3 Bed Terraced House, Refurb/BRRR, Lancaster, LA2 7ED, £250,000

Burton Road, Bentham, LA2 7ED - 2 views - a month ago

Refurb/BRRR
~93 m²
+7 photos

ValuationOvervalued

Sold Prices£130K - £415K
Sold Prices/m²£915/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£186,415

 

 

End Value (After Refurb)

£244,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Refurb Costs

£37,558

Bridging Loan Interest

£6,563

Total Cash In

£122,071

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£244,000

Mortgage (After Refinance)

£183,000

Mortgage LTV

75%

Cash Left In

£122,071

Equity

£61,000

Rent Range

£515 - £1,650

Rent Estimate

£916

Running Costs/mo

£966

Cashflow/mo

£-50

Cashflow/yr

£-596

Gross Yield

4%

Local Sold Prices

45 sold prices from £130K to £415K, average is £217.5K. £915/m² to £3.4K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£190K05/210.09 mi3, Collingwood Drive, Lower Bentham, Lancaster, North Yorkshire LA2 7GH3
£225K06/210.1 mi9, Main Street, Lower Bentham, Lancaster, North Yorkshire LA2 7BX3
£130K11/230.1 mi7, Main Street, Lower Bentham, Lancaster, North Yorkshire LA2 7BX3
£288.5K12/200.11 mi12, Greenfoot Lane, Lower Bentham, Lancaster, North Yorkshire LA2 7HB3
£260K05/210.11 mi10, Greenfoot Lane, Lower Bentham, Lancaster, North Yorkshire LA2 7HB3
£240K04/230.11 mi5, Harley Close, Lower Bentham, Lancaster, North Yorkshire LA2 7HD3
£260K12/220.12 mi4, Harley Close, Lower Bentham, Lancaster, North Yorkshire LA2 7HD3
£279.5K12/230.12 miGreenfoot Barn, Greenfoot Lane, Lower Bentham, Lancaster, North Yorkshire LA2 7EQ3
£207K12/200.16 mi1, The Sidings, Lower Bentham, Lancaster, North Yorkshire LA2 7BH3
£258.9K08/210.17 mi22, Millers Ford, Lower Bentham, Lancaster, North Yorkshire LA2 7BF3
£240K07/210.17 mi18, Millers Ford, Lower Bentham, Lancaster, North Yorkshire LA2 7BF3
£257.5K04/210.71 mi2, Moons Acre, Bentham, Lancaster, North Yorkshire LA2 7BL3
£210K12/221.01 mi17, Goodenber Road, Bentham, Lancaster, North Yorkshire LA2 7JD3
£180K02/211.01 mi30, Goodenber Road, Bentham, Lancaster, North Yorkshire LA2 7JD3
£177K10/201.01 mi53, Goodenber Road, Bentham, Lancaster, North Yorkshire LA2 7JE3
£158K01/211.01 mi62, Goodenber Road, Bentham, Lancaster, North Yorkshire LA2 7JE3
£180.5K08/211.02 mi12, Wenning Avenue, Bentham, Lancaster, North Yorkshire LA2 7LR3
£175K07/211.02 mi8, Wenning Avenue, Bentham, Lancaster, North Yorkshire LA2 7LR3
£180K11/201.07 mi25, Main Street, Bentham, Lancaster, North Yorkshire LA2 7HQ3
£165K09/211.07 mi5, Banks Rise, Bentham, Lancaster, North Yorkshire LA2 7JW3
£225K10/231.07 mi13, Banks Rise, Bentham, Lancaster, North Yorkshire LA2 7JW3
£174K02/231.08 mi38, Banks Way, Bentham, Lancaster, North Yorkshire LA2 7JH3
£172.5K08/231.1 mi17, Millholme Drive, Bentham, Lancaster, North Yorkshire LA2 7NE3
£147K03/211.11 mi25, Lakeber Avenue, Bentham, Lancaster, North Yorkshire LA2 7JN3
£165K09/211.12 mi28, Station Road, Bentham, Lancaster, North Yorkshire LA2 7LF3
£230K02/211.14 mi15, Holme Park, Bentham, Lancaster, North Yorkshire LA2 7ND3
£415K05/231.21 mi58, Robin Lane, Bentham, Lancaster, North Yorkshire LA2 7AG3
£220K10/201.21 mi14, Butterbergh, Bentham, Lancaster, North Yorkshire LA2 7FG3
£287K01/211.22 mi1, Links Drive, Bentham, Lancaster, North Yorkshire LA2 7BJ3
£205K03/211.22 mi5, Highcroft, Bentham, Lancaster, North Yorkshire LA2 7FE3
£160K07/211.23 mi11, Mount Pleasant, Bentham, Lancaster, North Yorkshire LA2 7JY3
£180K01/211.25 mi40, Beechmount Cottages, Mount Pleasant, Bentham, Lancaster, North Yorkshire LA2 7LA3
£290K12/221.25 mi54, Mount Pleasant, High Bentham, Lancaster, North Yorkshire LA2 7LA3
£266.3K09/231.27 mi9, Low Croft, Bentham, Lancaster, North Yorkshire LA2 7FD3
£180K10/231.27 mi6, Low Croft, Bentham, Lancaster, North Yorkshire LA2 7FD3
£217.5K05/211.27 mi8, Low Croft, Bentham, Lancaster, North Yorkshire LA2 7FD3
£235K02/231.27 mi11a, Low Croft, High Bentham, Lancaster, North Yorkshire LA2 7FD3
£215K12/231.29 mi1, Lairgill, Bentham, Lancaster, North Yorkshire LA2 7JZ3
£230K03/211.39 mi23, Springfield, Bentham, Lancaster, North Yorkshire LA2 7BA3
£325K03/211.44 mi26, Pye Busk Close, Bentham, Lancaster, North Yorkshire LA2 7BG3
£185K10/201.44 mi10, Pye Busk Close, Bentham, Lancaster, North Yorkshire LA2 7BG3
£215K11/231.47 mi15, Springfield Crescent, Bentham, Lancaster, North Yorkshire LA2 7BD3
£319K11/201.55 miLowood, 4, Greta Heath, Burton In Lonsdale, Carnforth, North Yorkshire LA6 3LH3
£268.5K02/231.64 mi13, Low Street, Burton In Lonsdale, Carnforth, North Yorkshire LA6 3LF3
£372K01/231.69 mi5, Duke Street, Burton In Lonsdale, Carnforth, North Yorkshire LA6 3LG3

