3 Bed Terraced House, Refurb/BRRR, Workington, CA14 5LB, £79,950

26 Moorclose Road, Workington, CA14 5LB - 3 views - a year ago

BTL
Refurb/BRRR
Planning
ROI: 6%
~78 m²
+10 photos

ValuationFair Value

Sold Prices£39K - £345K
Sold Prices/m²£535/m² - £3.1K/m²

 

 

Square Metres

~77.70 m²
Price/m²£1K/m²

Value Estimate

£81,549

 

 

End Value (After Refurb)

£93,671

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,988

Stamp Duty & Legal Fees

£5,198

Refurb Costs

£30,573

Bridging Loan Interest

£2,099

Total Cash In

£59,607

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£93,671

Mortgage (After Refinance)

£70,253

Mortgage LTV

75%

Cash Released

£10,291

Cash Left In

£49,316

Equity

£23,418

Rent Range

£520 - £1,150

Rent Estimate

£760

Running Costs/mo

£465

Cashflow/mo

£295

Cashflow/yr

£3,543

ROI

6%

Gross Yield

11%

Local Sold Prices

45 sold prices from £39K to £345K, average is £125K. £535/m² to £3.1K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£95K11/210.17 mi18, Burnside, Harrington, Workington, Cumbria CA14 5PU3
£107K07/230.17 mi18, Burnside, Harrington, Workington, Cumberland CA14 5PU3
£90K04/210.22 mi4, Coronation Drive, Salterbeck, Workington, Cumbria CA14 5LS3
£126K10/200.22 mi99, Brierydale, Salterbeck, Workington, Cumbria CA14 5LL3
£125K12/200.25 mi1a, North Shore Street, Harrington, Workington, Cumbria CA14 5QB3
£100K11/210.32 mi32, Salterbeck Road, Salterbeck, Workington, Cumbria CA14 5JJ3
£87.5K12/200.32 mi5, Mona Road, Salterbeck, Workington, Cumbria CA14 5JH3
£58.5K12/220.32 mi131, Moorclose Road, Salterbeck, Workington, Cumbria CA14 5LF3
£166K11/200.43 mi7, Lime Road, Harrington, Workington, Cumbria CA14 5QH3
£85K11/200.43 mi1, Lime Road, Harrington, Workington, Cumbria CA14 5QH3
£130K12/220.43 mi10, Salterbeck Road, Salterbeck, Workington, Cumbria CA14 5JG3
£112.5K03/230.43 mi6, Walls Road, Salterbeck, Workington, Cumbria CA14 5JD3
£65K05/230.47 mi109, Poole Road, Salterbeck, Workington, Cumberland CA14 5DW3
£195K07/230.48 mi33, High Close, High Harrington, Workington, Cumberland CA14 5RQ3
£74K06/210.49 mi15, Wether Riggs Road, Salterbeck, Workington, Cumbria CA14 5HR3
£120K04/210.49 mi13, Archer Street, Harrington, Workington, Cumbria CA14 5QJ3
£150K01/230.5 mi23, Broadacres, High Harrington, Workington, Cumbria CA14 5RL3
£142.5K03/230.52 mi4a, Salterbeck Road, Salterbeck, Workington, Cumberland CA14 5HW3
£162.5K06/210.54 mi7, Kiln Green Avenue, High Harrington, Workington, Cumbria CA14 4LN3
£156.3K02/230.54 mi30, Kiln Green Avenue, High Harrington, Workington, Cumbria CA14 4LN3
£217.5K06/230.54 mi79, Broadacres, High Harrington, Workington, Cumberland CA14 5RN3
£91.5K08/210.56 mi21, Cockfield Drive, Workington, Cumbria CA14 5BL3
£75K11/210.59 mi26, Poole Road, Salterbeck, Workington, Cumbria CA14 5DJ3
£105K02/230.59 mi21, Poole Road, Salterbeck, Workington, Cumbria CA14 5DJ3
£187.9K06/210.62 mi11, Queens Road, High Harrington, Workington, Cumbria CA14 4LX3
£183.2K02/210.65 mi92, Main Road, High Harrington, Workington, Cumbria CA14 4NH3
£140K05/210.74 mi11, Ghyll Road, Workington, Cumbria CA14 5AL3
£345K03/230.76 miFoxpit House, Copperas Hill, Harrington, Workington, Cumbria CA14 5RX3
£95K11/200.81 mi45, Westfield Drive, Workington, Cumbria CA14 5AZ3
£175K02/210.81 mi14, Sea View Drive, Workington, Cumbria CA14 5DF3
£210K02/230.81 mi30, Sea View Drive, Workington, Cumberland CA14 5DF3
£150K03/210.82 mi14, Marlborough Avenue, High Harrington, Workington, Cumbria CA14 4NW3
£125K02/210.85 mi19, Railbank Drive, Workington, Cumbria CA14 5DD3
£72K03/210.85 mi328, Moss Bay Road, Workington, Cumbria CA14 5AF3
£205K01/210.86 mi29, Seadown Drive, High Harrington, Workington, Cumbria CA14 4NE3
£79K03/230.88 mi58, Firth View Walk, Workington, Cumberland CA14 3RA3
£122.5K07/230.89 mi233, Newlands Lane South, Workington, Cumberland CA14 3QQ3
£85K12/220.89 mi39, Rowe Terrace, Workington, Cumbria CA14 3SU3
£235K04/210.89 mi40, Ruskin Close, High Harrington, Workington, Cumbria CA14 4LS3
£63.5K11/210.9 mi20, West View Walk, Workington, Cumbria CA14 3RG3
£158K03/210.95 mi3, Bannatyne Drive, High Harrington, Workington, Cumbria CA14 4LQ3
£39K01/210.96 mi243, Moss Bay Road, Workington, Cumbria CA14 3TG3
£83K12/220.96 mi258, Moss Bay Road, Workington, Cumbria CA14 3TL3
£189K05/230.99 mi6, Moore Way, High Harrington, Workington, Cumberland CA14 4NB3
£282K03/210.99 mi18, Moore Way, High Harrington, Workington, Cumbria CA14 4NB3

