3 Bed Terraced House, Refurb/BRRR, Accrington, BB5 6NQ, £65,000

Prospect Terrace, Huncoat, Accrington, Lancashire, BB5 6NQ - 63 views - 3 months ago

Sold STC

Leasehold

Cash

Refurb/BRRR

ROI: 1%

~93 m²

+13 photos

ValuationFair Value

Sold Prices	£80K - £334K
Sold Prices/m²	£909/m² - £2.3K/m²

Square Metres	~93 m²
Price/m²	£699/m²
Value Estimate	£65,650£65,650

End Value (After Refurb)	£171,255£171,255
Uplift in Value	+163%+163%
You could potentially get back more cash than you put into this deal. All your cash out plus £17,407 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£3,150£3,150
Refurb Costs	£39,428£39,428
Bridging Loan Interest	£1,706£1,706
Total Cash In	£62,285£62,285

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£171,255£171,255
Agent Fees (1%)	£1,713£1,713
Bridging Loan	£48,750£48,750
Bridging Loan Interest	£1,706£1,706
Flip Profit	£58,508£58,508

Local Sold Prices

21 sold prices from £80K to £334K, average is £169.9K. £909/m² to £2.3K/m², average is £1.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£215K	02/21	0.08 mi	8, Bluebell Way, Huncoat, Accrington, Lancashire BB5 6TD	£1,853	116	3	Detached House
£204K	03/23	0.08 mi	34, Bluebell Way, Huncoat, Accrington, Lancashire BB5 6TD	£2,318	88	3	Detached House
£146K	06/21	0.15 mi	15, Enfield Road, Accrington, Lancashire BB5 6NN	-	-	3	Semi-Detached House
£137K	05/21	0.25 mi	6, Marshall Avenue, Accrington, Lancashire BB5 6NB	-	-	3	Semi-Detached House
£160K	02/23	0.32 mi	37, Towneley Avenue, Accrington, Lancashire BB5 6LP	-	-	3	Semi-Detached House
£138.8K	02/23	0.34 mi	15, Haweswater Road, Accrington, Lancashire BB5 6JJ	£1,388	100	3	Semi-Detached House
£148K	12/20	0.35 mi	13, Haweswater Road, Accrington, Lancashire BB5 6JJ	£1,358	109	3	Semi-Detached House
£157K	10/21	0.35 mi	3, Haweswater Road, Accrington, Lancashire BB5 6JJ	£1,454	108	3	Semi-Detached House
£175K	03/21	0.39 mi	5, Sutton Crescent, Huncoat, Accrington, Lancashire BB5 6XG	-	-	3	Semi-Detached House
£185K	07/23	0.39 mi	4, Meadow Close, Huncoat, Accrington, Lancashire BB5 6XF	-	-	3	Semi-Detached House
£173.5K	11/20	0.4 mi	20, Oakdene Avenue, Accrington, Lancashire BB5 6HP	£1,458	119	3	Semi-Detached House
£214.2K	03/21	0.41 mi	27, Old Hall Drive, Huncoat, Accrington, Lancashire BB5 6XA	-	-	3	Detached House
£169.9K	03/21	0.41 mi	6, Old Hall Drive, Huncoat, Accrington, Lancashire BB5 6XA	-	-	3	Semi-Detached House
£80K	12/22	0.45 mi	12, Within Grove, Accrington, Lancashire BB5 6HX	£909	88	3	Semi-Detached House
£169K	01/23	0.48 mi	5, Wessex Close, Accrington, Lancashire BB5 6UA	-	-	3	Terraced House
£196K	11/21	0.5 mi	7, Higher Gate Road, Accrington, Lancashire BB5 6LF	£1,867	105	3	Semi-Detached House
£183.5K	06/21	0.57 mi	5, Caldew Court, Accrington, Lancashire BB5 6RG	£2,062	89	3	Detached House
£334K	12/22	0.76 mi	4, Whitewell Road, Accrington, Lancashire BB5 6DA	-	-	3	Detached House
£127K	11/21	0.84 mi	250, Burnley Road, Accrington, Lancashire BB5 6HD	-	-	3	Terraced House
£170K	02/23	0.9 mi	6, Birkett Road, Accrington, Lancashire BB5 6DG	£2,099	81	3	Semi-Detached House
£160K	03/23	0.96 mi	29, Thorneyholme Road, Accrington, Lancashire BB5 6BD	-	-	3	Semi-Detached House

Local Rents

50 rents from £400/mo to £1.6K/mo, average is £700/mo.

