3 Bed Terraced House, Single Let, Bacup, OL13 9LH, £155,000

64 Tong Lane, Bacup, Lancashire, OL13 9LH - 1 views - 5 months ago

Leasehold
BTL
114 m²
+11 photos

ValuationUndervalued

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

 

 

Square Metres

114 m²
Price/m²£1.4K/m²

Value Estimate

£190,650
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Total Cash In

£44,600

 

 

Cash Out

 

Rent Range

£575 - £950

Rent Estimate

£580

Running Costs/mo

£620

Cashflow/mo

£-40

Cashflow/yr

£-484

Gross Yield

4%

Local Sold Prices

50 sold prices from £77.5K to £270K, average is £135.8K. £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
£109K01/210.07 mi32, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£135K03/230.07 mi6, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£150.5K11/220.15 mi1, Thorn Gardens, Bacup, Lancashire OL13 9LE3
£129K11/230.17 mi9, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£135K03/240.17 mi11, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£135K02/240.17 mi7, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£106K12/200.17 mi1, Greave Clough Drive, Bacup, Lancashire OL13 9HP3
£167K01/230.18 mi20, Pendle Close, Bacup, Lancashire OL13 9JT3
£100K06/220.18 mi6, Britannia Avenue, Bacup, Lancashire OL13 9JS3
£182.5K03/210.23 mi5, Greave Terrace, Bacup, Lancashire OL13 9HL3
£201K05/230.24 mi18, Oakenclough Road, Bacup, Lancashire OL13 9ET3
£175K01/210.24 mi18, Oakenclough Road, Bacup, Lancashire OL13 9ET3
£130K01/210.24 mi4, Beech Close, Bacup, Lancashire OL13 9DS3
£77.5K12/200.27 mi2, Crimea Street, Bacup, Lancashire OL13 9JF3
£195K07/220.27 mi5, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£195K10/230.28 mi12, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£77.5K08/210.29 mi13, Thorn Street, Bacup, Lancashire OL13 9JG3
£270K06/210.3 mi1, Coal Pit Lane, Bacup, Lancashire OL13 9HA3
£170K02/230.3 mi27, Moorside Crescent, Bacup, Lancashire OL13 9HY3
£240K07/220.3 mi10, Greensnook Lane, Bacup, Lancashire OL13 9DQ3
£97K12/210.3 mi14, Clover Street, Bacup, Lancashire OL13 9DE3
£110K02/210.3 mi6, Clover Street, Bacup, Lancashire OL13 9DE3
£202K09/210.31 mi2, Hawfinch Close, Bacup, Lancashire OL13 9PT3
£100K11/210.33 mi7, Walnut Street, Bacup, Lancashire OL13 9DD3
£107.3K10/230.33 mi3, Walnut Street, Bacup, Lancashire OL13 9DD3
£135K10/230.33 mi16, Walnut Street, Bacup, Lancashire OL13 9DD3
£187.5K06/220.33 mi8, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£118K06/230.34 mi25, Greensnook Lane, Bacup, Lancashire OL13 9DF3
£121K12/230.34 mi15, Greensnook Lane, Bacup, Lancashire OL13 9DF3
£131K09/230.35 mi7, Croft Street, Bacup, Lancashire OL13 9DB3
£175K03/210.36 mi67, Fieldfare Way, Bacup, Lancashire OL13 9PP3
£225K11/200.38 mi21, Windermere Road, Bacup, Lancashire OL13 9DN3
£110K12/230.39 mi4, Stanley Mount, Bacup, Lancashire OL13 9DA3
£86.5K08/210.39 mi74, Rochdale Road, Bacup, Lancashire OL13 9NR3
£170K05/220.4 mi14, Pendle Avenue, Bacup, Lancashire OL13 9DW3
£157K11/200.42 mi1, Waterside Terrace, Bacup, Lancashire OL13 9BX3
£150K10/210.48 mi23, Peel Drive, Bacup, Lancashire OL13 9PU3
£115K07/210.48 mi177, Pennine Road, Bacup, Lancashire OL13 9PZ3
£100K10/220.49 mi13, Blackthorn Lane, Bacup, Lancashire OL13 8EB3
£180K03/210.49 mi6, Foxdale Close, Bacup, Lancashire OL13 9PN3
£83K06/210.49 mi9, Mowgrain View, Bacup, Lancashire OL13 8EJ3
£212K08/220.5 mi5, Douglas Road, Bacup, Lancashire OL13 9PR3
£200K11/210.5 mi78, Douglas Road, Bacup, Lancashire OL13 9PR3
£229K02/230.5 mi64, Douglas Road, Bacup, Lancashire OL13 9PR3
£176K04/210.52 mi51, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£207.5K02/230.52 mi35, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£169.9K06/210.52 mi10, Ramsey Avenue, Bacup, Lancashire OL13 9PG3
£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 
£95002/240.06 mi-3
£95009/240.06 mi-3
£77508/240.21 miChrist Church Street, Bacup, OL133
£85012/240.24 mi-3
£70003/250.25 mi-3
£85001/240.28 mi-3
£80002/240.28 mi-3
£72506/240.47 miRosehill Street, Bacup, OL133
£72507/240.47 mi-3
£82512/240.5 mi-3
£80006/240.5 miAcorn Street, Bacup, OL133
£77506/240.5 mi-3
£70004/240.5 mi-3
£85003/250.51 mi-3
£75007/240.53 miBold Street, Bacup3
£75009/240.54 mi-3
£60010/230.55 mi-3
£60010/230.55 mi-3
£57501/240.55 mi-3
£85007/240.57 miPembroke Street, Bacup, OL133
£85008/240.57 mi-3
£59503/250.58 mi-3
£75008/230.59 mi-3

