3 Bed Terraced House, Refurb/BRRR, Bacup, OL13 9LS, £160,000

Ashworth Street, Bacup, Rossendale, OL13 9LS - 2 views - 19 days ago

Leasehold
Refurb/BRRR
ROI: 1%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£75K - £270K
Sold Prices/m²£711/m² - £2.7K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£139,993

 

 

End Value (After Refurb)

£168,633

Uplift in Value

+5%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Refurb Costs

£39,200

Bridging Loan Interest

£4,200

Total Cash In

£94,350

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£168,633

Mortgage (After Refinance)

£126,474

Mortgage LTV

75%

Cash Released

£6,474

Cash Left In

£87,876

Equity

£42,158

Rent Range

£575 - £950

Rent Estimate

£773

Running Costs/mo

£702

Cashflow/mo

£71

Cashflow/yr

£857

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £75K to £270K, average is £130.8K. £711/m² to £2.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£120K06/220.07 mi70, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£150.5K11/220.09 mi1, Thorn Gardens, Bacup, Lancashire OL13 9LE3
£92K10/200.09 mi46, Tong Lane, Bacup, Lancashire OL13 9LH3
£132.5K01/230.09 mi64, Tong Lane, Bacup, Lancashire OL13 9LH3
£109K01/210.15 mi32, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£135K03/230.15 mi6, Rosendale Crescent, Bacup, Lancashire OL13 9LN3
£129K11/230.17 mi9, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£135K03/240.17 mi11, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£135K02/240.17 mi7, Greave Clough Close, Bacup, Lancashire OL13 9HS3
£167K01/230.18 mi20, Pendle Close, Bacup, Lancashire OL13 9JT3
£130K01/210.19 mi4, Beech Close, Bacup, Lancashire OL13 9DS3
£100K06/220.2 mi6, Britannia Avenue, Bacup, Lancashire OL13 9JS3
£97K12/210.2 mi14, Clover Street, Bacup, Lancashire OL13 9DE3
£110K02/210.2 mi6, Clover Street, Bacup, Lancashire OL13 9DE3
£77.5K12/200.2 mi2, Crimea Street, Bacup, Lancashire OL13 9JF3
£240K07/220.2 mi10, Greensnook Lane, Bacup, Lancashire OL13 9DQ3
£106K12/200.2 mi1, Greave Clough Drive, Bacup, Lancashire OL13 9HP3
£182.5K03/210.22 mi5, Greave Terrace, Bacup, Lancashire OL13 9HL3
£77.5K08/210.22 mi13, Thorn Street, Bacup, Lancashire OL13 9JG3
£100K11/210.22 mi7, Walnut Street, Bacup, Lancashire OL13 9DD3
£107.3K10/230.22 mi3, Walnut Street, Bacup, Lancashire OL13 9DD3
£135K10/230.22 mi16, Walnut Street, Bacup, Lancashire OL13 9DD3
£118K06/230.24 mi25, Greensnook Lane, Bacup, Lancashire OL13 9DF3
£121K12/230.24 mi15, Greensnook Lane, Bacup, Lancashire OL13 9DF3
£131K09/230.25 mi7, Croft Street, Bacup, Lancashire OL13 9DB3
£170K02/230.26 mi27, Moorside Crescent, Bacup, Lancashire OL13 9HY3
£110K12/230.28 mi4, Stanley Mount, Bacup, Lancashire OL13 9DA3
£201K05/230.3 mi18, Oakenclough Road, Bacup, Lancashire OL13 9ET3
£175K01/210.3 mi18, Oakenclough Road, Bacup, Lancashire OL13 9ET3
£170K05/220.31 mi14, Pendle Avenue, Bacup, Lancashire OL13 9DW3
£225K11/200.31 mi21, Windermere Road, Bacup, Lancashire OL13 9DN3
£270K06/210.31 mi1, Coal Pit Lane, Bacup, Lancashire OL13 9HA3
£157K11/200.32 mi1, Waterside Terrace, Bacup, Lancashire OL13 9BX3
£195K07/220.33 mi5, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£195K10/230.34 mi12, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£86.5K08/210.36 mi74, Rochdale Road, Bacup, Lancashire OL13 9NR3
£202K09/210.37 mi2, Hawfinch Close, Bacup, Lancashire OL13 9PT3
£187.5K06/220.38 mi8, Goldcrest Avenue, Bacup, Lancashire OL13 9PA3
£100K10/220.39 mi13, Blackthorn Lane, Bacup, Lancashire OL13 8EB3
£83K06/210.39 mi9, Mowgrain View, Bacup, Lancashire OL13 8EJ3
£175K03/210.42 mi67, Fieldfare Way, Bacup, Lancashire OL13 9PP3
£117.5K10/210.43 mi15, Ash Street, Bacup, Lancashire OL13 8AJ3
£116K03/230.44 mi2, Albert Terrace, Bacup, Lancashire OL13 8BJ3
£130.5K04/210.47 mi31, Gordon Street, Bacup, Lancashire OL13 8DH3
£105K04/210.48 mi11, Gordon Street, Bacup, Lancashire OL13 8DH3
£115K07/210.51 mi177, Pennine Road, Bacup, Lancashire OL13 9PZ3
£180K03/210.53 mi6, Foxdale Close, Bacup, Lancashire OL13 9PN3
£150K10/210.54 mi23, Peel Drive, Bacup, Lancashire OL13 9PU3
£160K05/210.54 mi8, Green Hill, Bacup, Lancashire OL13 9NY3
£75K01/210.55 mi19, Verax Street, Bacup, Lancashire OL13 9QT3

