3 Bed Semi-Detached House, Single Let, Bacup, OL13 9LH, £90,000

311C Tong Lane, Bacup, OL13 9LH - 2 views - 3 months ago

Auction
BTL
ROI: 8%
~93 m²
+13 photos

ValuationUndervalued

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

 

 

Square Metres

~93 m²
Price/m²£968/m²

Value Estimate

£111,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Total Cash In

£26,400

 

 

Cash Out

 

Rent Range

£575 - £950

Rent Estimate

£583

Running Costs/mo

£418

Cashflow/mo

£165

Cashflow/yr

£1,982

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £77.5K to £270K, average is £135K. £711/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£92K10/200.01 mi46, Tong Lane, Bacup, Lancashire OL13 9LH3
£132.5K01/230.01 mi64, Tong Lane, Bacup, Lancashire OL13 9LH3
£120K06/220.05 mi70, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£109K01/210.1 mi32, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£135K03/230.1 mi6, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£150.5K11/220.12 mi1, Thorn Gardens, Bacup, Lancashire OL13 9LE3
£167K01/230.16 mi20, Pendle Close, Bacup, Lancashire OL13 9JT3
£100K06/220.17 mi6, Britannia Avenue, Bacup, Lancashire OL13 9JS3
£129K11/230.18 mi9, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£135K03/240.18 mi11, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£135K02/240.18 mi7, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£106K12/200.19 mi1, Greave Clough Drive, Bacup, Lancashire OL13 9HP3
£130K01/210.24 mi4, Beech Close, Bacup, Lancashire OL13 9DS3
£182.5K03/210.24 mi5, Greave Terrace, Bacup, Lancashire OL13 9HL3
£77.5K12/200.24 mi2, Crimea Street, Bacup, Lancashire OL13 9JF3
£77.5K08/210.26 mi13, Thorn Street, Bacup, Lancashire OL13 9JG3
£201K05/230.27 mi18, Oakenclough Road, Bacup, Lancashire OL13 9ET3
£175K01/210.27 mi18, Oakenclough Road, Bacup, Lancashire OL13 9ET3
£195K07/220.27 mi5, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£97K12/210.28 mi14, Clover Street, Bacup, Lancashire OL13 9DE3
£110K02/210.28 mi6, Clover Street, Bacup, Lancashire OL13 9DE3
£240K07/220.28 mi10, Greensnook Lane, Bacup, Lancashire OL13 9DQ3
£195K10/230.28 mi12, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£170K02/230.3 mi27, Moorside Crescent, Bacup, Lancashire OL13 9HY3
£100K11/210.3 mi7, Walnut Street, Bacup, Lancashire OL13 9DD3
£107.3K10/230.3 mi3, Walnut Street, Bacup, Lancashire OL13 9DD3
£135K10/230.3 mi16, Walnut Street, Bacup, Lancashire OL13 9DD3
£270K06/210.31 mi1, Coal Pit Lane, Bacup, Lancashire OL13 9HA3
£202K09/210.31 mi2, Hawfinch Close, Bacup, Lancashire OL13 9PT3
£118K06/230.32 mi25, Greensnook Lane, Bacup, Lancashire OL13 9DF3
£121K12/230.32 mi15, Greensnook Lane, Bacup, Lancashire OL13 9DF3
£131K09/230.33 mi7, Croft Street, Bacup, Lancashire OL13 9DB3
£187.5K06/220.33 mi8, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£110K12/230.36 mi4, Stanley Mount, Bacup, Lancashire OL13 9DA3
£175K03/210.36 mi67, Fieldfare Way, Bacup, Lancashire OL13 9PP3
£86.5K08/210.36 mi74, Rochdale Road, Bacup, Lancashire OL13 9NR3
£225K11/200.37 mi21, Windermere Road, Bacup, Lancashire OL13 9DN3
£170K05/220.38 mi14, Pendle Avenue, Bacup, Lancashire OL13 9DW3
£157K11/200.39 mi1, Waterside Terrace, Bacup, Lancashire OL13 9BX3
£100K10/220.47 mi13, Blackthorn Lane, Bacup, Lancashire OL13 8EB3
£83K06/210.47 mi9, Mowgrain View, Bacup, Lancashire OL13 8EJ3
£115K07/210.47 mi177, Pennine Road, Bacup, Lancashire OL13 9PZ3
£150K10/210.48 mi23, Peel Drive, Bacup, Lancashire OL13 9PU3
£180K03/210.49 mi6, Foxdale Close, Bacup, Lancashire OL13 9PN3
£117.5K10/210.5 mi15, Ash Street, Bacup, Lancashire OL13 8AJ3
£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
£116K03/230.51 mi2, Albert Terrace, Bacup, Lancashire OL13 8BJ3
£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 
£95002/240.05 mi-3
£95010/240.05 mi-3
£77508/240.2 miChrist Church Street, Bacup, OL133
£85012/240.21 mi-3
£70003/250.22 mi-3
£85001/240.25 mi-3
£80002/240.25 mi-3
£72506/240.44 miRosehill Street, Bacup, OL133
£72507/240.44 mi-3
£80006/240.47 miAcorn Street, Bacup, OL133
£77506/240.47 mi-3
£70004/240.47 mi-3
£82512/240.48 mi-3
£85003/250.49 mi-3
£75007/240.51 miBold Street, Bacup3
£75009/240.52 mi-3
£60010/230.53 mi-3
£60010/230.53 mi-3
£57501/240.53 mi-3
£85007/240.55 miPembroke Street, Bacup, OL133
£85008/240.55 mi-3
£59503/250.56 mi-3
£75008/230.57 mi-3

