2 Bed Terraced House, Refurb/BRRR, Bacup, OL13 0JH, £75,000

Unsworth Street, Stacksteads, Bacup, Rossendale, OL13 0JH - 1 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~68 m²
+11 photos

ValuationFair Value

Sold Prices£60K - £188K
Sold Prices/m²£684/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£76,500

 

 

End Value (After Refurb)

£92,953

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£28,709

Bridging Loan Interest

£1,969

Total Cash In

£56,128

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£92,953

Mortgage (After Refinance)

£69,715

Mortgage LTV

75%

Cash Released

£13,465

Cash Left In

£42,663

Equity

£23,238

Rent Range

£495 - £1,000

Rent Estimate

£684

Running Costs/mo

£447

Cashflow/mo

£237

Cashflow/yr

£2,841

ROI

5%

Gross Yield

11%

Local Sold Prices

50 sold prices from £60K to £188K, average is £92.2K. £684/m² to £4.3K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£75K02/230 mi62, Cutler Lane, Stacksteads, Bacup, Lancashire OL13 0HW2
£84K04/210.06 mi43, Unsworth Street, Stacksteads, Bacup, Lancashire OL13 0JH2
£126.5K06/220.08 mi77, Cutler Lane, Stacksteads, Bacup, Lancashire OL13 0HW2
£121K04/210.12 mi4, Prospect Terrace, Bacup, Lancashire OL13 0JA2
£120K08/230.17 mi8, Hardman Terrace, Bacup, Lancashire OL13 0HL2
£100K02/210.17 mi4, Brunswick Terrace, Bacup, Lancashire OL13 0HD2
£90K04/210.17 mi18, Brunswick Terrace, Bacup, Lancashire OL13 0HD2
£132K02/210.2 mi11, Springhill Avenue, Bacup, Lancashire OL13 0HQ2
£158.5K09/230.2 mi11, Springhill Avenue, Stacksteads, Bacup, Lancashire OL13 0HQ2
£67K08/210.28 mi15, David Street, Stacksteads, Bacup, Lancashire OL13 0TT2
£85K02/230.28 mi30, David Street, Stacksteads, Bacup, Lancashire OL13 0TT2
£95K06/230.28 mi3, David Street, Stacksteads, Bacup, Lancashire OL13 0TT2
£82.5K09/230.29 mi3, Old Kiln, Stacksteads, Bacup, Lancashire OL13 0EW2
£105K02/230.29 mi27, Herbert Street, Stacksteads, Bacup, Lancashire OL13 0TY2
£112K07/230.29 mi21, Herbert Street, Stacksteads, Bacup, Lancashire OL13 0TY2
£90K10/220.31 mi180, Newchurch Road, Bacup, Lancashire OL13 0EE2
£75K10/210.32 mi168, Newchurch Road, Bacup, Lancashire OL13 0EE2
£81K05/210.33 mi31, Lee Road, Bacup, Lancashire OL13 0EA2
£81K09/230.33 mi39, Lee Road, Stacksteads, Bacup, Lancashire OL13 0EA2
£147.5K11/220.33 mi37, Lee Road, Stacksteads, Bacup, Lancashire OL13 0EA2
£154.9K12/230.33 mi199, Newchurch Road, Bacup, Lancashire OL13 0UE2
£88K02/230.33 mi207, Newchurch Road, Bacup, Lancashire OL13 0UE2
£122K07/210.33 mi12, Miles Avenue, Bacup, Lancashire OL13 0UB2
£60K11/200.34 mi1, Commercial Street, Stacksteads, Bacup, Lancashire OL13 0UA2
£137.5K05/220.34 mi8, Lee Road, Stacksteads, Bacup, Lancashire OL13 0EA2
£82.5K04/210.37 mi14, Brearley Street, Bacup, Lancashire OL13 8LJ2
£110K04/210.37 mi25, Blackwood Court, Stacksteads, Bacup, Lancashire OL13 0BD2
£85K11/210.38 mi5, Brearley Street, Stacksteads, Bacup, Lancashire OL13 8LJ2
£108K12/200.38 mi10, Greenbank, Stacksteads, Bacup, Lancashire OL13 8LQ2
£83K03/210.41 mi31, Bankfield Street, Bacup, Lancashire OL13 8LW2
£67.5K03/240.41 mi6, South Villas, Bacup, Lancashire OL13 0RJ2
£82.5K11/200.43 mi29, Plantation Street, Bacup, Lancashire OL13 0QX2
£95K09/230.44 mi3, Dale Street, Stacksteads, Bacup, Lancashire OL13 0QZ2
£98K10/230.46 mi1, Clegg Street, Stacksteads, Bacup, Lancashire OL13 0RB2
£65K02/210.47 mi16, Church Street, Bacup, Lancashire OL13 0RW2
£70K02/210.47 mi18, Church Street, Bacup, Lancashire OL13 0RW2
£78K10/210.48 mi29, Primrose Street, Bacup, Lancashire OL13 0RR2
£80K09/210.48 mi13, Primrose Street, Bacup, Lancashire OL13 0RR2
£94.5K09/230.48 mi15, Primrose Street, Stacksteads, Bacup, Lancashire OL13 0RR2
£110K08/230.49 mi1, George Street, Stacksteads, Bacup, Lancashire OL13 0RF2
£110K01/230.5 mi1, Stansfield Street, Stacksteads, Bacup, Lancashire OL13 0RT2
£77.5K10/200.51 mi1, Stansfield Street, Bacup, Lancashire OL13 0RT2
£70K07/230.54 mi17, Primrose Bank, Stacksteads, Bacup, Lancashire OL13 0RX2
£85K06/230.54 mi18, Tunstead Road, Stacksteads, Bacup, Lancashire OL13 0RU2
£73K04/210.55 mi6, Atherton Street, Bacup, Lancashire OL13 0LJ2
£119.5K03/210.56 mi11, Tunstead Road, Stacksteads, Bacup, Lancashire OL13 0RU2
£96K01/240.58 mi22, Lord Avenue, Stacksteads, Bacup, Lancashire OL13 0RY2
£165K10/220.59 mi1, Rockcliffe Drive, Bacup, Lancashire OL13 8JQ2
£160K11/220.6 mi2, Western Court, Stacksteads, Bacup, Lancashire OL13 0SU2
£188K07/230.61 mi28, Western Court, Stacksteads, Bacup, Lancashire OL13 0SU2

