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Residential properties for auction in Lancashire

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Property Summary
An unbroken apartment block.
Comprising 11 x long leasehold self-contained apartments.
Arranged to provided 4 x one beds, 4 x two beds, & 3 x three bedroom apartments.
Fully let under 11 x Assured Shorthold Tenancies (ASTs).
Total current gross rents reserved £55,320 p.a.

Tenure
11 x long leases each held for a term of 125 years from 01/01/2010 at a ground rent of £175 per annum (rising).

Location
Introduction: A town in Lancashire, close to Lancashires boundary with West Yorkshire.
Population: 13,323 (2011 Census).
Situated: Burnley - 8 miles north, Rochdale - 7 miles south.
Roads: A671, A6066.

Situation
The property is situated close to the junction with Rochdale Road. Shopping amenities can be found on Rochdale Road with further more extensive shopping in nearby Bacup town centre.

Description
The property is arranged over ground and two upper floors to provide a detached former church that has been converted into 11 x self-contained modern apartments. The property further benefits from 11 x car parking spaces.

Accommodation & Tenancies

Unit Accomodation Terms of Tenancy Current Rent Reserved
1
One bedroom appartment Let on a 6 month AST from 07/08/2017
£4,200
2
One bedroom appartment Let on a 12 month AST from 05/06/2017
£4,200
3
Two bedroom appartment Let on a 12 month AST from 28/11/2016 £5,100
4
Two bedroom appartment Let on a 12 month AST from 12/03/2016 £5,520
5
One bedroom appartment Let on a 22 month AST from 22/08/2016 £4,320
6
One bedroom appartment Let on a 5 month + 28 days AST from 31/08/2017 £4,440
7
Two bedroom appartment Let on a 12 month AST from 22/11/2016 £4,740
8
Two bedroom appartment Let on a 12 month AST from 24/07/2017 £4,800
9
Three bedroom appartment Let on a 12 month AST from 08/07/2016 £5,400
10
Three bedroom appartment Let on a 12 month AST from 25/04/2017 £5,400
11
Three bedroom appartment Let on a 12 month AST from 14/04/2018 £7,200
Total £55,320 p.a.

NB: The property was not internally inspected by BidX1
Apartments 1-11 Beulah Methodist Church, New Line, Bacup, OL13 9RY
A detached unbroken apartment block arranged as 11 x self-contained apartments. Yield 12.3%.
Type: Flat, Residential
Location: Apartments 1-11 Beulah Methodist Church New Line, Bacup, OL13 9RY
Images: 6
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New
A three bedroom semi-detached house in need of modernisation, with garage, well located close to the shopping facilities of Preston. Vacant.

THERE IS NO NEED TO CALL THE AUCTION OFFICE TO PRE-BOOK OR CONFIRM ATTENDANCE.
EACH VIEWING WILL LAST 20 - 30 MINUTES.

Open viewings on
12.30 Friday 08 Jun - Add to Calendar
12.30 Monday 11 Jun - Add to Calendar
12.30 Wednesday 13 Jun - Add to Calendar
12.30 Friday 15 Jun - Add to Calendar
Six Week Completion

Tenure
Freehold.

Location
Located near to the junction with Cleveleys Avenue
Extensive shopping facilities and restaurants can be found nearby in the centre of Preston
The recreational amenities of Mill Lane Park are easily accessible
Royal Preston Hospital is located nearby
Preston

Description
A two storey semi-detached house
In need of modernisation
Rear garden
Potential for side extension

Accommodation
Ground Floor – Two Reception Rooms, Kitchen
First Floor – Three Bedrooms, Bathroom/WC

Viewing
Please refer to our website savills.co.uk/auctions

Ready to bid?
See our buyers guide to find out what to do next.
15, Rossall Drive, Preston, PR2 3SL
A three bedroom semi-detached house
Type: House, Residential
Location: 15 Rossall Drive, PR2 3SL
Images: 1
Brochures: 1
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New
*UNSOLD - AVAILABLE AT £54,000. PLEASE REFER TO AUCTIONEER*

Addendum for Lot Number 161
Blackpool, 11 Woolman Road, Lancashire, FY1 4AH
There are REVISED Special Conditions of Sale dated 23rd May 2018 applicable to this Lot.