Rent	Date	Distance	Address	Beds	Type
£1,595	02/25	0.06 mi	-	4	Detached House
£1,595	03/25	0.11 mi	-	4	Detached House
£695	12/24	0.25 mi	-	2	Flat
£1,400	12/24	0.57 mi	The Triangle, Huncoat, Accrington, BB5	4	Detached House
£1,400	12/24	0.57 mi	-	4	Detached House
£975	12/24	0.81 mi	Ribblesdale Place, Accrington, BB5	3	Terraced House
£900	12/24	0.95 mi	-	3	Semi-Detached House
£1,095	02/25	1.02 mi	-	3	Detached House
£650	12/24	1.07 mi	Manor Street, Accrington, Lancashire, BB5	2	Terraced House
£850	02/25	1.07 mi	-	2	Bungalow
£725	12/24	1.07 mi	Manor Street, Accrington, BB5	3	Terraced House
£675	12/24	1.1 mi	-	3	Terraced House
£675	12/24	1.1 mi	Norfolk Street, Accrington, BB5	3	Terraced House
£995	03/25	1.14 mi	-	5	Terraced House
£695	12/24	1.15 mi	Whalley Road, Altham West, BB5	3	Flat
£1,100	01/25	1.16 mi	Whalley Road, Altham West, BB5	5	Terraced House
£650	12/24	1.16 mi	Bold Street, Accrington, Lancashire, BB5	2	Flat
£400	12/24	1.16 mi	-	3	Terraced House
£650	12/24	1.19 mi	98 Dowry StreetAccringtonLancashire	1	Flat
£795	03/25	1.19 mi	-	2	Terraced House
£725	02/24	1.19 mi	-	3	Terraced House
£670	12/24	1.2 mi	-	2	Terraced House
£1,350	12/24	1.2 mi	Leigh Park, Hapton, Burnley	4	Flat
£875	03/25	1.23 mi	-	4	Terraced House
£650	02/25	1.24 mi	-	2	Terraced House
£520	12/24	1.25 mi	-	2	Terraced House
£700	10/23	1.25 mi	-	3	Terraced House
£595	12/24	1.25 mi	-	2	Terraced House
£525	12/24	1.25 mi	-	2	Terraced House
£750	12/24	1.26 mi	-	3	Terraced House
£750	12/24	1.26 mi	-	3	Terraced House
£650	12/24	1.26 mi	Oswald Street, Accrington, Lancashire, BB5	2	Flat
£600	12/24	1.27 mi	Water Street, Accrington	2	Terraced House
£700	02/25	1.27 mi	-	2	Terraced House
£695	01/24	1.27 mi	-	3	Terraced House
£600	03/25	1.27 mi	-	2	Terraced House
£650	02/25	1.27 mi	-	2	Terraced House
£595	12/24	1.28 mi	Brisbane Street, Clayton Le Moors, Accrington, Lancashire, BB5	2	Terraced House
£1,200	12/24	1.32 mi	Moorside Drive, Clayton-le-Moors, Lancashire, BB5	4	Detached House
£1,200	12/24	1.32 mi	Moorside Drive, Clayton-le-Moors, Lancashire, BB5	4	Detached House
£520	12/24	1.32 mi	Melbourne house, Eastgate, Accrington, BB5	1	Flat
£520	12/24	1.32 mi	Melbourne house, Eastgate, Accrington, BB5	1	Flat
£1,100	12/24	1.33 mi	Spring Meadows, Clayton Le Moors, Accrington	1	Flat
£595	12/24	1.33 mi	Oswald Street, Accrington	2	Terraced House
£750	01/24	1.34 mi	-	3	Terraced House
£700	09/24	1.35 mi	-	3	Terraced House
£550	01/25	1.35 mi	-	1	Flat
£575	03/25	1.35 mi	-	1	Flat
£750	12/24	1.35 mi	Waterloo Street, Clayton Le Moors, Accrington	4	Flat
£725	02/25	1.36 mi	-	3	Terraced House

Local Area Statistics

Population in BB5	61,41561,415
Town centre distance	1.61 miles away1.61 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.04 miles away0.04 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+21%+21%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £65,000

January 13, 2025

Floor Plans

Description

END OF TERRACED PROPERTY +
THREE BEDROOMS & THREE RECPETION ROOMS +
CASH BUYERS ONLY INVESTORS/DEVELOPERS +
NO ONWARD CHAIN +
REQUIRES CONSIDERABLE MODERNISATION +
LARGE INTERNAL FOOTPRINT +
APPROX 1355SQFT +
OFF ROAD PARKING +
EPC TO BE CONFIRMED +
LEASEHOLD +

A three bedroom end of terraced property welcomed to the market with no onward chain. Requiring considerable modernisation throughout, this home would only be suitable to cash purchasers. (EPC-TBC)

An attractive three bedroom end of terraced property welcomed to the market free of any onward chain. Whilst requiring considerable renovation, this home offers a fantastic opportunity for investors and developers.

Situated on a popular residential street in Huncoat, the home offers close proximity to local schools, amenities and major commuter links, including bus routes, train stations and the M65 network.

The ground floor comprises of; living room, dining room, kitchen and utility. The first floor comprises of; three bedrooms and a bathroom.

Internally, full modernisation is required, but is brimming with potential to be transformed into a fantastic family home.

Externally, the property has wrap around gardens with off road parking from the side of the property.

All interested parties should contact Mortimers Estate Agents.

All mains services are available, however there is no gas central heating.

Agent Details

Mortimers, Accrington

01254 961485

Next Steps?

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