240 Bacup Road, Rossendale, Lancashire, BB4 7LG

Description

A leasehold mid terrace house comprising, open plan lounge / kitchen, two bedrooms and bathroom. Rear decked yard.

Accommodation

Open plan lounge / kitchen, two bedrooms and bathroom; rear decked yard.

Location

Situated on a busy main road on the outskirts of Rawtenstall. Close to local shops and schools with good transport links Bacup, Bury and Bolton.

Tenure / Property Information

Investment Analysis

The closest supplied completed sales are 238 Bacup Road at £90,000 and 268 Bacup Road at £91,000. Both are terraced leasehold properties on the same road, but bedroom count, condition, size and specification are not provided. The £150,000–£168,000 sales are materially higher and cannot be reconciled without further property details. A cautious base GDV of £90,500 is therefore used, with a supported evidence range of £90,000–£91,000.

Investment Snapshot

Strategy Recommendation

Conditional purchase only after legal and physical due diligence. The guide offers apparent headroom against the two closest sales, but absent rent and condition evidence prevents a robust BTL or flip decision. Avoid bidding above the guide without confirmed costs and value.

Works Required

No specific defects or refurbishment requirements are evidenced. A physical inspection should establish whether any works are required; no refurbishment allowance is included in the base calculations. The description supports only the existing open-plan lounge/kitchen, two bedrooms, bathroom and rear decked yard.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £90,500 base GDV and no evidenced refurbishment allowance, 75% refinance is approximately £67,875. Against the £75,160 base cost, the indicative cash left in is £7,285 before finance costs, tax, legal costs, valuation costs and any works. The refinance outcome is dependent on lender valuation and actual condition.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. At the £70,000 guide, known exchange costs are £1,560 buyer premium and £3,600 minimum administration charge; other possible fees are excluded. Rent, operating costs and financing costs remain unknown.

Flip Analysis

The base GDV of £90,500 is approximately £15,340 above the guide price plus the known £5,160 buyer/admin charges, assuming no works. This is not a reliable flip surplus because refurbishment, selling costs, legal costs, finance costs and other auction disbursements are unsupported or unknown.

Investor Risks & Due Diligence

• No rental evidence or passing rent is supplied, so rental yield cannot be calculated.

• Condition and any required refurbishment are unknown.

• The comparable sales do not include bedroom count, floor area or condition, limiting GDV reliability.

• Additional search, seller, legal, transfer and other auction disbursements may apply.

• The stated ground-rent wording is unclear and the service-charge field is blank; lease and title documentation require legal review.

• The property is on a busy main road, which may affect occupier appeal and resale demand.

Recommendation

Conditional purchase only after legal and physical due diligence. The guide offers apparent headroom against the two closest sales, but absent rent and condition evidence prevents a robust BTL or flip decision. Avoid bidding above the guide without confirmed costs and value.

Strategy Rating

Analysis Confidence

Two highly relevant same-road completed sales support a narrow indicative GDV range, but bedroom comparability, condition, internal size, rent, refurbishment costs, selling costs and some lease/auction disbursements are unavailable.