A Freehold Mid Terrace House subject to an Assured Shorthold Tenancy

Current Rent Reserved
£6,500 per annum (equivalent)

Tenure
Freehold.

Location
The property is located on Woolman Road, close to its junction with Ribble Road. Local shops and amenities are available within walking distance in Blackpool town centre, including the Houndshill Shopping Centre. Blackpool North Rail Station is to the north. Local bus routes run along Park Road and the open spaces of Blackpool Model Village and Gardens are within walking distance to the east.

Description
The property comprises a mid terrace house arranged over ground and first floors beneath a pitched roof.

Accommodation
The property was not internally inspected by Allsop. We are informed that the property provides:
Ground Floor – Two Reception Rooms, Kitchen
First Floor – Three Bedrooms, Bathroom/WC

Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 6 months from 27th January 2014 at a rent of £500 every four weeks (holding over).
11, Woolman Road, Blackpool, FY1 4AH
A Freehold Mid Terrace House subject to an Assured Shorthold Tenancy
Type: House, Residential
Location: 11 Woolman Road, FY1 4AH
Images: 1
Brochures: 1
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*UNSOLD, THE LAST BID WAS £30,000. PLEASE REFER TO AUCTIONEER FOR RESERVE*

A ONE BEDROOM GROUND FLOOR FLAT SUBJECT TO AN ASSURED SHORTHOLD TENANCY PRODUCING £4,420 PER ANNUM LOCATED VERY CLOSE TO THE BEACH FRONT.

Tenure
Long Leasehold. The property is held on a 999 year lease from 15/07/2008.

Location
The property is situated on a residential road close to local shops and amenities and just a 100 meters from the beach front. Fleetwood is approximately 5 miles north of Blackpool city centre. Transport links are provided by the M55 and M6 motorways.

Description

The property comprises a rear ground floor one bedroom flat situated within a mid terrace building arranged over ground and two upper floors.

Accommodation
Rear Ground Floor
Reception Room
Kitchen
Bedroom
Bathroom with WC & wash basin

Exterior
The property benefits from a private courtyard and is just a short walk from the beach.

Tenancy
The property is subject to an Assured Shorthold Tenancy agreement from 20th May 2018 for a term of 12 months at a rent of £85 per week.

Current Rent Reserved £4,420 per annum

Addendum
The property is offered on a 999 year lease, not as originally published.
Flat 5, 8, Balmoral Terrace, Fleetwood, FY7 6HG
A ONE BEDROOM GROUND FLOOR FLAT SUBJECT TO AN ASSURED SHORTHOLD TENANCY PRODUCING £4,420 PER ANNUM
Type: Residential, Flat
Location: Flat 5, 8 Balmoral Terrace, Fleetwood, FY7 6HG
Images: 2
Brochures: 1
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Features
Substantial semi-detached Victorian villa
HMO Licence granted 19.11.2015 for 5 years.
Fully tenanted
Planning permission for two additional units in basement
Ideal buy-to-let investment
Combined income of £48,900 pa
Current yield of 10.3% based on the guide price
Option to additionally purchase the adjoining Mews Cottage
Long Leasehold- circa 900 Years (Ground Rent £15 pa.)

Location
The property is located on Clifton Drive North adjacent to Ashton Gardens, only a 5 minute walk from St.Annes Square with its wide variety of shops; Aldi and Sainsburys supermarkets; M & S Food hall; banks; restaurants, cafes and bars.
St.Annes Railway Station is a 5 minute walk away, with its train services to Blackpool and to Preston from where an ongoing journey to London take a little over 2 hours.
The seafront is approximately a 3-minute walk from the property offering the beach, St Anne’s Pier, beach huts, cafes, and a promenade walk to either Lytham Town Centre to the south, or Blackpool to the north.
For golfers, Royal Lytham; Fairhaven; Lytham Green Drive, and the Old Links championship golf courses are less than an 8 minute drive from the property.
A 12 minute drive up the coastal road takes you to Blackpool, with its Pleasure Beach; its splendidly restored promenade; the famous Tower Ballroom and Grand Theatre. Good road links are provided by the A583 to the M55 and M6 and M61.