Local Rents

11 rents from £520/mo to £1.1K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£79503/240.21 mi-3
£79512/240.21 mi-3
£79503/240.21 miMountain View, Harrington, Workington, CA143
£52002/240.22 mi-3
£75009/240.39 mi-3
£1,15009/240.55 mi-3
£69504/240.65 miWhins Close, Harrington, Workington, CA143
£57504/240.96 miMoss Bay Road, Workington3
£70001/250.99 mi-3
£79505/241.11 miPeacock Way, Workington3
£79505/241.11 miPeacock Way, Workington3

Local Area Statistics

Population in CA14

35,826

Population in Workington

35,830

Town centre distance

1.55 miles away

Nearest school

0.10 miles away

Nearest train station

0.33 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Price changed to £79,950

March 8, 2025

Listed for £85,000

March 22, 2024

Floor Plans

Description

  • *** ONLINE VIEWING AVAILABLE *** +
  • Moorclose Road, Harrington +
  • EPC Rating- E +
  • End of Terraced House +
  • 3 Bedrooms, Open Lounge/Diner +
  • Yard & Pleasant Rear Outlook +
  • Needs Complete Renovation +

THERE'S NOTHING QUITE LIKE A BLANK CANVAS!
This great three bedroomed end of terrace house has been completely stripped out and it's ready for you to get imaginative and enjoy creating the home of your dreams.
It sits in a good position in the centre of Harrington with a pleasing outlook to the rear and it's within striking distance of schools and shops as well as transport links and the beach.
The accommodation is spacious with an entrance hall, large through lounge and a kitchen at the back with a sunny yard beyond and upstairs there are three bedrooms and a shower room. There's even the potential to extend into the loft, subject to consents, but equally it's great space for storage.
* NO CHAIN * NO CHAIN * NO CHAIN *

Things You Need To Know - Gas central heating
Double glazing

Entrance - The property is accessed via a UPVC door leading into:

Inner Lobby - With natural wood flooring, coving. Hardwood door with glazing panel leading into:

