3 Bed Semi-Detached House, Refurb/BRRR, Bacup, OL13 9LD, £75,000

53, Thorn Bank, Bacup, OL13 9LD - 26 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 2%
~93 m²
+7 photos

ValuationUndervalued

Sold Prices£77.5K - £270K
Sold Prices/m²£711/m² - £3.1K/m²

 

 

Square Metres

~93 m²
Price/m²£806/m²

Value Estimate

£91,800
BMV2%

 

 

End Value (After Refurb)

£162,582

Uplift in Value

+81%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£39,200

Bridging Loan Interest

£1,969

Total Cash In

£65,569

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£162,582

Agent Fees (1%)

£1,626

Bridging Loan

£56,250

Bridging Loan Interest

£1,969

Flip Profit

£39,138

Local Sold Prices

50 sold prices from £77.5K to £270K, average is £135K. £711/m² to £3.1K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£132.5K01/230.03 mi64, Tong Lane, Bacup, Lancashire OL13 9LH3
£120K06/220.05 mi70, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£150.5K11/220.1 mi1, Thorn Gardens, Bacup, Lancashire OL13 9LE3
£109K01/210.11 mi32, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£135K03/230.11 mi6, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£167K01/230.15 mi20, Pendle Close, Bacup, Lancashire OL13 9JT3
£100K06/220.16 mi6, Britannia Avenue, Bacup, Lancashire OL13 9JS3
£129K11/230.18 mi9, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£135K03/240.18 mi11, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£135K02/240.18 mi7, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£106K12/200.2 mi1, Greave Clough Drive, Bacup, Lancashire OL13 9HP3
£77.5K12/200.22 mi2, Crimea Street, Bacup, Lancashire OL13 9JF3
£130K01/210.23 mi4, Beech Close, Bacup, Lancashire OL13 9DS3
£182.5K03/210.24 mi5, Greave Terrace, Bacup, Lancashire OL13 9HL3
£77.5K08/210.24 mi13, Thorn Street, Bacup, Lancashire OL13 9JG3
£97K12/210.26 mi14, Clover Street, Bacup, Lancashire OL13 9DE3
£110K02/210.26 mi6, Clover Street, Bacup, Lancashire OL13 9DE3
£240K07/220.27 mi10, Greensnook Lane, Bacup, Lancashire OL13 9DQ3
£195K07/220.27 mi5, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£201K05/230.28 mi18, Oakenclough Road, Bacup, Lancashire OL13 9ET3
£175K01/210.28 mi18, Oakenclough Road, Bacup, Lancashire OL13 9ET3
£100K11/210.28 mi7, Walnut Street, Bacup, Lancashire OL13 9DD3
£107.3K10/230.28 mi3, Walnut Street, Bacup, Lancashire OL13 9DD3
£135K10/230.28 mi16, Walnut Street, Bacup, Lancashire OL13 9DD3
£195K10/230.28 mi12, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£170K02/230.3 mi27, Moorside Crescent, Bacup, Lancashire OL13 9HY3
£118K06/230.3 mi25, Greensnook Lane, Bacup, Lancashire OL13 9DF3
£121K12/230.3 mi15, Greensnook Lane, Bacup, Lancashire OL13 9DF3
£131K09/230.31 mi7, Croft Street, Bacup, Lancashire OL13 9DB3
£202K09/210.32 mi2, Hawfinch Close, Bacup, Lancashire OL13 9PT3
£270K06/210.32 mi1, Coal Pit Lane, Bacup, Lancashire OL13 9HA3
£187.5K06/220.33 mi8, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£110K12/230.34 mi4, Stanley Mount, Bacup, Lancashire OL13 9DA3
£86.5K08/210.35 mi74, Rochdale Road, Bacup, Lancashire OL13 9NR3
£225K11/200.36 mi21, Windermere Road, Bacup, Lancashire OL13 9DN3
£175K03/210.37 mi67, Fieldfare Way, Bacup, Lancashire OL13 9PP3
£170K05/220.37 mi14, Pendle Avenue, Bacup, Lancashire OL13 9DW3
£157K11/200.38 mi1, Waterside Terrace, Bacup, Lancashire OL13 9BX3
£100K10/220.45 mi13, Blackthorn Lane, Bacup, Lancashire OL13 8EB3
£83K06/210.45 mi9, Mowgrain View, Bacup, Lancashire OL13 8EJ3
£115K07/210.47 mi177, Pennine Road, Bacup, Lancashire OL13 9PZ3
£117.5K10/210.48 mi15, Ash Street, Bacup, Lancashire OL13 8AJ3
£150K10/210.48 mi23, Peel Drive, Bacup, Lancashire OL13 9PU3
£180K03/210.49 mi6, Foxdale Close, Bacup, Lancashire OL13 9PN3
£116K03/230.49 mi2, Albert Terrace, Bacup, Lancashire OL13 8BJ3
£212K08/220.5 mi5, Douglas Road, Bacup, Lancashire OL13 9PR3
£200K11/210.51 mi78, Douglas Road, Bacup, Lancashire OL13 9PR3
£229K02/230.51 mi64, Douglas Road, Bacup, Lancashire OL13 9PR3
£160K05/210.51 mi8, Green Hill, Bacup, Lancashire OL13 9NY3
£136.5K01/210.52 mi18, Ramsey Avenue, Bacup, Lancashire OL13 9PG3