Description
• For Sale By Online Auction 19th & 20th June 2018
• Guide Price: £475,000+
• Ten bedroom fully-tenanted licensed HMO
• Current rent £48,900 per annum – 10.3% Yield
• Planning permission granted to convert the large Basement into 2 additional self-contained units.

The Victorian property, which has been converted into a ten bedroom HMO has retained many of its original features throughout. The entrance hallway on the ground floor of the property has 3 Bedrooms/Lounges with en-suite bathrooms, leading to 2 small kitchens plus a large kitchen, to the rear of which there is a smaller Bedroom/Lounge with en-suite bathroom.
To the first floor there are a further 3 rooms, sharing a fully equipped Kitchen a bath room, separate Shower-room, and another room with 2 toilets and a hand-basin. The second floor there are a further 3 rooms, sharing a fully equipped Kitchen, a bath room, a separate Shower-room, and another room with 2 toilets and a hand-basin. All bedrooms have a hand-basin.
The Basement offers potential for a further 2 self-contained HMO rooms. The forecourt has parking space for 6 cars, and there is a rear courtyard garden. The property comes fully furnished with all fixtures and fittings included in the asking price.

The Mews Cottage- Asking Price £125,000
There is the opportunity to additionally purchase under auction terms and conditions the Mews Cottage which was extensively converted about 3 years ago.
The accommodation comprises an entrance hall, lounge/dining area, galley kitchen with tiled flooring; bathroom, and a double bedroom.
The kitchen features recessed spot lighting, stainless steel sink unit with mixer tap, integrated oven and ceramic hob with extractor hood, integrated fridge/freezer, integrated washer/dryer, integrated dishwasher and tiled floor.
The bathroom has a white suite comprising a paneled bath with shower; a pedestal hand-basin with mixer tap, low level W.C, recessed spot lighting; heated towel rail; tiling to all walls and floor.
It has its own private courtyard garden enclosed by boundary walls and a fence. Double gates lead onto a cobble-stoned lane with two car parking spaces.

Accommodation
Main building – 523 sq. m (5,629 sq. ft) – taken from the energy performance certificate
Mews Cottage – 46 sq. m ( 495 sq. ft ) – taken from the energy performance certificate
Please note we have not inspected either of the properties.

Services
The Owner confirms that both properties have mains gas, electricity, water and drainage. Interested parties are advised to carry out their own enquiries.

Council Tax
The main building has the property band F. There are no Business Rates payable.
The Mews Cottage has the property band A.

Tenure
Long Leasehold of circa 900 years with a Ground Rent of £15 per annum.

Investment Analysis
All ten rooms are fully occupied, three rooms currently achieving £425 PCM and seven rooms achieving £400 PCM.
The total annual income is £48,900, reflecting a yield of 10.3% yield based on the guide price.

There is the opportunity to add extra income to the property by converting the Basement into two additional letting rooms, which will potentially generate a further £450 pcm for each letting room, totaling £10,800 per annum.

Guide Price
£475,000+

Buyer’s Premium
2% ( min. £3,600 ) Inc VAT
361, Clifton Drive North, Lytham St. Annes, FY8 2PA
Ten-Bedroom Fully Let Licensed HMO – Achieving £48,900 per annum – 10.3% Yield Planning for Basement Conversion
Type: House, Residential
Location: 361 Clifton Drive North, FY8 2PA
Images: 16
Brochures: 1
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Traditional two bedroom terraced house with two reception rooms. Entrance hall, living room, dining room, kitchen, first floor landing, bedroom one, bedroom two, bathroom, yard to rear. Gas central heating & double glazing where fitted.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please check Auction House Website for viewing appointments www.auctionhouse.co.uk

Energy Efficiency Rating (EPC)

Current Rating F

Local Authority

Rossendale Borough Council

Additional Fees

Buyer's Premium - £4,200 including VAT payable in addition to the Administration Charge