Local Rents

7 rents from £515/mo to £1.6K/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£62505/241.07 miMill Gardens, Bentham2
£65004/241.08 miMain Street, Bentham, Lancaster3
£51503/241.11 miThe Millers Court,Bentham,LA21
£77504/241.11 mi12b Station Road, Bentham2
£1,30012/241.62 mi-4
£1,65012/241.81 miTatterthorn Road, Bentham, Lancaster5
£90005/242.2 miFourstones Cottage, Bentham, LA2 7DL3

Local Area Statistics

Population in LA2

21,979

Population in Lancaster

74,075

Town centre distance

12.32 miles away

Nearest school

0.10 miles away

Nearest train station

1.14 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+7%

Sales demand

Buyer's market

Capital growth (5yrs)

+18%

Property History

Listed for £250,000

March 3, 2025

Floor Plans

Description

  • 3 bedroom stone-built character cottage +
  • In need of complete renovation, with huge potential +
  • All services connected +
  • Walled fore garden & enclosed rear garden +
  • Unrestricted street parking +
  • Rare opportunity to renovate and put your own stamp on it +
  • Low Bentham is a popular rural village set amid open countryside +

Attention builders, developers or competent handyman.

Three bedroomed stone-built character cottage in need of complete renovation, with huge potential. Ideal property for a family home, second home, investment.

Located in the centre of a popular village with walled fore garden, enclosed rear garden, with all services connected. Unrestricted street parking.

Rare opportunity to renovate and put your own stamp on it.

Low Bentham is a popular rural village set amid open countryside on the edge of the Forest of Bowland Area of Outstanding Natural Beauty.

High Bentham is a short distance away with all local amenities, independent shops, café's, church, doctors' surgery, and railway station with links to Lancaster and Leeds, Skipton.