Local Rents

26 rents from £495/mo to £1K/mo, average is £663/mo.

RentDateDistanceAddressBeds 
£49508/240.01 mi-2
£65001/250.01 mi-2
£75006/240.05 mi-2
£69502/250.05 mi-2
£1,00001/250.05 mi-2
£69503/250.05 mi-2
£75009/240.22 mi-2
£65002/240.28 mi-2
£69508/240.28 mi-2
£59512/240.3 mi-2
£69503/250.3 mi-2
£67503/250.3 mi-2
£65009/240.31 mi-2
£65011/240.31 mi-2
£59506/240.31 mi-2
£65006/240.31 mi-2
£65012/230.31 mi-2
£65006/240.32 miNewchurch Road, Stacksteads, Bacup2
£67501/240.34 mi-2
£69501/250.35 mi-2
£69511/240.37 mi-2
£65007/240.39 miHuttock End Lane, Bacup2
£75004/240.42 mi-2
£62502/240.47 mi-2
£85003/250.47 mi-2
£60007/240.47 miPrimrose Street, Bacup, Lancashire, OL132

Local Area Statistics

Population in OL13

15,293

Town centre distance

1.84 miles away

Nearest school

0.40 miles away

Nearest train station

4.61 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £75,000

March 5, 2025

Floor Plans

Description

  • Lovely open views to the front. +
  • 2 Bedroom back to back. +
  • Modern central heating. +
  • Double glazing & Door. +
  • No Onward chain. +
  • Cellar. +
  • In need of general updating. +
  • Freehold. +
  • Council Tax Band A. +
  • EPC TBC. +

Enjoying views over open countryside to the front and enjoying a great position on a tucked away road, early viewings are advised.

Warmed by gas central heating and double glazed its first-time buyer/ investor accommodation is as follows: Entrance vestibule, spacious 234 square foot lounge/dining room with front facing double glazed window taking in that amazing view, in fact all the windows enjoy the same view, compact kitchen with integrated oven, hob and extractor, stairs down to cellar room, second staircase up to the first floor.

The first-floor benefits from two bedrooms, master with robes, bedroom 2 with a modern central heating boiler, a 3-piece bathroom with panelled bath and shower over, wash hand basin with vanity unit and W/C complete the accommodation.

Externally the property apart from enjoying those views has parking available. No onward chain for those seeking an early completion.

Its worth pointing out that the property requires some general modernisation and updating and has been priced to reflect this

Agent Details

Ryder & Dutton, Rawtenstall & Rossendale

01706 335859

Next Steps?

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