Gladstone Street, Bacup, OL13
North West
£85,000
Listed on 09/10/2026
Listed on 09/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
990 sqftDescription
This two-bedroom mid-terraced house is offered with no onward chain and is described as requiring renovation. The accommodation includes a living room and a spacious kitchen diner, with two good-sized bedrooms. The listing also notes that the property is not directly overlooked at the front or rear and has an EPC rating of D, with scope to improve energy efficiency as part of future works.
Bacup town centre, local shops, amenities and transport links are within a short walk. The property may suit buyers looking to refurbish a home, subject to inspection and assessment of the work required.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
73out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £85,000, this two-bedroom stone-fronted terrace is priced at about £86 per sq ft, well below the local average of £180 per sq ft—a strong entry point for a buyer looking to create value. The spacious kitchen-diner and good-sized bedrooms provide a useful canvas, while the street-facing exterior appears generally intact in the available view.
This is a substantial project rather than a cosmetic refresh: several rooms have worn or damaged finishes, the kitchen-diner has staining and ceiling damage, and the rear paved area needs clearing and improvement. The £35,000–£65,000 renovation range gives a sense of the work involved. The score is supported by the low asking price and strong economics, with the scale of the internal work the main consideration.
Key opportunities
- Rework the spacious kitchen-diner into a more functional focal point for everyday living and entertaining.
- Refresh the two good-sized bedrooms and living room to create a coherent, updated interior.
- Clear and improve the rear paved area, including the overgrown planting and weathered boundary fencing.
Key risks
- The £35,000–£65,000 works range and damaged finishes across several rooms point to a substantial programme, not a cosmetic refresh; allow for budget and time to address the kitchen-diner, bathroom, flooring and wider redecoration.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£321
Based on a loan of £63,750 over 30 years at 4.45% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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