Well worthy of inspection to appreciate the size, position and potential.

ACCOMMODATION COMPRISES:

Ground Floor:
Entrance Hall, Wet Room, Utility Room, Lounge, Kitchen, Rear Hallway.

First Floor:
Landing, 3 Bedrooms, Bathroom, Eaves Storage.

Outside
Walled Fore Garden, Enclosed Rear Garden.

ACCOMMODATION:

GROUND FLOOR:

Entrance Hall:
9'4" x 3'8" (2.84 x 1.11)
Half glazed external entrance door, single glazed window, L-Shaped, tiled fireplace, and radiator.

WC/Wet Room:
6'0" x 6'1" (1.82 x 1.85)
With WC, wash hand basin, electric shower over wet floor drain.

Inner Lobby:
11'8" x 13'3" (3.55 x 4.03)
Access to lounge, utility room, back hallway.

Utility Room:
Plumbing for washing machine.

Lounge:
17'9" x 11'5" (5.41 x 3.48)
Half glazed upvc external entrance door, single glazed window, upvc double glazed window, boarded walls, tiled fireplace with open fire grate, encased beam, doored shelved alcove, coved ceiling.

Kitchen:
12'5" x 11'8" (3.78 x 3.55)
Range of old-style base units with worksurfaces, stainless steel sink with mixer taps, water heater, half glazed side external entrance door, old range cooker (not working) wall cupboards, radiator, gas boiler (Not Working).

Rear Hallway:
9'0" x 5'8" (2.74 x 1.72)
Doored staircase to the first floor, two upvc double glazed windows, and radiator.

FIRST FLOOR:

Landing:
Access to 3 bedrooms and bathroom, eaves storage.

Bedroom 1:
15'3" x 11'3" (4.64 x 3.42)
Large double bedroom, built in wardrobes, single glazed window, radiator, cylinder cupboard with immersion heater.

Bedroom 2:
12'2" x 9'9" (3.40 x 2.97)
Double bedroom, with single glazed window.

Bedroom 3:
5'10" x 8'3" (1.77 x 2.51)
Single bedroom, upvc double glazed gable window.

Eaves Storage/Bathroom:
11'6" x 6'0" (3.50 x 1.82)
Three-piece bathroom suite comprising cast iron bath, pedestal wash hand basin, WC, upvc double glazed window.

OUTSIDE:
Pleasant walled fore garden with flower beds, enclosed rear garden.

AGE:
Approximately 1800.

Directions:
Leave the Bentham office to Low Bentham, turn right adjacent to the Sun Dial Inn, go approximately 400 yards and Bank House is located on the left-hand side. A For Sale board is erected.

Tenure:
Freehold with vacant possession on completion.

Services:
Mains electric, gas, water and drainage are connected.

Viewing:
Strictly by prior arrangement with and accompanied by a member of the selling agents, Neil Wright Associates Ltd.

Purchase Procedure:
If you would like to make an offer on this property, then please make an appointment with Neil Wright Associates so that a formal offer can be submitted to the Vendors.
Marketing:
Should you be interested in this property but have a house to sell, then we would be pleased to come and give you a free market valuation.

N.B. YOUR HOME MAY BE AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE OR ANY OTHER LOAN SECURED AGAINST IT.

N.B. No electrical/gas appliances have been checked to ensure that they are in working order. The would-be purchasers are to satisfy themselves.

N.B. Money Laundering, prospective buyers should be aware that in the event that they make an offer for the property, they will be required to provide the agent with documents in relation to the Money Laundering Regulations; one being photographic ID, i.e., driving licence or passport and the other being a utility bill showing the address. These can be provided in the following ways: by calling into the office with copies or by way of a certified copy provided via their solicitor. In addition, prospective buyers will be required to provide information regarding the source of funding as part of the offer procedure.

Local Authority:
North Yorkshire Council
1 Belle Vue Square
Broughton Road
SKIPTON
North Yorkshire
BD23 1FJ

Council Tax Band 'B'

Agent Details

Neil Wright Associates, High Bentham

01524 967289

Next Steps?

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