Local Rents

23 rents from £575/mo to £950/mo, average is £775/mo.

RentDateDistanceAddressBeds 
£95002/240.05 mi-3
£95010/240.05 mi-3
£77508/240.15 miChrist Church Street, Bacup, OL133
£85012/240.17 mi-3
£85001/240.18 mi-3
£70003/250.18 mi-3
£80002/240.22 mi-3
£72506/240.39 miRosehill Street, Bacup, OL133
£72507/240.39 mi-3
£85003/250.41 mi-3
£80006/240.41 miAcorn Street, Bacup, OL133
£77506/240.41 mi-3
£70004/240.41 mi-3
£60010/230.45 mi-3
£60010/230.45 mi-3
£57501/240.45 mi-3
£59503/250.48 mi-3
£82512/240.49 mi-3
£75007/240.52 miBold Street, Bacup3
£75009/240.53 mi-3
£85007/240.55 miPembroke Street, Bacup, OL133
£85008/240.55 mi-3
£75008/230.59 mi-3

Local Area Statistics

Population in OL13

15,293

Town centre distance

0.52 miles away

Nearest school

0.20 miles away

Nearest train station

3.70 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £160,000

March 19, 2025

Floor Plans

Description

  • IDEAL FOR FIRST-TIME BUYERS /INVESTORS +
  • SPACIOUS THREE BEDROOM END TERRACE +
  • 3 BEDROOMS + ATTIC ROOM +
  • YARD TO THE SIDE AND REAR OF THE PROPERTY +
  • CLOSE TO LOCAL AMENITIES +
  • DESIRABLE AREA OF BACUP +
  • EXCELLENT COMMUTER LINKS +
  • WITHING THE CATCHMENT AREA OF GOOD SCHOOLS +
  • COUNTRYSIDE WALKS ON YOUR DOORSTEP +

THIS SPACIOUS 3 / 4 BED END-TERRACED PROPERTY IS SITUATED IN BACUP, WITH ATTIC ROOM, AND BOTH SIDE AND REAR YARD - GOOD SIZED ROOMS THROUGHOUT. IDEAL FOR FIRST-TIME-BUYERS / INVESTORS

The property briefly comprises an entrance vestibule, lounge, down-stairs WC, modern fitted kitchen/dining room to the ground floor. To the first floor, there are two double bedrooms, a single bedroom and a three-piece family bathroom suite with over bath shower. There is an attic room to the second floor.

This home does require some modernisation to reach its full potential.

Externally, there is a yard to the side and rear.

Bacup is a town in Lancashire, located in the Rossendale Valley, surrounded by picturesque moorlands. Historically a mill town, it retains many Victorian buildings and is a conservation area. The town offers beautiful views of the River Irwell and nearby hills, with outdoor spaces like Stubbylee Park and the Lee Quarry Mountain Bike Trails. Bacup is also known for the annual Britannia Coconut Dancers. It has a population of around 13,300 and is well-connected to nearby towns like Rawtenstall and Rochdale.

GROUND FLOOR

Entrance lobby - 1.0m x 1.0m
Lounge - 6.3m x 3.7m
Kitchen/dining room - 5.3m x 4.4m
Downstairs WC - 1.6m x 0.9m

FIRST FLOOR

Bedroom 1 - 5.0m x 2.7m
Bedroom 2 - 4.3m x 2.6m
Bedroom 3 - 3.0m x 1.9m
Bathroom - 2.4m x 2.2m

SECOND FLOOR

Attic Room - 5.0m x 3.5m

COUNCIL TAX
We can confirm the property is council tax band A - payable to Rossendale Borough Council.

TENURE
Leasehold

PLEASE NOTE
All measurements are approximate to the nearest 0.1m and for guidance only and they should not be relied upon for the fitting of carpets or the placement of furniture. No checks have been made on any fixtures and fittings or services where connected (water, electricity, gas, drainage, heating appliances or any other electrical or mechanical equipment in this property).

Agent Details

Coppenwall, Rossendale

01706 335888

Next Steps?

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