2 bed terraced house for sale

Alder Bank, Rawtenstall, Rossendale BB4

Summary

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid 85000

A Fantastic Refurbishment Opportunity in a Convenient Rawtenstall Location

Situated within easy walking distance of Rawtenstall Town Centre, this mid-stone terrace property presents an outstanding opportunity for investors, developers, builders, and buyers seeking a project with significant scope to add value.

Having been unoccupied for many years, the property now requires complete and comprehensive refurbishment throughout, offering purchasers the chance to renovate and modernise to their own specification. With a realistic guide price of 85,000, the property represents an attractive proposition for those looking to create a profitable investment, resale opportunity, or long-term home.

The accommodation briefly comprises an entrance vestibule leading into a generously proportioned lounge. Beyond the lounge is the kitchen area, which in turn provides access to a useful utility space and the rear yard.

Externally, the enclosed rear yard benefits from two brick-built storage outbuildings and gated access to a rear service alley.

To the first floor is a spacious principal bedroom together with a family bathroom. A staircase rises to the second floor attic room, which has previously been utilised as bedroom accommodation and is complemented by a substantial eaves storage area.

Please note the property is heated by a back boiler.

Location

Rawtenstall is one of Rossendale's most popular market towns, offering an excellent range of amenities including supermarkets, independent retailers, cafs, bars, restaurants, leisure facilities and healthcare services. The town has developed a vibrant social scene with a variety of eateries, traditional pubs and nightlife options.

Families are well served by a selection of highly regarded primary and secondary schools within the surrounding area, while commuters benefit from excellent transport links. The A56/M66 corridor provides convenient access to Manchester, Bury, Burnley and the wider motorway network, making the area increasingly popular with both owner-occupiers and tenants alike.

The town is also surrounded by attractive countryside, providing easy access to walking routes, cycling trails and outdoor recreation, including the nearby Rossendale Valley and surrounding Pennine landscapes.

Investment Potential

Properties of this nature are becoming increasingly difficult to acquire at such an attractive entry price point. Subject to the necessary refurbishment works, purchasers have the opportunity to significantly enhance both the property's market value and rental potential. The versatile accommodation, convenient location and substantial scope for improvement make this an ideal project for investors, builders, developers, landlords and ambitious owner-occupiers seeking to create a bespoke home.

Early viewing is strongly recommended to fully appreciate the accommodation, location and considerable potential on offer.

Council Tax Band: A
Tenure: Leasehold
Length of Lease: 851
Annual Ground Rent Amount: 2.00

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.