashire OL13 8BH2
£83K12/230.27 mi21, Shepherd Street, Bacup, Lancashire OL13 8BH2
£115K08/230.27 mi3, Shepherd Street, Bacup, Lancashire OL13 8BH2
£84K12/200.28 mi17, Zion Street, Bacup, Lancashire OL13 9LT2
£85K10/220.28 mi3, Albert Terrace, Bacup, Lancashire OL13 8BJ2
£61K07/210.29 mi1, Albert Terrace, Bacup, Lancashire OL13 8BJ2
£110K01/230.29 mi10, Albert Terrace, Bacup, Lancashire OL13 8BJ2
£65.1K12/200.3 mi92, Pennine Road, Bacup, Lancashire OL13 9PH2
£65K12/200.33 mi98, Market Street, Bacup, Lancashire OL13 0AY2
£140K09/230.33 mi98, Market Street, Bacup, Lancashire OL13 0AY2
£143K01/210.33 mi41, Rockcliffe Road, Bacup, Lancashire OL13 9QG2
£97K12/230.34 mi13, Beech Street, Bacup, Lancashire OL13 9DR2
£80K03/210.34 mi30, Blackthorn Lane, Bacup, Lancashire OL13 8EB2
£160K02/230.35 mi8, Clough Road, Bacup, Lancashire OL13 9LP2
£100K03/210.35 mi121, Rochdale Road, Bacup, Lancashire OL13 9NS2
£92.5K10/230.35 mi119, Rochdale Road, Bacup, Lancashire OL13 9NS2
£108.7K12/230.35 mi192, Rochdale Road, Bacup, Lancashire OL13 9NS2
£80K04/210.37 mi9, Edward Street, Bacup, Lancashire OL13 9EW2
£58K05/210.37 mi14, Mill Street, Bacup, Lancashire OL13 8BP2
£110K03/230.39 mi18, Pembroke Street, Bacup, Lancashire OL13 9QU2
£170K09/220.39 mi22, Windermere Road, Bacup, Lancashire OL13 9DN2
£96K03/230.4 mi51, Rosendale Crescent, Bacup, Lancashire OL13 9LN2
£156K10/210.43 mi55, Windermere Road, Bacup, Lancashire OL13 9DN2
£155K12/210.43 mi22, Windermere Road, Bacup, Lancashire OL13 9DN2
£73K01/240.44 mi29, Stanley Street, Bacup, Lancashire OL13 8DN2
£95K12/230.44 mi17, Plane Street, Bacup, Lancashire OL13 8DW2
£97.5K12/220.45 mi2, Gordon Street, Bacup, Lancashire OL13 8DH2
£65K12/200.45 mi44, Gordon Street, Bacup, Lancashire OL13 8DH2

Local Rents

29 rents from £500/mo to £850/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£70001/250.05 mi-2
£70001/250.05 mi-2
£79508/240.06 miALMA STREET, Bacup, Rossendale OL13 9JA2
£85008/240.06 miALMA STREET, Bacup, Rossendale OL13 9JA2
£85008/240.06 miALMA STREET, Bacup, Rossendale OL13 9JA2
£85009/240.06 miALMA STREET, Bacup, Rossendale OL13 9JA2
£67506/240.06 miInkerman Street, Bacup2
£60007/240.08 mi-2
£65008/240.08 miInkerman Street, Bacup2
£60001/240.08 mi-2
£65010/240.09 mi-2
£65004/250.09 mi-2
£67504/250.1 mi-2
£65002/250.1 mi-2
£80009/240.12 mi-2
£65011/240.19 mi-2
£62512/240.22 mi-2
£55006/240.3 miAlbert Terrace, Bacup, OL132
£67508/240.3 miRockcliffe Road, Bacup2
£55006/240.3 mi-2
£70002/240.39 mi-2
£72507/240.4 miBlackthorn Terrace, Bacup, Lancashire, OL132
£80008/240.4 miBrown Street, Bacup2
£67503/250.42 mi-2
£50006/240.44 mi-2
£65009/230.52 mi-2
£65009/230.52 mi-2
£75009/240.58 mi-2
£65003/240.58 mi-2

Local Area Statistics

Population in OL13

15,293

Town centre distance

0.66 miles away

Nearest school

0.40 miles away

Nearest train station

3.92 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Price changed to £135,000

February 28, 2025

Listed for £140,000

November 20, 2024

Floor Plans

Description

  • STUNNINGLY RENOVATED 2 BED BUNGALOW +
  • ONE OF A KIND HISTORICAL HOME EXTENSIVELY MODERNISED +
  • CLOSE TO BACUP TOWN CENTRE AMENITIES +
  • GREAT TRANSPORT LINKS MOTORWAYS AND BUS ROUTES NEARBY +
  • CLOSE TO LOCAL SCHOOLS +
  • COUNCIL TAX BAND A +
  • ENCLOSED FRONT YARD +
  • NO CHAIN DELAY - VACANT POSSESSION +

THIS AMAZINGLY RESTORED 2-BEDROOM BUNGALOW IN BACUP CENTRE IS ON THE MARKET. BUILT IN 1782 THIS IS ONE OF THE OLDEST BUILDINGS IN BACUP. BACK TO BRICK RESTORATION WITH SOME EXTREMELY MODERN FEATURES. EXCELLENT LOCAL AMENITIES TRANSPORT LINKS AND SCHOOLS NEARBY.

It's a pleasure to bring this property to the market. With such a historical significance, this property is older than most buildings in the town.

NEW FEATURES
A heat pump provides central heating and hot water. Solar panels on the roof feed power directly into the heat pump. With a modern eco-friendly heat pump and no gas supply (no standing charge) this property is fully renewable and very cost-effective.

Fully re-plastered, rewired, brand-new kitchen with built-in appliances: Fridge, Freezer, Washer, Dryer, Oven, Induction Hob and Extractor. LED strip lights inset into the quartz worktops and the new kitchen units.

Brand-new shower room with lights in the shelves, a slimline vertical radiator, and even Bluetooth speakers in the light up vanity mirror.

The property has had a new water main installed to improve water pressure. New windows and composite front door.

The open plan lounge diner has built in ceiling speakers which can be used as Bluetooth or from your preferred AV device. HDMI cables in wall with ports.

The attic has flooring throughout, fully insulated and shelving making it the perfect space for storage.

This property is stunning and such a cool, modern, eco-friendly cost-effective twist on a historic building in the town. Here's a chance for someone to own a piece of history.

The strip at the side of the property does belong to this property. The raised grass land to the side of the property is owned by the council and not this property.

Any furniture could be left in the property at the vendor's discretion and dependent on offer for the home.

LOUNGE / DINER / KITCHEN: 4.1m (reduces to 3.3m) x 3.9m (reducing to 2.8m).
L shaped room, open plan, fully renovated and brand new.

MASTER BED: 3.1m x 2.8m
Views out to the front of the property.

BEDROOM 2: 3.1m x 2.1m

SHOWER ROOM: 2.2m x 1.5m

PARKING
To the front of the property.

TENURE
Leasehold: 999 years from 1 May 1787 - 762 years remaining on the lease. Ground rent: 62p per annum - not currently collected as no Freeholder registered with land registry. An indemnity policy can usually be provided for the this.

COUNCIL TAX
Band A

EPC
Awaiting EPC being uploaded to gov website but advised the rating is now a band C.

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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