3 Bed Terraced House, Refurb/BRRR, Bacup, OL13 9QD, £135,000

Moorlands Terrace, Bacup, OL13 9QD - 2 views - 4 months ago

Sold STC
Leasehold
Refurb/BRRR
~93 m²
+12 photos

ValuationFair Value

Sold Prices£75K - £287K
Sold Prices/m²£711/m² - £3.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£135,000

 

 

End Value (After Refurb)

£192,092

Uplift in Value

+42%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Refurb Costs

£39,200

Bridging Loan Interest

£3,544

Total Cash In

£83,494

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£192,092

Mortgage (After Refinance)

£144,069

Mortgage LTV

75%

Cash Released

£42,819

Cash Left In

£40,675

Equity

£48,023

Rent Range

£700 - £1,345

Rent Estimate

£814

Running Costs/mo

£783

Cashflow/mo

£31

Cashflow/yr

£371

ROI

0%

Gross Yield

7%

Local Sold Prices

50 sold prices from £75K to £287K, average is £181K. £711/m² to £3.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£146K11/230.07 mi15, Ribble Street, Bacup, Lancashire OL13 9RH3
£93K10/200.07 mi11, Ribble Street, Bacup, Lancashire OL13 9RH3
£160K03/210.08 mi7, The Ferns, Bacup, Lancashire OL13 9RP3
£160K05/210.12 mi8, Green Hill, Bacup, Lancashire OL13 9NY3
£190K10/200.13 mi19, Walton Close, Bacup, Lancashire OL13 9RE3
£175K12/200.13 mi15, Walton Close, Bacup, Lancashire OL13 9RE3
£200K06/230.14 mi72, Hoghton Avenue, Bacup, Lancashire OL13 9RD3
£85K07/210.15 mi13, Verax Street, Bacup, Lancashire OL13 9QT3
£75K01/210.15 mi19, Verax Street, Bacup, Lancashire OL13 9QT3
£115K07/210.15 mi177, Pennine Road, Bacup, Lancashire OL13 9PZ3
£252K12/230.16 mi250, Rochdale Road, Bacup, Lancashire OL13 9RA3
£237K05/230.16 mi252, Rochdale Road, Bacup, Lancashire OL13 9RA3
£176K04/210.19 mi51, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£207.5K02/230.19 mi35, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£217K09/230.19 mi40, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£169.9K06/210.19 mi10, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£136.5K01/210.19 mi18, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£210K01/230.2 mi22, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£180K03/210.21 mi6, Foxdale Close, Bacup, Lancashire OL13 9PN3
£150K04/210.22 mi15, New Line, Bacup, Lancashire OL13 9RN3
£282.5K02/240.22 mi33, New Line, Bacup, Lancashire OL13 9RN3
£168K07/230.25 mi22, New Line, Bacup, Lancashire OL13 0BY3
£212K08/220.28 mi5, Douglas Road, Bacup, Lancashire OL13 9PR3
£201K06/220.29 mi57, Ramsey Avenue, Bacup, Lancashire OL13 9PJ3
£210K11/220.3 mi11, Farrington Road, Bacup, Lancashire OL13 9TE3
£182K03/210.3 mi7, Farrington Road, Bacup, Lancashire OL13 9TE3
£200K11/210.3 mi78, Douglas Road, Bacup, Lancashire OL13 9PR3
£229K02/230.3 mi64, Douglas Road, Bacup, Lancashire OL13 9PR3
£150K10/210.31 mi23, Peel Drive, Bacup, Lancashire OL13 9PU3
£86.5K08/210.32 mi74, Rochdale Road, Bacup, Lancashire OL13 9NR3
£187.5K06/220.34 mi8, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£175K03/210.34 mi67, Fieldfare Way, Bacup, Lancashire OL13 9PP3
£215K01/240.35 mi26, Cotman Close, Bacup, Lancashire OL13 9TT3
£202K09/210.37 mi2, Hawfinch Close, Bacup, Lancashire OL13 9PT3
£195K10/230.38 mi12, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£195K07/220.38 mi5, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£174.2K10/220.38 mi84, Bankside Lane, Bacup, Lancashire OL13 8HP3
£244K07/210.4 mi65, Bankside Lane, Bacup, Lancashire OL13 8HP3
£245K03/240.4 mi9, The Square, Bacup, Lancashire OL13 8HR3
£220K06/230.43 mi25, Rockcliffe Avenue, Bacup, Lancashire OL13 8JH3
£196K06/210.43 mi21, Rockcliffe Avenue, Bacup, Lancashire OL13 8JH3
£100K06/220.45 mi6, Britannia Avenue, Bacup, Lancashire OL13 9JS3
£167K01/230.46 mi20, Pendle Close, Bacup, Lancashire OL13 9JT3
£77.5K08/210.49 mi13, Thorn Street, Bacup, Lancashire OL13 9JG3
£77.5K12/200.5 mi2, Crimea Street, Bacup, Lancashire OL13 9JF3
£160K10/230.51 mi129, Newchurch Road, Bacup, Lancashire OL13 0DH3
£287K06/210.55 mi216, New Line, Bacup, Lancashire OL13 9RX3
£130K01/240.55 mi16, Fernhill Crescent, Stacksteads, Bacup, Lancashire OL13 8JU3
£158.9K03/230.55 mi4, Back Rushton Street, Stacksteads, Bacup, Lancashire OL13 0DN3
£218K12/200.55 mi6, Fernhill Close, Bacup, Lancashire OL13 8JT3

