2 Bed Terraced House, Refurb/BRRR, Rossendale, BB4 6NS, £110,000

12 Hope Street, Rossendale, Lancashire, BB4 6NS - 9 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+4 photos

ValuationOvervalued

Sold Prices£56K - £218K
Sold Prices/m²£591/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£94,721

 

 

End Value (After Refurb)

£105,359

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£28,876

Bridging Loan Interest

£2,888

Total Cash In

£65,513

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£105,359

Mortgage (After Refinance)

£79,019

Mortgage LTV

75%

Cash Left In

£65,513

Equity

£26,340

Rent Range

£595 - £995

Rent Estimate

£786

Running Costs/mo

£506

Cashflow/mo

£280

Cashflow/yr

£3,355

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £56K to £218K, average is £100.5K. £591/m² to £2.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£56K07/230.01 mi8, Rifle Street, Haslingden, Rossendale, Lancashire BB4 6NR2
£110K11/210.03 mi164, Bury Road, Haslingden, Rossendale, Lancashire BB4 5PE2
£90K02/210.06 mi107, Manchester Road, Haslingden, Rossendale, Lancashire BB4 6NT2
£130K09/210.06 mi11, Hazeldene Avenue, Haslingden, Rossendale, Lancashire BB4 6NU2
£133K02/230.07 mi19, Grane Street, Haslingden, Rossendale, Lancashire BB4 5NB2
£68.5K04/210.08 mi15, Store Street, Haslingden, Rossendale, Lancashire BB4 5TH2
£65K05/210.08 mi4, Store Street, Haslingden, Rossendale, Lancashire BB4 5TH2
£95K11/200.08 mi5, St Peters Avenue, Haslingden, Rossendale, Lancashire BB4 6NZ2
£147.5K03/230.12 mi3, Pine Street, Haslingden, Rossendale, Lancashire BB4 5ND2
£130K01/230.13 mi1a, Poplar Street, Haslingden, Rossendale, Lancashire BB4 5LY2
£72K02/210.13 mi17, Greenfield Street, Haslingden, Rossendale, Lancashire BB4 5TG2
£92.3K10/210.15 mi33, Hillside Road, Haslingden, Rossendale, Lancashire BB4 5NW2
£77K11/200.15 mi20, Park Street, Haslingden, Rossendale, Lancashire BB4 5TF2
£87.5K11/200.15 mi36, Park Street, Haslingden, Rossendale, Lancashire BB4 5TF2
£116K11/210.18 mi58, Piccadilly Street, Haslingden, Rossendale, Lancashire BB4 5LU2
£94K07/210.18 mi36, Piccadilly Street, Haslingden, Rossendale, Lancashire BB4 5LU2
£94K07/210.18 mi36, Piccadilly Street, Haslingden, Rossendale, Lancashire BB4 5LU2
£145K08/230.2 mi7, New Street, Haslingden, Rossendale, Lancashire BB4 5TA2
£75K08/210.23 mi6, Walnut Avenue, Haslingden, Rossendale, Lancashire BB4 5NJ2
£110K12/220.25 mi5, Peel Street, Haslingden, Rossendale, Lancashire BB4 5DZ2
£107.5K07/230.25 mi34, Peel Street, Haslingden, Rossendale, Lancashire BB4 5DZ2
£110K06/230.26 mi17, Deardengate Croft, Haslingden, Rossendale, Lancashire BB4 5SX2
£165K03/210.28 mi97, Laneside Road, Haslingden, Rossendale, Lancashire BB4 6PG2
£80K03/210.28 mi2, Rudd Street, Haslingden, Rossendale, Lancashire BB4 5DG2
£72K10/210.3 mi17, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£85.5K04/210.3 mi33, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£63K06/230.3 mi15, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£94K03/230.3 mi7, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£71K03/230.31 mi32, Townsend Street, Haslingden, Rossendale, Lancashire BB4 5DF2
£105K03/230.32 mi20, Chapel Street, Haslingden, Rossendale, Lancashire BB4 5QR2
£93.7K06/210.32 mi4, Chapel Street, Haslingden, Rossendale, Lancashire BB4 5QR2
£99K11/210.33 mi2, Elm Close, Haslingden, Rossendale, Lancashire BB4 5QS2
£85K04/210.34 mi34, Hargreaves Street, Haslingden, Rossendale, Lancashire BB4 5RQ2
£152K07/230.34 mi26, Heys Street, Haslingden, Rossendale, Lancashire BB4 5DU2
£80K11/200.35 mi12, Heys Street, Haslingden, Rossendale, Lancashire BB4 5DU2
£110K09/210.38 mi29, South Shore Street, Haslingden, Rossendale, Lancashire BB4 5DX2
£65K02/210.38 mi53, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5QG2
£156K08/210.38 mi14, Park Crescent, Haslingden, Rossendale, Lancashire BB4 6PS2
£165K05/230.38 mi3, Hillrise, Haslingden, Rossendale, Lancashire BB4 6PH2
£140K02/210.38 mi21, Hillrise, Haslingden, Rossendale, Lancashire BB4 6PH2
£210K04/210.4 mi1, Park Avenue, Haslingden, Rossendale, Lancashire BB4 6PP2
£92K07/230.41 mi350, Manchester Road, Haslingden, Rossendale, Lancashire BB4 6PU2
£72.5K02/230.41 mi16, Parkinson Street, Haslingden, Rossendale, Lancashire BB4 5BE2
£102K01/210.41 mi12, South Street, Haslingden, Rossendale, Lancashire BB4 6PZ2
£141.5K07/230.45 mi339, Manchester Road, Haslingden, Rossendale, Lancashire BB4 6PT2
£218K02/210.45 mi3, Cambrian Way, Haslingden, Rossendale, Lancashire BB4 6TN2
£185K08/210.49 mi17, Fields Road, Haslingden, Rossendale, Lancashire BB4 6QA2
£108K03/230.51 mi38, Hudrake, Haslingden, Rossendale, Lancashire BB4 5AF2
£147.5K02/210.54 mi5, Jubilee Road, Haslingden, Rossendale, Lancashire BB4 5EU2
£170K06/230.57 mi4, Myrtle Grove, Haslingden, Rossendale, Lancashire BB4 4DE2

