2 Bed Flat, Single Let, Rossendale, BB4 7QY, £70,000
Bank Street, Rawtenstall, Lancashire, BB4 7QY - 3 views - 16 days ago
Leasehold
Auction
BTL
ROI: 12%
~68 m²





+6 photos
ValuationUndervalued
Sold Prices | £71K - £340K |
Sold Prices/m² | £826/m² - £25K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £1K/m² |
Value Estimate | £85,400 |
BMV | 22% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £17,500 |
Stamp Duty & Legal Fees | £4,700 |
Total Cash In | £22,200 |
| |
Cash Out | |
Rent Range | £695 - £1,200 |
Rent Estimate | £575 |
Running Costs/mo | £354 |
Cashflow/mo | £221 |
Cashflow/yr | £2,655 |
ROI | 12% |
Gross Yield | 10% |
Local Sold Prices
25 sold prices from £71K to £340K, average is £158.5K. £826/m² to £25K/m², average is £1.8K/m².
Local Rents
16 rents from £695/mo to £1.2K/mo, average is £888/mo.
Local Area Statistics
Population in BB4 | 41,137 |
Town centre distance | 1.32 miles away |
Nearest school | 0.20 miles away |
Nearest train station | 4.92 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | +16% |
Sales demand | Balanced market |
Capital growth (5yrs) | +26% |
Property History
Listed for £70,000
March 14, 2025
Description
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