2 Bed Terraced House, Refurb/BRRR, Accrington, BB5 4BW, £99,950

Westwood Street, Accrington, BB5 4BW - 1 views - 8 days ago

Leasehold
Refurb/BRRR
ROI: 4%
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£40.2K - £173K
Sold Prices/m²£572/m² - £2.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.5K/m²

Value Estimate

£74,702

 

 

End Value (After Refurb)

£81,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,988

Stamp Duty & Legal Fees

£6,198

Refurb Costs

£28,876

Bridging Loan Interest

£2,624

Total Cash In

£64,435

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£81,500

Mortgage (After Refinance)

£61,125

Mortgage LTV

75%

Cash Left In

£64,435

Equity

£20,375

Rent Range

£450 - £850

Rent Estimate

£600

Running Costs/mo

£395

Cashflow/mo

£205

Cashflow/yr

£2,464

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £40.2K to £173K, average is £97.9K. £572/m² to £2.9K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£84K11/210.02 mi10, Westwood Street, Accrington, Lancashire BB5 4BW2
£91.5K11/200.04 mi5, Pansy Street South, Accrington, Lancashire BB5 4BS2
£93K10/210.09 mi99, Westwood Street, Accrington, Lancashire BB5 4BL2
£80K11/200.09 mi89, Westwood Street, Accrington, Lancashire BB5 4BL2
£74K03/210.1 mi132, Whalley Road, Accrington, Lancashire BB5 1BS2
£60K02/210.11 mi18, Malt Street, Accrington, Lancashire BB5 1DR2
£105K05/210.11 mi68, Pansy Street North, Accrington, Lancashire BB5 4BJ2
£85K02/230.14 mi11, Ramsbottom Street, Accrington, Lancashire BB5 1BZ2
£135K07/210.17 mi2, Radnor Street, Accrington, Lancashire BB5 5AL2
£90K05/210.18 mi36, Haywood Road, Accrington, Lancashire BB5 6AT2
£100K03/230.19 mi10, Haywood Road, Accrington, Lancashire BB5 6AT2
£93K04/210.2 mi6, Whitaker Street, Accrington, Lancashire BB5 5AJ2
£43K05/210.22 mi31, Derby Street, Accrington, Lancashire BB5 1BP2
£46K10/210.24 mi10, Hood Street, Accrington, Lancashire BB5 1BW2
£56K06/230.24 mi31, Hood Street, Accrington, Lancashire BB5 1BW2
£104K09/210.27 mi23, Nutter Road, Accrington, Lancashire BB5 6BB2
£115K05/230.27 mi14, Nutter Road, Accrington, Lancashire BB5 6BB2
£137K02/230.27 mi216, Whalley Road, Accrington, Lancashire BB5 5AA2
£149.9K09/210.28 mi132, Haywood Road, Accrington, Lancashire BB5 5AW2
£115K04/230.28 mi80, Haywood Road, Accrington, Lancashire BB5 5AW2
£85.3K07/210.28 mi128, Haywood Road, Accrington, Lancashire BB5 5AW2
£127.5K11/210.3 mi37, Lime Road, Accrington, Lancashire BB5 6BJ2
£105K12/210.3 mi122, Lime Road, Accrington, Lancashire BB5 6BJ2
£107K04/210.3 mi116, Lime Road, Accrington, Lancashire BB5 6BJ2
£96K12/200.31 mi34, Hawksworth Road, Accrington, Lancashire BB5 5AR2
£143K05/210.33 mi5, Winchester Avenue, Accrington, Lancashire BB5 6BP2
£158K03/230.34 mi1, Winchester Avenue, Accrington, Lancashire BB5 6BP2
£120K02/210.34 mi7, Mather Avenue, Accrington, Lancashire BB5 5AU2
£103.5K12/200.34 mi13, Mather Avenue, Accrington, Lancashire BB5 5AU2
£150K05/230.34 mi4, Mather Avenue, Accrington, Lancashire BB5 5AU2
£130K05/210.36 mi24, Cheltenham Avenue, Accrington, Lancashire BB5 6BG2
£150K10/210.36 mi20, Clifton Avenue, Accrington, Lancashire BB5 6BE2
£158K03/210.36 mi41, Clifton Avenue, Accrington, Lancashire BB5 6BE2
£110K05/210.36 mi42, Annie Street, Accrington, Lancashire BB5 6AQ2
£142K05/210.37 mi4, Eton Avenue, Accrington, Lancashire BB5 6BH2
£40.2K02/230.38 mi8, Scaitcliffe Street, Accrington, Lancashire BB5 0RF2
£100K02/230.38 mi44, Lister Street, Accrington, Lancashire BB5 1TA2
£75K03/230.39 mi24, Water Street, Accrington, Lancashire BB5 6PX2
£54.5K02/210.41 mi145, Haywood Road, Accrington, Lancashire BB5 5BP2
£100.1K10/210.42 mi163, Burnley Road, Accrington, Lancashire BB5 6DH2
£99.8K10/210.42 mi30, West Crescent, Accrington, Lancashire BB5 5BU2
£90K03/230.42 mi195, Burnley Road, Accrington, Lancashire BB5 6DH2
£82K04/230.42 mi53, Manor Street, Accrington, Lancashire BB5 6EE2
£69K12/200.44 mi102, Burnley Road, Accrington, Lancashire BB5 6DW2
£75K08/230.44 mi8, Lincoln Court, Church, Accrington, Lancashire BB5 4RU2
£173K01/230.44 mi11, Livingstone Road, Accrington, Lancashire BB5 5BX2
£70K12/210.45 mi52, Park Road, Accrington, Lancashire BB5 1ST2
£92.5K09/210.46 mi7, Ribbleton Drive, Accrington, Lancashire BB5 5BJ2
£61K02/230.47 mi72, Water Street, Accrington, Lancashire BB5 6QZ2
£92K03/230.48 mi96, Manor Street, Accrington, Lancashire BB5 6EA2