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
8 Carlton Terrace, Alma Street, Bacup, OL13 9JA
Traditional Two Bedroom Terraced House with Two Reception Rooms
Type: House, Residential
Location: 8 Carlton Terrace Alma Street, Bacup, OL13 9JA
Images: 3
Brochures: 1
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Land with outline planning permission for residential development. 15/00896/OUT. Rural village location on fringes of the village providing views over surrounding countryside. Accessed via private lane providing access to the site with outline planning for 3 detached houses. The owner is retaining plot 3 with plot 1 & 2 & the paddock being offered to auction. Please check the legal pack for final site plan. Plot 1 comes with the benefit of a large paddock as per the site plan. Our client advises us that mains gas, water & electricity is already on site. Full details can be found at www.planning.lancaster.gov.uk

Tenure

To Be Confirmed In Legal Pack

Viewing

Please check Auction House Website for viewing appointments www.auctionhouse.co.uk

Energy Efficiency Rating (EPC)

Current Rating N/A

Local Authority

Lancaster City Council

Additional Fees

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Former Chicken Farm Off Kirkby Lonsdale Road, Over Kellet, Carnforth, LA6 1DD
Land with Outline Planning Permission for Residential Development
Type: Land, Residential, Commercial Land
Location: Former Chicken Farm Off Kirkby Lonsdale Road, Over Kellet , Carnforth, LA6 1DD
Images: 4
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

One double bedroom second floor apartment with modern bath & shower room. Hallway with loft access, open plan lounge/diner, fitted kitchen, bathroom with shower cubicle, gas central heating, double glazing.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please check Auction House Website for viewing appointments www.auctionhouse.co.uk

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Lancaster City Council

Additional Fees

Buyer's Premium - £2,200 including VAT payable in addition to the Administration Charge

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
132l Bronte House, Shakespeare Road, Lancaster, LA1 2JU
One Double Bedroom Second Floor Apartment with Modern Bath & Shower Room
Type: Flat, Residential
Location: 132l Bronte House Shakespeare Road, Lancaster, LA1 2JU
Images: 3
Brochures: 1
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

A mid terrace building arranged as 2 x one bedroom flats. Not inspected by Auction House, we are advised by the vendor that both flats are let on AST's with a combined rental income of £7,860pa. Prospective purchasers are advised to check the legal pack to confirm tenancy details as Auction House have not had sight of these at the time of cataloguing.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please check Auction House Website for viewing appointments www.auctionhouse.co.uk

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Preston City Council

Additional Fees

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
185 & 185A, Plungington Road, Preston, PR1 7UB
A Mid Terrace Building Arranged as 2 x One Bedroom Flats. Both Let with a Combined Income of circa £7,860.00
Type: House, Residential
Location: 185 & 185A Plungington Road, Preston, PR1 7UB
Images: 1
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Situated on a corner plot the property comprises; entrance hallway, lounge, dining room & kitchen. First floor - three bedrooms & bathroom. Off road parking with single garage & gardens to the front, side & rear.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please check Auction House Website for viewing appointments www.auctionhouse.co.uk

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Fylde Borough Council

Additional Fees

Buyer's Premium - £1,200 including VAT payable in addition to the Administration Charge

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
87, St. Thomas Road, Lytham St. Annes, FY8 1JP
A Three Bedroom Detached House in Need of Some Modernisation
Type: House, Residential
Location: 87 St. Thomas Road, FY8 1JP
Images: 4
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Substantial detached property providing ground floor fish and chip shop/ take-away / restaurant providing up to 48 covers and spacious 3 bedroom living accommodation .
Internally the property briefly comprises the following:

Ground Floor - restaurant, take-away, kitchen and preparation area
Living accommodation: lounge/dining area, kitchen, conservatory and w.c.
First Floor: bathroom with 4 piece suite and three bedrooms.
Externally there is a substantial garden and decking area and shed to the rear. Off-road parking is also provided to the side of the property.

The property benefits from air conditioning to the restaurant, gas central heating (2no boilers) and is to be sold including the fixtures and fittings including four fryer Range, please refer to the legal pack for inventory.
The property occupies a prominent main road position with the business having operated from the site for a number of years with limited trading hours, providing an opportunity for the purchaser to develop the business further. The property is also considered suitable for a variety of uses including residential conversion subject to the necessary consents being obtained.

