2 Bed Terraced House, Refurb/BRRR, Rossendale, BB4 6NT, £120,000

Manchester Road, Haslingden, Rossendale, BB4 6NT - 3 views - 2 months ago

Refurb/BRRR
ROI: 5%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£56K - £218K
Sold Prices/m²£591/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.8K/m²

Value Estimate

£96,966

 

 

End Value (After Refurb)

£100,187

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,800

Refurb Costs

£28,876

Bridging Loan Interest

£3,150

Total Cash In

£68,576

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£100,187

Mortgage (After Refinance)

£75,140

Mortgage LTV

75%

Cash Left In

£68,576

Equity

£25,047

Rent Range

£595 - £995

Rent Estimate

£786

Running Costs/mo

£490

Cashflow/mo

£296

Cashflow/yr

£3,549

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £56K to £218K, average is £100.5K. £591/m² to £2.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£95K11/200.03 mi5, St Peters Avenue, Haslingden, Rossendale, Lancashire BB4 6NZ2
£90K02/210.05 mi107, Manchester Road, Haslingden, Rossendale, Lancashire BB4 6NT2
£130K09/210.05 mi11, Hazeldene Avenue, Haslingden, Rossendale, Lancashire BB4 6NU2
£56K07/230.09 mi8, Rifle Street, Haslingden, Rossendale, Lancashire BB4 6NR2
£110K11/210.1 mi164, Bury Road, Haslingden, Rossendale, Lancashire BB4 5PE2
£68.5K04/210.13 mi15, Store Street, Haslingden, Rossendale, Lancashire BB4 5TH2
£65K05/210.14 mi4, Store Street, Haslingden, Rossendale, Lancashire BB4 5TH2
£133K02/230.16 mi19, Grane Street, Haslingden, Rossendale, Lancashire BB4 5NB2
£72K02/210.18 mi17, Greenfield Street, Haslingden, Rossendale, Lancashire BB4 5TG2
£77K11/200.2 mi20, Park Street, Haslingden, Rossendale, Lancashire BB4 5TF2
£87.5K11/200.2 mi36, Park Street, Haslingden, Rossendale, Lancashire BB4 5TF2
£147.5K03/230.21 mi3, Pine Street, Haslingden, Rossendale, Lancashire BB4 5ND2
£130K01/230.22 mi1a, Poplar Street, Haslingden, Rossendale, Lancashire BB4 5LY2
£145K08/230.22 mi7, New Street, Haslingden, Rossendale, Lancashire BB4 5TA2
£92.3K10/210.23 mi33, Hillside Road, Haslingden, Rossendale, Lancashire BB4 5NW2
£110K12/220.24 mi5, Peel Street, Haslingden, Rossendale, Lancashire BB4 5DZ2
£107.5K07/230.24 mi34, Peel Street, Haslingden, Rossendale, Lancashire BB4 5DZ2
£165K03/210.25 mi97, Laneside Road, Haslingden, Rossendale, Lancashire BB4 6PG2
£116K11/210.26 mi58, Piccadilly Street, Haslingden, Rossendale, Lancashire BB4 5LU2
£94K07/210.26 mi36, Piccadilly Street, Haslingden, Rossendale, Lancashire BB4 5LU2
£94K07/210.26 mi36, Piccadilly Street, Haslingden, Rossendale, Lancashire BB4 5LU2
£72K10/210.26 mi17, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£85.5K04/210.26 mi33, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£63K06/230.26 mi15, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£94K03/230.26 mi7, Prospect Hill, Haslingden, Rossendale, Lancashire BB4 5EF2
£110K06/230.27 mi17, Deardengate Croft, Haslingden, Rossendale, Lancashire BB4 5SX2
£80K03/210.29 mi2, Rudd Street, Haslingden, Rossendale, Lancashire BB4 5DG2
£71K03/230.31 mi32, Townsend Street, Haslingden, Rossendale, Lancashire BB4 5DF2
£75K08/210.32 mi6, Walnut Avenue, Haslingden, Rossendale, Lancashire BB4 5NJ2
£210K04/210.32 mi1, Park Avenue, Haslingden, Rossendale, Lancashire BB4 6PP2
£156K08/210.33 mi14, Park Crescent, Haslingden, Rossendale, Lancashire BB4 6PS2
£152K07/230.34 mi26, Heys Street, Haslingden, Rossendale, Lancashire BB4 5DU2
£80K11/200.35 mi12, Heys Street, Haslingden, Rossendale, Lancashire BB4 5DU2
£165K05/230.36 mi3, Hillrise, Haslingden, Rossendale, Lancashire BB4 6PH2
£140K02/210.36 mi21, Hillrise, Haslingden, Rossendale, Lancashire BB4 6PH2
£110K09/210.37 mi29, South Shore Street, Haslingden, Rossendale, Lancashire BB4 5DX2
£92K07/230.37 mi350, Manchester Road, Haslingden, Rossendale, Lancashire BB4 6PU2
£105K03/230.38 mi20, Chapel Street, Haslingden, Rossendale, Lancashire BB4 5QR2
£93.7K06/210.38 mi4, Chapel Street, Haslingden, Rossendale, Lancashire BB4 5QR2
£102K01/210.38 mi12, South Street, Haslingden, Rossendale, Lancashire BB4 6PZ2
£218K02/210.38 mi3, Cambrian Way, Haslingden, Rossendale, Lancashire BB4 6TN2
£99K11/210.39 mi2, Elm Close, Haslingden, Rossendale, Lancashire BB4 5QS2
£141.5K07/230.4 mi339, Manchester Road, Haslingden, Rossendale, Lancashire BB4 6PT2
£65K02/210.4 mi53, Blackburn Road, Haslingden, Rossendale, Lancashire BB4 5QG2
£85K04/210.4 mi34, Hargreaves Street, Haslingden, Rossendale, Lancashire BB4 5RQ2
£72.5K02/230.43 mi16, Parkinson Street, Haslingden, Rossendale, Lancashire BB4 5BE2
£185K08/210.44 mi17, Fields Road, Haslingden, Rossendale, Lancashire BB4 6QA2
£147.5K02/210.46 mi5, Jubilee Road, Haslingden, Rossendale, Lancashire BB4 5EU2
£170K06/230.48 mi4, Myrtle Grove, Haslingden, Rossendale, Lancashire BB4 4DE2
£155K03/210.49 mi270, Helmshore Road, Haslingden, Rossendale, Lancashire BB4 4DJ2