Local Rents

18 rents from £700/mo to £1.3K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£75008/230.06 mi-3
£85007/240.17 miPembroke Street, Bacup, OL133
£85008/240.17 mi-3
£75009/240.17 mi-3
£75007/240.18 miBold Street, Bacup3
£82512/240.19 mi-3
£75010/230.27 mi-3
£77502/250.27 mi-3
£77503/250.27 mi-3
£1,34506/240.4 miCallow Close, Bacup, OL133
£80002/240.49 mi-3
£85012/240.52 mi-3
£70003/250.53 mi-3
£72506/240.59 miRosehill Street, Bacup, OL133
£72507/240.59 mi-3
£80006/240.6 miAcorn Street, Bacup, OL133
£77506/240.6 mi-3
£70004/240.6 mi-3

Local Area Statistics

Population in OL13

15,293

Town centre distance

1.15 miles away

Nearest school

0.10 miles away

Nearest train station

3.82 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £135,000

December 3, 2024

Floor Plans

Description

  • Ideal Investment Property +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Extensive Views +
  • Fitted Kitchen +
  • Enclosed Rear Yard and Further Garden +
  • On Street Parking +
  • Tenure Leasehold +
  • Council Tax Band: A +
  • EPC Rating: TBC +

IDEAL PROJECT HOME WITH FANTASTIC VIEWS

Nestled in the charming area of Moorlands Terrace, Bacup, this delightful house presents an excellent opportunity for both investors and first-time buyers seeking a project. The property is ideally located in a semi-rural setting, offering a peaceful retreat from the hustle and bustle of urban life.

One of the standout features of this home is the fantastic views of the surrounding hills, which provide a picturesque backdrop and a sense of tranquillity. The property is situated on a private road, ensuring a sense of seclusion and privacy that is often sought after in today’s fast-paced world.

With its potential for renovation and personalisation, this house is perfect for those looking to create their dream home or for investors aiming to add value. The combination of its serene location and stunning views makes it a truly appealing prospect.

Whether you are looking to embark on your first homeownership journey or seeking a promising investment opportunity, this property in Bacup is not to be missed. Embrace the chance to transform this house into a beautiful home while enjoying the benefits of a quiet, scenic environment.

Ground Floor -

Hall - 5.00m x 1.52m (16'5 x 5') - Hardwood entrance door, electric storage heater, coving, ceiling rose, picture rail, dado rail, stairs to first floor and doors to two reception room and kitchen.

Reception Room One - 4.17m x 3.28m (13'8 x 10'9) - Hardwood single glazed window, electric storage heater, cornice coving, ceiling rose, picture rail, open fireplace with tiled hearth and surround.

Reception Room Two - 4.11m x 3.20m (13'6 x 10'6) - UPVC double glazed window, storage heater, ceiling rose, cornice coving, picture rail, electric fire on tiled hearth and surround.

Kitchen - 3.10m x 1.63m (10'2 x 5'4) - UPVC double glazed window, wood effect wall and base units. laminate worktops, stainless steel sink with draining board and traditional taps, space for freestanding cooker, space for fridge freezer, plumbing for washing machine, vinyl flooring and hardwood single glazed door to rear.

First Floor -

Landing - 2.44m x 1.63m (8' x 5'4) - Loft access and doors to three bedrooms and bathroom.

Bedroom One - 4.22m x 3.15m (13'10 x 10'4) - UPVC double glazed window, electric storage heater, picture rail and cast iron feature fireplace.

Bedroom Two - 4.04m x 3.15m (13'3 x 10'4) - Hardwood single glazed window, electric storage heater, picture rail and cast iron feature fireplace.

Bedroom Three - 3.18m x 2.06m (10'5 x 6'9) - Hardwood single glazed window and picture rail.

Bathroom - 3.18m x 1.75m (10'5 x 5'9) - UPVC double glazed frosted window, low basin WC, pedestal wash basin with traditional taps, panel bath with mixer tap and rinse head, storage cupboard and vinyl flooring.

External -

Rear - Paved yard with gate to shared access road and access to further laid to lawn garden with hard standing for a garage.

Need A Mortgage? - Well look no further, Keenans can connect you with our in-house team at Gordon Anthony Mortgages. With access to a whole of market comprehensive range of mortgage products to meet your needs. From high street lenders, regional building societies and intermediary-only lenders – they’ve got you covered and will help find you the best rate and could save you thousands over the course of your mortgage.

Call today to find out more!

Your home may be repossessed if you do not keep up repayments on your mortgage.

Agent Details

Keenans Estate Agents, Rawtenstall

01706 335861

Next Steps?

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