Local Rents

19 rents from £450/mo to £850/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£52012/240.23 mi-2
£52512/240.23 mi-2
£85002/250.28 mi-2
£52512/240.31 miEagle Street , Accrington, Lancashire, BB52
£79503/250.31 mi-2
£45012/240.35 mi-2
£55012/240.36 miBlackburn Road,Accrington,BB52
£60012/240.42 miWater Street, Accrington2
£59512/240.44 mi-2
£49512/240.48 mi3a Cross StreetAccringtonLancashire2
£65012/240.49 miManor Street, Accrington, Lancashire, BB52
£65002/250.5 mi-2
£60003/250.51 mi-2
£65002/250.53 mi-2
£55012/240.54 miLee Street, Accrington, Lancashire, BB52
£65003/250.54 mi-2
£59512/240.54 miOswald Street, Accrington2
£65012/240.59 miOswald Street, Accrington, Lancashire, BB52
£50002/250.62 mi-2

Local Area Statistics

Population in BB5

61,415

Town centre distance

0.71 miles away

Nearest school

0.30 miles away

Nearest train station

0.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+21%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £99,950

March 13, 2025

Floor Plans

Description

  • Garden fronted +
  • Deceptively spacious +
  • End of terrace +
  • Open living / dining space +
  • Fantastic potential +
  • Ideal first time buy or investment +

Presented to the market is this deceptively spacious, garden fronted, end of terrace home located close to Accrington town centre. Internally, the home offers a wealth of space that could potentially be reconfigured to add addition bedrooms, subject to relevant permissions. The current layout accommodates an open-plan living room with adjoining dining area, spacious kitchen with traditional style units and access to an enclosed rear yard. Upstairs, there is two large double bedrooms and a functional family bathroom with separate W/C. Although requiring some modernisation works, the property offers a fantastic opportunity for someone looking to personalise a home or invest locally.

EPC Rating: F

Agent Details

Duckworths Estate Agents, Accrington

01254 961475

Next Steps?

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