2 Bed Terraced House, Refurb/BRRR, Accrington, BB5 6QU, £65,000

Water Street, Accrington, Lancashire, BB5 6QU - 6 views - 2 months ago

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

ValuationFair Value

Sold Prices£43K - £780K
Sold Prices/m²£572/m² - £11.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£954/m²

Value Estimate

£66,300

 

 

End Value (After Refurb)

£76,159

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£16,250

Stamp Duty & Legal Fees

£3,150

Refurb Costs

£28,876

Bridging Loan Interest

£1,706

Total Cash In

£51,733

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£76,159

Mortgage (After Refinance)

£57,119

Mortgage LTV

75%

Cash Released

£8,369

Cash Left In

£43,364

Equity

£19,040

Rent Range

£450 - £850

Rent Estimate

£583

Running Costs/mo

£375

Cashflow/mo

£208

Cashflow/yr

£2,501

ROI

5%

Gross Yield

11%

Local Sold Prices

50 sold prices from £43K to £780K, average is £91K. £572/m² to £11.1K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£65.5K02/210 mi59, Water Street, Accrington, Lancashire BB5 6QU2
£78K02/210.03 mi117, Avenue Parade, Accrington, Lancashire BB5 6QA2
£57K04/230.03 mi137, Avenue Parade, Accrington, Lancashire BB5 6QA2
£85K08/210.04 mi134, Avenue Parade, Accrington, Lancashire BB5 6QB2
£90K07/230.04 mi200, Avenue Parade, Accrington, Lancashire BB5 6QB2
£104K05/230.09 mi221, Stanley Street, Accrington, Lancashire BB5 6QQ2
£149.9K12/220.1 mi6, Coppice Avenue, Accrington, Lancashire BB5 6QS2
£109.5K04/230.1 mi153, Bold Street, Accrington, Lancashire BB5 6SS2
£89K12/200.1 mi153, Bold Street, Accrington, Lancashire BB5 6SS2
£92K03/230.11 mi96, Manor Street, Accrington, Lancashire BB5 6EA2
£100K10/210.12 mi166, Bold Street, Accrington, Lancashire BB5 6SR2
£69K12/200.13 mi102, Burnley Road, Accrington, Lancashire BB5 6DW2
£61K02/230.13 mi72, Water Street, Accrington, Lancashire BB5 6QZ2
£82K04/230.14 mi53, Manor Street, Accrington, Lancashire BB5 6EE2
£90K03/230.16 mi195, Burnley Road, Accrington, Lancashire BB5 6DH2
£80K04/230.16 mi39, Bold Street, Accrington, Lancashire BB5 6SW2
£100.1K10/210.16 mi163, Burnley Road, Accrington, Lancashire BB5 6DH2
£165K05/230.17 mi68, Waddington Road, Accrington, Lancashire BB5 6QL2
£780K04/210.18 mi13, Washington Street, Accrington, Lancashire BB5 6PH2
£57K10/210.19 mi78, Stanley Street, Accrington, Lancashire BB5 6PQ2
£54.5K02/210.19 mi111, Stanley Street, Accrington, Lancashire BB5 6PQ2
£92K03/230.19 mi83, Stanley Street, Accrington, Lancashire BB5 6PQ2
£65K04/230.19 mi54, Stanley Street, Accrington, Lancashire BB5 6PQ2
£101K03/230.19 mi62, Oswald Street, Accrington, Lancashire BB5 6SJ2
£85K01/230.2 mi49, Cedar Street, Accrington, Lancashire BB5 6SQ2
£75K01/230.22 mi28, Bold Street, Accrington, Lancashire BB5 6RH2
£85K05/210.22 mi23, Bradford Street, Accrington, Lancashire BB5 6TB2
£110K05/210.23 mi42, Annie Street, Accrington, Lancashire BB5 6AQ2
£90K04/230.26 mi17, Mansion Street South, Accrington, Lancashire BB5 6SH2
£75K03/230.27 mi24, Water Street, Accrington, Lancashire BB5 6PX2
£78K02/230.27 mi5, Percy Street, Accrington, Lancashire BB5 6TQ2
£72.5K05/210.27 mi45, Washington Street, Accrington, Lancashire BB5 6TF2
£46K10/210.33 mi10, Hood Street, Accrington, Lancashire BB5 1BW2
£56K06/230.33 mi31, Hood Street, Accrington, Lancashire BB5 1BW2
£104K09/210.34 mi23, Nutter Road, Accrington, Lancashire BB5 6BB2
£115K05/230.34 mi14, Nutter Road, Accrington, Lancashire BB5 6BB2
£142K05/210.35 mi4, Eton Avenue, Accrington, Lancashire BB5 6BH2
£43K05/210.36 mi31, Derby Street, Accrington, Lancashire BB5 1BP2
£100K03/230.38 mi10, Haywood Road, Accrington, Lancashire BB5 6AT2
£127.5K11/210.39 mi37, Lime Road, Accrington, Lancashire BB5 6BJ2
£105K12/210.39 mi122, Lime Road, Accrington, Lancashire BB5 6BJ2
£107K04/210.39 mi116, Lime Road, Accrington, Lancashire BB5 6BJ2
£122K12/210.4 mi23, Barnfield Street, Accrington, Lancashire BB5 2AQ2
£101.5K12/200.4 mi12, Barnfield Street, Accrington, Lancashire BB5 2AQ2
£90K05/210.4 mi36, Haywood Road, Accrington, Lancashire BB5 6AT2
£150K10/210.41 mi20, Clifton Avenue, Accrington, Lancashire BB5 6BE2
£158K03/210.41 mi41, Clifton Avenue, Accrington, Lancashire BB5 6BE2
£143K05/210.43 mi5, Winchester Avenue, Accrington, Lancashire BB5 6BP2
£130K05/210.43 mi24, Cheltenham Avenue, Accrington, Lancashire BB5 6BG2
£158K03/230.43 mi1, Winchester Avenue, Accrington, Lancashire BB5 6BP2

