Area Guide For Bacup

Bacup is a town within the Rossendale borough of Lancashire, England. It is located amongst the South Pennines, along Lancashire's eastern boundary with West Yorkshire. The town sits within a rural setting in the Forest of Rossendale, amongst the steep-sided upper-Irwell Valley, through which the River Irwell passes. It is 3.5 miles (5.6 km) east of Rawtenstall, 6.4 miles (10.3 km) north of Rochdale, and 21 miles (34 km) east of Preston. At the time of the United Kingdom Census 2001, Bacup which encompasses the outlying communities of Britannia, Stacksteads, Rockcliffe, Trough Gate and Weir had a population of 12,763. Bacup emerged as a settlement following the Anglo-Saxon settlement of Britain in the Early Middle Ages. For centuries, Bacup was a small and obscure centre of domestic flannel and woollen cloth production, and many of the original weavers' cottages survive today as listed buildings. Following the Industrial Revolution Bacup became a mill town, its landscape dominated by distinctive and large rectangular woollen and cotton mills. Bacup received a charter of incorporation in 1882, giving it honorific borough status and its own elected town government,


Bacup Map

Estimated Price: £118,712
Average Asking Price: £149,537
Price change in last one year: £4,275
Average Price Paid: £107,163
Average Rent Rates: £596


Property Prices Breakdown in Bacup

Average Price for property in Bacup is around £118,712 which varies based on type of property you are interested in and ranges from £207,694 for detached house to around £122,844 for semi-detached. Similarly terraced house is around £79,102 and a flat is worth £86,236. Values have been changing and have risen £745 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,696 in last 6 months, £4,275 in last 1 year, £12,506 in last 2 years, £5,979 in last 3 years, £1,675 in last 4 years and £4,229 in last 5 years.

Currently average asking price of a property in Bacup is around £149,537 based on approximately 192 properties for sale. Same is the case with rental options based on 43 properties up for rent, average asking rent is around £596 per month.

Estimated property value in Bacup is £118,712. Average asking price is £149,537 while average price paid is £104,567 which is up by £4,275 and Avg. asking rent £596.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Bacup area. In last 1 year alone average price buyer paid is around £104,567 based on approximately 192 sales in Bacup area alone. If you compare it to last 3 years sales of 487 properties where buyers paid around £105,726. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £107,163 for 819 and average amount paid for purchase of approx. 1,230 properties sold in last 7 years comes to about £110,850 per sale.


Properties For Sale in Bacup


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £64,399, £74,749 for a 2 bedroom house, £142,408 for a 3 bedroom house, £212,953 for a 4 bedroom house and £320,300 for a 5 bedroom house. For a flat the prices of 2 bedroom is £111,212. To sum up the asking prices for properties in Bacup it comes to around average £64,399 for 1 bedroom property, £76,804 for 2 bedroom, £142,408 for 3 bedroom, £212,953 for 4 bedroom and £320,300 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £394 for 1 bedroom to £377 for 2 bedroom, £504 for 3 bedroom and £649 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £363. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £441. You should be generally be expecting around average £370 rent per month for single bedroom property, £386 for 2 bedroom, £504 for 3 bedroom and approximately £649 for 4 bedroom property in Bacup area.

Popular Houses in Bacup

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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