Tenure

To Be Confirmed In Legal Pack

Viewing

Please contact Auction House North West Commercial on 0161 830 7477

Energy Efficiency Rating (EPC)

Current Rating E

Local Authority

Pendle Borough Council

Additional Fees

Buyer's Premium - £900 including VAT payable in addition to the Administration Charge

Administration Charge - 0.9% including VAT subject to a minimum of £900.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Kelbrook Fisheries Restaurant, Colne Road, Barnoldswick, BB18 6TG
Fish and Chip Shop Restaurant/Takeaway plus 3 bedroom accommodation
Type: Residential, Restaurant/Cafes
Location: Kelbrook Fisheries Restaurant Colne Road, Barnoldswick, BB18 6TG
Images: 10
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New
*UNSOLD, PLEASE REFER TO AUCTIONEER*

Fully Equipped Takeaway and Flat. Situated in a parade of shops serving a densely populated area of Fleetwood this property offers excellent potential either for the owner occupier or for the Buy to Let investor with the potential to significantly enhance the rental achievable by turning the First Floor accommodation into a self contained Flat. The Ground Floor has been fitted out to a good standard and an extensive amount of equipment is included in the sale (See legal pack for full inventory). Very rarely do properties with an A3 use come to the market in this type of location.

Tenure

See legal pack

Ground Floor

Takeaway Area 19’0” x 13’4” (5.79m x 4.06m)
Kitchen 19’0” x 17’3” (5.79m x 5.26m)
Rear Hall
Store/Preparation Room 11’0” x 8’1” (3.35m x 2.46m)
Garage 11’0” x 18’8” (3.35m x 5.69m)

First Floor

Landing
Lounge 10’6” x 15’0” (3.20m x 4.57m)
Bedroom 1 8’3” x 12’0” (2.52m x 3.66m)
Bedroom 2 10’0” x 12’2” (3.05m x 3.71m)
Bathroom 9’0” x 5’10” (2.75m x 1.78m)

Outside

To the rear is an enclosed yard with garage

Energy Efficiency Rating (EPC)

Current Rating TBC

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Wyre Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.6% inc VAT, subject to a minimum of £720 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
114, Chatsworth Avenue, Fleetwood, FY7 8EJ
Fully Equipped Takeaway and Flat
Type: Flat, General Retail, Restaurant/Cafes, Residential, Retail
Location: 114 Chatsworth Avenue, Fleetwood, FY7 8EJ
Images: 5
View Property
*Unsold, the last bid was £95,000. Please refer to Auctioneer for Reserve*

The property comprises a three bedroom mid terrace house arranged over ground and two upper floors.

Exterior
The property benefits from front and rear gardens.

Tenure

Freehold

Location

The property is situated on a residential road in Darwen area of Blackburn close to local shops and amenities. There are numerous green open spaces within easy reach. Transport links are provided by Darwen rail station.

Accommodation

Ground Floor
Reception Room
Kitchen
Cloakroom

First Floor
Two Bedrooms
Bathroom with WC & wash basin

Second Floor
Master Bedroom with En-suite Shower Room

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing February 2017 at a rent of £535 per calendar month (Holding Over).

This property has not been internally inspected by Auction House London

Current Rent Reserved £6,420 per annum

Viewing Details

Open House Viewings To Be Confirmed

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £780 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
10, Rose Street, Darwen, BB3 3DN
A Three Bedroom Mid Terrace House Subject to an Assured Shorthold Tenancy Producing £6,420 per annum
Type: Residential, House
Location: 10 Rose Street, BB3 3DN
Images: 1
Brochures: 1
View Property
Features
Freehold interest of 17 modern town houses
Total income of £2,550 pa
Gross yield equates to 10.2% on the lower guide price
999 year leases from 1st January 2014
Modern Development
Traditional stone construction and pitched slate roofs
The site extends to approximately 0.74 hectares (1.84 acres)

Location
The development site is located within the Rossendale Valley in Lancashire, between the towns of Rawtenstall to the north and Waterfoot to the south. More specifically, the site is accessed directly from the northern side of Bacup Road (A681) onto Bridgewood Close.
The property is approximately 17 miles north of Manchester, 22 miles east of Preston, and 45 miles south east of the county town of Lancaster. The small towns of Bacup, Haslingden and Ramsbottom are all nearby, within the Rossendale area.
The immediate area is predominantly characterised by a mixture of residential and commercial occupiers. Nearby schools include: Belmont Primary School and Bacup & Rawtenstall Grammar School both of which are within one mile of the property. Good road links are provided by the A681, A56 and M66.

