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Property Listing Details

Property details

  • 2 bedrooms

Features

  • Olive Street, Stacksteads, Bacup, Rossendale
  • 2 Bedroom, Mid Back-To-Back Property
  • Ideal Investment Potential
  • Current Tenant In-Situ at 8% Yield
  • Some Upgrading Required
  • Transport Links & Amenities Nearby
  • Available Now
  • Contact Us To View!

Listing view statistics

Last 30 days: 496 page views

Since listed: 2302 page views

Description

*** new *** - 2 bedroom back to back home, available with current tenant in-situ - Some Upgrading Required, Available Now, Current Rental Yield Of 8%, Close To Transport Links & Local Amenities - Contact Us To View

Olive Street, Stacksteads, Bacup, Rossendale is a great opportunity to acquire an affordable, mid back-to-back property, currently occupied by a tenant happy to remain in-situ and generating an 8% yield. This potential investment could do with some upgrading, but comes as a ready made income generator due to the incumbent occupiers. The property therefore represents an ideal opportunity for First Time Buyers to get on the property ladder, or indeed for investors to add to their portfolio.

Situated close to leisure amenities at Stubby Lee Park and Lee Quarry Adrenaline Centre, as well as being ideally located for commuting across the Rossendale Valley and beyond, the property is also perfect for easy access to public transport links on Newchurch Road.

* Current Tenant In-Situ Generating 8% Yield * Available Now * Requiring Some Improvement * Ideal Investment Opportunity

Lounge (4.27m x 3.73m (14'0" x 12'3"))

Kitchen (3.31m x 1.49m (10'10" x 4'11"))

Landing

Bedroom 1 (4.28m x 2.11m (14'1" x 6'11"))

Bedroom 2 (3.48m x 1.98m (11'5" x 6'6"))

Shower Room (3.13m x 1.04m (10'3" x 3'5"))

Agents Notes

Council Tax: Band 'A'
Tenure: Leasehold
Stamp Duty: 0% up to £125,000,2% of the amount between £125,001 & £250,000,5% of the amount between £250,001 & £925,000,10% of the amount between £925,001 & £1,500,000. For some purchases, an additional 3% surcharge may be payable on properties with a sale price of £40,000 and over. Please call us for any clarification on the new Stamp Duty system or to find out what this means for your purchase.

Disclaimer

Unless stated otherwise, these details may be in a draft format subject to approval by the property's vendors. Your attention is drawn to the fact that we have been unable to confirm whether certain items included with this property are in full working order. Any prospective purchaser must satisfy themselves as to the condition of any particular item and no employee of Farrow & Farrow has the authority to make any guarantees in any regard. The dimensions stated have been measured electronically and as such may have a margin of error, nor should they be relied upon for the purchase or placement of furnishings, floor coverings etc. Details provided within these property particulars are subject to potential errors, but have been approved by the vendor(s) and in any event, errors and omissions are excepted. These property details do not in any way, constitute any part of an offer or contract, nor should they be relied upon solely or as a statement of fact. In the event of any structural changes or developments to the property, any prospective purchaser should satisfy themselves that all appropriate approvals from Planning, Building Control etc, have been obtained and complied with.

You could get

Superfast broadband Superfast broadband

Up to 47.2 Mbps (Source: Ofcom)

Floorplan

Map & Nearby

Local Amenities

  • Walsden 4.4 miles
  • Todmorden 4.8 miles
  • St Joseph's Roman Catholic Primary School, Stacksteads, Bacup 0.3 miles
  • Bacup Holy Trinity Stacksteads Church of England Primary School 0.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Walsden 4.4 miles
  • Todmorden 4.8 miles
  • St Joseph's Roman Catholic Primary School, Stacksteads, Bacup 0.3 miles
  • Bacup Holy Trinity Stacksteads Church of England Primary School 0.4 miles

Market stats

Sale activity

Average estimated value for a house in OL13:

  • £82,062
  • Price increase

  • £3,685
  • (4.702%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £74,087
  • Properties sold

    85

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom house in OL13 is currently:

£390 pcm

Recent sales nearby

See all recent sales in OL13
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Estimated running costs

Based on available 3rd party data

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Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Agent

Price history

Sold prices provided by Land Registry
9th Aug 2019 £45,000 First listed
17th Feb 2016 £55,000 Last sold

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Property descriptions and related information displayed on this page are marketing materials provided by Farrow & Farrow. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Farrow & Farrow for full details and further information.