3 Bed Semi-Detached House, Refurb/BRRR, Bacup, OL13 0SF, £185,000

Booth Road, Stacksteads, Rossendale, OL13 0SF - 3 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+25 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£135,843

 

 

End Value (After Refurb)

£176,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Refurb Costs

£39,200

Bridging Loan Interest

£4,856

Total Cash In

£98,806

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£176,250

Mortgage (After Refinance)

£132,188

Mortgage LTV

75%

Cash Left In

£98,806

Equity

£44,063

Rent Range

£650 - £995

Rent Estimate

£818

Running Costs/mo

£734

Cashflow/mo

£84

Cashflow/yr

£1,003

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £75K to £275K, average is £145.5K. £743/m² to £2.7K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£175K07/230.09 mi38, Heathbourne Road, Stacksteads, Bacup, Lancashire OL13 0SW3
£167K07/210.09 mi38, Heathbourne Road, Stacksteads, Bacup, Lancashire OL13 0SW3
£100K03/210.1 mi15, Heathfield Avenue, Stacksteads, Bacup, Lancashire OL13 0SQ3
£150K08/230.14 mi333, Newchurch Road, Bacup, Lancashire OL13 0LD3
£123K05/230.14 mi33, Tunstead Road, Stacksteads, Bacup, Lancashire OL13 0RU3
£157.5K08/210.14 mi8, Crowtree Avenue, Stacksteads, Bacup, Lancashire OL13 0LP3
£140K11/200.14 mi4, Crowtree Avenue, Stacksteads, Bacup, Lancashire OL13 0LP3
£275K05/210.15 miSunny Bank House, Trinity Street, Stacksteads, Bacup, Lancashire OL13 0RN3
£180K08/230.16 mi81, Booth Road, Stacksteads, Bacup, Lancashire OL13 0TA3
£110K01/210.16 mi79, Booth Road, Bacup, Lancashire OL13 0TA3
£110K04/210.17 mi18, Plantation Street, Bacup, Lancashire OL13 0QX3
£82K10/230.18 mi24, Union Street, Stacksteads, Bacup, Lancashire OL13 0RQ3
£135K09/230.22 mi10, Tunstead Mill Terrace, Bacup, Lancashire OL13 0ND3
£112.5K11/200.22 mi15, Blackwood Court, Stacksteads, Bacup, Lancashire OL13 0BD3
£93.5K05/210.26 mi367, Newchurch Road, Bacup, Lancashire OL13 0NB3
£125K06/230.26 mi522, Newchurch Road, Bacup, Lancashire OL13 0NB3
£150K07/230.26 mi367, Newchurch Road, Bacup, Lancashire OL13 0NB3
£172.5K01/210.28 mi164, Booth Road, Stacksteads, Bacup, Lancashire OL13 0TF3
£226K02/210.28 mi124, Booth Road, Stacksteads, Bacup, Lancashire OL13 0TF3
£132K05/210.29 mi6, Commercial Street, Bacup, Lancashire OL13 0UA3
£180K11/220.31 mi2, Mitchell Field Nook, Bacup, Lancashire OL13 8NJ3
£200K05/230.31 mi4, Mitchell Field Nook, Bacup, Lancashire OL13 8NJ3
£152K05/220.33 mi520, Newchurch Road, Bacup, Lancashire OL13 0NB3
£128K03/210.35 mi193, Newchurch Road, Bacup, Lancashire OL13 0UE3
£75K06/210.39 mi32, Branch Street, Stacksteads, Bacup, Lancashire OL13 0TX3
£115K12/230.39 mi13, Branch Street, Stacksteads, Bacup, Lancashire OL13 0TX3
£168K06/230.39 mi22, Osborne Terrace, Stacksteads, Bacup, Lancashire OL13 8JZ3
£114.5K04/210.4 mi13, Hindle Street, Stacksteads, Bacup, Lancashire OL13 8LL3
£217.5K12/200.41 mi2, Brandwood Park, Bacup, Lancashire OL13 0PA3
£75K12/210.41 mi21, Acre Mill Road, Bacup, Lancashire OL13 0HF3
£118.5K09/210.43 mi4, Hill Crest, Bacup, Lancashire OL13 8LA3
£82K06/230.43 mi6, Farholme Lane, Stacksteads, Bacup, Lancashire OL13 0EU3
£150K10/220.46 mi167, Newchurch Road, Bacup, Lancashire OL13 0TS3
£87K05/210.48 mi14, Holme Street, Stacksteads, Bacup, Lancashire OL13 0ET3
£87.5K04/230.48 mi17, Holme Street, Stacksteads, Bacup, Lancashire OL13 0ET3
£270K10/220.48 miBrookside Bungalow, Greens Lane, Stacksteads, Bacup, Lancashire OL13 0JJ3
£100K11/200.53 mi85, Cutler Lane, Bacup, Lancashire OL13 0HW3
£190K12/230.53 mi59, Cutler Lane, Stacksteads, Bacup, Lancashire OL13 0HW3
£180K05/220.55 mi28, Fernhill Drive, Stacksteads, Bacup, Lancashire OL13 8JS3
£190K11/230.56 mi2, Fernville Terrace, Bacup, Lancashire OL13 0EH3
£245K11/220.56 mi12, Fernville Terrace, Bacup, Lancashire OL13 0EH3
£138.4K07/210.56 mi26, Fernhill Drive, Bacup, Lancashire OL13 8JS3
£185K11/210.56 mi36, Fernhill Drive, Stacksteads, Bacup, Lancashire OL13 8JS3
£83K11/200.59 mi145a, Newchurch Road, Bacup, Lancashire OL13 0EE3
£149.9K02/240.6 mi854, Glen Top, Bacup, Lancashire OL13 0NW3
£141K06/210.61 mi3, Hey Head Avenue, Rossendale, Lancashire BB4 9BS3
£218K12/200.67 mi6, Fernhill Close, Bacup, Lancashire OL13 8JT3
£130K01/240.67 mi16, Fernhill Crescent, Stacksteads, Bacup, Lancashire OL13 8JU3
£225K10/220.68 mi1, Sunnindale Avenue, Waterfoot, Rossendale, Lancashire BB4 9UF3
£158.9K03/230.69 mi4, Back Rushton Street, Stacksteads, Bacup, Lancashire OL13 0DN3