Local Area Statistics

Population in OL13

15,293

Town centre distance

0.58 miles away

Nearest school

0.10 miles away

Nearest train station

3.60 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £155,000

December 7, 2024

Sold for £132,500

2023

Sold for £9,000

2000

Floor Plans

Description

*MUST VIEW, IDEAL FAMILY HOME* INCLUDES PLOT OF LAND TO THE SIDE ASWELL***

A spacious, three-bedroom semi-detached property set over three floors and situated within walking distance to Bacup town centre where there are many local amenities and businesses. Bacup is a town in the Rossendale Borough in Lancashire in the South Pennines and is close to the boundaries of West Yorkshire and Greater Manchester. The town is ideal for commuters to surrounding areas as it is 6 miles from Rawtenstall, 9 miles from Rochdale and 8 miles from Burnley.

Internally the property comprises; ground floor - porch, kitchen, dining room with an archway into the lounge, first floor - a four-piece bathroom suite and one double bedroom, second floor - two double bedrooms.

The property has previously been modernised and has sufficient space throughout the property for a growing family. The property benefits from gas central heating, pvc doubling glazing and street parking.

Externally the property has a foot path along the side of the house to the front door and a paved area to the rear.

The house is unique as it comes with a plot of land to the side of it which is ideal for building on. The vendor has advised us that it has had previous planning on it and would be suitable for a single detached house or a HMO.

The property and land is suitable for investors and developers as the house is currently rented out and achieves £11,700 per annum. This means that you have income from day one whilst also having a plot of land to build on as well.

Lifestyle Sales and Lettings urge interested parties to arrange an internal inspection as soon as possible to avoid disappointment.

Kitchen - 1.50 x 5.60 (4'11" x 18'4") -

Lounge - 3.30 x 3.70 (10'9" x 12'1") -

Dining Room - 4.60 x 3.30 (15'1" x 10'9") -

Bathroom - 3.00 x 3.40 (9'10" x 11'1") -

Bedroom 1 - 4.50 x 3.70 (14'9" x 12'1") -

Bedroom 2 - 3.00 x 3.30 (9'10" x 10'9") -

Bedroom 3 - 4.50 x 3.70 (14'9" x 12'1") -

Disclaimer:

These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm movable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore, if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.

Tenure - Leasehold - 999 years from 15/11/1786

To be confirmed by the Vendor’s Solicitors

Possession:

Vacant possession upon completion or with the sitting Tenant

Viewing:

Viewing strictly by appointment through Lifestyle Sales and Lettings

Agent Details

Lifestyle Sales & Lettings, Bury

01706 577562

Next Steps?

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