Local Rents

20 rents from £450/mo to £850/mo, average is £600/mo.

RentDateDistanceAddressBeds 
£65012/240.11 miManor Street, Accrington, Lancashire, BB52
£67012/240.11 mi-2
£65012/240.12 miBold Street, Accrington, Lancashire, BB52
£65002/250.12 mi-2
£65012/240.15 miOswald Street, Accrington, Lancashire, BB52
£60003/250.16 mi-2
£65002/250.17 mi-2
£59512/240.17 mi-2
£60012/240.2 miWater Street, Accrington2
£59512/240.21 miOswald Street, Accrington2
£79503/250.25 mi-2
£52512/240.33 mi-2
£55012/240.33 miLee Street, Accrington, Lancashire, BB52
£52012/240.34 mi-2
£65003/250.35 mi-2
£85002/250.44 mi-2
£49512/240.47 mi3a Cross StreetAccringtonLancashire2
£55012/240.5 miBlackburn Road,Accrington,BB52
£45012/240.5 mi-2
£52512/240.54 miEagle Street , Accrington, Lancashire, BB52

Local Area Statistics

Population in BB5

61,415

Town centre distance

0.50 miles away

Nearest school

0.10 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £65,000

January 13, 2025

Floor Plans

Description

  • TERRACED PROPERTY +
  • TWO BEDROOMS & TWO RECEPTION ROOMS +
  • CASH BUYERS ONLY +
  • NO ONWARD CHAIN +
  • APPROX 836SQFT +
  • CLOSE TO PEEL PARK PRIMARY SCHOOL & AMENITIES +
  • LARGE REAR YARD +
  • COUNCIL TAX BAND A +
  • LEASEHOLD +
  • EPC TO BE CONFIRMED +

A two bedroom terraced property welcomed to the market free of any onward chain. As the home requires considerable modernisation throughout this property would only be suitable to cash purchasers. (EPC-TBC)

A two bedroom terraced property welcomed to the market free of any onward chain. As this home requires considerable modernisation throughout, this property is only suitable for cash purchasers.

Positioned on a popular residential street in Accrington, the home is just a short distance from local amenities and eateries as well as major commuter links through to; Accrington and Blackburn.

The ground floor comprises of; the living room and dining room which are both generous in size. A kitchen extension which requires significant repairs.

The first floor comprises of; the main bedroom which is a double room and bedroom two which is a single room. The first floor is complete with the three-piece family bathroom.

Externally, there is a good-sized yard to the rear.

All interested parties should contact Mortimers Estate Agents.

All mains services available.

Agent Details

Mortimers, Accrington

01254 961485

Next Steps?

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