Local Rents

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

RentDateDistanceAddressBeds 
£95002/250.06 mi-3
£80006/240.12 mi-3
£99503/250.13 mi-3
£79503/240.14 mi-3
£79502/250.14 mi-3
£92504/250.23 mi-3
£95006/240.3 miNewchurch Road, Stacksteads, Bacup3
£75002/240.35 mi-3
£65006/240.42 miAcre Mill Road, Bacup3
£82512/240.43 mi-3
£77506/240.43 miFarholme Lane, Stacksteads3
£89504/250.44 mi-3
£77506/240.46 miNewchurch Road, Bacup, OL133
£77507/240.46 miNewchurch Road, Bacup, OL133
£90007/240.49 mi-3
£90007/240.49 miHammond Avenue, Bacup, OL133

Local Area Statistics

Population in OL13

15,293

Town centre distance

1.84 miles away

Nearest school

0.20 miles away

Nearest train station

6.25 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £185,000

January 23, 2025

Floor Plans

Description

  • STONE BUILT 3 BEDROOM END QUASI SEMI +
  • FRONT AND REAR GARDENS +
  • DETATCHED GARAGE & DRIVEWAY TO THE REAR +
  • FREEHOLD / COUNCIL TAX BAND B +
  • CLOSE TO EXCELLENT LOCAL SCHOOLS AND AMENITIES +
  • COUNTRYSIDE WALKS ON YOUR DOORSTEP +
  • NO CHAIN DELAY - VACANT POSSESSION +
  • MODERNISATION REQUIRED +

STONE BUILT SPACIOUS 3 BEDROOM END QUASI SEMI DETACHED HOUSE LOCATED IN STACKSTEADS ROSSENDALE.

Close to excellent local schools and amenities, freehold tenure, and council tax band B.

An ideal family home, but the property does require some modernisation. The property is spacious and could be a fantastic home, there's lots of outdoor space, and you can drive to the back of this property and park on your own drive.

LOTS OF POTENTIAL WITH THIS HOME. DON'T MISS OUT - CONTACT OUR RAWTENSTALL OFFICE TODAY!

LOUNGE - 4.6m x 4.0m
Really good-sized lounge with feature gas fire, large window which looks out to the rear of the property.

KITCHEN - 4.2m x 2.59m
Modern kitchen with built-in: single oven, fridge / freezer and 4 ring gas hob.

UNDER STAIR STORAGE
Useful under stairs' storage area that houses the gas and electric metres.

DINING ROOM - 2.59m x 1.8m
Open-plan kitchen / dining area, window with views to the rear, modern Worcester Bosch combi boiler housed on the wall, and you have access to the side of the property.

FIRST FLOOR

MASTER BEDROOM - 4.27m x 3.68m
Good-sized double room with built-in wardrobes and dressing table.

BEDROOM 2 - 4.27m x 2.62m
Double bedroom with built-in storage.

BEDROOM 3 - 2.3m x 2.1m
Single room with built-in storage.

SHOWER ROOM - 1.7m x 1.7m
Matching 3 piece bathroom suite with corner shower.

EXTERNALLY
Front and rear garden, Rear driveway, detached rear garage. Outside tap and bin storage to the side of the property. You can access this property from the rear.

TENURE
Freehold

COUNCIL TAX
Band B - Rossendale Council

PLEASE NOTE
All measurements are approximate to the nearest 0.1m and for guidance only and they should not be relied upon for the fitting of carpets or the placement of furniture. No checks have been made on any fixtures and fittings or services where connected (water, electricity, gas, drainage, heating appliances or any other electrical or mechanical equipment in this property.

Agent Details

Coppenwall, Rossendale

01706 335888

Next Steps?

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