3 Bed Terraced House, Refurb/BRRR, Rossendale, BB4 8LA, £200,000

Burnley Road, Rawtenstall, Rossendale, BB4 8LA - 1 views - 4 months ago

Refurb/BRRR
~93 m²
+37 photos

ValuationOvervalued

Sold Prices£92K - £460K
Sold Prices/m²£893/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£186,429

 

 

End Value (After Refurb)

£244,849

Uplift in Value

+6%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£8,100

Refurb Costs

£39,427

Bridging Loan Interest

£5,250

Total Cash In

£104,527

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,849

Mortgage (After Refinance)

£183,637

Mortgage LTV

75%

Cash Released

£33,637

Cash Left In

£70,890

Equity

£61,212

Rent Range

£650 - £1,500

Rent Estimate

£929

Running Costs/mo

£971

Cashflow/mo

£-42

Cashflow/yr

£-503

Gross Yield

6%

Local Sold Prices

46 sold prices from £92K to £460K, average is £189K. £893/m² to £4K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£170K08/210.02 mi317, Burnley Road, Rawtenstall, Rossendale, Lancashire BB4 8LA3
£146K03/210.03 mi10, Rosedale Street, Rawtenstall, Rossendale, Lancashire BB4 8LF3
£142K06/210.05 mi22, Woodcroft Street, Rawtenstall, Rossendale, Lancashire BB4 8LG3
£175K12/220.06 mi22, Woodcroft Street, Rawtenstall, Rossendale, Lancashire BB4 8LG3
£258K05/210.13 mi52, Woodcroft Avenue, Reedsholme, Rossendale, Lancashire BB4 8NF3
£155K03/210.21 mi211, Burnley Road, Rawtenstall, Rossendale, Lancashire BB4 8HY3
£135K08/210.23 mi9, Laund Street, Rawtenstall, Rossendale, Lancashire BB4 8JA3
£105K03/210.23 mi3, Laund Street, Rawtenstall, Rossendale, Lancashire BB4 8JA3
£290K03/210.34 mi4, Billington Avenue, Constable Lee, Rossendale, Lancashire BB4 8UW3
£277K12/220.37 mi18, Sunnyside Close, Reedsholme, Rossendale, Lancashire BB4 8PE3
£144K11/200.4 mi88, Burnley Road, Rawtenstall, Rossendale, Lancashire BB4 8HH3
£320K03/230.43 mi2, Chatburn Close, Constable Lee, Rossendale, Lancashire BB4 8UT3
£330K07/230.43 mi21, Lee Brook Close, Constable Lee, Rossendale, Lancashire BB4 8ET3
£170K11/210.53 mi20, Prospect Road, Rawtenstall, Rossendale, Lancashire BB4 8HJ3
£170K04/230.55 mi5, Ivy Grove, Rossendale, Lancashire BB4 8HF3
£92K12/200.61 mi57, Burnley Road, Rawtenstall, Rossendale, Lancashire BB4 8EW3
£248K12/220.64 mi44, Beech Street, Rawtenstall, Rossendale, Lancashire BB4 8JL3
£135K12/200.65 mi24, York Street, Crawshawbooth, Rossendale, Lancashire BB4 8NL3
£230K03/230.65 mi2, York Street, Crawshawbooth, Rossendale, Lancashire BB4 8NL3
£150K09/210.68 mi9, Greenfield Street, Rawtenstall, Rossendale, Lancashire BB4 8JW3
£287.5K09/210.76 mi11, Saunders Close, Crawshawbooth, Rossendale, Lancashire BB4 8LS3
£230K08/210.78 mi6, Bonfire Hill Close, Crawshawbooth, Rossendale, Lancashire BB4 8PP3
£288K03/210.79 mi183, Haslingden Old Road, Rawtenstall, Rossendale, Lancashire BB4 8RR3
£300K04/230.79 mi121, Haslingden Old Road, Rawtenstall, Rossendale, Lancashire BB4 8RR3
£249.5K11/200.79 mi201, Haslingden Old Road, Rawtenstall, Rossendale, Lancashire BB4 8RR3
£165K11/210.79 mi3, Adelaide Street, Crawshawbooth, Rossendale, Lancashire BB4 8PW3
£180K03/210.81 mi53, Barnes Avenue, Rawtenstall, Rossendale, Lancashire BB4 8ST3
£292.1K12/220.84 mi7, Barritt Road, Rawtenstall, Rossendale, Lancashire BB4 8SR3
£260K06/230.85 mi1, Barritt Road, Rawtenstall, Rossendale, Lancashire BB4 8SR3
£180K02/210.85 mi11, Barritt Road, Rawtenstall, Rossendale, Lancashire BB4 8SR3
£180K11/200.85 mi19, Ormerod Street, Rawtenstall, Rossendale, Lancashire BB4 8EB3
£212.5K01/210.87 mi87, Newchurch Road, Rawtenstall, Rossendale, Lancashire BB4 7QX3
£217.5K02/210.88 mi34, Holly Mount Way, Rawtenstall, Rossendale, Lancashire BB4 8UN3
£150K12/200.88 mi20, Hargreaves Drive, Rawtenstall, Rossendale, Lancashire BB4 8SP3
£198K05/230.89 mi715, Burnley Road, Rossendale, Lancashire BB4 8AN3
£177.5K04/230.89 mi733, Burnley Road, Rossendale, Lancashire BB4 8AN3
£250K11/220.9 mi8, Hargreaves Drive, Rawtenstall, Rossendale, Lancashire BB4 8SP3
£268K11/210.92 mi23, Grange Road, Rawtenstall, Rossendale, Lancashire BB4 7RU3
£156.5K05/210.93 mi12, Worswick Crescent, Rawtenstall, Rossendale, Lancashire BB4 7RS3
£155K05/230.95 mi15, Schofield Road, Rawtenstall, Rossendale, Lancashire BB4 8SL3
£160K01/210.95 mi25, Oakley Road, Rawtenstall, Rossendale, Lancashire BB4 6RB3
£125K11/200.96 mi12, St Marys Place, Rossendale, Lancashire BB4 8SH3
£255K07/210.97 mi12, Cedar Avenue, Rawtenstall, Rossendale, Lancashire BB4 6RR3
£391.5K12/220.97 mi276, Newchurch Road, Rawtenstall, Rossendale, Lancashire BB4 7SN3
£460K03/230.99 mi7, Alderwood, Rawtenstall, Rossendale, Lancashire BB4 7RY3
£240K09/211 mi3, Willow Tree Avenue, Rawtenstall, Rossendale, Lancashire BB4 6RW3

