3 Bed Detached House, Refurb/BRRR, Bacup, OL13 0UE, £150,000

253, Newchurch Road, Bacup, OL13 0UE - 4 months ago

Leasehold
Cash
Refurb/BRRR
ROI: 1%
134 m²
+18 photos

ValuationFair Value

Sold Prices£75K - £275K
Sold Prices/m²£743/m² - £2.7K/m²

 

 

Square Metres

134 m²
Price/m²£1.1K/m²

Value Estimate

£153,000

 

 

End Value (After Refurb)

£185,197

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£56,482

Bridging Loan Interest

£3,938

Total Cash In

£105,369

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£185,197

Mortgage (After Refinance)

£138,897

Mortgage LTV

75%

Cash Released

£26,397

Cash Left In

£78,972

Equity

£46,299

Rent Range

£650 - £995

Rent Estimate

£818

Running Costs/mo

£762

Cashflow/mo

£56

Cashflow/yr

£668

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £75K to £275K, average is £136.7K. £743/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£82K10/230.04 mi24, Union Street, Stacksteads, Bacup, Lancashire OL13 0RQ3
£110K04/210.04 mi18, Plantation Street, Bacup, Lancashire OL13 0QX3
£132K05/210.09 mi6, Commercial Street, Bacup, Lancashire OL13 0UA3
£275K05/210.1 miSunny Bank House, Trinity Street, Stacksteads, Bacup, Lancashire OL13 0RN3
£100K03/210.11 mi15, Heathfield Avenue, Stacksteads, Bacup, Lancashire OL13 0SQ3
£112.5K11/200.11 mi15, Blackwood Court, Stacksteads, Bacup, Lancashire OL13 0BD3
£128K03/210.15 mi193, Newchurch Road, Bacup, Lancashire OL13 0UE3
£123K05/230.16 mi33, Tunstead Road, Stacksteads, Bacup, Lancashire OL13 0RU3
£75K06/210.19 mi32, Branch Street, Stacksteads, Bacup, Lancashire OL13 0TX3
£115K12/230.19 mi13, Branch Street, Stacksteads, Bacup, Lancashire OL13 0TX3
£75K12/210.21 mi21, Acre Mill Road, Bacup, Lancashire OL13 0HF3
£114.5K04/210.22 mi13, Hindle Street, Stacksteads, Bacup, Lancashire OL13 8LL3
£94.5K10/200.22 mi10, Hindle Street, Bacup, Lancashire OL13 8LL3
£168K06/230.22 mi22, Osborne Terrace, Stacksteads, Bacup, Lancashire OL13 8JZ3
£82K06/230.23 mi6, Farholme Lane, Stacksteads, Bacup, Lancashire OL13 0EU3
£150K08/230.23 mi333, Newchurch Road, Bacup, Lancashire OL13 0LD3
£150K10/220.27 mi167, Newchurch Road, Bacup, Lancashire OL13 0TS3
£87K05/210.28 mi14, Holme Street, Stacksteads, Bacup, Lancashire OL13 0ET3
£87.5K04/230.28 mi17, Holme Street, Stacksteads, Bacup, Lancashire OL13 0ET3
£175K07/230.28 mi38, Heathbourne Road, Stacksteads, Bacup, Lancashire OL13 0SW3
£167K07/210.28 mi38, Heathbourne Road, Stacksteads, Bacup, Lancashire OL13 0SW3
£118.5K09/210.28 mi4, Hill Crest, Bacup, Lancashire OL13 8LA3
£270K10/220.3 miBrookside Bungalow, Greens Lane, Stacksteads, Bacup, Lancashire OL13 0JJ3
£157.5K08/210.31 mi8, Crowtree Avenue, Stacksteads, Bacup, Lancashire OL13 0LP3
£140K11/200.31 mi4, Crowtree Avenue, Stacksteads, Bacup, Lancashire OL13 0LP3
£180K11/220.32 mi2, Mitchell Field Nook, Bacup, Lancashire OL13 8NJ3
£200K05/230.32 mi4, Mitchell Field Nook, Bacup, Lancashire OL13 8NJ3
£100K11/200.33 mi85, Cutler Lane, Bacup, Lancashire OL13 0HW3
£190K12/230.33 mi59, Cutler Lane, Stacksteads, Bacup, Lancashire OL13 0HW3
£180K08/230.36 mi81, Booth Road, Stacksteads, Bacup, Lancashire OL13 0TA3
£110K01/210.36 mi79, Booth Road, Bacup, Lancashire OL13 0TA3
£190K11/230.36 mi2, Fernville Terrace, Bacup, Lancashire OL13 0EH3
£245K11/220.36 mi12, Fernville Terrace, Bacup, Lancashire OL13 0EH3
£180K05/220.37 mi28, Fernhill Drive, Stacksteads, Bacup, Lancashire OL13 8JS3
£135K09/230.37 mi10, Tunstead Mill Terrace, Bacup, Lancashire OL13 0ND3
£138.4K07/210.38 mi26, Fernhill Drive, Bacup, Lancashire OL13 8JS3
£185K11/210.38 mi36, Fernhill Drive, Stacksteads, Bacup, Lancashire OL13 8JS3
£83K11/200.39 mi145a, Newchurch Road, Bacup, Lancashire OL13 0EE3
£93.5K05/210.43 mi367, Newchurch Road, Bacup, Lancashire OL13 0NB3
£125K06/230.43 mi522, Newchurch Road, Bacup, Lancashire OL13 0NB3
£150K07/230.43 mi367, Newchurch Road, Bacup, Lancashire OL13 0NB3
£172.5K01/210.48 mi164, Booth Road, Stacksteads, Bacup, Lancashire OL13 0TF3
£226K02/210.48 mi124, Booth Road, Stacksteads, Bacup, Lancashire OL13 0TF3
£218K12/200.49 mi6, Fernhill Close, Bacup, Lancashire OL13 8JT3
£158.9K03/230.5 mi4, Back Rushton Street, Stacksteads, Bacup, Lancashire OL13 0DN3
£130K01/240.51 mi16, Fernhill Crescent, Stacksteads, Bacup, Lancashire OL13 8JU3
£152K05/220.51 mi520, Newchurch Road, Bacup, Lancashire OL13 0NB3
£120K05/210.53 mi45, Lee Road, Bacup, Lancashire OL13 0EA3
£106.5K05/210.53 mi12, Lee Road, Bacup, Lancashire OL13 0EA3
£160K10/230.54 mi129, Newchurch Road, Bacup, Lancashire OL13 0DH3

