2 Bed Terraced House, Refurb/BRRR, Accrington, BB5 2NE, £75,000

Bishop Street, Accrington, Lancashire, BB5 2NE - 3 views - 2 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+10 photos

ValuationOvervalued

Sold Prices£40.2K - £780K
Sold Prices/m²£478/m² - £11.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£58,756

 

 

End Value (After Refurb)

£80,986

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Refurb Costs

£28,876

Bridging Loan Interest

£1,969

Total Cash In

£54,795

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£80,986

Mortgage (After Refinance)

£60,739

Mortgage LTV

75%

Cash Released

£4,489

Cash Left In

£50,306

Equity

£20,246

Rent Range

£400 - £675

Rent Estimate

£567

Running Costs/mo

£386

Cashflow/mo

£181

Cashflow/yr

£2,166

ROI

4%

Gross Yield

9%

Local Sold Prices

50 sold prices from £40.2K to £780K, average is £76K. £478/m² to £11.1K/m², average is £989/m².

PriceDateDistanceAddressBeds 
£95K04/230.04 mi18, Russell Street, Accrington, Lancashire BB5 2NF2
£64K01/210.04 mi26, Russell Street, Accrington, Lancashire BB5 2NF2
£90K11/200.07 mi34, Lemonius Street, Accrington, Lancashire BB5 2LP2
£75K03/230.08 mi47, Nuttall Street, Accrington, Lancashire BB5 2HN2
£60K05/230.14 mi136, Royds Street, Accrington, Lancashire BB5 2LH2
£48.5K10/210.2 mi62, Belfield Road, Accrington, Lancashire BB5 2HH2
£49K05/210.2 mi64, Belfield Road, Accrington, Lancashire BB5 2HH2
£69.1K02/210.21 mi162, Wellington Street, Accrington, Lancashire BB5 2NJ2
£122K12/210.31 mi23, Barnfield Street, Accrington, Lancashire BB5 2AQ2
£101.5K12/200.31 mi12, Barnfield Street, Accrington, Lancashire BB5 2AQ2
£48K12/210.34 mi4, Major Street, Accrington, Lancashire BB5 0PN2
£64K09/210.34 mi8, Major Street, Accrington, Lancashire BB5 0PN2
£78K02/230.36 mi5, Percy Street, Accrington, Lancashire BB5 6TQ2
£150K12/200.36 mi121, Manchester Road, Accrington, Lancashire BB5 2NY2
£72.5K05/210.36 mi45, Washington Street, Accrington, Lancashire BB5 6TF2
£55.5K06/230.37 mi85, Richmond Hill Street, Accrington, Lancashire BB5 0PZ2
£90K04/230.39 mi17, Mansion Street South, Accrington, Lancashire BB5 6SH2
£120K06/210.41 mi6, Worsley Street, Accrington, Lancashire BB5 2PA2
£75K01/230.41 mi28, Bold Street, Accrington, Lancashire BB5 6RH2
£85K05/210.43 mi23, Bradford Street, Accrington, Lancashire BB5 6TB2
£85K01/230.44 mi49, Cedar Street, Accrington, Lancashire BB5 6SQ2
£101K03/230.44 mi62, Oswald Street, Accrington, Lancashire BB5 6SJ2
£280K12/200.45 miGully House, Henry Street, Accrington, Lancashire BB5 2PB2
£57K10/210.45 mi78, Stanley Street, Accrington, Lancashire BB5 6PQ2
£54.5K02/210.45 mi111, Stanley Street, Accrington, Lancashire BB5 6PQ2
£92K03/230.45 mi83, Stanley Street, Accrington, Lancashire BB5 6PQ2
£65K04/230.45 mi54, Stanley Street, Accrington, Lancashire BB5 6PQ2
£75K03/230.45 mi24, Water Street, Accrington, Lancashire BB5 6PX2
£77K02/230.45 mi35, Richmond Hill Street, Accrington, Lancashire BB5 0QT2
£780K04/210.46 mi13, Washington Street, Accrington, Lancashire BB5 6PH2
£80K03/230.47 mi20, Hopwood Street, Accrington, Lancashire BB5 0QF2
£80K04/230.47 mi39, Bold Street, Accrington, Lancashire BB5 6SW2
£44K05/230.49 mi5, Garbett Street, Accrington, Lancashire BB5 0QJ2
£60K07/230.5 mi92, Ormerod Street, Accrington, Lancashire BB5 0QG2
£61K02/230.53 mi72, Water Street, Accrington, Lancashire BB5 6QZ2
£100K10/210.54 mi166, Bold Street, Accrington, Lancashire BB5 6SR2
£145.5K02/210.55 mi57, Oakwood Road, Accrington, Lancashire BB5 2PG2
£40.2K02/230.56 mi8, Scaitcliffe Street, Accrington, Lancashire BB5 0RF2
£85K08/210.59 mi134, Avenue Parade, Accrington, Lancashire BB5 6QB2
£90K07/230.59 mi200, Avenue Parade, Accrington, Lancashire BB5 6QB2
£82K10/210.59 mi130, Willows Lane, Accrington, Lancashire BB5 0LN2
£60.5K11/200.59 mi124, Willows Lane, Accrington, Lancashire BB5 0LN2
£70K05/210.59 mi120, Willows Lane, Accrington, Lancashire BB5 0LN2
£43K05/210.59 mi31, Derby Street, Accrington, Lancashire BB5 1BP2
£78K02/210.61 mi117, Avenue Parade, Accrington, Lancashire BB5 6QA2
£57K04/230.61 mi137, Avenue Parade, Accrington, Lancashire BB5 6QA2
£46K10/210.61 mi10, Hood Street, Accrington, Lancashire BB5 1BW2
£56K06/230.61 mi31, Hood Street, Accrington, Lancashire BB5 1BW2
£109.5K04/230.61 mi153, Bold Street, Accrington, Lancashire BB5 6SS2
£89K12/200.61 mi153, Bold Street, Accrington, Lancashire BB5 6SS2