Description
• Online Auction date 19th & 20th June 2018
• Guide Price £25,000
• Freehold ground rent income of £2,550 pa
• Gross yield equates to 10.2% on the lower guide price
• 999 year leases from 1st January 2014

The development comprises of 17 modern town houses on a level site. Some of the properties to the left-hand side and rear of the site occupy good sized plots which extend into the river on the north and eastern perimeter of the site.
All 17 properties are of a traditional stone construction with pitched slate roofs and UPVC double glazed windows. Each property, other than No 12 Bridgeweood Close, has its own private driveway, accessed directly off Bridgewood Close, which runs through the centre of the development.

Accommodation
The site extends to approximately 0.74 hectares (1.84 acres)

Investment Analysis
The freehold title includes 17 long leasehold interests held for a term of 999 years from 1 January 2014. Each property pays an annual ground rent of £150. The total annual ground rent currently received would be £2,550, reflecting a yield fo 10.2% on the lower guide price. The ground rent for all 17 leases increases by ten percent on every tenth anniversary of the term, until the end of the lease term.

Services
Interested parties are recommended to make their own enquiries.

Tenure
Freehold

VAT
Interested parties are recommended to make their own enquiries.

Buyer’s Premium
£3,000 inc. VAT

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If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

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390, Bacup Road, Rossendale, BB4 7JJ
Ground Rent Investment Opportunity – 10.2% Yield Freehold For Sale Six Rising Ground Rents – £2,550 per annum
Type: Residential, Other, Other Property Types & Opportunities
Location: 390 Bacup Road, BB4 7JJ
Images: 1
Brochures: 1
View Property
*THIS PROPERTY IS STILL AVAILABLE FOR OFFERS, PLEASE CONTACT AUCTIONEER FOR DETAILS*

Features

Large three-bedroom mid terrace
Potential to convert to mixed use or three flats
Accommodation over two storeys and attic
Fitted kitchen and bathroom
Approximately 1800ft2 (taken from EPC)
Potential income of £12,000 per annum (if converted into flats)
Potential gross yield of 20%
Freehold
Excellent transport links
Close to the town centre

Location
This property is situated on Newchurch Road, Bacup. Newchurch road is located off the A681 junction, parallel to Booth Road. The property is directly opposite a bus stop, therefore providing residents with easy access into and out of the town centre.
Bacup is a small town in Lancashire, close to Lancashire’s boundary with West Yorkshire. The property sits a short two miles southwest of the town centre. This area benefits from a range of amenities, including; a good selection of well-known supermarkets, restaurants, health options and many more.
Lancashire is situated in the north west of England, 35 miles north west of Manchester and the same distance to Liverpool, in the south west of Lancashire

Description
A large two storey mid-terrace property of traditional brick construction, with a pitched roof above.

Ideal for any investor looking for a property requiring total renovation.

There is versatile accommodation over four floors, which given the right programme of renovation and subject to the necessary planning permissions, could provide a basement flat to the lower ground floor, a ground floor retail premises, and a further good sized flat set over the first floor.

Services
We understand the property to have mains electricity, water and drainage.

Accommodation
Total – 1800ft2 (taken from EPC)

Tenure
Freehold

Council Tax
The property is rated in Council Tax Band D. Council Tax payable (2017/18) is approximately £1,610.

Investment Analysis

We understand the property could be converted into three flats. If converted into flats, the property has the potential to generate an income in the region of £12,000 per annum, providing a gross yield of 20%, before taking into account conversion costs. Alternatively, the property could offer mixed use commercial and residential accommodation, with a shop to the ground floor and two flats to the upper floors.

Guide Price
£60,000 – £65,000+

Buyer’s Premium
2.4% (min. £3,000) inc. VAT

Sell Your Property
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:
•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion
•Monthly auctions
290, Newchurch Road, Bacup, OL13 0UJ
Three Bedroom Mid-Terraced – Potential Conversion To Mixed Use Or Flats
Type: Residential, House, Mixed use, Other Property Types & Opportunities
Location: 290 Newchurch Road, OL13 0UJ
Images: 9
Brochures: 1
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