2 Bed Terraced House, Single Let, Bacup, OL13 8BJ, £89,995

19 Albert Terrace, Bacup, Lancashire OL13 8BJ - 2 views - 7 months ago

Leasehold

BTL

ROI: 6%

60 m²

+2 photos

ValuationOvervalued

Sold Prices	£39.5K - £174.5K
Sold Prices/m²	£648/m² - £3.5K/m²

Square Metres	59.54 m²
Price/m²	£1.5K/m²
Value Estimate	£78,820£78,820

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£22,499£22,499
Stamp Duty & Legal Fees	£3,900£3,900
Total Cash In	£26,399£26,399

Cash Out
Rent Range	£500 - £850£500 - £850
Rent Estimate	£550
Running Costs/mo	£411£411
Cashflow/mo	£139£139
Cashflow/yr	£1,665£1,665
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £39.5K to £174.5K, average is £85K. £648/m² to £3.5K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£61K	07/21	0.01 mi	1, Albert Terrace, Bacup, Lancashire OL13 8BJ	-	-	2	Terraced House
£110K	01/23	0.01 mi	10, Albert Terrace, Bacup, Lancashire OL13 8BJ	-	-	2	Terraced House
£85K	10/22	0.01 mi	3, Albert Terrace, Bacup, Lancashire OL13 8BJ	£1,441	59	2	Terraced House
£92K	03/24	0.04 mi	1, Shepherd Street, Bacup, Lancashire OL13 8BH	£1,314	70	2	Terraced House
£42K	12/20	0.04 mi	11, Shepherd Street, Bacup, Lancashire OL13 8BH	£692	61	2	Terraced House
£72K	12/20	0.04 mi	13, Shepherd Street, Bacup, Lancashire OL13 8BH	-	-	2	Terraced House
£83K	12/23	0.04 mi	21, Shepherd Street, Bacup, Lancashire OL13 8BH	-	-	2	Terraced House
£115K	08/23	0.04 mi	3, Shepherd Street, Bacup, Lancashire OL13 8BH	£1,885	61	2	Terraced House
£85K	12/22	0.1 mi	70, Dale Street, Bacup, Lancashire OL13 8BA	£842	101	2	Terraced House
£108K	08/22	0.1 mi	14, Daisy Bank, Bacup, Lancashire OL13 8AL	£1,770	61	2	Semi-Detached House
£58K	05/21	0.1 mi	14, Mill Street, Bacup, Lancashire OL13 8BP	-	-	2	Terraced House
£80K	01/24	0.1 mi	10, Daisy Bank, Bacup, Lancashire OL13 8AL	£1,333	60	2	Terraced House
£80K	03/21	0.14 mi	30, Blackthorn Lane, Bacup, Lancashire OL13 8EB	-	-	2	Terraced House
£82.3K	07/21	0.15 mi	7, Stanley Mount, Bacup, Lancashire OL13 9DA	£1,371	60	2	Terraced House
£90K	06/21	0.18 mi	30, Dale Street, Bacup, Lancashire OL13 8AP	-	-	2	Terraced House
£73K	01/24	0.19 mi	29, Stanley Street, Bacup, Lancashire OL13 8DN	£901	81	2	Terraced House
£97.5K	12/22	0.2 mi	2, Gordon Street, Bacup, Lancashire OL13 8DH	£1,108	88	2	Terraced House
£95K	12/23	0.22 mi	17, Plane Street, Bacup, Lancashire OL13 8DW	£1,532	62	2	Terraced House
£70K	04/21	0.23 mi	22, Gordon Street, Bacup, Lancashire OL13 8DH	£787	89	2	Terraced House
£65K	12/20	0.23 mi	44, Gordon Street, Bacup, Lancashire OL13 8DH	£756	86	2	Terraced House
£70K	12/20	0.23 mi	24, Earnshaw Road, Bacup, Lancashire OL13 9BP	£722	97	2	Terraced House
£85K	06/21	0.23 mi	3, Rose Street, Bacup, Lancashire OL13 8AR	-	-	2	Terraced House
£58K	02/23	0.33 mi	15, Alma Street, Bacup, Lancashire OL13 9JA	-	-	2	Terraced House
£39.5K	09/23	0.33 mi	39, Alma Street, Bacup, Lancashire OL13 9JA	£648	61	2	Terraced House
£60K	02/21	0.33 mi	19, Alma Street, Bacup, Lancashire OL13 9JA	£938	64	2	Terraced House
£60K	02/21	0.33 mi	19, Alma Street, Bacup, Lancashire OL13 9JA	£938	64	2	Terraced House
£170K	09/22	0.35 mi	22, Windermere Road, Bacup, Lancashire OL13 9DN	£3,469	49	2	Detached House
£80K	11/20	0.35 mi	17, Thorn Street, Bacup, Lancashire OL13 9JG	£1,355	59	2	Terraced House
£156K	10/21	0.37 mi	55, Windermere Road, Bacup, Lancashire OL13 9DN	£3,262	48	2	Semi-Detached House
£155K	12/21	0.37 mi	22, Windermere Road, Bacup, Lancashire OL13 9DN	£3,163	49	2	Semi-Detached House
£92.5K	06/22	0.38 mi	4, Myrtle Cottages, Bacup, Lancashire OL13 9JU	£889	104	2	Semi-Detached House
£97.5K	12/22	0.38 mi	6, Industrial Street, Bacup, Lancashire OL13 9JJ	-	-	2	Terraced House
£97K	12/23	0.4 mi	13, Beech Street, Bacup, Lancashire OL13 9DR	£1,443	67	2	Terraced House
£131K	03/21	0.41 mi	27, Bankside Lane, Bacup, Lancashire OL13 8HJ	£1,795	73	2	Semi-Detached House
£174.5K	10/23	0.41 mi	25, Bankside Lane, Bacup, Lancashire OL13 8HJ	£3,009	58	2	Bungalow
£97K	03/21	0.43 mi	15, Central View, Bacup, Lancashire OL13 9JX	£2,487	39	2	Semi-Detached House
£85K	09/21	0.44 mi	12, Riley Street, Bacup, Lancashire OL13 8PG	£1,202	71	2	Terraced House
£105K	04/23	0.44 mi	13, Riley Street, Bacup, Lancashire OL13 8PG	£1,522	69	2	Terraced House
£82.5K	07/23	0.44 mi	3, Riley Street, Bacup, Lancashire OL13 8PG	£1,268	65	2	Terraced House
£95K	10/20	0.44 mi	18, Riley Street, Bacup, Lancashire OL13 8PG	£1,377	69	2	Terraced House
£84K	11/22	0.44 mi	4, Ashworth Street, Bacup, Lancashire OL13 9LS	£1,075	78	2	Terraced House
£84K	12/20	0.44 mi	17, Zion Street, Bacup, Lancashire OL13 9LT	£808	104	2	Terraced House
£127K	02/23	0.5 mi	9, Pendle Close, Bacup, Lancashire OL13 9JT	£2,117	60	2	Semi-Detached House
£60K	04/24	0.5 mi	7, Pendle Close, Bacup, Lancashire OL13 9JT	£888	68	2	Semi-Detached House
£160K	02/23	0.51 mi	8, Clough Road, Bacup, Lancashire OL13 9LP	£1,744	92	2	Terraced House
£80K	04/21	0.52 mi	9, Edward Street, Bacup, Lancashire OL13 9EW	£1,146	70	2	Terraced House
£65K	12/20	0.56 mi	98, Market Street, Bacup, Lancashire OL13 0AY	£959	68	2	Terraced House
£140K	09/23	0.56 mi	98, Market Street, Bacup, Lancashire OL13 0AY	£2,066	68	2	Terraced House
£138.5K	02/23	0.58 mi	74, Todmorden Road, Bacup, Lancashire OL13 9HJ	£2,565	54	2	Terraced House
£96K	03/23	0.58 mi	51, Rosendale Crescent, Bacup, Lancashire OL13 9LN	£1,297	74	2	Semi-Detached House

