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





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£81,549 |
| |
End Value (After Refurb) | £93,671£93,671 |
Uplift in Value | +17%+17% |
Investment Opportunity
Cash In | |
Purchase Finance | Bridging LoanBridging Loan |
Deposit (25%) | £19,988£19,988 |
Stamp Duty & Legal Fees | £5,198£5,198 |
Refurb Costs | £30,573£30,573 |
Bridging Loan Interest | £2,099£2,099 |
Total Cash In | £59,607£59,607 |
| |
Cash Out | |
Monetisation | FlipRefinance & RentRefinance & Rent |
Revaluation | £93,671£93,671 |
Mortgage (After Refinance) | £70,253£70,253 |
Mortgage LTV | 75%75% |
Cash Released | £10,291£10,291 |
Cash Left In | £49,316£49,316 |
Equity | £23,418£23,418 |
Rent Range | £520 - £1,150£520 - £1,150 |
Rent Estimate | £760 |
Running Costs/mo | £465£465 |
Cashflow/mo | £295£295 |
Cashflow/yr | £3,543£3,543 |
ROI | 6%6% |
Gross Yield | 11%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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£95K | 11/21 | 0.17 mi | 18, Burnside, Harrington, Workington, Cumbria CA14 5PU | £1,340 | 71 | 3 | Terraced House | |
£107K | 07/23 | 0.17 mi | 18, Burnside, Harrington, Workington, Cumberland CA14 5PU | £1,510 | 71 | 3 | Terraced House | |
£90K | 04/21 | 0.22 mi | 4, Coronation Drive, Salterbeck, Workington, Cumbria CA14 5LS | £1,111 | 81 | 3 | Semi-Detached House | |
£126K | 10/20 | 0.22 mi | 99, Brierydale, Salterbeck, Workington, Cumbria CA14 5LL | £1,432 | 88 | 3 | Semi-Detached House | |
£125K | 12/20 | 0.25 mi | 1a, North Shore Street, Harrington, Workington, Cumbria CA14 5QB | £1,157 | 108 | 3 | Detached House | |
£100K | 11/21 | 0.32 mi | 32, Salterbeck Road, Salterbeck, Workington, Cumbria CA14 5JJ | £1,408 | 71 | 3 | Semi-Detached House | |
£87.5K | 12/20 | 0.32 mi | 5, Mona Road, Salterbeck, Workington, Cumbria CA14 5JH | £1,122 | 78 | 3 | Semi-Detached House | |
£58.5K | 12/22 | 0.32 mi | 131, Moorclose Road, Salterbeck, Workington, Cumbria CA14 5LF | £713 | 82 | 3 | Semi-Detached House | |
£166K | 11/20 | 0.43 mi | 7, Lime Road, Harrington, Workington, Cumbria CA14 5QH | £1,277 | 130 | 3 | Semi-Detached House | |
£85K | 11/20 | 0.43 mi | 1, Lime Road, Harrington, Workington, Cumbria CA14 5QH | £535 | 159 | 3 | Terraced House | |
£130K | 12/22 | 0.43 mi | 10, Salterbeck Road, Salterbeck, Workington, Cumbria CA14 5JG | - | - | 3 | Terraced House | |
£112.5K | 03/23 | 0.43 mi | 6, Walls Road, Salterbeck, Workington, Cumbria CA14 5JD | - | - | 3 | Semi-Detached House | |
£65K | 05/23 | 0.47 mi | 109, Poole Road, Salterbeck, Workington, Cumberland CA14 5DW | £751 | 87 | 3 | Terraced House | |
£195K | 07/23 | 0.48 mi | 33, High Close, High Harrington, Workington, Cumberland CA14 5RQ | - | - | 3 | Detached House | |
£74K | 06/21 | 0.49 mi | 15, Wether Riggs Road, Salterbeck, Workington, Cumbria CA14 5HR | £925 | 80 | 3 | Semi-Detached House | |
£120K | 04/21 | 0.49 mi | 13, Archer Street, Harrington, Workington, Cumbria CA14 5QJ | £1,351 | 89 | 3 | Terraced House | |
£150K | 01/23 | 0.5 mi | 23, Broadacres, High Harrington, Workington, Cumbria CA14 5RL | - | - | 3 | Semi-Detached House | |
£142.5K | 03/23 | 0.52 mi | 4a, Salterbeck Road, Salterbeck, Workington, Cumberland CA14 5HW | - | - | 3 | Semi-Detached House | |
£162.5K | 06/21 | 0.54 mi | 7, Kiln Green Avenue, High Harrington, Workington, Cumbria CA14 4LN | - | - | 3 | Semi-Detached House | |
£156.3K | 02/23 | 0.54 mi | 30, Kiln Green Avenue, High Harrington, Workington, Cumbria CA14 4LN | - | - | 3 | Semi-Detached House | |
£217.5K | 06/23 | 0.54 mi | 79, Broadacres, High Harrington, Workington, Cumberland CA14 5RN | £2,693 | 81 | 3 | Semi-Detached House | |
£91.5K | 08/21 | 0.56 mi | 21, Cockfield Drive, Workington, Cumbria CA14 5BL | - | - | 3 | Terraced House | |
£75K | 11/21 | 0.59 mi | 26, Poole Road, Salterbeck, Workington, Cumbria CA14 5DJ | - | - | 3 | Semi-Detached House | |
£105K | 02/23 | 0.59 mi | 21, Poole Road, Salterbeck, Workington, Cumbria CA14 5DJ | - | - | 3 | Semi-Detached House | |