Local Rents

16 rents from £650/mo to £995/mo, average is £813/mo.

RentDateDistanceAddressBeds 
£79503/240.07 mi-3
£79502/250.07 mi-3
£95006/240.12 miNewchurch Road, Stacksteads, Bacup3
£75002/240.16 mi-3
£99503/250.19 mi-3
£65006/240.21 miAcre Mill Road, Bacup3
£80006/240.22 mi-3
£82512/240.23 mi-3
£77506/240.24 miFarholme Lane, Stacksteads3
£89503/250.24 mi-3
£95002/250.25 mi-3
£77506/240.27 miNewchurch Road, Bacup, OL133
£77507/240.27 miNewchurch Road, Bacup, OL133
£90007/240.32 mi-3
£90007/240.32 miHammond Avenue, Bacup, OL133
£92504/250.43 mi-3

Local Area Statistics

Population in OL13

15,293

Town centre distance

1.76 miles away

Nearest school

0.10 miles away

Nearest train station

4.85 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £150,000

December 23, 2024

Floor Plans

Description

  • Newchurch Road, Stacksteads, Rossendale +
  • 3 Bedroom Detached Home +
  • Spacious, 3 Storey Accommodation +
  • REQUIRING REFURBISHMENT +
  • Modern Kitchen & Excellent Bathrooms +
  • Garden Area To Rear +
  • Private Parking Area +
  • AN IDEAL OPPORTUNITY TO ADD VALUE +
  • CASH BUYERS ONLY +
  • NO CHAIN DELAY +

*NEW* - DETACHED, 3 STOREY HOME, REQUIRED REFURBISHMENT / RENOVATION, DECEPTIVELY SPACIOUS ACCOMMODATION - Ideal Opportunity To Add Value, Private Parking Space, Garden Area To Rear - A FULL PROJECT OPPORTUNITY - View By Appointment Only - CASH BUERS ONLY SOUGHT - NO CHAIN DELAY!!!

Newchurch Road, Stacksteads, Rossendale is a spacious, 3 bedroom detached property, requiring full refurbishment and laid out over 3 floors. Offered For Sale with NO CHAIN DELAY our client is seeking cash buyers only for this ideal chance to purchase and add value which unusually, also has a garden area to the rear and private parking to the side. CONTACT US TO VIEW - By APPOINTMENT ONLY.

Internally, the property briefly comprises: open plan Lounge / Dining, Kitchen / Dining Room, first floor Landing, one open plan area previously 2 bedrooms, Bathroom, attic Landing off to Bedroom 1 and En-Suite Bathroom. Externally, to the side of the property is Private Parking provision, while to the rear is a Garden area too.

This property is ideally located for access to through-valley commuter routes and public transport. Nearby facilities include a range of local amenities in Stacksteads and Waterfoot, with further health, shopping and leisure facilities being available at Stubbylee and in Bacup town centre. Rawtenstall town centre, motorway links and public transport including the X43 to Manchester, are all also within easy reach.

Open Plan Lounge / Dining - 7.70m x 4.34m (25'3" x 14'3") -

Kitchen/Diner - 3.44m x 4.37m (11'3" x 14'4") -

Landing -

Bedroom 2 - 3.50m x 4.34m (11'6" x 14'3") -

Bedroom 3 - 4.65m x 2.50m (15'3" x 8'2") -

Jack & Jill Bathroom - 3.05m x 1.75m (10'0" x 5'8") -

2nd Floor -

Bedroom 1 - 7.80m x 4.49m (25'7" x 14'9") -

En-Suite Bathroom - 3.28m x 2.32m (10'9" x 7'7") -

Side Driveway -

Land To Rear -

Agents Notes - Council Tax: Band 'C'
Tenure: Leasehold - 999 years from 1st May 1877.
Stamp Duty: 0% up to £125,000, 2% of the amount between £125,001 & £250,000, 5% of the amount between £250,001 & £925,000, 10% of the amount between £925,001 & £1,500,000. For some purchases, an additional 3% 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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