Local Rents

12 rents from £595/mo to £995/mo, average is £730/mo.

RentDateDistanceAddressBeds 
£65009/230.1 mi-2
£59510/230.1 mi-2
£79503/250.12 mi-2
£79512/240.15 miPine street, Haslingden, Rossendale BB4 5ND2
£60009/230.16 mi-2
£75003/250.19 mi-2
£99511/240.31 mi-2
£60012/240.31 miProspect Hill, Haslingden, Rossendale2
£80003/250.35 mi-2
£67512/240.35 miCharles Lane, Haslingden, Rossendale2
£71011/230.36 mi-2
£77503/250.42 mi-2

Local Area Statistics

Population in BB4

41,137

Town centre distance

2.32 miles away

Nearest school

0.10 miles away

Nearest train station

4.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £110,000

December 16, 2024

Sold for £56,500

2005

Sold for £39,000

2004

Sold for £24,000

1995

Description

  • Well-proportioned mid terrace +
  • Basic modernisation required +
  • Boiler recently installed +
  • Large yard to rear +
  • Convenient for Amenities +
  • Good transport links +
  • Schools close by +
  • Popular location +
  • Potential to add value +
  • Good BTL proposition +

Charming Two-Bedroom Mid-Terrace Property on the Outskirts of Haslingden

Welcome to this delightful two-bedroom stone mid-terrace property, perfectly situated on the outskirts of Haslingden. This charming home is an ideal opportunity for first-time buyers or savvy investors looking to expand their portfolio.

As you step into the property, you are greeted by a cosy lounge that provides a warm and inviting atmosphere—perfect for relaxing after a long day. Adjacent to the lounge is a spacious dining kitchen, although requiring a modicum of modernisation, offers ample space for family meals and entertaining guests.
Venturing to the first floor, you will find two generously sized bedrooms that provide a serene retreat for restful nights. The spacious bathroom completes the upper level, again requiring basic upgrading but giving a purchaser with an eye for design the opportunity to create their own oasis whilst adding value.

Externally, the property boasts an enclosed garden/yard area to the rear, providing a private space for outdoor enjoyment. With gated access, this could be perfect for summer barbecues, gardening, or for simply unwinding in the fresh air.

Situated outskirts of Haslingden, this property is ideally located to enjoy easy access to local amenities, schools, and transport links, making it an ideal location for both work and leisure.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

RAW240290/2

Agent Details

Reeds Rains, Rawtenstall

01706 335889

Next Steps?

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