Local Rents

24 rents from £500/mo to £850/mo, average is £675/mo.

Rent	Date	Distance	Address	Beds	Type
£550	06/24	0 mi	Albert Terrace, Bacup, OL13	2	Terraced House
£550	06/24	0.01 mi	-	2	Terraced House
£650	11/24	0.13 mi	-	2	Terraced House
£800	08/24	0.15 mi	Brown Street, Bacup	2	Terraced House
£675	03/25	0.18 mi	-	2	Terraced House
£725	07/24	0.19 mi	Blackthorn Terrace, Bacup, Lancashire, OL13	2	Terraced House
£675	04/25	0.2 mi	-	2	Flat
£500	06/24	0.23 mi	-	2	Terraced House
£795	08/24	0.33 mi	ALMA STREET, Bacup, Rossendale OL13 9JA	2	Flat
£850	08/24	0.33 mi	ALMA STREET, Bacup, Rossendale OL13 9JA	2	Flat
£850	08/24	0.33 mi	ALMA STREET, Bacup, Rossendale OL13 9JA	2	Flat
£850	09/24	0.33 mi	ALMA STREET, Bacup, Rossendale OL13 9JA	2	Flat
£675	06/24	0.33 mi	Inkerman Street, Bacup	2	Flat
£600	07/24	0.34 mi	-	2	Terraced House
£600	01/24	0.34 mi	-	2	Terraced House
£650	10/24	0.34 mi	-	2	Terraced House
£650	04/25	0.34 mi	-	2	Terraced House
£650	08/24	0.34 mi	Inkerman Street, Bacup	2	House
£700	01/25	0.34 mi	-	2	Flat
£700	01/25	0.34 mi	-	2	Flat
£650	02/25	0.35 mi	-	2	Terraced House
£800	09/24	0.39 mi	-	2	Terraced House
£625	12/24	0.41 mi	-	2	Terraced House
£675	08/24	0.57 mi	Rockcliffe Road, Bacup	2	House

Local Area Statistics

Population in OL13	15,29315,293
Town centre distance	0.55 miles away0.55 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	4.13 miles away4.13 miles away

Rental growth (12m)	+9%+9%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+39%+39%

Property History

Listed for £89,995

September 19, 2024

Sold for £39,000

2005

Description

Council Tax - Band A +
EPC - E +
Popular central location +
Found within walking distance of Bacup town centre +
Offered for a sale with a tenant in situ +
All the relevant certification is in place +
Rent current is £550PCM +
Well presented accommodation on offer +
One spacious reception room +
Modern fitted kitchen +

!! Investment Opportunity !! We are delighted to offer for sale this 2 bedroom, mid terrace property situated on the outskirts of Bacup Town Centre that comes with the current tenant in situ. The current tenancy began in February 2024, and was renewed in October 2024, with the rent set at £550PCM and all the relevant certification being in place. The well presented accommodation comprises of: a welcoming living room, leading to a fully fitted kitchen with integrated oven/hob, two bedrooms to the first floor - one being a comfortable double, and a 3 piece bathroom suite. The property is warmed by gas central heating and is double glazed throughout. There is a low maintenance yard to the rear. Early viewing is considered a must!

Agent Details

JonSimon Estate Agents, Burnley

01282 953000

Next Steps?

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

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2 Bed Terraced House, Single Let, Bacup, OL13 8BJ, £89,995

ValuationOvervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

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Local Area Statistics

Property History

Description

Agent Details

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Cashflows

Local Sold Prices

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