Local Rents

23 rents from £575/mo to £950/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£95002/240.05 mi-3
£95009/240.05 mi-3
£85011/240.2 mi-3
£77508/240.2 miChrist Church Street, Bacup, OL133
£70003/250.21 mi-3
£85001/240.23 mi-3
£80002/240.24 mi-3
£72506/240.43 miRosehill Street, Bacup, OL133
£72507/240.43 mi-3
£80006/240.45 miAcorn Street, Bacup, OL133
£77506/240.45 mi-3
£70004/240.45 mi-3
£85003/250.47 mi-3
£82512/240.47 mi-3
£75007/240.5 miBold Street, Bacup3
£60010/230.51 mi-3
£60010/230.51 mi-3
£75009/240.51 mi-3
£57501/240.52 mi-3
£85007/240.54 miPembroke Street, Bacup, OL133
£85008/240.54 mi-3
£59503/250.54 mi-3
£75008/230.57 mi-3

Local Area Statistics

Population in OL13

15,293

Town centre distance

0.57 miles away

Nearest school

0.10 miles away

Nearest train station

3.65 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Price changed to £75,000

February 8, 2025

Listed for £90,000

December 2, 2024

Floor Plans

Description

  • Thorn Bank, Bacup, Rossendale +
  • 3 Bedroom, Semi-Detached Home +
  • Requiring Renovation / Modernisation +
  • Ideal Opportunity To Improve & Add Value +
  • Gardens To Front / Side / Rear +
  • NO CHAIN DELAY +
  • Contact Us To View - By Appointment Only +

*NEW * - 3 BEDROOM SEMI-DETACHED HOME REQUIRING RENOVATION / MODERNISATION - Ideal Opportunity To Improve & Add Value, Gardens Front / Side / Rear, Local Town Centre Amenities Within Easy Reach - NO CHAIN DELAY - Contact Us To View

Thorn Bank, Bacup, Rossendale is a 3 bedroom, semi-detached home requiring renovation / modernisation and as such, offers an opportunity to improve and add value. The property has 3 first floor bedrooms and sits on a plot with gardens to 3 sides. This property also has the further benefit of being offered FOR SALE WITH NO CHAIN DELAY.

Internally, this property briefly comprises: Entrance Porch, Hallway, Lounge, Kitchen with Under Stairs Store. Off the first floor Landing are Bedrooms 1-3 and the Bathroom. Externally, there are gardens to front, side and rear.

Located within walking distance of the town centre, this property offers easy access to local amenities and is convenient for travel to surrounding towns including Rawtenstall, Burnley, Rochdale and beyond.

Porch - 1.84 x 1.38 (6'0" x 4'6") -

Hallway - 2.20m x 4.69m (7'3" x 15'5") -

Lounge - 5.64m x 3.40m (18'6" x 11'2") -

Kitchen - 4.34m x 2.65m (14'3" x 8'8") -

Under Stairs Store -

Landing - 2.24m x 2.01m (7'4" x 6'7") -

Bedroom 1 - 2.98m x 4.06m (9'9" x 13'4") -

Bedroom 2 - 2.54m x 4.06m (8'4" x 13'4") -

Bedroom 3 - 1.51m x 2.66m (4'11" x 8'9") -

Bathroom - 1.72m x 2.64m (5'8" x 8'8") -

Front & Side Garden -

Rear Garden -

Agents Notes - Council Tax: Band ''
Tenure:
Stamp Duty: 0% up to £250,000, 5% of the amount between £250,001 & £925,000, 10% of the amount between £925,001 & £1,500,000, 12% of the remaining amount above £1,500,000. For some purchases, an additional surcharge may be payable on properties with a sale price of £40,000 and over. Please call us for any clarification on the new Stamp Duty system or to find out what this means for your purchase.

Disclaimer - Unless stated otherwise, these details may be in a draft format subject to approval by the property's vendors. Your attention is drawn to the fact that we have been unable to confirm whether certain items included with this property are in full working order. Any prospective purchaser must satisfy themselves as to the condition of any particular item and no employee of Farrow & Farrow has the authority to make any guarantees in any regard. The dimensions stated have been measured electronically and as such may have a margin of error, nor should they be relied upon for the purchase or placement of furnishings, floor coverings etc. Details provided within these property particulars are subject to potential errors, but have been approved by the vendor(s) and in any event, errors and omissions are excepted. These property details do not in any way, constitute any part of an offer or contract, nor should they be relied upon solely or as a statement of fact. In the event of any structural changes or developments to the property, any prospective purchaser should satisfy themselves that all appropriate approvals from Planning, Building Control etc, have been obtained and complied with.

Agent Details

Farrow & Farrow, Rawtenstall

01706 335874

Next Steps?

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