Local Rents

12 rents from £595/mo to £995/mo, average is £730/mo.

RentDateDistanceAddressBeds 
£60009/230.15 mi-2
£65009/230.15 mi-2
£59510/230.15 mi-2
£79503/250.18 mi-2
£79512/240.24 miPine street, Haslingden, Rossendale BB4 5ND2
£60012/240.27 miProspect Hill, Haslingden, Rossendale2
£75003/250.27 mi-2
£99511/240.28 mi-2
£67512/240.31 miCharles Lane, Haslingden, Rossendale2
£80003/250.41 mi-2
£71011/230.42 mi-2
£77503/250.42 mi-2

Local Area Statistics

Population in BB4

41,137

Town centre distance

2.33 miles away

Nearest school

0.10 miles away

Nearest train station

4.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+16%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £120,000

February 7, 2025

Description

  • Immaculate Mid Terrace Property +
  • Two Generous Bedrooms +
  • Three Piece Bathroom +
  • Contemporary Fitted Kitchen +
  • Neutral Decoration Throughout +
  • Complete Blank Canvas +
  • Enclosed Yard to Rear +
  • Tenure Freehold +
  • Council Tax Band A +
  • EPC Rating D +

IMMACULATE MID TERRACE HOME

Situated on Manchester Road in the charming town of Haslingden, Rossendale, this mid-terrace property presents an exceptional opportunity for first-time buyers or those seeking a delightful new home. With immaculate presentation throughout, this residence boasts spacious interiors that create a welcoming atmosphere.

The property features two generously sized bedrooms, perfect for relaxation and rest. The well-appointed three-piece bathroom suite adds to the convenience of the home, ensuring that all essential amenities are readily available. The layout of the house provides a complete blank canvas, allowing you to infuse your personal style and make it truly your own.

The inviting reception room serves as a central hub for family gatherings or quiet evenings in, while the enclosed yard to the rear offers a private outdoor space, ideal for enjoying the fresh air or entertaining guests.

This home is ready to move straight into, making it an ideal choice for those looking to settle in without the hassle of extensive renovations. With its prime location and charming features, this property is not to be missed. Embrace the opportunity to create lasting memories in this lovely home on Manchester Road.

Ground Floor -

Reception Room - 4.27m x 4.27m - Composite front door, UPVC double glazed window, central heating radiator, spotlights, television point, meter cupboard wood effect laminate flooring, door to kitchen and stairs to first floor.

Kitchen - 4.24m x 2.46m - UPVC double glazed window, central heating radiator, range of wall and base units, laminate work surface, tiled splashback, integrated electric oven with four ring gas hob and extractor hood, stainless steel sink, drainer and mixer tap, wood effect laminate flooring, access to under stairs storage, cupboard housing boiler and door to rear.

First Floor -

Landing - Smoke detector, doors leading to two bedrooms and bathroom.

Bedroom One - 4.27m x 4.27m - UPVC double glazed window, two feature wall lights and central heating radiator.

Bedroom Two - 2.72m x 2.44m - UPVC double glazed window, central heating radiator and over stairs storage.

Bathroom - UPVC double glazed frosted window, panelled bath with direct feed shower over, vanity top wash basin with mixer tap, low basin WC, tiled elevations and wood effect flooring.

External -

Rear - Fully enclosed rear yard with rear access.

Front - Front forecourt.

Agent Details

Keenans Estate Agents, Rawtenstall

01706 335861

Next Steps?

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