2 Bed Flat, Single Let, Workington, CA14 3SG, £40,000

Bowness Court, Workington, Cumbria, CA14 3SG - 2 years ago

Sold STC
Leasehold
BTL
ROI: 24%
~59 m²
+3 photos

ValuationUndervalued

Sold Prices£40K - £127.5K
Sold Prices/m²£759/m² - £1.6K/m²

 

 

Square Metres

~59 m²
Price/m²£678/m²

Value Estimate

£49,600
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£3,200

Total Cash In

£13,200

 

 

Cash Out

 

Rent Range

£470 - £800

Rent Estimate

£509

Running Costs/mo

£247

Cashflow/mo

£262

Cashflow/yr

£3,146

ROI

24%

Gross Yield

15%

Local Sold Prices

24 sold prices from £40K to £127.5K, average is £66.5K. £759/m² to £1.6K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£40.5K06/210.12 mi63b, Udale Court, Workington, Cumbria CA14 3SH2
£40K03/220.84 miFlat 11, Thorncroft House, Park End Road, Workington, Cumbria CA14 4DE2
£69K07/210.84 mi9, Park End Road, Workington, Cumbria CA14 4DE2
£64K03/220.84 miFlat 12, Cavendish Court, Elizabeth Street, Workington, Cumbria CA14 4BZ2
£72K09/210.87 mi18, Thorncroft Gardens, Workington, Cumbria CA14 4DP2
£72K09/210.87 mi18, Thorncroft Gardens, Workington, Cumbria CA14 4DP2
£83K05/230.87 mi10, Thorncroft Gardens, Workington, Cumberland CA14 4DP2
£85K01/210.87 mi8, Thorncroft Gardens, Workington, Cumbria CA14 4DP2
£83K08/210.87 mi2, Thorncroft Gardens, Workington, Cumbria CA14 4DP2
£83K08/210.88 mi2, Thorncroft Gardens, Workington, Cumbria CA14 4DP2
£127.5K07/230.88 mi9, Portland Square, Workington, Cumberland CA14 4BW2
£57.5K05/210.92 mi24, Ramsay Brow, Workington, Cumbria CA14 4BS2
£60K12/210.95 mi2, Wesley Street, Workington, Cumbria CA14 2TH2
£125K03/221.01 mi17, Ladies Walk Brewery, Workington, Cumbria CA14 3EA2
£48.9K02/231.07 mi53, South William Street, Workington, Cumbria CA14 2EG2
£45K10/211.08 mi48, Harringdale Road, High Harrington, Workington, Cumbria CA14 4NU2
£41K06/211.08 mi40, Harringdale Road, High Harrington, Workington, Cumbria CA14 4NU2
£45K10/211.08 mi48, Harringdale Road, High Harrington, Workington, Cumbria CA14 4NU2
£41K06/211.08 mi40, Harringdale Road, High Harrington, Workington, Cumbria CA14 4NU2
£55K03/221.09 mi52, Harringdale Road, High Harrington, Workington, Cumbria CA14 4NU2
£80K06/231.09 mi13, Wybrow Terrace, Workington, Cumberland CA14 2EA2
£43K01/211.38 miFlat 5, Wesley Court, Church Road, Harrington, Workington, Cumbria CA14 5QA2
£72K05/231.38 miFlat 6, Wesley Court, Church Road, Harrington, Workington, Cumberland CA14 5QA2
£85K03/231.4 mi10, Wollenscroft, Stainburn, Workington, Cumberland CA14 4UP2

Local Rents

33 rents from £470/mo to £800/mo, average is £595/mo.

RentDateDistanceAddressBeds 
£62505/240.34 miNeedham Drive, Workington, CA142
£65010/240.6 mi-2
£55003/240.6 miIslay Place, Workington, CA142
£55010/230.6 mi-2
£62505/240.61 miFrostoms Road, Workington2
£56003/240.61 miMoss Bay Road, Workington, CA142
£69503/250.61 mi-2
£60004/240.64 miAshton Street, Workington2
£61003/240.66 miVictoria Road, Workington, CA142
£57511/230.68 mi-2
£62511/240.68 mi-2
£75003/250.68 mi-2
£65003/250.72 mi-2
£57003/240.74 miGray Street, Workington2
£52504/240.75 mi-2
£57503/240.78 miMoss Bay Road, Workington, CA142
£57503/240.78 miMoss Bay Road, Workington, CA142
£59503/240.8 miHunter Street, Workington2
£55003/240.82 miBolton Street, Workington, Cumbria, CA14 2SW2
£62502/240.82 mi-2
£69503/250.82 mi-2
£57503/240.82 miBolton Street, Workington2
£59503/240.84 miThorncroft Gardens, Workington2
£52511/230.87 mi-2
£52502/240.9 mi-2
£80003/240.93 miRuskin Close, High Harrington, Workington, CA142
£75009/241 mi-2
£55003/241.02 miLonsdale Street, Workington, CA142
£50010/241.02 mi-2
£47002/241.04 mi-2
£56504/241.05 miGladstone Street, Workington2
£59503/241.14 mi-2
£59503/241.14 miPrimrose Crescent, Harrington, Workington, CA142

Local Area Statistics

Population in CA14

35,826

Population in Workington

35,830

Town centre distance

0.46 miles away

Nearest school

0.20 miles away

Nearest train station

1.16 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £40,000

July 4, 2023

Floor Plans

Description

  • UPPER FLOOR FLAT +
  • 2 BEDROOMS +
  • VIEW FROM LOUNGE +
  • GAS CENTRAL HEATING +
  • CHAIN FREE +
  • IDEAL INVESTMENT OPPORTUNITY +
  • EPC RATING C +

A 2 Bedroom Upper Floor Flat ..... Ideal Investment Opportunity....The Accommodation Briefly comprises=Communal Entrance, Stairs To, Entrance Hall, Good Sixed Lounge with views, Kitchen, 2 Bedrooms and Bathroom. Outside. Communal Area. Epc Rating Awaited

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WHV230387/2

Agent Details

YOUR MOVE - Property @ Cumbria, Whitehaven

01946 550437

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