Local Rents

26 rents from £400/mo to £675/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£59512/240.01 miBishop Street, Accrington, Lancashire, BB52
£67503/250.03 mi-2
£40012/240.03 miSouth Street, Accrington, BB52
£59512/240.03 miSouth Street, Accrington2
£55012/240.07 miClement Street, Accrington, Lancashire, BB52
£63012/240.07 miWoodnook2
£45012/240.16 mi-2
£50002/250.18 mi-2
£49512/240.27 mi3a Cross StreetAccringtonLancashire2
£65003/250.29 mi-2
£55012/240.3 miLee Street, Accrington, Lancashire, BB52
£55002/240.34 mi-2
£55012/240.39 miBlackburn Road,Accrington,BB52
£45012/240.41 mi-2
£59512/240.42 miOswald Street, Accrington2
£55001/240.43 mi-2
£52512/240.46 miEagle Street , Accrington, Lancashire, BB52
£60003/250.48 mi-2
£65002/250.48 mi-2
£65012/240.48 miOswald Street, Accrington, Lancashire, BB52
£60012/240.5 miWater Street, Accrington2
£65002/250.51 mi-2
£59512/240.51 mi-2
£67012/240.55 mi-2
£65012/240.61 miBold Street, Accrington, Lancashire, BB52
£52512/240.61 mi-2

Local Area Statistics

Population in BB5

61,415

Town centre distance

0.15 miles away

Nearest school

0.10 miles away

Nearest train station

0.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £75,000

January 22, 2025

Floor Plans

Description

  • GARDEN FRONTED TERRACED PROPERTY +
  • REQUIRES INTERNAL MODERNISATION +
  • TWO BEDROOMS & TWO RECEPTION ROOMS +
  • NO ONWARD CHAIN +
  • APPROX 916SQFT +
  • CLOSE TO LOCAL AMENITIES & NETWORK LINKS +
  • COUNCIL TAX BAND A +
  • EPC RATING TO BE CONFIRMED +
  • LEASEHOLD 999YRS +
  • SOUTH FACING REAR YARD +

An unmodernised two bedroom terraced property welcomed to the market with no onward chain. Situated on a quiet residential street with easy access to network links and amenities, the property is perfect for investment. (EPC-TBC)

A competitively priced two bedroom terraced property welcomed to the market with no onward chain. Requiring internal modernisation the property will appeal to investors and possibly ambitious first time buyers.

Situated close to Accrington town centre the property boasts easy access to amenities, extensive network links and well-regarded schools.

The ground floor has an entrance vestibule leading into the hall. The living room has fitted carpets, a gas fire and period crown mouldings. The dining room has fitted carpets, a central light fitting and under stair storage. There is a kitchen extension with pitched roof and access onto the rear yard via a wooden door.

The first floor has a spacious main bedroom with central light fitting and fitted carpets. Bedroom two is a single bedroom with carpets, light fitting and built in storage. The first floor is complete with a four piece family bathroom with built in storage.

Externally the property is garden fronted with a south facing, low maintenance rear yard.

All interested parties should contact Mortimers Estate Agents in Accrington.

All mains services are available.

Agent Details

Mortimers, Accrington

01254 961485

Next Steps?

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