Local Area Statistics

Population in OL13

15,293

Town centre distance

0.57 miles away

Nearest school

0.10 miles away

Nearest train station

3.63 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £90,000

January 16, 2025

Description

  • Semi Detached Property +
  • Three Bedrooms +
  • Three Piece Bathroom +
  • Modern Fitted Kitchen +
  • Bursting with Potential +
  • Perfect Family Home +
  • Gardens to Front and Rear +
  • Tenure Freehold +
  • Council Tax Band A +
  • EPC Rating C +

THREE BEDROOM FAMILY PROPERTY

To be sold via online auction - powered by The Auction Group

Situated in the heart town of Bacup, this three bedroom home provides easy access to the town centre. With a spacious living room, a fitted kitchen, three bedrooms, a three piece bathroom suite as well as rear and front gardens, this property is perfect for a small family or somebody looking for a practical upsize. This property is also just a short drive away from well regarded schools and local amenities as well as commuter routes to surrounding towns and cities.

This property comprises briefly: entrance into the hallway with stairs leading to the first floor landing and doors providing access to the fitted kitchen and spacious living room. From the kitchen, there are doors providing access to storage and the rear garden. From the first floor landing, there are doors allowing access to three bedrooms and a three piece bathroom suite.
Externally, the property offers a rear, enclosed, laid to lawn garden with access to the front of the property. To the front, there is an enclosed laid to lawn garden with a paved patio pathway and bedding area.

To be sold via Online Auction, via unconditional terms, completion strictly within 28 days
Bidding window opens - TBC
Auction Ends- TBC
Starting price - £90000 (Reserve price is higher & unpublished)
Fees
All fees are payable by banks transfer only (we do not take card payments )
Buyers premium - Please note that there is a buyers premium that applies to this lot please see legal pack for further details, payable by the buyer within 2 hours of winning the auction. The buyers premium does not constitute part of the sale price, this is the auctioneers fee and is to be paid over and above the sale price paid to the vendor.
Searches - searches have been ordered and will be made available for download from The Auction Groups website prior to bidding taking place.

Entrance -

Hallway - Hardwood front door leading into hallway, radiator, upvc dg window to the front, cloaks and stairs off to first floor.

Lounge - 5.49m x 3.35m (18" x 11) - Spacious lounge with wall mounted gas fire, 2 radiators and upvc dg window to the front and rear elevation

Kitchen - 4.57 x3.38 (14'11" x11'1") - Fitted kitchen with wall & base units, stainless steel sink and drainer, plumbing for washing machine, under stairs storage, tiled floor, radiator, hardwood door giving access to rear garden.

Landing - Landing with access to loft via hatch and doors off to bedrooms and bathroom

Bedroom One - 3.4 x 2.92 (11'1" x 9'6") - Double room, radiator and upvc dg window to the rear overlooking park with countryside views.

Bedroom Two - 3.38 x 2.54 (11'1" x 8'3") - double room, radiator and upvc dg window to the front.

Bedroom Three - 2.67 x 1.73 (8'9" x 5'8") - Single room, radiator and upvc dg window to the front.

Family Bathroom - Fitted with 3 piece suite in white comprising of wc, basin and bath, splash back tiling, storage cupboard housing water cylinder, radiator and upvc dg window with obscured glass.

External - Large garden to the rear

Agent Details

Keenans Estate Agents, Swinton

0161 524 5515

Next Steps?

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