Inner Hallway - With natural wood floor. Stairs to first floor. Coving, coat hooks and door into:

Lounge /Dining Room - 7.32 x 2.79 (24'0" x 9'1") - Open plan room with window at the front and one to the rear. Wood flooring to the front part and plywood to the rear. Gas fire on marble hearth with matching surround and dark stained mantelpiece over. Television point. Two ceiling roses and corner shelving. Door into:

Kitchen - 4.17 x 2.34 (13'8" x 7'8") - Fitted with a range of units with splashback. Include stainless steel sink, space for an electricand gas cooker, plumbing for washing machine. Wall mounted gas boiler. UPVC door to the rear with window to the rear and side. Useful understairs storage cupboard

First Floor Landing -

Bedroom 1 - 3.85 by 3.30 (12'7" by 10'9") - Double room to the front with varnished natural wood floorboards, cream painted tongue and groove ceiling.

Bedroom 2 - 2.84 x 2.28 (9'3" x 7'5" ) - Natural timber floored double room with an aspect to the rear.

Bedroom 3 - 2.42 by 2.17 (7'11" by 7'1") - Bedroom to the rear.

Bathroom - 1.88 x 1.61 (6'2" x 5'3") - With walk-in shower with clear screen, wall mounted electric shower and attachments, and fitted with white ceramic tiles. Low-level WC and pedestal wash hand basin. Frosted window to the rear. White painted wooden flooring.

Attic Space - Accessed from the landing is a metal ladder which leads to an attic room (not inspected) which is superb storage space or has potential for development, subject to Building Regulations, Planning Permissions etc.

Rear Yard - Brick paved yard - larger than average and is a delightful sun trap!

Directions - From the centre of Harrington turn into Moorclose Road and the property is located on the right hand side.

Council Tax - We have been advised by Cumberland Council ) that this property is placed in Tax Band A.

Notes To Brochure - Please note that all measurements have been taken using a laser tape measure which may be subject to a small margin of error. None of the appliances, heating system or fittings included within the sale have been tested or can be assumed to be in full working order. Purchasers are strongly advised to satisfy themselves by way of survey and their own enquiries. The brochure does not constitute a contract, part of a contract or warranty.

The Consumer Protection Regulations 2008 - Please contact us before viewing the property. If there is any point of particular importance to you we will be pleased to provide additional information or to make further enquiries. We will also confirm that the property remains available. This is particularly important if you are contemplating travelling some distance to view the property.

Moving With Grisdales - Moving is an exciting time but only if everything proceeds smoothly. Whether you are selling, letting, buying or renting, we understand that moving home can be a very stressful and daunting prospect. That's why, at Grisdales, we work together as a team, giving dedicated support and advice every step of the way to help your move run as smoothly and efficiently as possible.

Free Market Appraisal - If you are thinking of moving, we offer a completely free market valuation and appraisal of your existing home. We will advise you upon an asking price which accurately positions your property in the current market place, maximising viewings and your sale prospects.

Lettings And Management - If you are interested in property as an investment, we can help you every step of the way from Buy to Let advice to effective property letting and management

Surveys And Valuations - We want your purchase to live up to those dreams, hopes and expectations. You need to know that your new home will not only be a sound investment, but also one which you will enjoy without the worry of the unknown. Grisdales offer a wide range of survey and valuation reports to meet different needs all backed by the qualification, experience and knowledge of a Chartered Surveyor.

Mortgage Advice - Grisdales works with The Right Advice Cumbria (Bulman Pollard) part of The Right Mortgage Ltd, one of the UK's fastest-growing Networks, offering expert professional advice to find the right mortgage for you. We have access to thousands of mortgages from across the whole market in the UK.

Our advice will be specifically tailored to your needs and circumstances which could be for your first home, moving home, re-mortgaging or investing in property. To find out more about how we can assist you, just call your nearest Grisdales office.

Your home or property may be repossessed if you do not keep up repayments on your mortgage. Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority. You may be charged a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.

Agent Details

Grisdales Estate Agents, Cockermouth

01900 510849

Next Steps?

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