Local Rents

10 rents from £650/mo to £1.5K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£65012/240.1 miEast Street, Rawtenstall3
£1,00012/240.21 miBurnley Road, Rawtenstall, BB43
£1,50012/240.38 mi-3
£1,50012/240.38 miMitton Avenue, Rossendale, BB43
£82512/230.88 mi-3
£85006/240.88 mi-3
£99502/241.03 mi-3
£99512/241.03 miSchool Street, Rossendale, BB43
£1,25012/241.17 mi-3
£1,20012/241.2 miShoemaker Gardens, Rossendale, Lancashire, BB43

Local Area Statistics

Population in BB4

41,137

Town centre distance

2.20 miles away

Nearest school

0.50 miles away

Nearest train station

4.15 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Price changed to £200,000

March 24, 2025

Price changed to £215,000

February 28, 2025

Price changed to £225,000

January 15, 2025

Listed for £230,000

November 28, 2024

Floor Plans

Description

  • STUNNING 3 BED STONE BUILT FAMILY HOME +
  • LIVING ACCOMMODATION OVER 4 FLOORS +
  • HIGHLY DESIRABLE AREA - REEDSHOLME, RAWTENSTALL +
  • FREEHOLD / COUNCIL TAX BAND A +
  • GORGEOUS SURROUNDINGS - BANKS ONTO RIVER AND WOODLAND +
  • NO CHAIN DELAY - VACANT POSSESSION +
  • COMMUTER LINKS TO BURNLEY, ROCHDALE, MANCHESTER, AND BEYOND +
  • WITHIN CATCHMENT AREA OF EXCELLENT LOCAL SCHOOLS INC: ALDER GRANGE +
  • COUNTRYSIDE WALKS ON YOUR DOORSTEP +

A GORGEOUS MID-1800'S, 3 BED, STONE, END TERRACE, SITUATED ON THE BANKS OF A RIVER AND BACKING ONTO WOODLANDS - LOTS OF LOVELY ORIGINAL FEATURES, ON STREET PARKING, AND SITUATED IN THE HIGHLY DESIRABLE AREA OF REEDSHOLME, RAWTENSTALL. ALTHOUGH THERE IS A DEGREE OF MODERNISATION REQUIRED, THIS FANTASTIC PROPERTY MUST BE VIEWED TO BE FULLY APPRECIATED. NO CHAIN DELAY

The property briefly comprises an entrance vestibule, dual aspect lounge with gas fire, kitchen leading onto the elevated balcony, with gorgeous views overlooking the river and woodlands to the rear. To the second floor, are 2 double bedrooms and shower-room, whilst the third double bedroom, with ample storage, and feature wooden beams to the ceiling, is on the third floor. To the lower ground-floor are 2 cellar rooms, one houses the boiler, and both benefit from electric lighting and york stone flooring.

Externally, the property benefits from wrap-around gardens. To the front is a lovely, well-maintained garden, with mature shrubs. The side garden is fully enclosed with a wrought-iron gate, and fencing, opening to the rear gardens over 2 levels, and leading to the river bank. To the rear is an elevated, stone balcony, which is low maintenance, and has wrought-iron safety railings, and steps leading down to the stone patio area to the side and rear. There is also access to a couple of external storage areas.

New oak panel interior doors throughout the property.

GROUND FLOOR

Entrance Vestibule -
Lounge - 4.5m x 4.4m
Good-sized room, with windows to the front and the side.

Kitchen - 3.6m x 2.3m

FIRST FLOOR

Master Bedroom - 4.1m x 4.0m, reducing to 2.5m
L shape room with views to the front and side of the property.

Bedroom 2 - 2.8m x 2.8m
Views of the woodland and river to the rear of the property.

Shower Room - 2.3 x 1.4m
Modern shower room only fitted a year ago with heated towel radiator and walk in shower.

SECOND FLOOR
Bedroom 3 - 4.3m x 4.2m
Range of fitted wardrobes, and storage cupboard, feature wooden beams to the ceiling, window

LOWER GROUND-FLOOR
Cellar Room 1 - York stone floor, boiler, electric light, door leading into the side garden.
Cellar Room 2 - York stone floor, electric light - ideal for storage

TENURE
Freehold

COUNCIL TAX
Band A

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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