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 |
BMV | 24% |
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.
Local Rents
33 rents from £470/mo to £800/mo, average is £595/mo.
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
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