£187.9K | 06/21 | 0.62 mi | 11, Queens Road, High Harrington, Workington, Cumbria CA14 4LX | £2,238 | 84 | 3 | Semi-Detached House | |
£183.2K | 02/21 | 0.65 mi | 92, Main Road, High Harrington, Workington, Cumbria CA14 4NH | £2,580 | 71 | 3 | Semi-Detached House | |
£140K | 05/21 | 0.74 mi | 11, Ghyll Road, Workington, Cumbria CA14 5AL | £1,647 | 85 | 3 | Semi-Detached House | |
£345K | 03/23 | 0.76 mi | Foxpit House, Copperas Hill, Harrington, Workington, Cumbria CA14 5RX | - | - | 3 | Detached House | |
£95K | 11/20 | 0.81 mi | 45, Westfield Drive, Workington, Cumbria CA14 5AZ | £1,173 | 81 | 3 | Semi-Detached House | |
£175K | 02/21 | 0.81 mi | 14, Sea View Drive, Workington, Cumbria CA14 5DF | £1,966 | 89 | 3 | Detached House | |
£210K | 02/23 | 0.81 mi | 30, Sea View Drive, Workington, Cumberland CA14 5DF | £2,360 | 89 | 3 | Detached House | |
£150K | 03/21 | 0.82 mi | 14, Marlborough Avenue, High Harrington, Workington, Cumbria CA14 4NW | - | - | 3 | Semi-Detached House | |
£125K | 02/21 | 0.85 mi | 19, Railbank Drive, Workington, Cumbria CA14 5DD | £1,488 | 84 | 3 | Semi-Detached House | |
£72K | 03/21 | 0.85 mi | 328, Moss Bay Road, Workington, Cumbria CA14 5AF | £673 | 107 | 3 | Terraced House | |
£205K | 01/21 | 0.86 mi | 29, Seadown Drive, High Harrington, Workington, Cumbria CA14 4NE | £1,821 | 113 | 3 | Detached House | |
£79K | 03/23 | 0.88 mi | 58, Firth View Walk, Workington, Cumberland CA14 3RA | £918 | 86 | 3 | Terraced House | |
£122.5K | 07/23 | 0.89 mi | 233, Newlands Lane South, Workington, Cumberland CA14 3QQ | £3,141 | 39 | 3 | Terraced House | |
£85K | 12/22 | 0.89 mi | 39, Rowe Terrace, Workington, Cumbria CA14 3SU | - | - | 3 | Semi-Detached House | |
£235K | 04/21 | 0.89 mi | 40, Ruskin Close, High Harrington, Workington, Cumbria CA14 4LS | £2,554 | 92 | 3 | Detached House | |
£63.5K | 11/21 | 0.9 mi | 20, West View Walk, Workington, Cumbria CA14 3RG | £668 | 95 | 3 | Semi-Detached House | |
£158K | 03/21 | 0.95 mi | 3, Bannatyne Drive, High Harrington, Workington, Cumbria CA14 4LQ | £2,394 | 66 | 3 | Semi-Detached House | |
£39K | 01/21 | 0.96 mi | 243, Moss Bay Road, Workington, Cumbria CA14 3TG | £542 | 72 | 3 | Terraced House | |
£83K | 12/22 | 0.96 mi | 258, Moss Bay Road, Workington, Cumbria CA14 3TL | £830 | 100 | 3 | Terraced House | |
£189K | 05/23 | 0.99 mi | 6, Moore Way, High Harrington, Workington, Cumberland CA14 4NB | £1,907 | 99 | 3 | Detached House | |
£282K | 03/21 | 0.99 mi | 18, Moore Way, High Harrington, Workington, Cumbria CA14 4NB | £2,968 | 95 | 3 | Detached House |
Local Rents
11 rents from £520/mo to £1.1K/mo, average is £795/mo.
Rent | Date | Distance | Address | Beds | Type | |
£795 | 03/24 | 0.21 mi | - | 3 | Terraced House | |
£795 | 12/24 | 0.21 mi | - | 3 | Terraced House | |
£795 | 03/24 | 0.21 mi | Mountain View, Harrington, Workington, CA14 | 3 | Terraced House | |
£520 | 02/24 | 0.22 mi | - | 3 | Terraced House | |
£750 | 09/24 | 0.39 mi | - | 3 | Semi-Detached House | |
£1,150 | 09/24 | 0.55 mi | - | 3 | Semi-Detached House | |
£695 | 04/24 | 0.65 mi | Whins Close, Harrington, Workington, CA14 | 3 | Semi-Detached House | |
£575 | 04/24 | 0.96 mi | Moss Bay Road, Workington | 3 | Terraced House | |
£700 | 01/25 | 0.99 mi | - | 3 | Semi-Detached House | |
£795 | 05/24 | 1.11 mi | Peacock Way, Workington | 3 | Flat | |
£795 | 05/24 | 1.11 mi | Peacock Way, Workington | 3 | Terraced House |
Local Area Statistics
Population in CA14 | 35,82635,826 |
Population in Workington | 35,83035,830 |
Town centre distance | 1.55 miles away1.55 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.33 miles away0.33 miles away |
| |
Rental growth (12m) | -1%-1% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +4%+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.
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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.
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